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

CZ posted that he'd noticed a buzz on social media regarding Hyperliquid co-founder Jeff appearing in a 2018 Binance Labs photo. Many people may not know that Jeff was a member of the first incubation program at YZi Labs (then Binance Labs) in 2018. Unfortunately, the project failed, and YZi Labs lost all its investment, a common occurrence in the venture capital world. He and Jeff didn't interact much at the time and had long forgotten about the incident. He had planned to speak with Jeff by phone a few months ago, but a scheduling error delayed it, and he hasn't been able to reschedule since. CZ concluded by expressing his support for all builders, no matter what.