web3 with a16z crypto Pricing Strategy
42 snips
Jun 1, 2024 
Experts in pricing strategy for startups discuss unit economics, consumer psychology, and using onchain data for pricing decisions. They cover common mistakes, navigating pricing pivots, and real-world case studies from Tesla and Nvidia. Includes insights on decentralizing on a blockchain, the value of decentralization, and the importance of pricing power.
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Find Your Product's Market Fit
- Understand where your product fits in the market before setting price.
- Identify if it's a novel innovation or an improvement on an existing solution.
Web3 Expands Pricing Canvas
- Web3 offers diverse pricing levers like tokens and governance unlike Web2.
- This flexibility creates more granular and innovative business models.
Communicate Value For Pricing
- Communicate your product's value clearly to estimate market price accurately.
- Use experiments and market mechanisms like auctions to gauge demand.