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Future Web3 Startups Will Grow in Quantum Leap Labs' ICP Incubator. ššš£
Quantum Leap Labs is making a groundbreaking move by establishing North America's first-ever Internet Computer Protocol (ICP) incubator. This initiative aims to accelerate the growth of innovative projects built on the ICP platform. Strategically located within the ICP ecosystem, the incubator offers extensive support to startups, guiding them from conception to launch. The endeavor is a collaborative effort with ICP HUB Canada & US.
š Two-Pronged Approach to Foster Innovation
The incubator has established two core programs:
š¹Accelerator Program: Designed to empower experienced teams already developing their Minimum Viable Product (MVP) within the Web3 space.
š¹Resident Program: Aimed at nurturing promising ideas from hackathon victors and student entrepreneurs.
š A Holistic Support System for Startups
Quantum Leap Labs Incubator provides a comprehensive range of services, including:
š¹Guidance on legal compliance and decentralized governance.
š¹Expert advice on creating sustainable token models.
š¹Tailored strategies for marketing and social media engagement.
š¹Assistance in securing grants.
š¹Technical support for project infrastructure optimization.
š¹Strategies for community building and user acquisition.
š Founders' Perspectives
Javier Arroyo Ferrer, the driving force behind Quantum Leap Labs, emphasizes the incubator's vital role in providing a professional and nurturing environment for ICP projects. Tech Advisor Ritvick Paliwal highlights the comprehensive support system that ensures the long-term success of entrepreneurs.
š Embark on the Innovation Journey
Aspiring entrepreneurs and tech enthusiasts are encouraged to apply and become part of this transformative experience. Applications are currently being accepted, with the first cohort set to begin in late June.
#ICP #InternetComputer #QuantumLeapLabs #startup #Web3Startups
Quantum Leap Labs is making a groundbreaking move by establishing North America's first-ever Internet Computer Protocol (ICP) incubator. This initiative aims to accelerate the growth of innovative projects built on the ICP platform. Strategically located within the ICP ecosystem, the incubator offers extensive support to startups, guiding them from conception to launch. The endeavor is a collaborative effort with ICP HUB Canada & US.
š Two-Pronged Approach to Foster Innovation
The incubator has established two core programs:
š¹Accelerator Program: Designed to empower experienced teams already developing their Minimum Viable Product (MVP) within the Web3 space.
š¹Resident Program: Aimed at nurturing promising ideas from hackathon victors and student entrepreneurs.
š A Holistic Support System for Startups
Quantum Leap Labs Incubator provides a comprehensive range of services, including:
š¹Guidance on legal compliance and decentralized governance.
š¹Expert advice on creating sustainable token models.
š¹Tailored strategies for marketing and social media engagement.
š¹Assistance in securing grants.
š¹Technical support for project infrastructure optimization.
š¹Strategies for community building and user acquisition.
š Founders' Perspectives
Javier Arroyo Ferrer, the driving force behind Quantum Leap Labs, emphasizes the incubator's vital role in providing a professional and nurturing environment for ICP projects. Tech Advisor Ritvick Paliwal highlights the comprehensive support system that ensures the long-term success of entrepreneurs.
š Embark on the Innovation Journey
Aspiring entrepreneurs and tech enthusiasts are encouraged to apply and become part of this transformative experience. Applications are currently being accepted, with the first cohort set to begin in late June.
#ICP #InternetComputer #QuantumLeapLabs #startup #Web3Startups
More than $30bn was invested in crypto startups by venture investors in 2022 across 2900 deals
#dyor #Binance #Wealthytalkz #Crypto #startup
#dyor #Binance #Wealthytalkz #Crypto #startup
According to data acquired by Finbold, as of November 2022, Ripple, with a valuation of $15 billion, ranked in the 10th spot among leading U.S. startups. #Binance #ripple #xrp #startup #amongstop10
Swiss cryptocurrency #startup SwissBorg is providing its community and the Phaver community with the chance to participate in the private token sale of the Web3 social app Phaver. The allocation size for #participants depends on their Phaver level, with higher levels receiving #larger allocations. To take part, individuals must #complete SwissBorg tasks over a three-week period, with a level snapshot scheduled for September 19th. The sale itself is slated to #commence on September 20th.
