Acceleration simply means the act or process of making something happen more quickly. Similarly, an Acceleration Program refers to a process that transforms the participants’ skills and abilities and makes them a better entrepreneur in a defined timeframe.
An acceleration program is often associated with startup ecosystems, providing support and resources to early-stage companies to expedite their growth. Y-Combinator in 2005 revolutionized this idea with the vision to help startups scale from idea to company.
Who is it for?
An acceleration program is optimal for individuals or startups who are looking to rapidly grow their startups. Typically, these programs provide seed funding, mentorship, networking opportunities, and initial clients/users to help participants scale their ventures quickly.
Simply put, it’s ideal for an ambitious entrepreneur with the hunger to learn, grow and scale heights.
It gives participants the opportunity to become a part of the growth ecosystem featuring the sharpest business minds. They get to learn the recipe of Success from those who have already built Million Dollar companies and have the opportunity to network and build relations with peer founders. They collaboratively ideate, brainstorm, onboard initial users and gather feedback on their product, while raising capital and building long lasting connections with the investors.
Companies like Coinbase, Stripe, Airbnb, Doordash and much more…. that continue to inspire the new generation of entrepreneurs, were once small startups and they too participated in the Acceleration Program to take off.
Is the Acceleration program beneficial for Web3 Startups too?
Let’s sneak peek into similar historical events and try to interpret the relevance of the Acceleration Program for Web3 startups.
The dot-com bubble (1997 – 2000) was a period of rapid market growth due to the widespread adoption of the World Wide Web and the Internet, resulting in rapid growth in valuations of startups. The valuations could not be sustained as those were not in line with business metrics (profits), therefore, a lot of companies failed and shut down.
With the bubble burst, there was a market opportunity for an Accelerator to jump in and help them build sustainable Web2 businesses. This is when Y Combinator was launched, it provided initial investments, guidance and mentorship to support these startups in their early stages and prepare them for a growth journey. By now, Y Combinator has funded 5000 startups with $600B+ combined valuation.
We stand 2 decades fast forward to the year 2024 and the narrative today is Web3 instead of Web2, rest assured, the prevailing situation is the same.
We have been through multiple bull bear cycles but still there is a high variance between their valuations and business performance. There is a need for Web3 Startups to take guidance and learn from the industry leaders, and build long term sustainable business. This also requires a shift in mindset, what Chris Dixon calls as the “computer vs. casino” mentality.
Seems you are convinced of the value additions that Acceleration programs bring, check out our Cohort-3 of Web3 Acceleration Program and join this initiative.
Web3 Acceleration Program
With the vision to offer strategic support to founders and help them scale their Web3 journey, TDeFi is glad to launch the Web3 Acceleration Program in collaboration with DMCC and Elysium Chain as its blockchain partner for the program. The top 3 projects stand an opportunity to receive $150K worth of investments from our Blockchain Partner.
Read our Cohort-2 Post event report here: LINK
This 2-month long virtual Acceleration program will offer hands-on support to selected promising startups, guiding them on their journey from 0 to 1. We have a Director at Polygon Labs, Founding Partner at SuperScrypt, Chief of Staff at Manta Network and others as Mentors for the Program.
Participants will be exposed to 15+ ????????? ?????? ???????? from industry leaders covering every aspect from Legal and Compliance to Marketing, and Fundraise Strategy to Token Economics Design.
The program culminates in a Demo Day where selected startups will pitch to a network of VCs, family offices and investors representing $1B+ in AUM. Our Blockchain partner – Elysium Chain will select the top startups and invest $150K in their Seed Rounds (subject to completion of milestones- Check out the FAQs).
Check it out here: Web3 Acceleration Program
Acceleration in Real Sense
Following are the benefits that Web3 startups get from the program-
• Opportunities for investments up to $150,000.
• Engage with industry experts in live mentorship sessions.
• Workshops sessions with blockchain leaders.
• Experience impactful learning through rigorous, execution-focused assignments.
• Structured sessions that cover every aspect of token project from Legal and compliance to Token economics and from User Acquisition to Web3 Marketing
• Inclusion in our organic marketing efforts and promotion within our network.
• Pitch in Demo Day to a room of mentors, VCs and Family offices representing $1B+ in AUM.
• Become a part of our exclusive Alumni Club
Seems Interesting, Apply Now: HERE
See you in the program! If you have any questions, feel free to connect with us at [email protected].
