Uniswap founder: Founders and VCs need to stop valuing startups and pre-coin crypto projects at more than $1 billion

BlockBeats news, on May 9, Hayden Adams, founder of Uniswap, posted on social media that “cryptocurrency founders and venture capitalists need to stop valuing projects in the early stages of development and before tokens are released at over $1 billion until they are truly worth this valuation. Building something worth 7-9 figures is an incredible achievement, and not every project needs to be a unicorn when it first starts.”

In addition, Hayden Adams said, “Maybe it’s a bit naive, but I think you can make more money as a founder raising funds at a fair valuation (real talent wants upside) and as a venture capitalist investing at a fair valuation (limited partners want upside). It’s just a little harder to do.”