Case Study
Web3 Verifiable Credentials Wallet: From $1M+ Burn Rate to Launch in 4 Months
Client: Major Public University's Enterprise Technology Division || Industry: Higher Education Technology || Project Duration: 4 months to pilot launch

The Challenge
A university innovation team was two years into developing a cutting-edge digital identity wallet for verifiable credentials. Despite having 15 top-tier engineers (including blockchain experts, DevOps, backend, and frontend specialists) and a monthly burn rate of $1.5 million, the team had yet to deliver a working MVP.
The situation was critical:
Grant deadlines were being missed repeatedly
A kanban board with hundreds of tickets and dozens stuck "In Progress"
A technical product manager stretched thin trying to manage JIRA instead of product strategy
A project manager who wasn't actually managing
Executive stakeholders and grant funders growing increasingly frustrated
Visionary leadership and talented developers, but no strategic operational management connecting the two
The Results
4 months after engagement: Functional pilot applications released and deployed
Cost optimization: Monthly burn rate reduced from $1.5M to $150K through focused team restructuring and efficiency gains
Team transformation: Engineers could finally focus on building instead of navigating JIRA jungle
Stakeholder confidence restored: Grant funders saw tangible progress and renewed their commitment to the project
The Approach
As Product Manager, I implemented a focused, hands-on operational and strategic management approach:
Established Clear Priorities
Cut through the hundreds of tickets using grant deliverables and early user feedback data to identify true MVP scope
Created a realistic roadmap with firm milestones tied to grant deadlines
Negotiated technical scope with engineering, reducing it to fit the allowable time and satisfy pilot usage scenarios
Implemented Disciplined Execution
Restructured the kanban board with WIP limits and clear definitions of done
Introduced daily standups with accountability for blockers
Set up weekly stakeholder syncs and, critically, extracted what success actually looked like for leadership—turns out they wanted far less than what engineering was trying to deliver
Created a communication cadence that kept leadership informed without micromanaging the team
Bridged Strategy and Execution
Translated executive vision into actionable release plans and engineering tasks
Protected the engineering team from scope creep and competing priorities
Made hard trade-off decisions to keep the team focused on the pilot goal
Key Takeaway
Even the most talented teams need someone to bridge the gap between executive vision and engineering execution. The breakthrough came from asking leadership what success actually looked like—and discovering they wanted far less than what engineering was trying to build. With clear priorities, operational discipline, and strategic focus, we transformed two years of spinning wheels into four months of meaningful delivery.
