E162: CoinGecko CEO: The Truth About Getting Rich in Crypto (you won't like it)

Bobby Ong is the co-founder and CEO of CoinGecko, the crypto data platform he bootstrapped with $200 over 12 years - no VC money, no shortcuts.In this episode, Bobby reveals why most crypto founders are destined to fail, how he caught employees taking bribes for listings, and what it really takes to survive in an industry designed to destroy you.THE SHIFT NEWSLETTER💡Go beyond the mic - subscribe to The Shift, my new weekly newsletter where I share the uncut stories, raw takes, and behind-the-scenes notes from When Shift Happens: https://www.kevinfollonier.com/crypto-web3-newsletter___________PARTNERS🚀 Jupiter is the most used Decentralized Exchange in Crypto and the largest DEX by volume on Solana: https://jup.ag/💳 KAST lets you manage and spend stablecoins or crypto with a Visa Card or Apple Pay. Live in 100+ countries: https://go.kast.xyz/VqVO/SHIFT🔓 Trezor offers the safest cold-storage wallets for crypto and true financial independence. Buy with 10% off (promo code in video): https://trezor.io/?transaction_id=102...🌱 Bitwise Asset Management manages $15B+ across 30+ crypto investment products — ETFs, index funds, alpha, staking, and more. https://bitwiseinvestments.com/🔒Sumsub is the leading full-cycle verification platform for the crypto industry, chosen by 8 out of 10 of the world’s largest exchanges. From instant KYC and KYB to automated crypto transaction monitoring, they help VASPs, exchanges, and DeFi platforms prevent fraud, stay compliant, and scale globally. https://sumsub.com/💧 Sui is a next-gen Layer 1 making digital asset ownership fast, private, and secure. https://sui.io/♾️ Coinsilium provides vital funding and expert advice to Web3 and AI-powered early-stage technology companies. https://www.coinsilium.com___________FOLLOW BOBBY ONG• Twitter: https://x.com/bobbyong• Twitter: https://x.com/coingecko• Website: https://www.coingecko.com/FOLLOW WHEN SHIFT HAPPENSTwitter (X): https://x.com/KevinWSHPod  Instagram:  https://www.instagram.com/kevinfollonier_ TikTok: https://www.tiktok.com/@kevinfollonier_Linkedin: https://www.linkedin.com/in/kevinfollonier/Website: https://kevinfollonier.com/DISCLAIMERThe info contained herein is for informational purposes only. Nothing herein shall be construed to be financial, legal, or tax advice. The content of this video is solely the opinions of the speakers who are not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speakers do not guarantee any particular outcome.0:00 Intro1:40 Please Subscribe2:06 Kevin’s Transition Into When Shift Happens4:36 Who Is Bobby Ong?5:34 The Decision Process Around Switching CEOs7:27 What Attracted Bobby To Bitcoin In 201313:36 Partnerships: @JupiterExchange @KASTxyz @sumsub14:47 Where Bobby’s Fire In The Belly Comes From16:26 Where This Risk Taking Attitude Comes From18:37 The Tech Guys Bobby Was Following To Learn About Crypto20:13 How Do You Explain Your Co-Founder Sticking Around 12 Years Later22:45 Where Do You Think Good Values Vibe From?23:59 What’s The Deal With Pudgy Penguins25:05 Bobby’s View On NFTs In 202627:14 Who Would Be The Future Winners On Asset Appreciation29:15 What Did The First $200 CoinGecko Look Like30:26 Partnerships: @Trezor @BitwiseInvest @SuiNetwork31:23 History Of Bobby’s Work While Building CoinGecko33:03 Short Term vs Long Term Thinking In Crypto Discussion 35:12 2017 You Went All In On CoinGecko36:22 Four Year Bitcoin Cycle & Surviving50:16 Explain CoinGecko To Your Mom50:45 Why Is CoinGecko Called CoinGecko1:26:44 Is #1 CoinMarketCap Not Playing The Trust Game1:27:13 How Does A User Decide Between Coin Market Gap & CoinGecko1:28:51 Where Does CoinMarketCap Excel1:30:00 Why Didn’t Zash The Company You Acquired Work Out1:35:31 Red Flags In Acquisitions Founders Miss1:39:10 Best Moment To Sell1:40:10 Closing Thoughts