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The Engine
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Crypto is a crazy industry to be part of. It’s innovative, ambitious, heartbreaking, and fun. It never slows down. It does go up and down, though. A lot. In this episode, @andyboyan and @buildcities talk about crypto industry cycles and how to build a business that grows in the summers and survives the winters.
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Here are a few tips from the chat with Angelo and Andy for anyone building in crypto: 1. Embrace the crypto market's cyclical nature. Understanding bull and bear dynamics will guide your fundraising, product development, and marketing.
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2. Liquidity is a double-edged sword. Launching a token introduces a lot of new challenges and may distract from building. The volatility it introduces can become particularly dangerous for the company's reputation in the bear market.
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3. Strategic patience and flexibility are key. You have to build your project to adapt to changes in the market and technology. Sometimes, it’s better to hold off committing to a specific tech to allow it to mature.
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