Svmuu News Hyperliquid founder Jeff Yan and his team members recently gave an exclusive feature interview to Colossos magazine.
In the interview, Jeff revealed that in January 2024, they had engaged with potential investors. At that time, Jeff's condition was "only considering investment terms with a valuation reaching $1 billion." When an investor accepted this valuation, Jeff spent a weekend seriously contemplating but ultimately decided to reject it.
Including Hyperliquid's other co-founder iliensinc (responsible for managing funds) and other team members found it difficult to accept at the time. iliensinc had already been in fundraising discussions with the investors for two weeks prior. When Jeff called that fund, the other party also couldn't believe it, thinking he had just accepted terms from another institution.
Jeff gave an analogy in response: "Hyperliquid is not a company, but a protocol. 'Neutrality' has been a core philosophy from the very beginning. If Bitcoin had taken venture capital funding back in the day, it wouldn't have become the Bitcoin it is today; its entire value proposition would have been destroyed."
For more details, please refer to 「Jeff Yan's "Hyper Life"」.