Was curious if this was true and looks like it Among projects that reached some pmf (>10m in tvl or >1m/mo in fees), those that launched a token were +50% more likely to die compared to those that didn't launch a token

The number is probably much higher when you include projects that had a token with high mcap but never generated any fees and then died, like eliza or tons of others But I don't have data on companies that started but then failed to launch (never listed them), so can't really crunch those numbers Still, I think if you included everything, the rate would go up, meaning that launching a token leads to way higher long term mortality