Want an unfair advantage in crypto? Learn to evaluate like a VC.
Crypto & NFT projects are essentially startups. Learning to evaluate a startup like a VC gives you an unfair advantage in crypto.
Here are the lessons to learn from how VCs evaluate startups & projects.
Investors look for a couple of key things:
- Problem & Need
2. Product & value proposition (Utility)
3. Team
4. Market
5. Differentiation & Competition
6. Go to Market
7. Traction
#1 Problem & Need
Projects need to solve a need or a problem. Investors want to know if the problem NEEDS to be solved or if it would be nice to solve.
More pressing the problem, the more successful the startup.
There was no censor resistant, transparent store of value that suited the needs of the digital age. BTC created a decentralized, borderless store of value & solved that problem
ETH struggles to scale & has high gas costs. Alt chains like AVAX & Terra solved that problem.
Crypto Lessons: More pressing the problem, the more money you can make.
