Prominent Investor Naval: Most crypto projects will fail because the founding team gets rich too early

BlockBeats News, November 4th, prominent investor Naval Ravikant posted on X stating: Most crypto projects will fail because the founding team gets rich too early, and you can't recruit new members. In response to this, Multicoin founder Kyle commented, saying that yes, the best founders are not purely financially driven.

Naval Ravikant is a well-known angel investor in Silicon Valley, having invested in tech giants like Twitter, Uber, and also a successful entrepreneur himself, having founded the equity crowdfunding platform AngelList.