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