Naval: Most crypto projects fail because the founding teams get rich too early
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Naval: Most crypto projects fail because the founding teams get rich too early
Naval Ravikant, a well-known investor, posted on X: "Most crypto projects fail because the founding teams get rich too early, and this problem cannot be solved by hiring new talent." In response, Kyle, founder of Multicoin, commented: "Yes, the best founders aren't fully driven by finances."
Navigating Web3 tides with focused insightsTechFlow News, November 4 — Well-known investor Naval Ravikant posted on X stating: "Most crypto projects fail because the founding teams get rich too early, and this problem cannot be solved by hiring new talent." In response, Kyle, founder of Multicoin Capital, commented: "Yes, the best founders aren't fully driven by finances."
Naval Ravikant is a prominent Silicon Valley angel investor who has backed major tech companies such as Twitter and Uber. He is also a successful entrepreneur, having founded the equity crowdfunding platform AngelList.
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