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Delphi Daily: Building Conviction in Magical Founders and Projects
- Team
- Products
- Community
- Token Econ
- How To Release a Project
- Putting it all together to build conviction and average up
https://www.delphidigital.io/reports/building-conviction-in-magical-founders-and-projects/
- Team
- Products
- Community
- Token Econ
- How To Release a Project
- Putting it all together to build conviction and average up
https://www.delphidigital.io/reports/building-conviction-in-magical-founders-and-projects/
1) Founders
You want founders that are charismatic (can tell a viral narrative) and technical (out-build the competition)
A dictator doesn't have all the answers. Look for founders who aim to fire themselves as they decentralize to the community who can grow a project faster
You want founders that are charismatic (can tell a viral narrative) and technical (out-build the competition)
A dictator doesn't have all the answers. Look for founders who aim to fire themselves as they decentralize to the community who can grow a project faster
2) Products
You can't get ahead by solely copy/pasting a competitor.
Focus on projects shipping new code that drive new and magical experiences. A Project should be continually shipping as standing still = death.
PMF or some semblance of it is required.
You can't get ahead by solely copy/pasting a competitor.
Focus on projects shipping new code that drive new and magical experiences. A Project should be continually shipping as standing still = death.
PMF or some semblance of it is required.
3) Community
People want an inclusive feel where the team takes their feedback seriously
Magical products drive a community as you want to attract the smartest builders/finance people in the space to iterate on your magic product
Solid communities grow like compound interest.
People want an inclusive feel where the team takes their feedback seriously
Magical products drive a community as you want to attract the smartest builders/finance people in the space to iterate on your magic product
Solid communities grow like compound interest.
4) Token econ
Value creation doesn't equal value capture. Make sure a token is absolutely critical to a project and currently (or will) capture value in the future
UNI, RUNE, SUSHI all capture value
MKR and GNO capture little value
Value creation doesn't equal value capture. Make sure a token is absolutely critical to a project and currently (or will) capture value in the future
UNI, RUNE, SUSHI all capture value
MKR and GNO capture little value
4b)Tokenecon
Making sure incentives (yield farming rewards) go to the correct parties is crucial to attracting those who will help advance a project forward.
Make sure your treasury is active, not idle, the team is locked up, and rewards are flexible to incentive growth areas
Making sure incentives (yield farming rewards) go to the correct parties is crucial to attracting those who will help advance a project forward.
Make sure your treasury is active, not idle, the team is locked up, and rewards are flexible to incentive growth areas
5) Release
Buzz sells. People want in on the VIP club with the line around the block.
Make it mysterious and VIP to begin with, but make sure you open the project to the world.
Lean into mercenary capital. Not everyone's here for the tech, you may as well capitalize
Buzz sells. People want in on the VIP club with the line around the block.
Make it mysterious and VIP to begin with, but make sure you open the project to the world.
Lean into mercenary capital. Not everyone's here for the tech, you may as well capitalize
6) Conviction
Every aspect of a project, team, community, or token econ exists along a spectrum, nothing is binary.
As these items come more into focus, you can average up in your position and your winners.
If the opposite happens, you can begin to take money off the table.
Every aspect of a project, team, community, or token econ exists along a spectrum, nothing is binary.
As these items come more into focus, you can average up in your position and your winners.
If the opposite happens, you can begin to take money off the table.
7) On this topic, we are disclosing @Delphi_Digital has taken a position in @AlphaFinanceLab $ALPHA
@tascha_panpan, @nipun_pit, and team are professional and technical founders shipping new, magical code and fostering a killer community.
The alpha team fits this framework!
@tascha_panpan, @nipun_pit, and team are professional and technical founders shipping new, magical code and fostering a killer community.
The alpha team fits this framework!
I only had a day to create this post, but check out the full post below! https://www.delphidigital.io/reports/building-conviction-in-magical-founders-and-projects/
