1Confirmation Founder: There is a negative correlation between Seed Round Hype and Project Product Success

BlockBeats News, April 29th, Founder of 1confirmation Nick Tomaino posted on X, stating, "There is a negative correlation between the hype of the seed round and the success of the project. Participating in a hot funding round is indeed exciting: a high funding amount, intense competition, well-known investors, extensive media coverage, etc. However, rarely does participating in such 'hot projects' before the product-market fit is clear lead to truly outstanding results. Some of the most 'hyped' projects we have invested in at 1confirmation have actually performed the worst. There are several reasons for this:

· Creating market hype is a skill, but this is entirely 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 funding often leads to distractions and a lack of focus.

I would choose founders who are focused and accountable rather than founders who are busy all day but respected."