1confirmation founder: There is a negative correlation between the popularity of the seed round and the success of the project product

Odaily Planet Daily News 1confirmation founder Nick Tomaino said on the X platform that the hype in the seed round is often negatively correlated with the ultimate success rate of the project. He pointed out that although it is exciting to participate in hot financing rounds (such as high financing, endorsement by well-known investment institutions, extensive media coverage, etc.), these "hot deals" before finding product-market fit rarely lead to major success. Tomaino listed several reasons, including: the skills required for hype ability and product practicality are different, founders who are "crowned" too early may lose their aggressiveness, and too much money may distract the team. He prefers founders who focus on products and have a challenger mentality.