I asked 103 crypto investors, developers, marketers, and founders one question:
“What’s the number one mistake web3 builders make?”
Here is what they said ↓
Before we dive in, here's a high-level view at the results.
I started by categorizing the answers into three primary buckets.
↪️ People: Who is building the product
↪️ Process: How the product comes to life
↪️ Product: What the product actually is
Here are the most common web3 mistakes made within the "People" category.
↪️ Values/Culture
↪️ Community
↪️ Founder Demeanor
↪️ Expectations
↪️ Hiring/Firing
Here are the most common web3 mistakes made within the "Process" category.
↪️ Product-Market-Fit
↪️ Focus
↪️ Business Model
↪️ Marketing/Go-to-Market
↪️ User Retention
↪️ Resource Management
Here are the most common web3 mistakes made within the "Product" category.
↪️ Token Launch
↪️ Decentralization
↪️ Utility
↪️ User Interface
↪️ Infrastructure
The rest of this thread is quite long.
If you would prefer to read all 103 responses in an article format organized by category -- head over to the link below.
🔗 open.substack.com/pub/zacharydas…
Now, lets get into it!
Source: @spencernoon
Bio: @variantfund . newsletter → @ournetwork__
Source: @StaniKulechov
Bio: Founder of
@LensProtocol 🌿 and @AaveAave 👻 DMs open on @lensterxyz
🌸
Source: @chriscantino
Bio: Talking web3, NFTs and product.
@CPGCLUB @colorcapital
Source: @hosseeb
Bio: Managing partner
@dragonfly_xyz
. Formerly Metastable,
@Airbnb , @earndotcom
Source: @Zeneca_33
Bio: Empathy is the way.
Founder: @ZenAcademy_ and @The333Club Chief Zen Officer @PacmanBlur
Source: @katherineykwu
Bio: 👩🏻💻 crypto vc
@archetypevc
; 📚 research fellow
@crypto_council
; 🎤 host
@crosschainpod
; ⚖️ Meta-Governance Steward
@ensdomains
Source: @avichal
Bio: Entrepreneur; Founder @ElectricCapital
; Investor:
@Anchorage
@bitwise
@boomaero @Cruise
@deel @dYdX @NEARProtocol @NewfrontHQ @NotionHQ @MagicEden
@pulley
Source: @ASvanevik
Bio: CΞO
@nansen_ai
Source: @mdudas
Bio: investing
@6thManVentures
// co-founder
@LinksDAO
Source: @amytongwu
Bio: Investor
Source: @ianDAOs
Bio: Building @SyndicateDAO ✺. Hosting @SyndicatedTalks. Investing @IDEOVC @ideo. Ex Head of Crypto @CitiVentures @Citi.
Source: @sassal0x
Bio: Independent Ethereum educator, angel investor and advisor. Founder of @thedailygwei ⛽
Source: @ryancarson
Bio: 💡 Founder & Investor 🎙️ Host of the Daily Dose 💊 Previously COO PROOF + Moonbirds
Source: @shaunhengcj
Bio: HΞAD of @TheSpartanLabs | ex-VP at @CoinMarketCap | I tweet lessons from my journey building a $100M Web3 venture studio | @Safaryclub 🦁
Source: @Cooopahtroopa
Bio: Investor @cooprecordsxyz
Source: @evan_van_ness
Bio: Most of my followers are Eth devs. The rest are Eth holders. A few follow for spicy tweets about crypto scams.
Source: @mhonkasalo
Bio: Crypto research & investor (prev. @paraficapital, @TheBlock__). Delegate: @MakerDAO, @Uniswap. Building: @AccessProtocol.
Source: @alexzhang__
Bio: mayor @FWBtweets // organizer of people, aspiring Jane Jacobs of DAOs // @Summit @TheRealDAOJones @PleasrDAO @seedclubhq @joinrepublic
Source: @bneiluj
Bio: 🐸. WAAR. maths & physic. HW eng.Blockchain dev & builder. Core team @CurveFinance. Founder of @RektHQ, @BlackpoolHQ, @StakeDAOHQ, @StakeCapital
Source: @0xfoobar
Bio: DeFi & NFT founder. Dev, writer, auditor. Past life in MEV + machine learning.
