Mila Superstar

[No points 4-6)

In web3 the product experience, such as features and perceptible user experience, doesn’t actually matter as much to the success of the project relative to the token incentives (Staking and AMMs), trading pairs (DEX), artwork (NFTs), network design (L1s/L2s), transaction speed (L1s/L2s), security (L1s/L2s), or other attributes.

 CREATING THE SYSTEMS AND PROCESSES

During the “validate” stage, it’s common for a product manager or marketer to own the process. The decision to commit to a lane is a whole-company decision which ultimately has to be made by the CEO, so this owner’s key job is to tee up the right information to allow the executive team to make well-informed decisions.

Everything is open source and composable in web3, preventing incumbency/market domination.

odds are money isn’t the most important form of currency. Reputation and social capital will be an important unit of currency almost everywhere; people trade favours and stake their reputations when they want to get things done.

During the “commit” stage, the effort will quickly become significantly more complex and begin involving multiple teams. However it is still useful to have one person who is ultimately accountable for the success of the initiative and holds all of the moving pieces in their head. This is often a senior marketing or product person.

1. Engineers have become inefficient: The engineering team has grown too large to prioritize and self-coordinate projects; a PM adds efficiency (e.g. multiple Layer 1 protocols and EVM solutions). 2. The product experience is complex or critical to traction: The product suite is large and the UX is complex/consumer-facing, as in gaming (e.g. t... See more

As a PM, you have to consider these matters far more directly than in most web2 organizations, where legal is more secondary at this point. You liaise with counsel to understand a fragmented and undefined legal environment, unlike today in web2, where most legal matters have been settled and product counsels are there to enable but not guide busine... See more