Pump.fun co-founder: It took 9 failed startups before Pump.fun succeeded; a certain exchange is a failed company

According to a report by Jinse Finance, in an interview video with Delphi Digital, Pump.fun co-founder Noah (@sapijiju) shared his entrepreneurial experience, stating that the team went through eight or nine failed attempts before successfully launching Pump Fun. Noah revealed that the team had previously tried multiple projects, including an NFT launch platform, NFT automated market maker (AMM), a tokenization model for content creator financing, a revenue-sharing mechanism for crypto auditors, and a fork of FriendTech, but all ended in failure. Due to a lack of substantial funding support, the team could only continue experimenting with the help of a few angel investors. "It wasn't until the ninth time that we successfully 'hit' the market with Pump," the co-founder said. He pointed out that Pump Fun is actually the result of integrating elements from all their previous failed products. In addition, the co-founder expressed critical views on the current state of the crypto industry, believing that there are still no truly successful crypto companies, and referred to a certain exchange as a failed company, stating that its founder Brian Armstrong's only contribution was to productize the bitcoin wallet.