Research Summary
The article is a reflection by a first-time founder on the lessons learned from launching a web3 company, specifically an NFT project. The author shares their experiences and insights on a range of topics, including the importance of having a co-founder, the need to be cautious when hiring professionals such as lawyers and accountants, the danger of chasing after every new idea or opportunity, and the value of maintaining a core focus in the business. The author also discusses their perspective on regret and mistakes, viewing them as opportunities for learning and improvement.
Actionable Insights
- Consider having a co-founder: Having a co-founder can provide support, share the risks, and bring complementary skills and experiences.
- Be cautious when hiring professionals: It’s crucial to find trustworthy and competent lawyers, accountants, and other professionals, and not to spend unnecessarily on services that may not be needed.
- Avoid chasing after every new idea: It’s important not to get distracted by every new idea or opportunity that comes along, as this can dilute focus and resources.
- Maintain a core focus: Stick to one thing and do it excellently rather than trying to do many things averagely.
- Learn from mistakes: Mistakes are inevitable and are opportunities for learning and improvement. Instead of regretting past mistakes, use them to inform future actions.