Up Chain: An Innovative Platform for Startups and Investors in the World of Cryptocurrencies
Up Chain logoHow is Up Chain Changing the Rules of the Game in the Investment Market?Up Chain is a blockchain project that is revolutionizing the way startups receive investment and how investors find promising projects across industries. This innovative approach to the investment process not only ensures transparency and security, but also makes it more accessible to a wider audience, including novice investors.Advantages of Up Chain for startups:Guaranteed Uniqueness: Startups operating on the Up Chain platform gain undeniable uniqueness by storing their data on the blockchain. This gives them priority and exclusive rights to their intellectual property.Freedom of Choice: Entrepreneurs can set their own conditions and limits for raising the necessary funds. There are no restrictions, only your strategy and goals.Automated Advertising: The Up Chain platform takes on the task of advertising and promoting startups, giving them maximum visibility and exposure to potential investors.Instant Access to Funds: The use of collected funds becomes possible immediately after the completion of the investment, which facilitates the prompt implementation of plans.Unique NFT Shares: Providing investors with unique NFTs that represent ownership of shares in a company adds value and makes the investment more interesting.Personal Cryptocurrency and Dividends: Startups can issue their own cryptocurrencies and provide dividends in that currency, giving more options for investment and return of capital. Startups can use cryptocurrency in their projects.Why is Up Chain interesting for crypto market participants?Minimum Investment: With Up Chain, you can start investing in startups with a minimum threshold of just $1, making cryptocurrency investing accessible to everyone.Unique NFT Rights: Investors who purchase shares in the project receive unique NFT tokens that confirm their rights to own shares in the startup.Guaranteed Compliance with Commitments: Up Chain provides control over the fulfillment of obligations on the part of startups, which increases the reliability of investments.Convenient Cryptocurrency Exchange: Using the Crypto Bridge, users can easily transfer different cryptocurrencies to the platform and exchange them for Upc (Up coin - Up Chain blockchain coin) for further investments.The Up Chain platform aims to change the investment landscape, making it more democratic and transparent, as well as opening up new opportunities for startups and investors in the world of cryptocurrencies. This space is full of innovation and Up Chain is one of the key players that is changing the rules of the game and creating a new future for business and investment.#upchain #Bitcoin #startup #ETH
What you need to do to have a successful project? šš¤
Launching:
- Start now; don't wait for the perfect moment.
- Build something people truly want; focus on solving a real problem.
Execution:
- Embrace tasks that don't scale initially.
- Seek the 90/10 solution; prioritize what brings the most impact.
- Engage with 10-100 customers who genuinely love your product.
- Write code and continuously talk to users for feedback.
Mindset:
- Remember, it's not just about your money; focus on value creation.
- Understand that growth follows a great product, not the other way around.
- Resist scaling your team/product prematurely; build a solid foundation first.
Perspective:
- Valuation doesn't guarantee success; focus on delivering value.
- Avoid lengthy negotiations with big customers; time is precious.
- Steer clear of corporate development queries from big companies.
Approach:
- Be selective with conferences; prioritize customer acquisition channels.
- In the pre-product market fit stage, do things that don't scale; stay nimble.
- Concentrate on solving one problem exceptionally well at a time.
Relationships:
- Founder relationships matter more than commonly perceived.
- Consider parting ways with customers if they are hindering progress.
Competition:
- Ignore competitors; focus on your path. Self-destruction is a greater risk than external competition.
Sustainability:
- Most companies don't fail due to running out of money; it's often deeper-rooted.
- Be nice or, at the very least, avoid being a idiot.
Well-being:
- Prioritize sleep and exercise; take care of your mental and physical health.
Remember, success is a journey, and these principles can guide you through the challenges of building a successful project or startup.
#startup #motivation
Launching:
- Start now; don't wait for the perfect moment.
- Build something people truly want; focus on solving a real problem.
Execution:
- Embrace tasks that don't scale initially.
- Seek the 90/10 solution; prioritize what brings the most impact.
- Engage with 10-100 customers who genuinely love your product.
- Write code and continuously talk to users for feedback.
Mindset:
- Remember, it's not just about your money; focus on value creation.
- Understand that growth follows a great product, not the other way around.
- Resist scaling your team/product prematurely; build a solid foundation first.
Perspective:
- Valuation doesn't guarantee success; focus on delivering value.
- Avoid lengthy negotiations with big customers; time is precious.
- Steer clear of corporate development queries from big companies.
Approach:
- Be selective with conferences; prioritize customer acquisition channels.
- In the pre-product market fit stage, do things that don't scale; stay nimble.
- Concentrate on solving one problem exceptionally well at a time.
Relationships:
- Founder relationships matter more than commonly perceived.
- Consider parting ways with customers if they are hindering progress.
Competition:
- Ignore competitors; focus on your path. Self-destruction is a greater risk than external competition.
Sustainability:
- Most companies don't fail due to running out of money; it's often deeper-rooted.
- Be nice or, at the very least, avoid being a idiot.
