The bubble is really big. If they don't accept the VC, they will never be able to get out of it:

NIO $9 billion

Xpeng Motors $7 billion

Weibo $2 billion

Zhihu $200 million

Let's take a look at L2, which has few real users:

1. arb: more than $8 billion

2. op: more than $7.9 billion

3. strk: more than $7.3 billion

4. zk: more than $4.2 billion

This world is so absurd. I think these project owners and VCs know how big the bubble is, so they will definitely ship it by any means necessary.