We need to rethink our entrepreneurial and investment directions. We need to focus on major sectors, talk about market capitalization and growth potential, and quickly become a top-tier (second, third, or fourth-tier) player. Early last year, a friend told me, "You need to get into a major sector. Even being 10th in a good sector is better than being 1st in a bad sector." This year's major sectors include: 1. PerpDEX. After Hyperliquid opened up new avenues, Lightner, EdgeX, Nado, and a bunch of others emerged, with both Eastern and Western companies following suit. 2. In the prediction market, Polymarket gained massive traffic, and Kalshi also suffered a funding collapse; Opinion quickly followed suit in Asia. 3. A recent trend also saw new mobile trading portals allowing deposits via USDT. Many similar offerings exist, with little product differentiation at the moment. I'm currently more optimistic about Liquid. Taking AI as an example, let's discuss how these massive valuations are derived: Why can MiniMax and Zhipu compete with Meituan and JD.com? Mainly because OpenAI opened a sufficiently large door for the industry. You can't tell a story? No problem. OpenAI has already told it for you; you can just copy it. Whatever story it tells, that's your story. A smarter version of the story, an Asian-specific version, a more compliant version of the story. Tell it however you like. So your valuation model becomes: Do you mean 1% of OpenAI, or 10%? OpenAI is worth $830 billion, painting a picture for investors: I can become 1% of OpenAI, which is $8.3 billion. Then I'm valued at $100 million now, would you invest, bro? You're still asking me why Sequoia and Hillhouse next door aren't investing, because our team just poached an intern from a top AI company. The second thing is to launch early. Launch early is better than late. Get on board with the best concepts first. Whoever launches first is the second-best player. Everyone's played the Ethereum L2 game. OP and Arbitrum launched with huge success. Starknet launched, well, it was pretty good too. Then Blast, Linea, and Scroll are in a bind. Launch early is definitely much, much more important than late. Liquidity is finite; whoever grabs it gets it. So, damn it, launching Opinion first is incredibly awesome. The top two players haven't even hit the secondary market yet; the third-best player is grabbing a handful of liquidity first. Video source: Douyin blogger: trader韭