A former general partner at a crypto venture capital firm has disclosed substantial financial losses and insights from three years of investing. The individual reported making 55 investments, with 27 resulting in losses and 15 becoming worthless. NFT and GameFi projects were notably impacted by rug pulls and underperformance. Additionally, challenges in infrastructure projects and difficulties in exiting investments during market downturns were highlighted. This account serves as a cautionary tale on the risks and evolving dynamics of crypto VC investing.