Hyperliquid Founder: Why We Turned Down All Venture Capital? Jeff said Hyperliquid has been entirely self-funded and was not created for profit. He criticized traditional VC financing for creating an "illusion of progress" by inflating valuations, stressing that true progress comes when users gain real value. Hyperliquid's vision, he added, is to redefine finance and let the community—not capital—be the ultimate beneficiary. Source: