Novogratz says most companies take years to prosper, crypto unicorns still on the horizon
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Galaxy Digital founder and CEO Mike Novogratz said everyone wants to be the next unicorn, but companies take time to grow, referencing Peloton as an example.
On the next episode of The Scoop, Novogratz said it takes most companies years to reach their potential, meaning much is still to come for the crypto space, which he says only really took off in 2016.
"It takes a long time to grow great businesses, even the home-run unicorns," he said. "We [Galaxy] are not even 18 months old."
Subscribe to The Scoop to listen to the episode when it's published on Tuesday, Sept. 17.
AUTHOR
Aislinn Keely is a reporter on The Block's policy team holding down the legal beat. She covers court decisions, bankruptcies, regulatory actions and other key moments in the legal sphere, putting them in context for the wider crypto industry. Before The Block, she lent her voice to the NPR affiliate WFUV and helmed Fordham University's student newspaper. Send tips or thoughts on all things policy and legal to [email protected] or follow her on Twitter for updates @AislinnKeely.
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