{"id":10992,"date":"2025-11-04T15:18:15","date_gmt":"2025-11-04T06:18:15","guid":{"rendered":"https:\/\/www.coinspeaker.com\/jp\/?p=10992"},"modified":"2025-11-04T16:03:29","modified_gmt":"2025-11-04T07:03:29","slug":"crypto-vc-fund-performance-criticized-maelstrom","status":"publish","type":"post","link":"https:\/\/www.coinspeaker.com\/jp\/crypto-vc-fund-performance-criticized-maelstrom\/","title":{"rendered":"\u30a2\u30fc\u30b5\u30fc\u30fb\u30d8\u30a4\u30ba\u306e\u30e1\u30a4\u30eb\u30b9\u30c8\u30ed\u30fc\u30e0\u3001\u30d1\u30f3\u30c6\u30e9\u306e\u904b\u7528\u6210\u7e3e\u6279\u5224"},"content":{"rendered":"
BitMEX\u5275\u8a2d\u8005\u30a2\u30fc\u30b5\u30fc\u30fb\u30d8\u30a4\u30ba\u6c0f\u306e\u30d5\u30a1\u30df\u30ea\u30fc\u30aa\u30d5\u30a3\u30b9\u3067\u3042\u308b\u30e1\u30a4\u30eb\u30b9\u30c8\u30ed\u30fc\u30e0\u306e\u5171\u540c\u5275\u8a2d\u8005\u30a2\u30af\u30b7\u30e3\u30c3\u30c8\u30fb\u30f4\u30a1\u30a4\u30c7\u30a3\u30a2\u6c0f\u306f3\u65e5\u3001\u30d1\u30f3\u30c6\u30e9\u30fb\u30ad\u30e3\u30d4\u30bf\u30eb\u306e\u904b\u7528\u5b9f\u7e3e\u3092\u516c\u306b\u6279\u5224\u3057\u305f<\/a>\u3002<\/p>\n \u30f4\u30a1\u30a4\u30c7\u30a3\u30a2\u6c0f\u306fSNS\u3078\u306e\u6295\u7a3f\u3067\u30014\u5e74\u524d\u306b\u30d1\u30f3\u30c6\u30e9\u30fb\u30a2\u30fc\u30ea\u30fc\u30b9\u30c6\u30fc\u30b8\u30fb\u30c8\u30fc\u30af\u30f3\u30fb\u30d5\u30a1\u30f3\u30c9\u3078\u62e0\u51fa\u3057\u305f10\u4e07\u30c9\u30eb\u304c\u30015\u4e076000\u30c9\u30eb\u307e\u3067\u6e1b\u5c11\u3057\u305f\u3053\u3068\u3092\u660e\u3089\u304b\u306b\u3057\u305f\u3002\u3053\u308c\u306f44%\u306e\u640d\u5931\u306b\u76f8\u5f53\u3059\u308b\u3002<\/p>\n \u540c\u6c0f\u306f\u300c\u79c1\u306e10\u4e07\u30c9\u30eb\u306f\u3001\u3053\u306e\u30d5\u30a1\u30f3\u30c9\u306b\u3088\u3063\u30664\u5e74\u30675\u4e076000\u30c9\u30eb\u306b\u84b8\u767a\u3057\u305f\u300d\u3068\u8ff0\u3079\u3001\u5e743%\u306e\u7ba1\u7406\u624b\u6570\u6599\u306830%\u306e\u6210\u529f\u5831\u916c\u304c\u30ea\u30bf\u30fc\u30f3\u3092\u5927\u5e45\u306b\u4fb5\u98df\u3057\u305f\u3068\u4e3b\u5f35\u3057\u3066\u3044\u308b\u3002<\/p>\n \u3055\u3089\u306b\u3001\u591a\u304f\u306e\u521d\u671f\u6bb5\u968e\u306e\u30d7\u30ed\u30b8\u30a7\u30af\u30c8\u304c\u540c\u671f\u9593\u306b20\u500d\u304b\u308975\u500d\u306e\u30ea\u30bf\u30fc\u30f3\u3092\u9054\u6210\u3057\u305f\u4e8b\u5b9f\u3092\u6319\u3052\u3001\u30d1\u30f3\u30c6\u30e9\u30fb\u30ad\u30e3\u30d4\u30bf\u30eb\u306e\u30d5\u30a1\u30f3\u30c9\u304c\u30de\u30a4\u30ca\u30b9\u306e\u5b9f\u7e3e\u3067\u3042\u3063\u305f\u3053\u3068\u3068\u5bfe\u6bd4\u3055\u305b\u305f\u3002<\/p>\n \u300c\u3053\u306e4\u5e74\u9593\u3067\u30d3\u30c3\u30c8\u30b3\u30a4\u30f3\u306f2\u500d\u306b\u306a\u308a\u3001\u591a\u304f\u306e\u30b7\u30fc\u30c9\u6848\u4ef6\u306f20\u500d\u304b\u308975\u500d\u306b\u306a\u3063\u305f\u3002\u305d\u308c\u3067\u3082\u3053\u306e\u30d5\u30a1\u30f3\u30c9\u306f\u624b\u6570\u6599\u3092\u8ab2\u3057\u3066\u51fa\u8cc7\u8005\u306e\u8cc7\u672c\u306e\u534a\u5206\u3092\u6d88\u3057\u53bb\u3063\u305f\u300d\u3068\u53b3\u3057\u304f\u6307\u6458\u3057\u3066\u3044\u308b\u3002<\/p>\n Crypto VC Funds: How LPs Get Rekt<\/p>\n My $100K, vaporized into $56K within 4 years (3% mgmt + 30% carry) by this Early-Stage Token Fund<\/p>\n During those 4 years, BTC 2x\u2019d and numerous seed deals did 20-75x. Yet this fund charged fees to erase half of LP capital. [Vintage matters, sure,\u2026 https:\/\/t.co\/NgLBhxa9AS<\/a> pic.twitter.com\/2R4KJrJyR8<\/a><\/p>\n — Akshat_Maelstrom (@akshat_hk) November 3, 2025<\/a><\/p><\/blockquote>\n\n