KingPickle (@Kingpickle) / X

KingPickle

24.9K posts

KingPickle

@Kingpickle

KP // Developer // Snowboarding 🏂 // BAYC #8554 & MAYC #18132 // Ex Product Development @ApeCoin // Building @dengsonape

bayc.com/kingpickle

Joined September 2021

Pinned
KingPickle
@Kingpickle
Jun 6
You don’t get to choose when the market is right and the perfect Ape hits the floor(ish). But you know when you see it. Feels dope to achieve a goal that I’ve had for 5 yrs and to double down on my conviction in the club with my 1st BAYC. Bored Ape Yacht Club 🦍 @BoredApeYC
23K
KingPickle
@Kingpickle
May 5, 2022
1) Fuck it. I started a business and NFT project back in January. I thought I was prepared. God was I wrong. Here are the challenges and secrets that a lot of project founders face, but refuse to talk about. This is a 🧵
KingPickle
@Kingpickle
May 5, 2022
Replying to @Kingpickle
15) These are just a small handful of things that we weren’t planning for (to this extent). We haven’t even minted yet… but we refuse to quit. No matter what. Just keep pushing forward. And pray that someone notices the hard work and vibes with the mission or art. 🙏🏻
KingPickle
@Kingpickle
May 5, 2022
Replying to @Kingpickle
13) Mental Health Working so hard to please so many people with an organic process has a severe toll on mental health. I sleep less, I worry more. While I’m having fun, it’s draining. And the worst part is if founders talk about it, it could be perceived as weakness. Real talk.
KingPickle
@Kingpickle
May 5, 2022
Replying to @Kingpickle
2) Time For some reason I thought that because I could trade and be active in web3 while working a job, I could start a project in my free time. Nope. Had to quit my job and go full time in less than a month. I now work 12+ hours a day and often with little to show each day.
KingPickle
@Kingpickle
May 5, 2022
Replying to @Kingpickle
3) Money Very few projects are equipped for angel investing or VC funding. Most projects (like mine) are bootstrapped which means not only do we not make money until mint, we have massive expenses such as contract dev, marketing, moderators, etc. Things are always tight 😬
KingPickle
@Kingpickle
May 5, 2022
Replying to @Kingpickle
6) Mission vs Value Prop We assumed that helping solve world hunger and saving lives would be an enticing reason for people to buy our NFT. Again, NOPE. People want value, often equating to money or stuff. It’s sad but it’s real. Value doesn’t always mean doing good 😭
KingPickle
@Kingpickle
May 5, 2022
Replying to @Kingpickle
4) Buying Followers Any founder that says they never discussed buying followers is full of shit. There is this weird cycle where you need followers to get into alpha groups and collabs but you need the collabs to get the real followers. So everyone buys followers, and moves on.
KingPickle
@Kingpickle
May 5, 2022
Replying to @Kingpickle
11) Advisors 2/2 What project founders REALLY need when they say advisor, is a public face to connect them with big projects for collabs and to blast the shit out of your NFT on twitter and in spaces. But people pretend like they need to be a “consultant”.
KingPickle
@Kingpickle
May 5, 2022
Replying to @Kingpickle
5) The Market Nobody knows what the market sentiment will be next week. We’ve had to pivot 10+ times from cancelling a DA to changing our mint price. People love and hate different things every week and it’s impossible to predict or plan for.
KingPickle
@Kingpickle
May 5, 2022
Replying to @Kingpickle
12) Fucking FUD Only takes one influencer or one viral tweet to severely impact a project nowadays. Founders often feel like they’re walking on eggshells. It sucks.
KingPickle
@Kingpickle
May 5, 2022
Replying to @Kingpickle
14) Legal Luckily we have a good legal consultant but there were a lot of intricacies that came with starting an NFT “the right way” that we didn’t account for. Such as contracts that are valid overseas, proper incorporation, tax stuff, etc. DONT GET WRECKED. Protect yourself.
KingPickle
@Kingpickle
May 5, 2022
Replying to @Kingpickle
10) Advisors 1/2 OOF. We’ve spoken with 40+ NFT “advisors” and 90% of them are…🤦‍♂️. What they are really meant for is to help guide web2 brands that want to branch into web3 but know nothing. Not for veterans in the space wanting to start a project for the first time.
KingPickle
@Kingpickle
May 5, 2022
Replying to @Kingpickle
9) Contract Development We’ve gotten quotes from $500 to $65,000 from developers to write our contract. I’m not a dev. How do I know who is trustworthy. Not something you can skimp on but reputable people say we overpay. On-Team devs would want massive portions of our mint.