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

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2025-09-15 02:47:35
According to a Delphi Digital interview video, Pump.fun co-founder Noah (@sapijiju) shared his startup experience, saying that the team went through eight or nine failed attempts before successfully launching Pump Fun.
Noah revealed that the team has tried several projects before, including NFT launch platform, NFT automated market maker (AMM), content creator financing tokenization model, crypto auditor revenue sharing mechanism, and fork FriendTech, but all failed. Due to the lack of large financing support, the team can only rely on the funding of a few angel investors to continue to try.
"It wasn't until the ninth time that we managed to'hit 'the market with Pump," said the co-founder, who pointed out that Pump Fun was actually the result of integrating elements from all past failed products.
In addition, the co-founder expressed a critical view of the current state of the crypto industry, arguing that there are no truly successful crypto companies yet, and called Coinbase a failed company, arguing that its founder Brian Armstrong's contribution was simply to productize bitcoin wallets.
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