We really need to solve 2 problems in crypto:
- better way to manage 100s of wallets
- privacy first wallet
If someone can tackle both with one product - it will print billions
The thing I miss the most from my consulting days are problem solving sessions with the team
You can't even imagine how much can be solved in 1 hour with the right people in the room
Hot<->Cold wallets management needs to become much simpler
"Admin" cold wallet should have 1 button to collect all tokens from hot wallets back to the admin wallet
Ideally with privacy
Why you should be focused on one problem
- scaling the team is difficult. as you scale, the average quality of your team will decrease
- there is a limited number of people who can make decisions. you end up diluting their attention
I strongly believe that even the most successful teams should stay insanely focused on solving one problem
The moment you start chasing too many problems, you lose focus - and other teams will beat you
Prediction markets as insurance / hedging
"XYZ DeFi protocol gets hacked in 2025"
You buy "YES" at like 4c to match your current DeFi position
Of protocol gets hacked - you get all your money back
If it doesn't - you paid 4% to be fully insured
the best way to describe your product’s value prop is to tell a story
“meet John. john loves doing <...>
but right now, he’s struggling because <current solutions suck>
then John discovers <your product> - and now he can <do it faster / cheaper / better / etc>”
my biggest mistake as a founder over the past 6 months was spending 90% of my time coding
new goal: code <50% of the time, and focus the rest on networking, strategy, and BD