Linda Xie
@ljxie

1/ The concern I hear most from people who want to join crypto is they don't know how to make sure they join something that will actually be around for the long run. This isn’t easy (similar concerns when investing) but here’s some of the tips I’ve been sharing with folks.

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2/ It was helpful for me when I was first searching for the company I wanted to join to look at the portfolio companies of investors I respected. I actually first came across @coinbase in 2013 looking at @a16z's portfolio. Same high signal for me with @a16zcrypto among others.

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3/ Not suggesting anyone be a lemming but crypto investors spend their time filtering through projects so it's efficient to piggyback off some of the reviews they did as a start. If you're concerned about job stability a well funded project + respected investors is helpful

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4/ Spend time in the team’s community e.g. Telegram, Reddit, and in person meetups if you can. Get a feel for whether this is a community that is actually supportive and contributing to the project or is just speculative. Community can make or break a project.

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5/ Really question if this is a product anyone is actually going to want to use. This is where it's beneficial to not be deep in crypto because if the team is building systems for the mainstream public, then it’s going to be used by non-crypto natives too. Would you use this?

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6/ Talk to the team and understand why they joined the crypto space in the first place and what the mission of the company is. The industry goes through so many ups and downs that you want to make sure the founders can lead and even stick around during the bear markets

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7/ If the project is open source think about how this team has a moat around them e.g. specialized backgrounds. If the team is working on something very simple and extracting value from the network (i.e. charging fees) is this something that people can just copy and replace?

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8/ This isn't a definitive and comprehensive list of course and I'd love to hear tips other people have. Good luck in your search!

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