1confirmation founder: There is a negative correlation between the enthusiasm in the seed round stage and the success of the project

ChainCatcher message, Nick Tomaino, founder of 1confirmation, stated on platform X, "There is a negative correlation between the hype of the seed round stage and the success of the project. Participating in a hot funding round is indeed exciting: high funding amounts, intense competition, well-known investors, extensive media coverage, etc. However, participating in such 'hot projects' before product-market fit is clear rarely leads to truly outstanding results. Some of the most 'hyped' projects we invested in at 1confirmation turned out to be the worst investments. There are a few reasons for this:

• Creating market hype is a skill, but it is completely different from the ability to build useful products.
• Founders who are 'crowned' too early may feel they have already succeeded, thus losing their 'killer' instinct.
• Over-funding often leads to distraction and lack of focus.

I would choose focused and accountable founders over respected founders who are busy all day."