This is partly why I find Lean Startup Evangelical Fundamentalism a little weird. Just in case you’re not familiar, “lean startup” is the meme-ified idea that entrepreneurs should build “Minimum Viable Products”, expending the least amount of resources to build the things that are most perfectly adapted to the ‘market fit.’
: Subscribers of a subreddit can collaborate their resources towards an economic goal, as we have seen in GameStop and AMC. But these transactions do not happen on Reddit, which can be changed. The good folks at PartyDAO recently launched a new product, PartyBid, that lets people form teams to bid on NFTs by pooling their resources and bid on... See more
The key to making this work is that while there would be specific protocols for the various types of platforms we see today, there would then be many competing interface implementations of that protocol. The competition would come from those implementations. The lowered switching costs of moving from one implementation to another would create less... See more
I was forever changed by Clay Christensen's book, "How Will You Measure Your Life?" and the idea that the source of deepest joy in our lives comes from intimate, loving, and enduring relationships, not from our achievements. The quality of our relationships is the single metric that matters and yet it's inconsistent with how most of us spend our... See more
Start with the market, then look at the product. The problem your company exists to solve lies within your market and target audience, not within your product.
Namely, some of its key properties include an ecosystem where, by default, whatever you create is instantly inter-operable with anything else on-chain, and where there’s a permanent public record of ownership of things like tokens, contracts, policies and a range of other assets.