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1) There are *huge* differences between teems we've worked with

Oct 31, 2020

2) NOT INVESTMENT ADVICE

Oct 31, 2020

3) They tend to follow patterns. One type (X) is.... a huge sinkhole. Partially it's that they never actually produce much. But also, they take a ton of our time.

SBF

@SBF_FTX

Oct 31, 2020

4) It's not that they'll ask questions -- that's great! -- but that they'll be helpless. For thing after thing after thing, they won't be able to progress without us rolling things out: even when we're sure it's not necessary. It takes huge amounts of our energy.

SBF

@SBF_FTX

Oct 31, 2020

5) The other type (Y) is.... kind of magical. They'll say they're doing something. They'll pepper us with clarifications over the next week. A week later, they'll ask us for some small feature and we'll be like "here we go again"...

SBF

@SBF_FTX

Oct 31, 2020

6) so we'll role out that feature. And then the next day they'll send us a link to a beta version of their product. It's always shocking to see.

SBF

@SBF_FTX

7) This is a pretty consistent property of type Y teams: a) they have ideas of what to do b) they ask lots of clarification questions c) they ask for small features when necessary d) mostly they work around roadblocks on their own e) they actually release features. Fast.

9:52 AM · Oct 31, 2020Twitter Web App

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8) A huge amount of the space's development comes from a really small number of people and teams.

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and

Of course. This is how it supposed to be and how Switched on people work.

Adam Cochran (adamscochran.eth)

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and

Same when I worked in startup incubators. Hustlers can have lots of questions and want support but at some point they get out there and try - even if they fail. They move fast and keep trying. Others seem stuck in a holding pattern.