Share some recent communication content with funds in the United States, Bay Area, and New York:

1. Some AI robot crypto hybrid funds are unable to invest in Chinese passport founders because the LPs have taken some government money. The decoupling of AI robots between China and the US has inadvertently affected crypto founders. First, check if the passport holder is a Chinese fund and if they are doing business in China; if all these are yes, then pass. This surprised me a lot, but I completely understand... New York is actually great in this regard; foreign crypto funds who fking care where you are from are very inclusive of Asian entrepreneurial teams, especially in the RWA direction.

2. Silicon Valley money is more than NYC money. Let's talk about some of the fundraising difficulties encountered in NYC Funds. Especially for first-tier funds, there are challenges in fundraising even in New York.

3. Top crypto companies still have money, regardless of the market conditions, but at the very least, they have a strong presence. Their office is simple, just one floor.

4. American funds really don't understand the business logic of East Asia. This does not mean that any entrepreneur telling an East Asian story will be understood; only a few funds with East Asian traction can get it. The vast majority of American funds actually find it hard to buy in. I can understand this; when I was at Matrix, if a North American white CEO came to pitch me an opportunity in the South American market, I would also find it abstract, then pass.

5. The foundation traction your data, fast forward to the valuation model of mature market pspe. The foundation still believes in dreams, but not so much anymore 😂.

6. In terms of dating efficiency, SG > SZ > NYC >> SF. In terms of practitioner density and quality, NYC > SG > SF > SZ. In terms of communication with the team and clients, SZ ≈ SG > SF >> NYC. To truly build, it still needs to be done on Asian time...