a16z partner Jesse Walden writes "Progressive Decentralization: A Script for Building Encrypted Applications." The article mentioned that the creators of crypto projects face a unique challenge. In addition to building the product people want, they need to think about how to successfully run the product in a decentralized manner. This is a daunting challenge, because many things are needed to build a successful product from the beginning-product leadership, rapid iteration, managed market access, and so on.
Walden proposes a three-step process that can be used as a guide on how to achieve this, through progressive decentralization-in the process, the founding team will gradually give up control over time. Doing this step by step allows the team to focus and create a path to compliance, including issuing tokens that they hope will not violate securities regulations.