Thread by @ZacharyDash

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: @js_horne

Bio: working on
@ourZORA

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: @nir_III

Bio: building web3 social @yup_io

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?

https://twitter.com/ZacharyDash/status/1610735634951602176