RATE Group | Check This VC ‘Playbook’ for Cryptocurrency Startup Success
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Check This VC ‘Playbook’ for Cryptocurrency Startup Success

14 Jan Check This VC ‘Playbook’ for Cryptocurrency Startup Success

Posted at 17:27h in Cryptocurrency News by

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Check This VC ‘Playbook’ for Cryptocurrency Startup Success 101
Source: iStock/Nikada

As so many crypto startups hit the buffers fast while others experience sky-high growth, could there be a roadmap to crypto-powered success?

One major venture capital company thinks it has come up with an answer – and has outlined some “golden rules” that cryptocurrency-themed startups should follow if they hope to make it big in the increasingly competitive world of Bitcoin, altcoins and blockchain technology.

California-based VC firm Andreessen Horowitz’s Crypto Startup School partner Jesse Walden has published a “Playbook for Building Crypto Applications,” labeling the guide a “possible path” to brighter things in crypto application.

Here are Walden’s key pointers.

Start by designing a product/market fit.

Walden says that at the very first stage decentralization is actually a bad thing.

Instead, “opinionated leadership to test hypotheses and update assumptions quickly” is what’s required. Firm decisions built on even firmer…

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