The Blockcrunch Podcast Building A Billion Dollar App: A Cheat Sheet for Crypto Founders
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Nov 14, 2024 Imran Khan, Co-founder of Alliance and host of Good Game, shares invaluable insights for crypto founders. He discusses the crucial shift from speculation to real-world applications in the crypto space, emphasizing the need to solve small problems first. Imran offers tips on measuring success through user engagement and highlights the importance of founder likability. The conversation also dives into sustainable token offerings and the balance between infrastructure and apps, providing a detailed cheat sheet for aspiring entrepreneurs.
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Alliance's Origins
- Imran Khan started DeFi Alliance as a free mentorship program in Chicago, connecting DeFi founders with market makers.
- This mentorship, combined with the timing of "DeFi summer," propelled Alliance's success.
App Focus
- Value accrues to apps in the crypto space, driving Alliance's app focus.
- Apps are key to scaling crypto to a billion users and, in turn, scaling infrastructure.
Speculative vs. Non-Speculative Apps
- Founders should focus on apps that are either speculative (like Pump.Fun) or non-speculative (like stablecoins or RWA projects).
- Crypto's superpower is speculation, which drives user engagement and growth.