Talking with an old OG friend about industry opportunities, it's true that many aspects are still imperfect, so there are opportunities. Investing millions or tens of millions of dollars in AI might end up with nothing, but the leverage in blockchain is enormous. The biggest problem for crypto startups isn't the direction, because that's obvious, but the team… Okay, truly capable and trustworthy teams that complement each other are rare. Many domestic teams actually fail because of self-interest; they want to operate in a "black box" to profit… They lack resilience, they're not in a startup mindset, they're not hungry and not foolish enough… Being indecisive and lacking the tenacity to persevere, how can they succeed? We also talked about the operations of several funds in the industry, the reasons for their success and failure… The final conclusion is still "people"… Finally, I lamented, are good people… honest people only destined to make small fortunes in this industry?!