There are hundreds and more proven ways to succeed as a web3 startup, but there may be hundreds and more ways to fail as a startup. It is still a mystery to many as to why startups fail or succeed.
Many assume it has to do with funding, but unfortunately, that’s not true. Funding has a relatively lower value in a startup success cycle. In fact, it just might be the last thing that makes a startup successful.
Prominent investor and Idealab founder, Bill Gross delved deep into this subject, uncovering an interesting revelation, which you can see below.
What’s amazing in Bill’s analysis of hundreds of companies is the fact that startup funding stands at the end of the queue, while team, execution, and timing account for over 70% of success. This underscores the value of building a great team, having the right execution strategy, and keeping the right timing in mind.
However, while these insights shed light on the multifaceted nature of the startup world, the challenge for web3 startups lies in applying this knowledge. This has to happen while you are building the product and figuring out how to take it to market or how to scale from where you currently stand.
Herein lies the question, who can guide and support these startups on their journey to success?
Enter Web3 Incubators and Accelerators:
Web3 is a rapidly evolving space, with various challenges that arise faster than you can figure them out. Startups building in web3 have to face legal complexities, funding, team building, growth partnerships, and most importantly, the question of scalability.
In the growth stage of any startup, having to face these hurdles alone is problematic. This requires the guidance and support of incubators and accelerators, who are dedicated to nurturing the growth of web3 ventures through their extensive network of partners, investors and VCs.
Let’s explore the top incubators and accelerators in web3 globally who can be instrumental in mentoring you and supporting you to success.
TDeFi:
Having incubated 60+ blockchain startups across sectors including DeFi, NFT, Healthcare, Infrastructure, Gaming, Metaverse, and more, TDeFi is a class apart in the incubator and accelerator landscape.
TDeFi’s Exploring Web3 Accelerator Program with DMCC is a widely known acceleration program for web3. The upcoming Cohort 3 of the program is set to happen with Elysium Chain as its blockchain partner. The top 3 projects stand to win $150K worth of investments from Elysium Chain. Blockchain startups from across the globe will be participating for comprehensive and strategic support to scale their web3 journey. Learn more here.
TDeFi identifies bold web3 founders with the aim of empowering them to shape the future of web3. From token economics to marketing and industry connections, TDeFi provides extensive support throughout the startup journey. Its web3 incubation program emphasizes personalized mentorship, guiding startups through the unique challenges and opportunities of blockchain.
At the heart of TDeFi’s approach lies expert networking, facilitating connections with industry leaders, investors, and thought leaders to foster collaboration and empower startups to thrive in the web3 ecosystem.
TDeFi helps startups with:
Web3 Services: Token economics, industry contacts, marketing, community development, exchange listing, liquidity provision, growth hacking, and more.
Web3 Incubation: Personalized mentorship, tailored support, addressing unique challenges and opportunities in blockchain.
Networking in Web3: Facilitating connections with industry leaders, investors, and thought leaders in web3 and blockchain industry.
Check out some leading web3 startups working with TDeFi: Vulcan Forged, Gari, Biconomy, FLUIDEFI, Palmswap, Racerclub, and more.
Outlier Ventures:
Outlier Ventures is another renowned web3 platform committed to the ideals of web3, aiming to create emancipated and equitable digital spaces. Outlier Ventures operates within this imaginative framework and offers the ‘Base Camp Accelerator,’ a program dedicated to discovering emerging Web3 businesses across many sectors, including DeFi, NFTs, infrastructure, and gaming.
Outlier Ventures encourages web3 startups to participate in this three-month remote program, which will provide money in exchange for an equity share. Beyond financial support, the accelerator provides vital assistance to startups in critical areas such as token design, tech stack choices, and fundraising methods.
Mesh:
Mesh, launched in 2015 by Ethereum co-founder Joseph Lubin, is a major web3 incubator and accelerator that brings together pioneers, projects, and protocols pushing decentralised innovation. Mesh’s acclaimed Tachyon accelerator program has helped many companies succeed in web3. Mesh, with a mission to advocate for a progressive web3 future, seeks fmbitious creators and develops a collaborative community to realize the full potential of decentralized technology.
With a diverse portfolio of equity and token positions, Mesh plays a pivotal role in shaping the entire Web 3.0 landscape. Moreover, Mesh’s Applied R&D team develops technologies and contributes to the Ethereum Foundation, driving innovation and advancement in decentralized ecosystems.
Alliance:
Alliance offers a robust Web3 accelerator program designed to empower founders with daily mentoring from seasoned crypto professionals and live lectures by Web3 experts.
The Alliance DAO founder community offers educational sessions, 1:1 mentorship, and weekly group sessions, where founders are equipped to overcome challenges and accelerate their projects, culminating in a Demo Day where they showcase their achievements to Alliance’s extensive network.
Antler:
Antler is a great incubation platform for web3 startups and entrepreneurs. They have a global network of investors and entrepreneurs to help you expand your reach or provide you with support.
They welcome entrepreneurs and startups in the very early stages of their company, before the company is founded or even in the pre-idea phase, helping them scale their vision.
GBV Capital:
GBV Capital is a respected blockchain-focused investment entity dedicated to driving meaningful change within the industry. With a seasoned team proficient in various aspects of blockchain technology, GBV Capital has refined its expertise over time.
Operating primarily as an early-stage investor, GBV Capital leverages its experience, network, and capabilities to foster the growth of emerging blockchain ventures. Specializing in blockchain technology, digital currency, and cryptocurrency investments, GBV Capital has established itself as a leading accelerator in the Cayman Islands, with a portfolio of successful ventures.
Brinc:
Brinc’s initiative, ZK Advancer, is designed to drive innovation in a variety of industries, including culture, the arts, entertainment, gaming, financial services, and decentralized finance (DeFi). The program operates remotely, ensuring worldwide accessibility and allowing global candidates to join.
Selected participants receive individualized help through a structured curriculum that begins with consumer persona creation and ends with a thorough fundraising plan. Brinc also funds selected candidates in exchange for equity and a program administration fee.
In conclusion, if you are looking to pioneer innovations in web3, these incubators and accelerators can champion a progressive future, empowering you to realize your true vision for shaping the decentralized ecosystem.
Join them to leverage their expertise and networking community to pave your way for advancements and innovation in the web3 startup ecosystem.
