🔥Hyperliquid founder previously rejected a $1 billion valuation funding proposal, insisting on a "zero external investment" approach

According to Colossus, Hyperliquid founder Jeffrey Yan received an investment intention based on an approximately $1 billion valuation and about $100 million in scale less than a year after the project launched, but ultimately chose to decline. The report shows that before and after the funding proposal, the team had been continuously using the founder's personal funds to maintain operations, covering the project's costs each month. After communicating with several entrepreneurs and VCs, Jeffrey Yan was not convinced that external capital could enhance its intrinsic value. He clearly informed the team on Monday to reject the funding plan. Internal sources describe that the team members managing funds were shocked by this decision, as many preparatory steps had already been advanced...
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