On April 29th, Nick Tomaino, the founder of 1confirmation, wrote on X that there is a negative correlation between the popularity of seed round projects and their success. Participating in a hot round is indeed exciting: high funding amounts, intense competition, big-name investors, and extensive media coverage. However, rarely does participating in such hot projects before the product-market fit is clear bring truly outstanding results. At 1confirmation, some of the most "popular" projects we have invested in have actually performed the worst.

There are several reasons: ·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 that they are already successful, thus losing their killer instinct. ·Excessive funding often leads to distractions and lack of focus. I would choose founders who are focused and responsible, rather than founders who are respected for working all day.