Source: @ciaobelindazhou
Bio: Web3 angel&enabler/项目鼓励师; Investing via @ShardingCapital & some badass DAOs/ Web3投资分享师; Web3 marketing machine; DMs are open for builders; #NFA
Source: @calchulus
Bio:
if (buidler) {
BUIDL with @impossiblefi
}
Source: @fcmartinelli
Bio: Co-founder & CEO @balancerlabs
Source: @ani_pai
Bio: Glimpse of the infinite | investing @dragonfly_xyz
Source: @0xbobateas
Bio: Shanghainese kaffeehausliterat, armchair Gödelian. prev research @dragonfly_xyz | @harvard_crypto
Source: @0xgaut
Bio: cofounder @alongsidefi
Source: @DefiIgnas
Bio: Follow for insight on #DeFi and what's happening in the crypto world.
Source: @dgogel
Bio: VP Strategy & Ops at @dydxfoundation | Senior Fellow @Wharton @WhartonBDAP | Builder, Advisor & Investor in DeFi / Crypto / Blockchain / Fintech / Web3
Source: @0xminion
Bio: InvΞsting & Research @gbvofficial @RareVerse | @DegenCitadel Prev: @HuobiGlobal @TokenInsight In betwΞΞn I/ΞNTJA ApΞ Responsibly GM/JoSun/早 0xminion.eth
Source: @TrustlessState
Bio: Crypto-culture anthropologist, recruiting an army to slay Moloch 🔪👹 1D=1B
Source: @cjliu49
Bio: @eigenlayer; previously @compoundfinance
Source: @harshrajat
Bio: Creator of @pushprotocol (previously @epnsproject). The communication protocol of web3.0 🔔
Source: @Foobazzler
Bio: I post unpopular takes
Source: @0xJoshuaSL
Bio: Founding Steward of @opolis & @SporkDao. Co-Founder @rainbow_rolls @PublicNouns #BufficornBUIDLBrigade $BBB #3598 | pNoun 1 | Staff Comedy Writer @TheRugNews
Source: @kieran_eth
Bio: Co-founder, CEO @Streams_xyz -- The Easiest and Most Secure Way to Earn Passive Income -- Formerly: growth @blocknative marketing @Instapage
Source: @DawsonBotsford
Bio: CTO @BanklessHQ Labs & Founder @Earni_fi 🚁 Finding airdrops and coding on Ethereum. Host of dev3.fm. Punk #5305 🦇 🔊
Source: @ViktorBunin
Bio: OG Protocol Specialist at @CoinbaseCloud (fka @BisonTrails). Tweetsman. Actually helpful angel, specializing in protocols, infrastructure, and crypto SaaS
Source: @BoredElonMusk
Bio: Fortune favors the Bored. Electronic hyper-PARODY, benevolent pseudonym, builder, gamer, student of Hank Scorpio. Cofounder of @BoredBox_ 🟩🎮
Source: @sathaxe
Bio: 🦇🔊 building @0xMysterious @TuningClubAI | @fdotinc @ycombinator @streamlinedvc
Source: @Jai_Bhavnani
Bio: CEO of Waymont @WaymontCo Building the best crypto storage solution
Source: @NicoleBehnam
Bio: 🎙INTERVIEWS. LESSONS, MEMES ✨ Investor, Advisor | Using curiosity to bridge gaps/build community 🤝 @hashflow
Source: @knownasdollar
Bio: usually tweets about self betterment, business fundamentals, and @meetprovenance
Source: @Bahgley69
Bio: @PREMINT_NFT mod/collab council, @BoryokuDragonz / @AkumuDragonz community manager, former @proof_xyz mod. Member @The333Club. NFTs/Web3 and Crypto.
Source: @auryn_macmillan
Bio: Black box sorcerer @GnosisGuild #DAO Ⓥ ⟠ 🦉 🪐 ⚪🪦 🔆 🐜 🏀 🤡
Source: @brandoncnolte
Bio: I write about working in Web3 and DAOs. Previous 7-figure Founder in Web2. Cofounder @quorummedia_xyz // DAO @banklessDAO
Source: @MikeZajko
Bio: 💡@lattice_fund
Source: @robsecord
Bio: Co-founder @DefiNft, @TaggrNFT, @CarbonOpus. CTO, Solidity, React, DevOps. Building in the Bear.
Source: @gannonbreslin
Bio: Founder, CEO @thedropnft • Investor, Sailor, finance & web3 Newsletter’er • Winners | Opinions Only ⚓️ | Los Angeles, CA | Advisor @FollowInvestApp
Source: @saltyfacu
Bio: 🧂 The salt only comes from working hard on real tech | 👔 PITA at @iearnfinance | 🏹 Bowswapper | 👼 @daedalus_angels
Source: @KRMA_0
Bio: Crypto Analytics, Trading, Web3 Angel. I make blockchain games at TBA.
