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Naimi: Early liquidity was crypto's bug because rich founders stopped building

Ramtin Naimi · How This VC Went From Broke to Becoming the Hot Hand in Silicon Valley · Invest Like The Best · Jul 29, 2025 · at 1:59:58

Ramtin Naimi, founder of Abstract Ventures, explains why restricting early secondary liquidity helps maintain startup productivity.

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“Early liquidity was the bug and not the feature of crypto. People got rich too quickly and they stopped building things.”

quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →

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