Starting a Web3 Project Team from Scratch

11 replies 495 views
0xFoxMember
Posts: 11 · Reputation: 97
#1Oct 4, 2021, 09:09 AM
I'm planning to kick off a Web3 project from the ground up, and I don't have a team in place yet. My main question is: what’s the best way to build a solid team? How do you find and screen developers, designers, or other contributors when money is tight and the project is still just an idea along with an architecture document? (This use case is gonna shape the future of blockchain) Another thing on my mind is trust... how can I ensure the people I bring on board won’t just take the idea and run to create their own version? I’d really appreciate tips on practical first steps: where to search, how to approach potential teammates, and what kind of incentives work best at this early stage. If the incentives are attractive enough, how can I get investors to join as co-founders? Particularly since this isn’t some quick cash grab for a shitcoin. I’m aiming for a leader in next-gen web3 and crypto. I’d love some advice on how to protect the core concept from being stolen. How should we approach this kind of project, and what should key points on the roadmap be to prevent idea theft? An idea is super fragile light enough to be taken away, but heavy enough to change the course of civilizations. Can’t wait for all the good vibes! Thanks!
4 Reply Quote Share
its_foxSenior Member
Posts: 236 · Reputation: 1432
#2Oct 4, 2021, 02:08 PM
Start with small fund or small concept and share only whats needed, build an MVP yourself or with freelancers first. Use NDAs, private repos, and clear contributor agreements. Network in Web3 hackathons, DAOs, and dev communities to find aligned builders. Most important is web3 loves airdrops so make an incentivize program with equity/tokens, not just pay. Well many more but this is enough suggestion.
2 Reply Quote Share
0xFoxMember
Posts: 11 · Reputation: 97
#3Oct 4, 2021, 03:55 PM
Thanks a lot @cryptoaddictchie 🙏 your reply really help me. MVP first + share only needed part + NDAs and all that, I will keep this in mind. Also true, Web3 people like airdrops more than just pay 😅. I also hope some seniors/elders here can give more advice… like what is the safe roadmap and how to handle early stage without idea theft. How to bring investors if required. Every suggestion is gold for me right now. Always open to learn from those who’ve been through these paths before.
2 Reply Quote Share
Posts: 79 · Reputation: 247
#4Oct 4, 2021, 07:56 PM
Since you say it is the use-case that is the real treasure, I suggest you first make absolutely sure there truly is nothing already in existence that is capable of addressing that case. The technical capabilities available nowadays in blockchain are so numerous it seems extremely unlikely nothing already existing has enough capabilities to allow it to be applied to your use-case. It thus seems very likely that something already existing can do enough of what your use-case needs that you can proceed directly to your real treasure, your use-case, without any "reinventing of the wheel" as it were; focus directly on the use to which it is put. Indeed I suspect it is very likely thorough-enough research into technical capabilities already in existence will reveal more than one already-existing "wheel" which can do the job, so that you will even be able to be free of reliance upon any one underlying architecture /platform, giving much more flexibility than a "solution" that locks you in to just one underlying. If what you want to do truly is impossible using existing technology your target industry or demographic is probably already trying to adapt existing technology to their use-case so you might do better, and find sympatico team-mates along the way, starting with helping them make the best use they can of what already exists while running by them your ideas about whatever fundamental architectural features you think would revolutionise the applicability to their use-case yet think is not actually already out there albeit maybe not currently recognised as applicable or even just not yet stumbled-upon by the industry or demographic... -MarkM-
2 Reply Quote Share
cold5tor4geSenior Member
Posts: 349 · Reputation: 1415
#5Oct 4, 2021, 11:01 PM
Existing ecosystem that readily absorb the projects token and providing liquidity for it existence and increase value onnthe long term, this is mostly important as we mounth out all other factors that contribute to make a token successful in the market. Let not forget also to mentioned some if the things that have limit or made some projects to fail on the long run such as technical follow up with development that kick against exploitation, secondly making sure that the supply remian as limited as possible.
