Common pitfalls for Web3 founders

Generally speaking the goal for you as the protocol owner should be to get your tokens into the hands of the right people (who will use your application and have a high CLV) – those that truly believe in your protocol. If they are not in the hands of users who truly believe in your team or product, they will probably claim and dump them (i.e. findi... See more

6. Don’t start out with a DAO. A lot of our internal governance/decisions or interactions between members is not what you usually see, and I think community governance is extremely inefficient and makes no sense for most products. I think DAOs only make sense for a few small categories of products.

The earliest stage of building a crypto application requires all the ingredients of a normal startup: a great team, lean development, tight execution, and quick learning. During this phase, the only thing that matters is product/market fit. To move fast toward finding it, it’s important to avoid design by committee (or community!) A product n

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28 principles for Web 3 founders. Insights distilled from 100s of conversations & investments in crypto in the past 4 years.