Founders are worried about losing to competitors who raised more money. In actuality I’ve only seen counter-examples:

Tensor beat magic Eden with 2 orders of mag less $.

Solana beat other L1s with 2 order of mag less.

Jupiter raised 0, all VCs passed.

Less money = more sense of urgency more chip on the shoulder.

Uh. Solana raised a ton of money. Not sure where your cherry picking your data from.

Sauce? When you say other alt l1s who are you talking about?

They almost died before launching. Raised far less money to get to the market. Got to the market before other alt l1s. And won.