Naval: Most crypto projects will fail because the founding team becomes wealthy too early.

According to Deep Tide TechFlow, on November 4th, renowned investor Naval tweeted on X stating that most crypto projects will fail because the founding teams become wealthy too early, and this issue cannot be resolved by hiring new talent. In response, Kyle, the founder of Multicoin, commented that the best founders are not solely driven by financial incentives. It is reported that Naval is a well-known angel investor in Silicon Valley, having invested in famous tech companies such as Twitter and Uber. He is also a successful entrepreneur, having founded the equity crowdfunding platform AngelList.