Filecoin · Impression 1475: The transformation journey of an Internet veteran

Host: Hello everyone, welcome to "Impression 1475". Today we are interviewing the co-founder of Graphene Capital: Sunny. Please introduce yourself to everyone!

Sunny: Hello everyone, I am Sunny, the co-founder of Graphene Capital. I graduated from East China Normal University with an MBA and Hejun Business School. I have worked for Lenovo, Wanxiang, and Alibaba. I am a veteran in the traditional Internet industry and have rich entrepreneurial and industry experience in the field of Internet finance. After 2015, I devoted myself to investing in high-tech companies such as blockchain, artificial intelligence, and big data. I have invested in more than 100 projects, especially in blockchain projects.

Host: As a veteran in the Internet industry, what opportunity led you to engage in blockchain investment?

Sunny: In fact, there are not many investment opportunities in the Internet field in recent years, and the track is monopolized. It has been more than 20 years since 1995, and there are not many opportunities for most investors now, so we can only choose a new track. Only on the new track can everyone have the possibility of starting at the same time: we turned to the track of blockchain, artificial intelligence, and big data. For us traditional investors, exiting is very fast. Traditional investment takes more than 3 years and there are great risks. In recent years, we have summarized a rule, that is, there are tens of millions of reasons for successful companies, but only one reason for failed companies. So we are more optimistic about this track. We believe that its exit time is short and the risk is relatively small compared to traditional projects.

Host: Actually, at that time, there were already hundreds of mining machine manufacturers on the market. Why did you choose the 1475 team?

Sunny: Actually, I am an early investor of 1475. First of all, I highly recognize Mr. Yang Ming and his team. In the third quarter of 2018, when we first met, he did not mention IPFS to me. I was the first to mention IPFS to him and recommended it to everyone. At that time, there were many people, so we just had a brief chat, but I felt that it was not enough. Later, we discussed it in depth again and learned that Mr. Yang Ming was already researching the IPFS track. It was also based on this discussion and his cognition that I highly recognized him. I chose him and 1475. I became an angel investor of 1475.

Host: In your past investment history, through what projects did you gain wealth? Can you share it with us?

Sunny: I once participated in the DAI project. It was the first project we participated in at that time and the first project of Ethereum. First, I bought Bitcoin, then Ethereum, and then invested in this project. This project made about 4 times the money in a very short time, about 2 months. I also achieved financial freedom by speculating in coins. We have invested in more than 100 projects, among which NEO, Quantum, Binance, Huobi, OKEX and other blockchain projects have achieved good returns, of course, we have also stepped on many pitfalls. Overall, I still make more money.

Host: Have you ever stepped on any pitfalls in your investment history? Have you ever had any blood and tears? Can you share your experience with us novice investors?

Sunny: Investment experience is that investment depends on people, teams, and implementation. The most important thing is to look at the implementation, whether it has commercial application value, and whether it can bring value to society. For example, blockchain has been used in Shenzhen and Beijing for commercial invoice applications, which is very valuable. I predict that it will be promoted all over the country in the future, but ordinary people do not have the opportunity to invest. I really want to participate in this project, but I may not have the opportunity. In fact, there are still many commercial application projects of blockchain. There are many application scenarios around us, but they just exist in our lives without feeling, but unfortunately ordinary people do not have the opportunity to participate in these projects. Why is IPFS so good? It is because it gives ordinary people the opportunity to participate. In fact, in 2020, we pay more attention to three projects: one is the largest financing scale of Telegram, whose financing scale has reached 1.7 billion US dollars. Recently, it has also been at the forefront of the storm, and is suing ICEC in the US court. There are also reports online that on April 30, the court will make a ruling on it to see whether it is a securities behavior or a commercial behavior. We have also invested a lot in this project. Its risk depends on the judgment of the US court. This risk is still quite high, and the impact on the currency circle is also quite large. A country's policy is also a big factor influencing investment. For example, the blockchain track, our country is currently also strongly supporting it. Today, I saw a piece of information that General Secretary Xi Jinping also mentioned the need to build a "smart governance" model and integrate technologies such as the Internet of Things, cloud technology, and blockchain into social governance. This is undoubtedly a positive signal for both the blockchain track and the IPFS track.

There is another cross-chain project, Polkadot. It was launched in 2017. Its founder is the CTO of Ethereum, so we are also paying close attention to it. It should be launched soon. We have also invested in it. For such a large project, its time period and span will be relatively long. Telegram should have its ICO in 2018. Generally, good projects have a long span, and the same is true for IPFS. If it is really a good project, it will definitely go through a long cycle. Now when investing, don't think about getting rich overnight or investing in short-term and fast projects. Basically, there are very few. You must spend time studying the value of the project itself. The risk of IPFS is currently the smallest for ordinary people, because it has a landing application scenario, its investors have a very strong background, and the development team is not only at the forefront of concepts and technologies, but also can be seen that they have spent a lot of thought on this project, and they are constantly solving problems when problems arise. As long as this project is about storage, in the upcoming era of 5G, data storage will definitely grow explosively. This project should be a good application.

Host: Some novice investors are still confused about when to enter the market. Can you give them some advice here?

Sunny: This time window is running out, and now is the best time window. For ordinary investors, it is hard to see or understand the early stage, and they generally will not participate. However, this period before the mainnet is launched is the last window to obtain the maximum profit.

Host: As a senior investor, can you give some advice to newcomers on the numerous mining machine manufacturers in the market?

Sunny: Because IPFS mining is not like Bitcoin and ETh mining, IPFS mining may have higher technical requirements. So it can be said that it is a project with a technical threshold. You must choose a company with reliable technology and time-tested, such as 1475, which is in the first echelon after official testing. The selection standards on the market are different now, but don't listen to what they say. You must come up with technical parameters and calculate the input-output ratio. Don't be fooled by appearances. You must keep your eyes open and avoid pitfalls. Don't fall into the trap of capital and pyramid schemes. Many such companies will run away on the day the main network is launched. When the tide recedes, you will know who is swimming naked.

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