You'll get dumped on again, just like every season before 2022: a16z, Haun, Dragonfly all raised funds in the middle of crypto winter - You can look at all the projects they backed back then to see the results today 2026: they're doing it again. Same players. Same timing. Preparing for 2027-2028 We know how this plays out. Same as before Build hype, retail buys the top, charts cut in half, then in three The fund sizes this time: - a16z crypto: $2.2B, down from $4.5B in 2022, 10-year deploy window - Haun Ventures: $1B, down from $1.5B last time - Dragonfly Capital: $650M, same as 2022 - Blockchain Capital: raising $700M - Paradigm: rumored $1.5B Smaller funds. Same playbook. The question is who's exit liquidity for who A new VC fund isn't a bull signal It's a calendar. 2-3 years out, another TGE wave drops Know your entry. Know your exit. Don't hold to zero But here's what's actually different this cycle VCs are far more selective. They want real product-market fit, real users, real revenue. The hype filter is gone. Which means the projects that survive the dump will actually be worth holding All three funds independently landed on the same sectors: - Stablecoins & Payments - RWA - DeFi infrastructure - AI × Crypto And it's not just VC narrative. Real money is already moving here: - Mastercard acquired BVNK for $1.8B - Kalshi raised $1B - Polymarket raised $600M - Rain: $250M Series C. Slash: $100M. Reap: $600M TradFi is buying the infrastructure directly with billion-dollar checks So the game hasn't changed, someone is still exit liquidity for someone But the projects getting funded in these 4 sectors are the ones still standing in 2027 If you're playing long term, pick projects with strong communities and real revenue. Understand the revenue model deeply before you put money in. Don't skip that part Trade the hype. Hold what survives