We recently saw a founder pivot from building crypto infrastructure to focusing on owning the app user experience. The reason is simple: building infrastructure today is often a losing game. You have to build a product, then sell it across multiple layers, all while facing inevitable commoditization over time.
There's a valuable lesson here: the old narrative of owning "picks and shovels" during a gold rush no longer holds for crypto. Today, it's about owning the gold directly instead.
So, the age of intellectualism and overcomplicating strategies the "right curve" approach is over. It is now the era of simplicity and direct value creation, the "left curve" approach. And now it all boils down to making something people want.
There's a valuable lesson here: the old narrative of owning "picks and shovels" during a gold rush no longer holds for crypto. Today, it's about owning the gold directly instead.
So, the age of intellectualism and overcomplicating strategies the "right curve" approach is over. It is now the era of simplicity and direct value creation, the "left curve" approach. And now it all boils down to making something people want.
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