Is VC Memefication No Longer in Favor? “KOL Round” Emerges as a Fast and Effective Financing and Marketing Technique in Web3 Startups.

KOL @nftbanker (小将) shared his thoughts on his recent trip to Paris: “VCs are starting to become memes, while KOLs are turning into VCs. The conditions for unknown Western funds are four times worse than those for KOLs. They don’t understand how Chinese people can raise funds overnight with just an Excel sheet, while they are still waiting for the lock-up period. These KOLs have already made money. Several KOLs who have just graduated from Chinese universities have become the quickest, most active, and earliest cash-out VCs in this bull market.”