Naval Highlights Challenges in Crypto Projects

According to BlockBeats, on November 4, renowned investor Naval shared his views on X, stating that most crypto projects are likely to fail because founding teams become wealthy too early, making it difficult to recruit new members. In response, Multicoin founder Kyle commented, agreeing that the best founders are not entirely driven by financial incentives. Naval is a well-known angel investor in Silicon Valley, having invested in prominent tech companies such as Twitter and Uber. He is also a successful entrepreneur, having founded the equity crowdfunding platform AngelList.