Most web3 startups won't be here in the next 3 years.
They will die because they focus on the wrong things.
Here's what they need to do in order to thrive:
They will die because they focus on the wrong things.
Here's what they need to do in order to thrive:
* Build something people want
* Do things that don't scale
* Find the 90 / 10 solution
* Find 10-100 customers who love your product
* All web3 projects are badly broken at some point
* Write code - talk to users
* Growth is the result of a great product not the precursor
* Do things that don't scale
* Find the 90 / 10 solution
* Find 10-100 customers who love your product
* All web3 projects are badly broken at some point
* Write code - talk to users
* Growth is the result of a great product not the precursor
* Donβt scale your product until you have built something people want
* Valuation or TLV is not equal to success or even probability of success
* Avoid long negotiated deals with big customers if you can
* Avoid big company corporate development queries. They will only waste time
* Valuation or TLV is not equal to success or even probability of success
* Avoid long negotiated deals with big customers if you can
* Avoid big company corporate development queries. They will only waste time
* Avoid conferences unless they are the best way to get customers
* Pre-product market fit - do things that donβt scale: remain small/nimble
* Startups can only solve one problem well at any given time
* Founder relationships matter more than you think
* Pre-product market fit - do things that donβt scale: remain small/nimble
* Startups can only solve one problem well at any given time
* Founder relationships matter more than you think
* Sometimes you need to fire your customers (they might be killing you)
* Ignore your competitors, you will more likely die of suicide than murder
* Most web3 projects don't die because they run out of money
* A lack of focus will kill you
* Ignore your competitors, you will more likely die of suicide than murder
* Most web3 projects don't die because they run out of money
* A lack of focus will kill you
* Don't worry about when to raise money, worry about whether you need to
* Don't raise too much money, it will kill you
* Being a great CEO is mostly about making the people around you great
* Don't try to do everything yourself, you will fail
* Don't raise too much money, it will kill you
* Being a great CEO is mostly about making the people around you great
* Don't try to do everything yourself, you will fail
* Hire people who are better than you, and LISTEN to them
* Focus on building a great product not a crypto project
* Don't put your creatives in managements shoes and vice versa
Curated from @crew3xyz and my own experience
* Focus on building a great product not a crypto project
* Don't put your creatives in managements shoes and vice versa
Curated from @crew3xyz and my own experience
If you liked this thread, go to the first tweet and RT it so other crypto founders avoid these mistakes
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