Throughout 2017 and 2018 we have seen projects raise hundreds of millions of dollars. Everyone was making money: projects, private investors, and even crowd sale investors. Everyone was happy and going to the moon. As a project, why would you change that? As an investor, why would you require projects to lower the metrics or abstain yourself from making money?

Taken from https://icodrops.com/category/ended-ico

It’s fine! And then the hype started wearing off…

Taken from https://analytics.hypernum.com/market/stats

There were a few projects which did well and are still holding up, but the sentiment overall is very negative. However:

The idea here is not to blame anyone, but rather to find ways to adapt to the current reality. Constantly postponing and waiting for the better market is not going to cut it.

From a project’s perspective, I am seeing a few particular problems:

Unrealistic amounts of money being raised (huge valuations).

- “Wait… this is only one problem! Did you forget something?”

Not really, I just believe it all starts here. There are problems related to high exchange listing fees, YouTubers doing reviews for insane amounts of money and etc. But the start of the journey is with the team, their appetite and what is needed to turn their ideas into reality.

Olaf from Polychain Capital said during the Web3Summit that valuations will get even crazier and higher — well, not sure. It definitely does not require 20M USD for an MVP. At least all the rounds cannot happen at the same time. Raise a little, BUIDL and prove yourself, raise more, BUIDL.