AD88

There are very few PMs who are Great (and I am not one of them. At least yet.) Because the difference between Good and Great is HUUUUGE. It's not that Good PMs don't do the right things. It is just that the Great PMs do the right things consistently.

Every company faces some version of the “cold start problem”: How do you get started from nothing? How do you acquire customers? How do you create network effects — where your product or service becomes more valuable to its users as more people use it — that create incentives for even more customers to sign up?

proven business models in crypto so far: process a ton of txs and charge a tx fee: chains, exchanges grow a big tvl and take an annual cut: stablecoin, lending, custodians think that’s basically it. everything else is either early or a ponzi

Product strategy is the process of defining what you want to achieve and how you plan to get there.

some agreements & disagreements re: vitalik’s post