Source: @shutterbugsid
Bio: Gaming 🎮 | Writing | Mourinho fanboy | Prev @0xPolygon
Source: @LilMoonLambo
Bio: Crypto, web3, and NFTs | Angel Investor @0xPolygon @Stepnofficial @ParallelTCG @GearboxProtocol @MultiversX
Source: @thulynnn
Bio: Web3 Researcher, Angel investor, Building in stealth | member @developer_dao @10b57e6da0｜pfp @crypto_coven.
Source: @LefterisJP
Bio: Founder of @rotkiapp🐦, the portfolio tracker that protects your privacy. #Berlin. University of Tokyo graduate. Marathon runner. #ethereum developer. #birding
Source: @menemazarakis
Bio: Current: Crypto @chapterone | Earlier: Civic Products @instagram, Blockchain @novi, @Wharton @GoogleAI
Source: @Cap039
Bio: Anime lover, entrepreneur. Exited 2 times to SONY & KDDI | Founder of @PRISMproj & working on a new web3 project | 60+ angel investments | 🇯🇵 @shunsuke00
Source: @0x_Osprey
Bio: Tweets are personal views - not investment advice - may have positions in assets discussed - opinions may be satire - reality may be simulated - 𓅃 @hiFramework
Source: @ncerovac
Bio: Semi-tokenized. In it for the tech and all-you-can-drink conferences. Spawner @daedalus_angels | @laptop_friendly | Pleb @10b57e6da0
Source: @valentinmihov
Bio: mihov.eth ~ Yield farming and angel investing ~ Crypto multi-cycler. @10b57e6da0 ~ co-founder of @daedalus_angels & @finexify ~ Shadowy super-coder👨💻
Source: @casey_lau
Bio: Co-host of @RISEConfHQ. Co-founder @thndrhs. Founding Mayor @hkgdao_
Source: @JasonHitchcock
Bio: Head of Ecosystem @thirdweb, founder @fourmoonsll, taker of 45 min showers
Source: @yuan_han_li
Bio: investing @blockchaincap | contributor @llama
Source: @Laceykaelani
Bio: Web3 startup founder 🚀🔗 Building @metaintro | Forbes 30U30 '23
Source: @JaredRonis
Bio: Marketing @MessariCrypto | Advisor @SeedAIOrg | @proof_xyz Collective Member | @moonbirds🦉 | @ZenAcademy🔮 | Opinions are dubious, occasionally sexy, & my own.
Source: @anjan_vinod
Bio: Crypto Investments @paraficapital
Source: @LordTylerWard
Bio: southern fried degen. ❤️ DAOs, defi & nfts. PR class of '21 @Barn_Bridge @universe_xyz @LeagueDAO @EnterDAO @fiatdao @q_dot_xyz @D64vc
Source: @lstephanian
Bio: partner @PanteraCapital | solidity dev | angel @ tlccollective.space | prev: @BankofAmerica @Fidessa @Columbia CS 💻🇦🇲
Source: @CryptoJude01
Bio: Web3 Builder || Investor || Designer 🎨 || Co-founder @GiveStation 🧑🚀|| Member @BGameAlliance
Source: @JackLipstone
Bio: Investment Partner at @chapterone | Praxian at @PraxisSociety | DMs Open.
Source: @michaelxbloch
Bio: Investing in early-stage tech startups @QuietCapital. Previously founded Pillar (acq’d by @acorns), early @DoorDash
Source: @swartzcenter
Bio: Building & investing in web3 • former director of product @investwithLEX • swartzcenter.eth
Source: @TheCryptoLark
Bio: #Bitcoin & #crypto investor, my mission: educating on wealth creation! Tweets not financial advice. Weekly investor report cryptolark.co/WEALTHMASTERY1
Source: @Helloimmorgan
Bio: 🎙️ Good Vibes • Education • Founder: @OnChainTV • Team 🤝 • 🇦🇲 • UNC Alumni 💙 Nurses
Source: @ThePeoplesDegen
Bio: Making the impossible possible @Smashverse_XYZ
Source: @mypandashallfly
Bio: Artist, sound designer 🇱🇰 🇬🇧 He/him • @genredao @RefractionDAO COMMUN.space
Source: @RogerDickerman
Bio: Head of Web3: @AkuDreams 🚀 Founder: @artifex_project 🗿 Artist Interviews: @nft_origin 🎙
Source: @threadoor
Bio: startup growth marketing | generated over 800M in revenue for brands ⚡️| providing free content on self growth and business 💯
Source: @yb_effect
Bio: Writing Web3 World // prev: Head of @chapterone Research
Source: @mr0chill
Bio: Designing tech for the future. Your kids are gonna love it. Project & Product Lead for @BUILTBYQUANTUM. Working on Badges by @3Gate_io.
