Naval: Most crypto projects will fail because the founding teams become wealthy too early.

Wu reported that well-known investor Naval tweeted: "Most crypto projects will fail because the founding team becomes wealthy too early, and you cannot recruit new members." In response, Kyle, the founder of Multicoin, commented, "Yes, the best founders are not solely driven by financial incentives." Naval is a renowned angel investor in Silicon Valley, having invested in well-known tech companies such as Twitter and Uber. He is also a successful entrepreneur, having founded the equity crowdfunding platform AngelList.