2023 BCVC Web3 Founder Survey Results: Teams and Industry Seeking PMF

140+ Web3 Founders Share Their Thoughts on Existential Challenges

Leading up to our Annual Web3 Founders Summit, to gauge the audience and founder pain points of the time, we surveyed over 140 Web3 founders. We are pleased to share the results of the 2023 BCVC Web3 Founder Survey with you.

We asked respected web3 founders to share their perspectives on the biggest challenges facing their companies and our space in general. The survey covered 13 questions, meant to elicit both open-ended qualitative responses, as well as structured rankings of common challenges previously mentioned by web3 founders.

Thank you so much to the founders who took part in the survey. We really appreciate their willingness to share their time and your insights with us and with the broader Web3 builder community. The aim for this survey was to spark better conversations about what is truly important and needed for founders and our space to flourish. Their responses have already contributed to that. 

A few quick highlights to share from the report:

• Struggling to find product-market fit was the most common existential problem for our space by vote concentration. 20% of founders voted that it was the largest problem (more than 2x the next closest category).

• Managing product-market timing was the second most challenging issue. Founders are struggling to time their marketing, their launches, and their fundraising efforts. 

• Despite narratives that we’ve been hearing this year, compliance, fundraising, and the underlying scalability of the tech were less likely to be considered existential issues.
  

Please share the survey results with other builders, investors, or friends in the space. Help us make sure that these founder insights help both experienced web3 operators and newcomers to the web3 community. Feel free to share your own take on the results or share one of our recent posts on the subject made by the Bloccelerate team

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