Jason Rosenthal
@jasonr
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. 🧵
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Jason Rosenthal
@jasonr
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/
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Jason Rosenthal
@jasonr
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
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Jason Rosenthal
@jasonr
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
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Jason Rosenthal
@jasonr
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
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Jason Rosenthal
@jasonr
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.
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