👩‍⚖️ [Quick Digest] Are you doing it all wrong? For founders & teams.

GM! As bear continues and all user metrics fall, it's hard to keep yourself both motivated and convinced. User metrics down, governance activity down, volumes down, your bonuses down, your industry prospectives down - it's all falling… Is it fine?!

We often hear: Devs, do something! - but if we get asked “what would you do in our place?” - we immediately understand that we are wrong. Sometimes a dev can’t do anything, or rather, a dev is already doing everything. You are just asking for oranges from an apple tree.

💡 And the decision-making cycle here is different from the one of an investor.

For investors, you are supposed to max bid at the bottom. Basically to spend more in bear than in bull. That’s your max opportunity period when you consider ventures investing vs value investing. For teams, it’s often the opposite. Teams are more like value investing cycles, even if their VCs force them to gamble with their lives. Teams’ max opportunity window is staying alive to hit the critical point, whereas timing the bear isn’t actually that important. Or is it?

Anyway, check out https://threadreaderapp.com/thread/1693165661361692778.html 🦞 And GLHF PnD-ing your friends on a weekend, let’s see how long it survives.