In this episode, Zach and I talked about what to look for in an NFT project as an investor v. what to do if you’re a founder.
As an investor, you could be right about a trend (NFTs are the future), and yet be wrong about the project (XYZ NFT will go to the moon).
Details matter, and it’s difficult to spot the 1% projects that will shine 10 years from now.
VC firms depend on 10% of their investments to cover up for the 90% that they know will likely fail.
They still choose to play that game because it’s worth it to them!
We talk about the 3 traits Founders need to have for a project to succeed long term.
If you’re an investor, you’d want to look for these traits in your investments.
If you’re a founder, you’d need to cultivate these traits, which is a much longer game.