According to Bloomberg, Alexander Lin, co-founder of Reforge, believes that the reason many highly anticipated new cryptocurrencies failed this year is due to improper incentives for capital allocators. These incentives push them to launch tokens within a year to realize returns. Lin pointed out that many investors do not understand the latency requirements of distributed nodes, nor do they understand the feasibility of the projects they invest in. Lin and co-founder Carl Hua hope to change this through the Reforge fund. They plan to raise $80 million and have already received $25 million. Lin said they will look for technologies that make it easier for founders and developers to participate in blockchain.