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Key Personnel<br />
Due diligence checks are thought to reduce financial risks, which<br />
Web3 and crypto markets can bolster with. Ranging from rug pulls,<br />
flash loan attacks, and project failure. But, due diligence is not a sole<br />
indicator of performance<br />
The good news is, due diligence is typically performed by multiple<br />
parties if it’s a well-regarded project. This means for the retail investor<br />
it can be as simple as looking at what Venture Capitalists(VC), funds,<br />
and angels are supporting.<br />
Large and well-regarded VCs have extensive due diligence processes.<br />
For this exact reason, the two main criteria I will be following are:<br />
Concluding Thoughts<br />
An innovative, novel, or necessary product<br />
Accredited VC’s with a reputable record<br />
I would like to stress that this is far from financial advice. The<br />
‘suites’ can be wrong too, but I typically don’t like to bet against<br />
experts. Cobie, Co-Founder of UpOnly Podcast, pointed out some<br />
potential flaws in Solana ecosystem tokenomics in his “Trading the<br />
metagame” substack post.<br />
“The Solana ecosystem had it’s own “very high FDV” sub-metagame,<br />
whereby the only people that were really early were the people that<br />
funded the seed round.” Cobie did point out. Popular trader Hsaka<br />
also poked fun at the ecosystem Tweeting a meme highlighting the<br />
‘very high FDV’ and the early seed round investors.<br />
So, there are ‘veterans’, who suggest differently.<br />
<strong>SHILL</strong> <strong>Issue</strong> #<strong>33</strong> 57
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