Uber Angel Investor: ‘99% of Crypto Projects Are Garbage’

Cointelegraph

Published Jun 29, 2020 12:36AM ET

Updated Jun 29, 2020 02:20AM ET

Prominent angel investor and internet entrepreneur Jason Calacanis says 99% of altcoin projects are “gabage” run by unqualified individuals, but holds out hope for the 1% with the power to change the world.

According to a Tweet posted on June 27 by the angel investor behind ridesharing app Uber (NYSE:UBER) and crypto trading app Robinhood, nearly all of the crypto projects around the world are under the control of “unqualified idiots” or “grifters” with below-average skills:

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