2026-01-13 03:29:42

Senior investors' recent viewpoints have sparked some reflection: the future of the venture capital market will become increasingly polarized. On one end are the top institutions with sufficient scale and a complete ecosystem; on the other end are small funds focused on vertical sectors and building professional barriers. Those in the middle, neither large nor distinctive, will find it very difficult. In other words, scale and specialization have become the new survival rules, and the mediocre middle path is gradually being phased out. This trend is especially evident in Web3 investment—either you are a market leader, controlling the most resources and project flow; or you focus intensely on a specific niche and become an expert in that field. Otherwise, you will be left behind by the times.

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ThatsNotARugPull

· 01-13 03:59

Basically, it's "big fish eat small fish." The funds that are neither big enough nor specialized enough are really in a awkward position.

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TokenSleuth

· 01-13 03:57

The Central Fund is indeed being squeezed. Without any特色, it's just waiting to die.

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FlippedSignal

· 01-13 03:57

There's nothing wrong with what you said, but in the Web3 space, the moderates really live quite a frustrating life. You either go all in with the hot money from top institutions, or you have to find a niche segment and fight to the death.

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TokenSherpa

· 01-13 03:55

"actually, if you examine the governance voting patterns across major protocols over the last 18 months, this thesis falls apart pretty quickly. let me break this down—the mid-tier funds that survived aren't just coasting, they've evolved their tokenomics framework to create actual moats."

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FlashLoanKing

· 01-13 03:42

The funds in the middle really need to wake up. If they can't compete with the top players, they should focus vertically; there's no third way.

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