Svmuu News YZi l Labs head Ella Zhang posted on X, stating that YZi l Labs invests extensively in Web3, AI, and Biotech fields, with the majority of investments being in equity rather than token form. For portfolio companies that have not yet found product-market fit (PMF), it is recommended that founders should persistently focus on PMF rather than rushing to issue tokens. Premature token issuance often becomes a distraction and a burden, and in the absence of sustainable utility, token value will disappear.