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BlockBeats news, on September 24th, Placeholder partner Chris Burniske stated on social media, "Regarding doubts about venture capital (VC): There are many high-quality VCs in the crypto field, and their activity on X is relatively low. High quality VCs allow entrepreneurs to innovate without debt or innate wealth. If good decisions come from background, ability, or experience, then high-quality VCs often help entrepreneurs improve at least one of these aspects. High quality venture capital is often smeared by "pseudo venture capital" who only want to enter the private equity market and accelerate liquidity. They do not provide any support, but only aim to extract maximum profits. It is important not to confuse these two. Fake venture capitalists are not respected by entrepreneurs and often find it difficult to establish institutions with lasting influence because the value they provide is zero or even negative, a situation that is passed down through word of mouth. However, the problem is that the public on X often cannot distinguish the difference between the two in a timely manner, especially when many fake venture capitalists start as opinion leaders (KOLs), use their audience to raise small funds, and then engage in some operations that are considered "venture capital behavior", which I classify as "short-term, fake venture capital behavior". Blaming venture capital is a common rhetoric, but it reveals the public's ignorance of high-quality venture capital and its limitations, which is often instigated by those who intentionally mislead the audience