I Consulted Over 50 Crypto Projects — Almost All of Them Do Not Know What They’re Doing.

Takeaway: A successful, scalable project should have an obvious problem and a robust solution, regardless of whether it is in the crypto industry.

The deadline for YC S24 is tomorrow. Here's why you SHOULD NOT APPLY TO YC: YC seems like a reasonable proposition. They give you some money to help start your business, and they promise you access to a community of people that can help you along the way. In exchange, they don't ask for much. The standard YC deal is $500K for 7% equity. That doesn... See more

Mental Models
1) First Principles Thinking Take the time to learn the basics of any concept that you start to learn to deconstruct any complex problem into simpler subparts and build your understanding from the ground up. 2) Feedback Loops Reinforcing loops are of two types, positive and negative. As the name suggests, positive feedback loops posit... See more

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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While many will try to supplement knowledge gaps with crypto-native VCs/advisors who tout they can handle the tokenomics, in reality, the one-in-a-million game is going to be a result of crypto-natives working hand-in-hand with experienced game developers/economists to take a “player first” approach to solve difficult design problems.

9. There is a lot of noise in crypto, and founders often forget that their purpose is to build a great product for people. Some founders have lost their way when it comes to tokens, and token economics has become an important topic for many founders. But I don't think there is a real valid token economics, we are still at the stage where token econ... See more