Reconsider the issues of entrepreneurship and investment direction, you need to go for the big tracks, talk about market dreams, and quickly become the second, third, or fourth dragon. At the beginning of last year, a friend told me that you need to get into a big track, the 10th place in a good track is better than being the first in a bad track. This year's big tracks include: 1. Perp dex, after Hyperliquid opened the door, a bunch of others like Lighter, edgex, nado, etc. have come out, both East and West are following. 2. Prediction markets, Polymarket has gained huge traffic, Kalshi has also exploded in funding; Asia has immediately seen Opinion catch up. 3. Recently started trends also have new mobile trading entrances, allowing deposits in U, and there are many similar targets, the product differences between each are not being highlighted for now, but recently I am more optimistic about Liquid. Taking AI as an example, let's talk about how these huge valuations come about: Why can MiniMax and Zhipu punch above their weight against Meituan and JD, the main reason is that OpenAI has opened a sufficiently large door for this industry. If you can't tell a story, no problem, OpenAI will help you finish it, you just need to copy it. Whatever story they have, you have the same story, a smarter version of the story, an Asian special version of the story, a more compliant version of the story. You can tell it however you like. So your valuation model becomes: Are you referring to 1% of OpenAI, or 10% of OpenAI? OpenAI is valued at 830 billion dollars, painting a picture for investors: I can become 1% of OpenAI, which is 83 billion, so my current valuation is 100 million, are you investing, bro? If you don't invest, Sequoia and Hillhouse are still asking me, because our team just recruited an intern from a top AI company xx. The second thing is to launch early. Launching early is better than launching late, get on the good concepts first, whoever launches first is the second dragon. Everyone has played through Ethereum's L2 games. OP and Arbitrum have achieved huge success, Starknet has also come out, well, it's quite good. So the later ones like Blast, Linea, and Scroll are in a tough spot. Launching early is definitely much more important than launching late, liquidity is limited, whoever grabs it gets it, so damn it, Opinion launching first is really impressive, the first and second dragons haven't even hit the secondary market yet, the third dragon comes in to grab some liquidity.

Video source: Douyin blogger: trader Jiu