IOBC Capital Managing Partner: European and American funds are squeezing the survival space of Asian funds

Golden Finance reported that AlvaXu, managing partner of IOBC Capital, shared his feelings about Token2049 on the X platform. AlvaXu said: Some large funds in Europe and the United States are accelerating financing. Their determination to fight for Asian LPs can be seen from the degree of personnel input and attention. However, it is not exciting to talk about it. 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 precious as high-quality developers, so IR will become increasingly important in the future; Today, as the market shifts, some GPs are playing fancy games, such as buying OTC shares, pushing for second-tier positions, incubating projects, etc. The core purpose is to prove that they can outperform Bitcoin's returns. Isn't the purpose of venture capital to support great early-stage companies? Therefore, it is better to return to the original intention rather than playing fancy games, which can impress investors more. Three suggestions have been put forward for fund raising in view of the current situation: do not emphasize financial returns and DPI, because LP can directly buy ETF or hold BTC; become an explorer of the industry, with a strong desire to explore and have their own world view can impress LP, after all, investing in a company represents what kind of world you want to build; it is very important to understand LP's strategic layout investment for each LP.