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Akash Kumar Jha
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My top five mistakes as a web3 founder? Holding nothing back... 1) $10.5MM in rewards to community/holders. We didn't expect to go to $200MM and tokens became extremely valuable. Lesson: Calculate everything based on future scale. 2) Holding too much crypto on our balance sheet. When the bear market set in, we lost an untold amount of money. Lesson: Convert some of it to stables. Don't be greedy. 3) Trusting wrong co-founders After our success? They simply stopped working or showing up. Lesson: Be extremely careful who you partner with 4) Having a huge private sale Even our "Friends" dumped on us. Lesson: Plan for everyone to sell and make profit 5) Repeatedly spending on the same marketing Eventually, it'll stop working due to "diminishing returns" Lesson: Never go all in. Keep mixing it up. Some have asked me where I get the information I speak about. It's from a place of an immense amount of pain 😂 #founder #JourneyIntoCrypto #BullorBear

My top five mistakes as a web3 founder?

Holding nothing back...

1) $10.5MM in rewards to community/holders.

We didn't expect to go to $200MM and tokens became extremely valuable.

Lesson: Calculate everything based on future scale.

2) Holding too much crypto on our balance sheet.

When the bear market set in, we lost an untold amount of money.

Lesson: Convert some of it to stables. Don't be greedy.

3) Trusting wrong co-founders

After our success? They simply stopped working or showing up.

Lesson: Be extremely careful who you partner with

4) Having a huge private sale

Even our "Friends" dumped on us.

Lesson: Plan for everyone to sell and make profit

5) Repeatedly spending on the same marketing

Eventually, it'll stop working due to "diminishing returns"

Lesson: Never go all in. Keep mixing it up.

Some have asked me where I get the information I speak about.

It's from a place of an immense amount of pain 😂

#founder #JourneyIntoCrypto #BullorBear

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Crypto Ecosystem One-Pager by Binance #BinanceLaunchpool #BinanceTopPicks #ECOSYSTEM
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Founder's have the hardest job in web3. Imagine this... You work for months (maybe years) on your idea. Your family and friends have even invested. You're finally ready to launch. Then: – The marketing agency scams you. – The influencers you hired? They were fake. – The market tanks, taking your chart along with it. – The market maker you hired? They sell everything. – You pump, your team makes money, then they leave. – You think you're listing on a CEX, but it's a fake agent. – You want to list on CMC? Pay black market (listing agent). – The dev company? They take off with your entire code base. I've seen or experienced every item above. Any founder building in web3 has my utmost respect. My best piece of advice? Take your time, carefully curate your network. It's all about partnering with the right people. #founder #Founderz #Founders
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