According to ChainCatcher, Nick Tomaino, the founder of 1confirmation, posted on X platform stating, "There is a negative correlation between the hype in the seed round stage and project success. Participating in a popular financing round is indeed exciting: high financing amounts, intense competition, notable investors, and extensive media coverage. However, participating in such 'hot projects' before clear product-market fit rarely leads to truly outstanding results. In 1confirmation, some of the most 'popular' projects we invested in turned out to be our worst investments. There are several reasons for this:
- Creating market hype is a skill, but it is completely different from the ability to build a useful product.
- Founders who are crowned too early tend to feel they have already succeeded, thus losing their 'killer' instinct.
- Excessive financing often leads to distraction and lack of focus.
I will choose founders who are focused and responsible, rather than respected founders who are constantly busy working."
