2022Q3 (double down in bear market)
2022Q4 (end of typical crypto cycle)
2023H1 (end of typical macro cycle)
2023H2 and beyond
To bootstrap aggressively while sustaining long-term growth, how early should we spend all of our funds?
It’s better to be conservative and not spending too much in bear market (except for building), since its ROI in bear market for many initiatives are very low. But building in bear market is always the right way to prepare for the bull market.