Another Layer1 bites the dust before launching its mainnet. The story of Linera highlights one thing: fundraising news isn’t a safety net—it’s the starting point of a countdown. Getting money from well-known institutions only means someone was willing to bet on you in the past; failing to meet the minimum threshold for a community round and not securing emergency funding means the market isn’t willing to keep you alive now. Retail investors are the easiest to be dazzled by terms like 'backed by a16z,' 'high-performance blockchain,' and 'next-gen architecture.' But projects don’t ultimately die because their pitch decks aren’t flashy enough—they die because they run out of money, users, and secondary market expectations. The bull market will revive many narratives, but it won’t resurrect every team that’s run out of cash flow.