A recent analysis by Ada & Liam chronicles the journey of classical venture capitalists (VCs) in the Web3 space, highlighting their initial bets, peak investments, and eventual retreat. IDG Capital's early investment in Coinbase, which yielded returns estimated at over a thousandfold by the time Coinbase went public on Nasdaq in 2021, exemplifies the high stakes and potential rewards. However, by late 2018, the industry experienced a significant slowdown, with once-active discussion groups falling silent. The emergence of SBF as a "financial prodigy" captivated major classical VCs, igniting a global fear of missing out (FOMO) among investors. This narrative reflects the volatile nature of the Web3 investment landscape, where initial enthusiasm often gives way to caution and reevaluation.