Owner-operators vastly outperform

A study by Shulman showed that businesses that were founder-led outpaced the index by 7% annually.

Skin in the game creates an alignment with the management & shareholders.

Examples: LVMH & Berkshire

This theory applies in crypto as well. Vitalik is a genius mind but leaving Ethereum early for others to build is a bad decision. Top builder can stop ecosystem from going into useless ventures like meme coins.

Solana ecosystem is led by selected leaders and Anatoly calls the shots. This is clear distinction for success of Solana ecosystem in the recent past.