What is the Business Model for a Web3 Company? — Precoil

Web3 Startups Need Business Models to SurviveI suggest a few steps to get you aspiring Web3 founders started:Before investing all of your money into a Web3 startup, sketch out your business model.Next, write down what would have to be true for it to work.Go out and test it.

I’ve found that many new Web3 companies focus on one or two of these aspects, but rarely all three:They create but can’t deliver or capture value.They create and deliver but can’t capture value.They capture value but don’t create or deliver.It isn’t entirely surprising, especially since I experienced many of these same growing pains during the firs... See more