TechFlow news, September 15 — According to an interview video by Delphi Digital, Noah (@sapijiju), co-founder of Pump.fun, shared that his team had experienced eight or nine failed attempts before successfully launching Pump.fun.
Noah revealed that the team had previously attempted multiple projects, including an NFT launch platform, an NFT automated market maker (AMM), a tokenized funding model for content creators, a revenue-sharing mechanism for crypto auditors, and a fork of FriendTech, all of which ultimately failed. Due to lack of significant funding, the team could only continue iterating with support from a small number of angel investors.
"It wasn't until the ninth attempt that we finally 'hit' product-market fit with Pump," said the co-founder. He noted that Pump.fun was essentially the result of integrating elements from all their previous failed products.
Additionally, the co-founder voiced criticism toward the current state of the crypto industry, stating that there are still no truly successful crypto companies today, calling Coinbase a failed company and suggesting its founder Brian Armstrong's main contribution was merely productizing a Bitcoin wallet.
