The well-known fund @ ABCDELabs has stopped investing and raising funds. In my opinion, the VC model in the cryptocurrency industry is facing the following problems 1. Lack of innovation and severe homogenization 2. Only narrate without considering the actual situation 3. Create a prosperous illusion through airdrop data brushing 3. High valuation, low liquidity, and retail investors taking over the market 5. Shorttermism prevails and lacks long-term construction motivation 6. Lack of regulation and prevalence of insider trading/rat traps 7. The project team is not publicly available, so we can cut through one wave after another How do everyone explain it?