VC provides financing, projects seek development, and retail investors provide secondary support - the logic itself is fine, but the problem is that the valuation is too high when the project development is very poor.

VCs invest money in the early stage, taking the risk of project failure and investment zero, so it is reasonable to get a high multiple of returns.

And retail investors buy in the secondary level without having to bear restrictions such as lock-up, which is also not wrong.

But when the actual value of the project is 1 and the secondary valuation is 100, it is necessary to wait for the market to correct. #非农就业数据即将公布 #币安合约锦标赛