On August 22nd, Nick Tomaino, the founder of 1confirmation, said in a post on X that one of the most unexpected developments since 1confirmation's inception is that there is a negative correlation between the size of the initial financing and the long-term success of the project in the early stage of the startup.
Founders often want to attract market attention by raising large sums of money, and investors are generally inclined to participate in certain deals for the same reasons. Nick adds that there are two main reasons for this contrast: one is that raising too much capital too early can cause distraction, and the team may hire too many people to try different areas; the second is that it may kill the motivation of the team, and the founder may lose the sense of urgency because he feels that he has succeeded.
1Confirmation Founders: In the early stages of a startup, there is a negative correlation between the size of the financing and the success of the project
2024-08-22 02:02:42
22 message 1confirmation founding nick tomaino post said 1confirmationdesk3cryptocurrencydesktopCrypto News
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