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

Hayden Adams, founder of Uniswap, wrote on the X platform that cryptocurrency founders and venture capitalists (VCs) need to stop valuing projects that are in early stages, under development, and have not issued tokens at more than $1 billion until they are truly worth this valuation. Building a project worth seven to nine figures (in US dollars) is an incredible achievement, but not every project needs to be a unicorn when it is launched. 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 talents want upside) and as a VC investing at a fair valuation (limited partners want upside). It's just a little harder to do so."