Well-being:
- Prioritize sleep and exercise; take care of your mental and physical health.
Remember, success is a journey, and these principles can guide you through the challenges of building a successful project or startup.
#startup #motivation
In 2023, despite Bitcoin's strength, the #Web3 #startup industry faced a drastic drop in investments. Crunchbase reported a 76% reduction in capital attracted compared to the previous year, totaling only $1.8 billion in the second quarter. The total number of deals dropped by 51% to 322. The first half of 2022 was even worse, with Web3 projects attracting only $3.6 billion, a 78% decrease.
Sergey Kovalev, founder of #Afford.Capital described the situation as "grotesque" as funding decreased nearly tenfold. High-value projects traded at significant discounts, and startups were dwindling.
Large venture capital firms managed well, but smaller companies struggled, some even suspending operations. Alexander Mamasidikov, founder of #CrossFi noted that the crypto startup funding #market matured and shifted from a 'revolution' perspective to an 'evolution' view. More interest was directed towards projects bridging TradFi and DeFi.
In the first six months of 2022, 15 investment rounds exceeded $100 million each, but this year saw only three such rounds, indicating a significant decline. Notably, big investors shifted focus to artificial intelligence, which attracted $25 billion.
Mamasidikov highlighted the need for proper positioning, niche identification, audience engagement, community building, and continuous technological improvement for successful projects.
In a challenging market, startups seek funding through grants, corporate funds, accelerators, or crowdfunding platforms. UNICEF, for instance, offers non-equity contributions. Polkadot Foundation and grant programs like NEAR and Harmony Ecosystem Fund support Web3 initiatives.
In conclusion, while the venture capital market faces difficulties, large firms fare better than smaller ones. The crypto startup funding market is evolving, focusing on projects bridging traditional and decentralized finance. Success hinges on proper project management, with inexperienced staff and a lack of clear strategies causing many startups to fail.
Sergey Kovalev, founder of #Afford.Capital described the situation as "grotesque" as funding decreased nearly tenfold. High-value projects traded at significant discounts, and startups were dwindling.
Large venture capital firms managed well, but smaller companies struggled, some even suspending operations. Alexander Mamasidikov, founder of #CrossFi noted that the crypto startup funding #market matured and shifted from a 'revolution' perspective to an 'evolution' view. More interest was directed towards projects bridging TradFi and DeFi.
In the first six months of 2022, 15 investment rounds exceeded $100 million each, but this year saw only three such rounds, indicating a significant decline. Notably, big investors shifted focus to artificial intelligence, which attracted $25 billion.
Mamasidikov highlighted the need for proper positioning, niche identification, audience engagement, community building, and continuous technological improvement for successful projects.
In a challenging market, startups seek funding through grants, corporate funds, accelerators, or crowdfunding platforms. UNICEF, for instance, offers non-equity contributions. Polkadot Foundation and grant programs like NEAR and Harmony Ecosystem Fund support Web3 initiatives.
In conclusion, while the venture capital market faces difficulties, large firms fare better than smaller ones. The crypto startup funding market is evolving, focusing on projects bridging traditional and decentralized finance. Success hinges on proper project management, with inexperienced staff and a lack of clear strategies causing many startups to fail.
UNDERSTANDING STARTUP FUNDING STAGES
I recently tried searching for an article to briefly explain the different stages of #startup funding to someone, but I found it difficult to find something that was concise and straightforward. This article aims to provide a clear and easy-to-understand overview of the various stages of startup funding.
1. #Pre-Seed Round ($0 to $50,000): This is the bootstrapping stage. Funds are provided by startup owners, friends and family members.
2. #Seed Round ($50,000 to $3 million): This round is the product development stage. Funds can be sourced from micro VCs, angel investors, crowd funding, friends and family members.
3. #SeriesA Funding ($3 million to $6 million): First round of VC. Funds can be sourced from accelerators and VCs.
4. Series B Funding ($10 million to $30 million): Second round of VC. Funds can be sourced from VCs.
5. Series C Funding ($30 million to $50 million): Third round of VC. Funds can be sourced from VCs, private equity firms, hedge funds and banks.
6. Series D Funding ($50 million and above): Special round of funding. Funds can be sourced from VCs, private equity firms, hedge funds and banks.
7. #IPO (Uncapped): Stock market launch. This is basically generating funds by offering corporate shares to the public.
I recently tried searching for an article to briefly explain the different stages of #startup funding to someone, but I found it difficult to find something that was concise and straightforward. This article aims to provide a clear and easy-to-understand overview of the various stages of startup funding.
