No potential analysis? So make the technically best solution, have a sound legal setup and a great marketing team... get funded.
I think 1. should first and foremost be potential to adoption. Follow by 2. potential to cause scarcity due to use & complexity. In other words how many real estate tokens/BC do we need?
If you get “new 1. and 2.” right then “old 4.” is an inevitable positive.
And, of course, before anything you still need to assess the team because if they lack the required rollercoaster passion, as well as vision, then both “old 1-4” as “new 1-anything” are all irrelevant.
Good insight. I would say vision is probably the most crucial.
A team can have all the skills in the world but if they have no idea where they are going with those skills probably not gonna get far.
Thanks!
I will go with first the required rollercoaster passion. You're sacrificing your life for 6-8 years of building. And at least five years of rollercoaster ride.
Vision matters, and how that ties in to potential token value too. But a lot will change along the road as well. Remember that Instagram was initially a full-blown social network but the users used only the photo filters (no wonder in that era our mobile cameras were crap). AirBnB was about airbeds, yes. Uber was a luxury limo rental.
Most startups will pivot two to three times. A white paper and BC, while more strict upon first thought, also offer much lenience to chance model. The core vision needs to have "spunk" but will eventually be only a minor part of the mainstreamed product.