sari

Building defensibility is tricky. Because crypto wallets pull data from the blockchain, there is no user lock-in. In a matter of minutes, a user can switch from one wallet provider to another with no loss of data. That means providers have to find other ways to build defensibility. Winning over developers is one.

Support forums can also be instrumental for helping users get their product questions answered, so they can get up to speed and discover value sooner. With community members volunteering knowledge and answers, there’s less overhead on the company.

What’s something John Andrew believes that many people disagree with?

Constantly be searching for the asymmetric bets both in life and businessAlways be asking – “What can I do that has little downside but if it works out, can have a huge payoff?”

Constitution DAO truly did a stellar job in such a short amount of time. There were many uncontrollable, complex obstacles that the team had to navigate in winning the auction, and their loss ultimately came down to not having enough to be the highest bidder ($43.2M) with sufficient allocation for insuring, storing, and transporting the document... See more

If you don’t feel confidence in someone you rely on, communicate that to the person. Don’t fall into dark patterns of creating policy to try to set up guardrails - collaborate to fix the underlying problem.