Alex🐻⛓
@justb
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Conventional Silicon Valley wisdom biases towards being “early” to markets rather than being “late”, but this isn’t an absolute — it’s a trade-off just like everything else in life
If your product is addressing a market need that isn’t fully there yet (ie. you’re “early”), then the risk taken is around surviving long enough for the market to mature. You can allay this by being lean, achieving ramen profitability, or raising a fat war chest to ride it out
Conversely, if the market is already here (ie. you’re “late”), then you’ll face more competition from other products. You’ll have to battle for customers, and the risk becomes more about sales and speed of execution
Personally, I prefer the former. The stress of a competitive category is exhausting, and I’d rather build a product for a market that shows glimpses of maturity. That way, when the market arrives in full, you will have had time to build a great product experience and can just scoop up customers 7 replies
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Been a very long and stressful journey to get to the TGE, and while it definitely did not go as planned, despite us working around the clock to be ready for everything, I’m excited about the next phase of Phaver now starting: SocialFi.
There are so many cool things we can unlock with a native currency, in-app wallets and user-friendly gasless transactions in the coming months, making $SOCIAL the heart of a creator centric economy.
Thank you so much for the words of encouragement from the real Phaverians who are here for the community and long term vision, it is important to remember you are the ones we build this for, not those who curse us when not getting to dump fast enough, as they were going to do that no matter what.
If someone still has issues with claiming we will work with you to figure it out asap, while we shift focus to Season 2 and launching new updates, as this is just day 1 of phase 2. Team has no token releases before a year from now so we build for the future, not today. 11 replies
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