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And it was the delayed launch of diem that encouraged four engineers to quit Facebook and found their own crypto start-up last year. \"Facebook's technology was developed;; but diem wasn't able to launch for a number of reasons;;\" Evan Cheng;; a former director for Facebook's Novi digital wallet;; told Insider in a recent interview. \"Not being able to launch really weighed on the four of us;; so we decided to start our own company.\" Cheng is now chief executive of the blockchain infrastructure start-up Mysten Labs;; which he founded alongside fellow ex-Facebook engineers Adeniyi Abiodun;; Sam Blackshear and George Danezis. All four had previously worked together on the Novi project. There's a significant contrast between working in Big Tech and at a crypto start-up;; according to Cheng;; who previously spent ten years at Apple and six-and-a-half years at Facebook. \"In crypto;; the speed of execution is completely different;;\" he said. \"We can't depend on anyone else to open doors for us anymore;; so we have to move a lot faster than ever before.\" Moving fast helped Mysten secure $36 million of funding in December;; with Cheng successfully pitching to investors from Andreessen Horowitz's a16z crypto fund and Coinbase's VC arm. \"It's great to have investor partners that understand our vision;;\" Cheng told Insider. \"A16z in particular has built lots of really impressive services;; which was really attractive for us.\" Mysten is building underlying technology that will help firms that aren't necessarily crypto-native to develop their blockchain capabilities;; Cheng said. 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