Alliance Founder: Crypto startups need to survive long enough to get lucky

ChainCatcher news, Web3 accelerator Alliance founder Qiao Wang pointed out in a tweet that the Pump and Fantasy teams seem to have quickly seized the opportunity on the surface, but in reality, they have spent years building and using crypto products and have become experts in their respective fields.

His advice is that cryptocurrency startups need to survive long enough to get lucky, and to do this, they need to avoid prematurely expanding their teams, avoid raising too much funding before achieving product-market fit, raise funds from angel investors before venture capital is ready to invest, and not give up on cryptocurrency during a bear market.