CZ: HL co-founder Jeff was one of the members of the first incubation program of Binance Labs, but the project ended in failure at that time

ChainCatcher message, CZ posted that he noticed discussions on social media about "Hyperliquid co-founder Jeff appearing in a group photo released by Binance Labs in 2018." Many people may not know that Jeff was one of the members of the first incubation program of YZi Labs (which was then Binance Labs) in 2018. Unfortunately, the project ended in failure, and YZi Labs lost its investment, which is common in the venture capital circle. At that time, I had little contact with Jeff and had long forgotten about this matter. Originally, I was supposed to have a phone call with Jeff a few months ago, but I missed the opportunity due to a scheduling error, and since then, I haven't found a chance to reschedule.
CZ added that YZi Labs did not acquire and does not hold any investment rights in Hyperliquid (whether equity or tokens).