1/ One of many challenges that crypto founders/ceos regularly face is how to define quantifiable company and product objectives/metrics in an environment that is volatile and rapidly changing.

Here’s a potential solve for this. 🧵

Operating Partner & Head of Crypto Startup School 
@a16zcrypto. 25 years working on frontier tech. 2X CEO, 4 exits & most recently VP Subscriptions at Google.

2/ One solution is to benchmark progress based on a set of relative vs absolute metrics.

@a16crypto’s State of Crypto Index can help you make this assessment

Check it out here:https://a16zcrypto.com/stateofcrypto/

3/ For example, a consumer facing company could choose to measure their growth and traction not based on a set of absolute user numbers but relative to a rolling three month average of active mobile wallets.

 https://a16zcrypto.com/stateofcrypto/mobile-wallet-users

5/ Projects focused on developer tooling can leverage insights into the number of active crypto developers as a way to measure mindshare and adoption.

https://a16zcrypto.com/stateofcrypto/active-developers

6/ This approach of measuring and benchmarking off of relative vs absolute performance is similar to how college and university endowments assess investment performance and can be a useful measurement and management tool in a dynamic environment.

Let me know if you have any thoughts or questions below.

4/ An L1 or L2 blockchain could track their progress based on their share of Verified Smart Contracts in a given quarter. 

https://a16zcrypto.com/stateofcrypto/verified-smart-contracts