Naval, the founder of AngelList and a renowned investor, stated that the primary reason most crypto projects fail is that the founding team acquires wealth too early, leading to a lack of sustained motivation for the project. This issue cannot be resolved merely by hiring new talent.

PANews, November 4 – Naval, the founder of AngelList and a well-known investor, stated on Twitter that the main reason most crypto projects fail is that the founding teams acquire wealth too early, resulting in a lack of sustained motivation for the projects. This issue cannot be resolved simply by hiring new talent.

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

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