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Are we building a web3 startup correctly? - Printable Version

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Are we building a web3 startup correctly? - Albert - 03-09-2023

Are we building a web3 startup correctly?

I am currently a co-founder of a small web3 startup. Our team consists of only three people (three undergraduates), but we plan to expand. We are in the ideation stage of creating a social media Dapp and are working on the following:

  1. Fixing the roadmap - evaluating the features/value proposition/GTM of this product
  2. Finalize branding and brand playbook
  3. Market Validation Research
  4. Pitch deck - TAM/SOM/SAM and Revenue Streams/Financials
  5. Landing Page
  6. MVP - As the CTO (I don't have an official title yet, but I am in charge of the tech side), I am working on the MVP.

Our startup is wholly bootstrapped, using all no-code and free resources to build and deploy quickly. We just started this January and are eager to make significant progress within five months. Our ultimate goal is to pitch the product, get testers, and secure funding, but we still have a lot of research to do.

I seek advice on the best course for building a successful web3 startup. We need help developing a solid BMC, GTM and conducting market research. Despite having a sound vision, we are still determining if our actions are the best choice possible. Should we expand our team? How can we attract investors? The whole process seems overwhelming.

TL;DR: As a co-founder and CTO of a web3 startup, I need advice on developing a solid BMC, GTM and conducting market research. Our team is small, and we plan to expand, but we need help attracting investors and achieving our goals.

submitted by /u/Tough_Mud_6236
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