[Hyperliquid Rejected a $1 Billion Valuation Investment Offer from a VC in Early 2024] Odaiy Planet Daily News: Hyperliquid founder Jeff Yan and his team members recently participated in a feature interview with *Colossos* magazine. During the interview, Jeff revealed that in January 2024, discussions were held with investors, during which Jeff stated that he would only consider investment terms with a valuation of $1 billion. When an investor agreed to this valuation, Jeff spent a weekend carefully deliberating but ultimately decided to decline the offer. This decision was difficult for other team members to accept, including Hyperliquid's co-founder iliensinc (responsible for fund management), who had already engaged in two weeks of financing discussions with the investors. When Jeff called the fund to decline, the other party was equally shocked, assuming he had accepted terms from another institution. Jeff provided an analogy to explain his decision: "Hyperliquid is not a company; it is a protocol. 'Neutrality' has been a core principle from the very beginning. If Bitcoin had accepted venture capital funding back in the day, it would not have become the Bitcoin we know today—its entire value proposition would have been destroyed." For more details, refer to *Jeff Yan's 'Hyper Life'*.