LIVEMy 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 😂