Source: @jennifer_sutto
Bio: NFT Collector and Content Creator 🖼 Head of Marketing at
@evaluatexyz 📊 Co-host of the @NFTCatcherPod 🎙 NFTs since Oct 2020
Source: @DheerajShah_
Bio: Content creator Focused on NFTs, DeFi, DAOs, Gaming, Psychology & Web3, & Memes. Podcaster🎙️ @web3withdhee | Building @KewlClubNFT 🆒🕶️ | Education @CRE8RDAO
Source: @ericzoo
Bio: I run @gamepadco and @exnetworkcap | cofounder of @CosmicValidator & @jpeg_army | 💎 hunter and investor | Supporting the web3 movement from the 🇵🇭 Azuki #966
Source: @dazuck
Bio: Building the foundations for a web built on open, abundant information @ceramicnetwork, @3boxlabs. Obsessed with understanding + improving how ppl coordinate.
Source: @0xFintech
Bio: If you don't understand the yield, you are the yield.
Source: @alancarroII
Bio: Previously: @Vayner3 MAYC #28064 🎭Memez🎭 @Sorare fanatic ⚽️ @UnumGame 💼
Source: @SadafJadran
Bio: #Crypto | Strategy | Consulting | #DeFi & #Web3 | Investor • Investing • Invested | @GenfinityIO | @altshyft
Source: @IamSuperMassive
Bio: Brand Ambassador for Fraz Cola. Founder of BasedAF
Source: @andrewfenton
Bio: In it for the entertainment. | Cointelegraph Magazine Editor | Independent Reserve Weekly Update
Source: @techbubble
Bio: Art Catalyst, Technology Innovator | @hyperverse_dao (web devs) | @NftyDreams DAO (artists) 💙💛 | BAYC#7062 opensea.io/techbubble | Tags: #NftyDreams #Hyperverse
Source: @JeffKirdeikis
Bio: CEO @TrustSwap, @TheCryptoApp & @TeamFinance_: $1 Billion TVL & 4M+ Downloads • Bitcoin, Self-Sovereignty, and Biodiversity •
Source: @ryanberckmans
Bio: Ethereum and Web3
Source: @arjunmahadevan
Bio: Slowly turning into my alter ego: Mr. LLC. CEO @doolaHQ (YC S20). Prev: Growth PM @Dropbox | Math @upenn | Stats @Wharton
Source: @akhilasraju
Bio: product @DuneAnalytics 👩🏽💻🚀✨ | prev: eng @coinbase, eth core dev @ConsenSys, @Google, @Apple, @waze | @EFDevcon organizer 🦄 | comp sci @UCBerkeley 🧸
Source: @andrarchy
Bio: CEO of @TheKoinosGroup
Source: @Riijo
Bio: Co-founder @pushprotocol (prev EPNS) The communication protocol of web3. Push enables cross-chain notifications and messaging for dapps, wallets, users, & more
Source: @AlexMasmej
Bio: Founder @Showtime_xyz (we’re hiring! DMs open). Previously: created $ALEX, the first “social token” (future.com/creator-before…).
Source: @TO
Bio: Bitcoiner who likes NFTs & wants everyone to make it.
Investor in 50+ startups. GP @StacksStartups. CEO @ninjalerts.
Source: @jonwu_
Bio: growth @aztecnetwork: privacy for web3. did the things @Yale @BainCapital @HarvardHBS and @Google. half of @fortyiq.
Source: @willyogo
Bio: #Buidl the change you wish to see in the world. Download @ShapeShift and donate for free on @Givethio ✨🦊
Source: @b05crypto
Bio: Follow me to learn from innovative leaders in DeFi & get the latest must know news from across the Web3 ecosystem. Our shows: Mission: DeFi & DeFi Lunch
Source: @Flynnjamm
Bio: ceo @rabbithole_gg ¥ prev @opensea @dapperlabs
In total, this thread took over 8 months to compile and produce. It would not have been possible without the help of so many people including @nmitchell11, @luizcordeiro, and the entire @Flashstake core family.
Next Thursday, I will be hosting a Twitter Space to dive deeper into my favorite answers from this thread along with share a few of my personal mistakes.
Would love to see everyone there!
Set reminder: twitter.com/i/spaces/1vAGR…
If you appreciate any bit of this thread, sharing and retweeting really inspires me to do more 🙏
Ending this thread with a question for you:
What's a web3 mistake that you've learned from?
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