Really, really good advice here. These points are actually why we have 99% of failed crypto projects
@itschrisuphere Жыл бұрын
Controversial opinion/hot take: I think there is too much top level emphasis on labeling companies, businesses, products as 'Web3'. In many ways, it is only a decentralization technology. Not different from how other 'real businesses' don't talk about how they are 'Mobile', 'IoT', or use 'NoSQL databases'. The true breakout Web3 companies will be the ones where Web3 is a means to an end, where the Web3 tech is applied in a way where decentralization is the optimal solution (this is not always the case) and all of the users and customers do not even know it is 'Web3'. As a result, outside of technology circles front discussion on that something is 'Web3' is....maybe missing the point?
@GarryTan Жыл бұрын
I generally agree: put the problem you want to solve ahead of the technology when pitching to customers
@OleksiiSidorov Жыл бұрын
Web3 is getting back to earth and it's a happy moment for the industry. Alliance guys understand it as no one else and keep investing even now, while scammers and flippers are out. Can only vouch for their help and integrity as someone who was in both, YC and Alliance. Ping me on tw if you have any questions. (PS: good lighting for Imran)
@tomasbaron8465 Жыл бұрын
Really good advice for building a proper Web 3.0 product. For the creation of real impactful projects, that will have a good PMF and reinstall trust in the crypto space, that has had a pretty awful run in the past couple of months. Taking into account this type of projects are going to be big/ really important for our economy, society and business and profitable in a few years, we should create better projeccts and really prioritize the customers: the community as in any business that thrives, impacts and serves a real purpose. Love your videos Garry, much love from Colombia, have been watching you for a couple of months now. I hope to meet you one day to learn more from you or when you are investing in my future company. 👀 And I also have a question for you: What makes you happy? And how does it connects with investing and creating businesses. Thank You, and have a Nice Day.
@GarryTan Жыл бұрын
Just fun to work with people trying to change the world and build their dreams, and then see it actually happen. It’s quite miraculous.
@aaravvarma Жыл бұрын
Garry do you think, Web3 or complete decentralized system works ? I think there will always be a certain level centralization and I think we need to look at hybrid structures and I love what Imran said focus on product and nothing more & get the product market fit and then think the other jazz, being a founder I was currently in the same pickle should I focus on product or the jazz of tokenomics and I'm thankful I got the answer.
@arkoganguli6167 Жыл бұрын
I disagree with the point of tokens to a limited way. You need to have a robust tokenomics for a good product, or speculating dumping can destroy the entire network. Albeit, product comes first, without a doubt.
Thank you so much Garry for your wisdom. Appreciate all your effort and your vision in your videos:)
@_.Garytan Жыл бұрын
Thanks for your love and support... Tell Kiana I referred you to her for a business investment that 💛❣️ will change your financial life ☝🏻.....
@AhmedKhan-rt6oz Жыл бұрын
Awesome
@rozhensky Жыл бұрын
Thank you so much!
@_.Garytan Жыл бұрын
Thanks for watching 👆 Send a msg to my trader Kiana tell her I referred you she will introduce you to an investment with big profits if you are interested
@TochStyle Жыл бұрын
Web 3 for sure.. is very interesting lol
@carloslfu Жыл бұрын
What are some of the Web3/crypto startups you think are in that 1%?
Do not think the fundamental issue of crypto based on currency runs too hard against regulation..In the end currency is soverignty of a country and butting head against soverignty is not a great idea, the scalability is full of friction..The other issue is to equate virtual currency as a store of value like gold is just not the same. There is a difference, how big the difference is. I compare it to brick and motar retail as a start vs e-commerce - In US 15%, in China 25%.. That means the difference between a virtual store of value and real world store of value is 10%-25% to the real world. Can you build a scalable economic model from that? The answer is no one knows for sure..
@nixtoshi Жыл бұрын
Great content as always Garry! Crypto is the future financial infrastructure, but it needs more fundamental value to succeed. Fundamental value at the end of the day is inescapable.