TechFlow reports that Qiao Wang, founder of Web3 accelerator Alliance, pointed out on Twitter that while the Pump and Fantasy teams appear to have quickly seized opportunities, in reality, they spent years building and using crypto products, becoming experts in their respective fields.
His advice is that crypto startups need to survive long enough to get lucky, which requires avoiding premature team expansion, refraining from raising excessive funds before achieving product-market fit, securing funding from angel investors before venture capitalists are ready to invest, and not giving up on crypto during bear markets.
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