AlvaXu, managing partner of IOBC Capital, released Token2049 on the X platform. AlvaXu said: Some large European and American funds are accelerating their financing. From the level of personnel engagement and attention, we can see their determination to fight for Asian LPs. After chatting, it is not exciting. AUM is the enemy of venture capital funds; European and American funds are squeezing the survival space of Asian funds, and LPs are becoming as valuable as high-quality developers, so IR will become increasingly important in the future. Today, with the market turning, some GPs are performing fancy gameplay, from buying OTC shares, rushing to the second level, incubating projects, etc. The core purpose is to prove that they can outperform bitcoin profits, and the meaning of venture capital is not to support great enterprises in the early stage. Therefore, fancy gameplay is better to return to the original intention and impress investors. In response to the current situation, he put forward three suggestions for fund-raising: do not emphasize financial returns and DPI, because LPs can directly buy ETFs or hold BTC; let yourself become an explorer in the industry, with a strong desire to explore, and have your own world view. After all, investing in any company represents what kind of world you want to build; DD Every LP strategic planning, it is very important to understand the strategic layout of LP investment.