Solana Founder Reflects on Humble Beginnings as SOL Soars 312%

Recently, Anatoly Yakovenko, one of the co-founders of Solana, took to X (formerly Twitter) to reflect on the journey that led to the creation of Solana, a crypto project that has now grown to a valuation exceeding $30 billion.

In the post on X (formerly Twitter), Yakovenko remarked that December 9 marks exactly six years since he embarked on the journey to secure funding for what would later evolve into Solana (SOL).

He revealed engaging in conversations with every contact in his network. He claimed to have attended numerous startup and crypto meetups and made a concerted effort to connect with as many individuals as possible.

Meanwhile, Yakovenko highlighted the challenges he faced in raising sufficient funds for Solana’s development during the early days. He mentioned that he approached the individuals he spoke to with conditional angel investment, contingent upon securing a lead investor, where they were uninterested in taking the lead.

Almost exactly 6 years ago I started the process to raise for what eventually became @solana. I talked to every connection I had, went to every startup and crypto meetup and tried to get in front of everyone that I possibly could.

Even if they didn’t want to lead I would ask…

— toly 🇺🇸 (@aeyakovenko) December 9, 2023

Furthermore, the Solana visionary highlighted that, amid his efforts, it took him over two months to accumulate $500K in angel investments after delivering hundreds of pitches. Yakovenko noted that many venture capitalists were skeptical about making financial commitments at the time as they believed that the alternative Layer 1 thesis had already reached saturation.

Notably, Yakovenko’s reminiscent of Solana’s humble beginnings comes amid the SOL’s recent shocking performance in the crypto market. Specifically, SOL has experienced an astounding 312% growth over the last 90 days, soaring from $18.3676 to an impressive $75.664. This bullish surge has captivated the crypto community as Solana continues to defy expectations and attract significant attention.

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