ArkStream Founding Partner: Discussed Investment with Li Bojie, but Later Found His Contract Very Amateurish, and He Hadn't Even Figured Out How to Unlock

Odaily Planet Daily reported that ArkStream Capital Founding Partner Ye Su posted on X: "Li Bojie also approached us during fundraising. At first, we thought the project's background was good and expressed interest. Later, during the due diligence stage, we found that Li Bojie intentionally confused interested funds with funds that had already invested. Moreover, the contract he sent was very amateurish, and the team hadn't even figured out how to unlock the tokens. One moment he replied, 'We'll decide later,' and the next, 'We can set a fixed one now.' So we decided to pass."

Ye Su also mentioned: "Having been in primary investing for 8 years, my deepest insight is that a founder's character has nothing to do with their talent. When founders are at a low point, they are all very humble during fundraising. But when they start to achieve something, that's when their true character is tested. Li Bojie is a typical example. He even dares to respond, showing that he is brazenly out to swindle money."