Investor Naval wrote on X: Most crypto projects fail because the founding team gets rich too early and you can't recruit new members. In response, Muliticoin founder Kyle commented that yes, the best founders are not entirely financially driven. It is reported that Naval is a well-known angel investor in Silicon Valley, having invested in well-known technology companies such as Twitter and Uber. He is also a successful entrepreneur who founded the equity crowdfunding platform AngelList.