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MainNewsEarly Riches...

Early Riches Doom Most Crypto Projects – Naval Ravikant


Nov, 04, 2024
< 1 min read
by Coin Edition
for CoinEdition
Naval Warns Early Wealth Hinders Long-Term Success in Crypto Projects
  • Naval notes early wealth hinders crypto founders’ ability to recruit and sustain growth.
  • Many crypto projects lack practical utility, challenging long-term user adoption and relevance.
  • Technical and marketing issues are major barriers to scalability and user engagement in crypto.

The crypto market keeps growing and changing. But, leading Silicon Valley investor Naval Ravikant says most crypto projects will fail. In a post on X (formerly Twitter), Naval said many crypto projects fail because founding teams get rich too quickly.

This early success can make it harder to attract new talent, which hurts a project’s chances for long-term success and innovation. Responding to Naval, Kyle Samani, founder of the venture capital firm Multicoin, said the best founders are driven by vision, not money.

Naval Ravikant is a big name in Silicon Valley. He has invested in major platforms like Twitter and Uber. He also founded AngelList, an equity crowdfunding platform that helped many successful startups.

Many crypto …

The post Early Riches Doom Most Crypto Projects – Naval Ravikant appeared first on Coin Edition.

Read the article at CoinEdition

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MainNewsEarly Riches...

Early Riches Doom Most Crypto Projects – Naval Ravikant


Nov, 04, 2024
< 1 min read
by Coin Edition
for CoinEdition
Naval Warns Early Wealth Hinders Long-Term Success in Crypto Projects
  • Naval notes early wealth hinders crypto founders’ ability to recruit and sustain growth.
  • Many crypto projects lack practical utility, challenging long-term user adoption and relevance.
  • Technical and marketing issues are major barriers to scalability and user engagement in crypto.

The crypto market keeps growing and changing. But, leading Silicon Valley investor Naval Ravikant says most crypto projects will fail. In a post on X (formerly Twitter), Naval said many crypto projects fail because founding teams get rich too quickly.

This early success can make it harder to attract new talent, which hurts a project’s chances for long-term success and innovation. Responding to Naval, Kyle Samani, founder of the venture capital firm Multicoin, said the best founders are driven by vision, not money.

Naval Ravikant is a big name in Silicon Valley. He has invested in major platforms like Twitter and Uber. He also founded AngelList, an equity crowdfunding platform that helped many successful startups.

Many crypto …

The post Early Riches Doom Most Crypto Projects – Naval Ravikant appeared first on Coin Edition.

Read the article at CoinEdition

Read More

Coinbase warns of potential new crypto winter as market signals turn bearish

Coinbase warns of potential new crypto winter as market signals turn bearish

The steep decline in crypto valuations and a breakdown of key technical indicators ma...
Apr, 17, 2025
3 min read
by CryptoSlate
SHIB Army Watches Closely: Descending Triangle Nears Apex

SHIB Army Watches Closely: Descending Triangle Nears Apex

Shiba Inu (SHIB) faces a critical phase on its weekly chart, forming a descending tri...
Apr, 17, 2025
< 1 min read
by CoinEdition