I was thinking why some well-to-do crypto projects die early, why their founders don't try to make it a great business instead of just letting their rising startups end dramatically? When I checked what experts believe, I got different possible views.
Founders getting Rich Quick
Investor Naval Ravikant claims that the founding team of crypto projects let the projects die because they got rich too early. However, I think this get rich quick and finish the project is only scam drama.
Missing the talent
Coinbase ETH whale Luke Youngblood agrees with Naval, but he thinks the founding team needs to keep hiring new talents to keep up with the project. I suppose Youngblood believes that a project will only die when founders don't want to keep it. However, Youngblood also thinks there is difficulty due to the SEC problem.
DYOR
After going to deep research, I got two points in which most of the investors believe:
1) Go with projects that are developed by rich founders because they already have plans.
2) Go with projects that are backed by a Bitcoin reserve and not a reserve of the founders' centralised token.
What do you think, which could be better?
