Startup Ideas and Web3 Primers
In this week’s episode of Ventures, my guest Mike Anderson (https://www.linkedin.com/in/mikeandersonjr/) and I discuss all-things startup ideation in the modern era. In light of this being the topic of Week 1 of Prota’s new incubator (https://www.protaventures.com/labs), we dive into what makes a good idea, what makes a bad idea, how and why to integrate your idea with your own skills and knowledge of a market, how to reverse-engineer ideas based on what investors and consumers want, why finding startup ideas has changed over the years, and the importance of maintaining vision and grit through challenging seasons of startup life.
Web3 primers are hard to write
I have started writing my own primer on Web3 here, but it has turned into more of an outline of a book. Writing a succinct primer proved extremely difficult, which is why I’m impressed with what McKinsey produced.
Of course, the reason why writing a primer on Web3 is hard is that not everyone agrees on what Web3 is.
While I have an 8-part definition in my writing, McKinsey boils it down to essentially three things: tokens, smart contracts, and blockchains.
If you are aware of any other great primers on Web3, I’d love to learn more. Please send them my way.
Have a great rest of your week!