The Challenge in Web3 Business Growth

Navigating the Complexities of Growth in the Web3 Ecosystem.

Growth in the Web3 space presents unique and significant challenges for projects of all sizes. These hurdles can impede efficient scaling and strategic development.

• Information Overload & Accessibility:

  "The problem which we go through right now is that people really don't have the right platforms where they could really find who could be the best and perfect match for them. So this is one of the key problems: information overload, and then also accessibility to that information is also a big problem."

• Ineffective Business Development (BD):

  • Talent Gap: "It's also hard to find the right talent who could drive that for these projects. This is one very, very, very big problem that the talent is missing, and then onboarding them is a big pain."

  • Spam & Low-Quality Outreach: "The other aspect of the BD process is that people spam a lot in your inboxes when they reach out to you. So you are overwhelmed with the number of responses..."

  • Limited Networks: "Your connections, personal connections, are just not enough. There needs to be a way how we can actually build a network which can help you get access to anyone and everyone who is relevant for you."

• Time-Consuming Due Diligence:

  "Consuming information on the projects who you want to reach out to is also a very time-consuming process because they are of technical nature. They need a lot of homework; you need to do a lot of due diligence research... It's a tough job. It's a time-consuming job."

• Competitive Blind Spots: "Another aspect when you want to grow your business is you need to keep an eye on your competitors... that edge also is important if you really want to be on top of your game."

• Identifying Relevance (and Irrelevance): "Saving time is not only needed on the front of consuming the information faster, but also what not to consume."

• Inefficient Networking: "When you go to events, it's also hard to know who is coming to those events... that preparedness is also important when you do your BD."

• Low Conversion Outreach: "It's also a time consuming, tedious job to actually curate that right proposal. So that also demands a lot of time and expertise."

• Fragmented User Acquisition: "In order to increase the user base, you also need to find like which avenues one can target in order to find the right users to onboard."

• Strategic Clarity: "It's also important to have a very clear strategy: Clear growth strategy. Clear business development strategy. Clear user acquisition strategy... All these things demand you to do your due diligence on your competitors and people."