According to online reports, investor Nawal wrote on X: Most crypto projects fail because the founding team gets rich too early and you cannot recruit new members. In response, Multicoin founder Kyle commented that yes, the best founders are not entirely driven by finance. It is reported that Nawar is a well-known angel investor in Silicon Valley who has invested in well-known technology companies such as Twitter and Uber. He is also a successful entrepreneur and founded the equity crowdfunding platform AngelList.