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Startup failures are often not due to a lack of strength in people, but in two areas: first, limited thinking, and second, incorrect fundraising strategies.
Greg Carson, Managing Partner of Humla Ventures, discovered this pattern while analyzing cases of startup failure. He believes that many teams are actually capable but are hindered by self-imposed limitations and incorrect fundraising rhythms. This has inspired many Web3 entrepreneurs to reevaluate their fundraising approach—rather than blindly chasing trends, it's better to first align your mindset and strategy.