According to ChainCatcher, well-known investor Naval wrote on X: Most crypto projects fail because the founding team gets rich too early and you can't recruit new members. In response, Kyle, the founder of Muliticoin, commented that yes, the best founders are not entirely driven by finance.
Naval is a well-known angel investor in Silicon Valley. He has invested in well-known technology companies such as Twitter and Uber. He is also a successful entrepreneur and founded the equity crowdfunding platform AngelList. 💡
This conversation triggered a thought about the success factors of crypto projects. Does financial motivation really affect the long-term development of the team? 🤔
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