We know that with the arrival of a large number of AI tools, launching a project has become very simple, requiring only a small group of 1-3 people, and we can even see many individuals managing to create traditional projects with an ARR of 1M-10M on their own.

The significantly lowered barriers imply a shift in value orientation: moving towards self-sufficiency centered around ARR, where you only need to meet the PMF starting stage without requiring external financing.

We see many projects on Believe that were established just a week ago, and the teams have been allocated project funds of 500,000 to 1,000,000 USD. This money is used to hire teams to improve products and continue to expand market share, though it might also lead to personal enrichment; this is not the core issue. The core issue is that it provides startup teams with another type of cold-start platform.

It is important to note that 99% of projects will ultimately fail. On one hand, most projects still primarily engage in malicious activities; on the other hand, angel investing is inherently very challenging. Much of this may stem from our own lack of capability to discern projects, and we only view this track through the lens of survivor bias in hindsight.

In the on-chain capital market, incubators like Believe provide a concept: everyone has the opportunity to participate, relying on their own judgment, and investment equality.

#LAUNCHCOIN