Pump.fun Lianchuang: After 9 entrepreneurial failures, Pump.fun, Coinbase is a failed company

According to DelphiDigital interview video, Pump.fun co-founder Noah (@sapijiju) said when sharing his entrepreneurial experience that the team had experienced eight or nine failed attempts before successfully launching PumpFun. Noah revealed that the team has tried several projects before, including NFT launch platform, NFT automatic market makers (AMM), content creator financing tokenization model, crypto auditor revenue sharing mechanism, and forking FriendTech, but all ended in failure. Due to the lack of large-scale financing support, the team can only rely on the funding of a few angel investors to continue trying. "It was not until the ninth time that we successfully hit the market with Pump," the co-founder said. He pointed out that PumpFun is actually the result of integrating elements of all the failed products in the past. In addition, the co-founder expressed critical views on the current situation of the crypto industry, believing that there are no truly successful crypto companies, and calling Coinbase a failed company, believing that its founder Brian Armstrong's contribution is simply to productize Bitcoin wallets.