1 Reply Quote Share
Posts: 79 · Reputation: 247
#6Oct 4, 2021, 11:41 PM
You are sounding like one of those people who just wants to make yet another shitcoin and are just making up excuses for doing so. Most likely your "use case" can perfectly well be taken care of using bitcoin, but everyone keeps trying to make up arbitrary excuses for "needing" a whole new "token". Bitcoin already has almost all of the potential "technical issues" taken care of, including, importantly if you really do plan something long-term rather than yet another scammy money-grab, security. I find it very hard to believe whatever your supposed "use case" is really "needs" yet another shitcoin, let along yet another shit-token. The more you write the more it seems to become clear that this is nothing to do with any real use-case but, rather, just another attempt to bullshit yet another shitcoin or shittoken into existence, the real goal being to have a token to scam people with not any real use-case at all. -MarkM-
3 Reply Quote Share
0xFoxMember
Posts: 11 · Reputation: 97
#7Oct 5, 2021, 03:57 AM
Appreciate you taking the time to write such a detailed response 🙏 I understand where you’re coming from, and I respect you and respect the caution becuase the space is already flooded with “yet another token” projects. That’s exactly why I’ve been very clear from the start, this isnt about cooking up another quick coin or cash grab or shitcoin. Just trying to show my excitement and confidence, not to hype up anything fake. I’m genuinely serious about building something solid here. Think of this as a Genesis moment in Web3... a next-gen ecosystem with a revolutionary blockchain at its core. I also take inspiration from how Satoshi Nakamoto once stood at a very similar starting point. Just an idea, no team, no investors, and alot of people doubting wether the world even needed another digital currency. Yet the vision and execution changed everything. And we have Bitcoin, a revolutionary invention that changed the rules of money, creating possibilities that nobody had even imagined before. Bitcoin Whitepaper “October 2008”... think about it, there were plenty of brilliant minds in the cyber world back then, pushing breakthroughs left and right. Yet the vision of digital assets, something that would change the course of finance forever, existed in just one mind, as a single idea! And the brilliant part is, his words still stand strong today, proving how right he was back when the whitepaper was written. He was able to see the future of his innovation. I’m standing at that same starting line now an Idea!, and I see the doubts as fuel. The way I look at it, every disruptive project in crypto started out as “impossible” or “unnessary” in someone’s eyes. Your feedback is valuabe, and I take it as a reminder to sharpen the path and research even deeper into what’s already out there before building. But as for my years of research there is non of similar exists. Elders here on the forum have walked this road longer than me, so any further wisdom or hard earned lessons you can share will only help me refine this journey. Thanks again for pushing me to think sharper 🙌
4 Reply Quote Share
0xFoxMember
Posts: 11 · Reputation: 97
#8Oct 6, 2021, 06:15 PM
I sincerely appreciate your perspicacious insights 🙏 You’re making some solid points here. Definitely agree that liquidity, long term value, and keeping supply in check are key. Also, technical follow-ups to prevent exploits are often overlooked but crucial. Glad you highlighted these, it’s always good to hear valuable insights.
4 Reply Quote Share
wolf_blockFull Member
Posts: 125 · Reputation: 586
#9Oct 6, 2021, 09:18 PM
Perhaps you should simply look for people with experience with Blockchain and smart-contract development on webpages intended to find people to hire, like LinkedIn or even GitHub. Once you start to get Resumes from those people interested in working with you try to select those with the needed skills for your project and also within the range of salaries you can pay with your initial budget. It is not really hard to find people talented within the market of developers for Web3 applications, what it really difficult is to make ones project profitable and sustainable in the long term without sacrificing trust and integrity. Also, from the very start you need to be very clear on what Blockchain you are going to launch your project.
6 Reply Quote Share
SilentGuruSenior Member
Posts: 432 · Reputation: 1445
#10Oct 7, 2021, 01:57 AM
Usually for core idea it's just matter of NDA like stated by other people here. I think for building a team you can try your luck in X but be sure to avoid scams, there are many people building team from there, even some founders are KOLs. or you can simply visit devcon and meet other devs, maybe there are some people with same vision as you.
1 Reply Quote Share
calmfalconSenior Member
Posts: 181 · Reputation: 966
#11Oct 7, 2021, 02:45 AM
Visiting conferences and meetups will also be a good point for OP.  I've seen a lot of cofounders meeting in local meetups. There always are conferences or such meetups going all around the world and attending these can not only be beneficial to build a team but also to build a strong network. Any such project will need good connections as just building the project is not important anymore but making the project public accessible is important for a better future. Once OP is able to hire a strong team, he/she can think about raising investments. Without a strong team or a strong product it is really quite difficult to get investments these days. Even approaching qualified people on LinkedIn can be useful as LinkedIn provides some really good tools for founders as well as employers.
0 Reply Quote Share
miner_bullFull Member
Posts: 92 · Reputation: 642
#12Oct 7, 2021, 05:52 AM
Hiring a team can be quite expensive as you need brilliant minds to work for you but they will expect a good pay as well. The amount of time they spend should be well rewarded and for this you either will need to invest from your own pocket or approach a few investors. Even getting investments just on idea stage is very difficult now as almost everyone has some or the other idea but not all of those are worth investing. If you have a solid concept, you can start by pulling some funds from friends and family and work on a beta version to showcase to potential investors. If they like your product, they will surely invest which can make you build a strong team. The future of your project will depend on the team you hire. Your team should really be dedicated and have required skills to make your project stand out in the queue. Make sure you trust your team and it is better to hire local team from your country so you can arrange offline meetings often as it will keep you in touch with them personally.
0 Reply Quote Share

Related topics