The wave of fundraising is coming. Recently, a surge of project teams are competing to raise funds, each claiming to be the next big project, with funding amounts starting from millions. But there's a detail worth noting—many of these founders suffered heavy losses in the market crash last October and were caught in deep. Now they are quickly raising large sums again, and the pace is indeed a bit fast. The market is seeing an endless stream of fundraising methods such as ICOs, pre-sales, and angel rounds. I have never seen such a dense period of fundraising. Investors need to stay alert, see through the true situation behind these projects, and not be blinded by attractive stories.