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Don't blame the holders. Seriously.
Blame the team. Every single time.
When a project struggles, it's not the community's fault for expecting delivery. It's management's inability to execute. Period.
Here's the thing: watch for projects where the founders start complaining about their own community. That's your signal. When leadership can't own their failures and starts pointing fingers at supporters, you're witnessing a skill gap in real time.
The market rewards execution and punishes excuses. Always has.
I've worked with plenty of teams. The ones that survive are the ones that never blame external factors. They solve problems, adapt, and ship.
If they can't? That's not bad luck. That's a performance issue.
Game theory 101: survival belongs to those who execute.