1. #Pre-Seed Round ($0 to $50,000): This is the bootstrapping stage. Funds are provided by startup owners, friends and family members.
2. #Seed Round ($50,000 to $3 million): This round is the product development stage. Funds can be sourced from micro VCs, angel investors, crowd funding, friends and family members.
3. #SeriesA Funding ($3 million to $6 million): First round of VC. Funds can be sourced from accelerators and VCs.
4. Series B Funding ($10 million to $30 million): Second round of VC. Funds can be sourced from VCs.
5. Series C Funding ($30 million to $50 million): Third round of VC. Funds can be sourced from VCs, private equity firms, hedge funds and banks.
6. Series D Funding ($50 million and above): Special round of funding. Funds can be sourced from VCs, private equity firms, hedge funds and banks.
7. #IPO (Uncapped): Stock market launch. This is basically generating funds by offering corporate shares to the public.
š„ #Transak has raised $20 million in a Series A #funding round led by CE Innovation Capital
#Web3 payments #startup Transak has raised $20 million in a Series A funding round led by early-stage venture capital firm CE Innovation Capital. The funding will be used towards a continued global expansion of Transak.
#Web3 payments #startup Transak has raised $20 million in a Series A funding round led by early-stage venture capital firm CE Innovation Capital. The funding will be used towards a continued global expansion of Transak.
š„ #Narval has raised $4 million in a seed round led by #BlockTower VC
French #startup Narval has announced a $4 million seed round led by BlockTower VC. With the fresh funds, the startup will be hiring engineers and a designer while continuing to work on the platform and boosting marketing efforts.
French #startup Narval has announced a $4 million seed round led by BlockTower VC. With the fresh funds, the startup will be hiring engineers and a designer while continuing to work on the platform and boosting marketing efforts.
7 startup problems and 7 solutions from Up Chain ā
1. Lack of Funding: Startups may face the problem of lack of funding, especially in the early stages of development. This may be due to the lack of a sufficient number of investors who are willing to invest money in new projects, or to high requirements for return on investment.Solution from Up Chain: No matter what stage of development your startup is at, you can always start receiving investments from investors through the Up Chain crypto project.2. Difficulty Finding Clients: Startups can have a hard time finding their first clients, especially if they don't have much sales experience. This can lead to low profits and the inability to grow the business.Solution from Up Chain: By receiving investments through the Up Chain project, you receive investments for all your needs, including advertising your project, which eliminates the problem with clients.3. Scaling Problems: A startup may face scaling problems when it starts growing and requires more resources such as personnel, equipment, etc.Solution from Up Chain: Any startup can receive repeated investment through the Up Chain project for different rounds of investment.4. Competition in the Market: It can be difficult for a startup to compete with established companies in the market, especially if their products and services are already well known and popular.Solution from Up Chain: Using the services of the Up Chain project, unlimited development opportunities open up for your startup, then everything depends on you.5. Lack of qualified talent: Startups may have difficulty recruiting qualified people, especially at the beginning of their development.Solution from Up Chain: by joining the Up Chain blockchain project, you join a family of startups, investors and just people who are monitoring the rapidly developing market. In the project you can make acquaintances in the business sphere or find new members of your wonderful team.6. Legal Protection Issues: Startups may face legal protection issues regarding their intellectual property rights, especially if they operate in a rapidly changing technological environment.Up Chain Solution: By registering your project on the Up Chain blockchain, your project is preserved and its uniqueness is preserved in our blockchain forever. You can always prove that your project belongs only to you!7. Low Brand Awareness: Startups often face the problem of low brand awareness, especially in the initial stages of their development. This can make it difficult to attract new customers and increase sales.Solution from Up Chain: By joining Up Chain you become part of a large business community, which already increases brand awareness, and your project will also be exhibited on the Up Chain service. Up Chain's goal is to support every startup as much as possible.#startup #Blockchain #upchain #BTC #ETH
HOW TO DETERMINE THE AMOUNT OF FUNDING YOUR STARTUP NEEDS
- Let's Make It Easy -
To determine the amount of funding needed for your startup, this formula may be helpful:
___________
Multiply the number of people you want to hire, times $15,000 times 18 (months).
EXAMPLE Let's say you need to employ 10 persons:
5 x $15000 x 18 = $2,700,000Ā
This means that $2.7 million is the amount your startup needs to function for the next 18 months.
___________
I would appreciate it if you could find time to comment on other easy ways to determine the amount of funding a startup needs.
Formula Credit: Paul Graham (CEO of Y Combinator)
#startup #Funding #Ceo #SeedFunding #InvestmentInsight
_______
I recommended that you also go through my post titled:
UNDERSTANDING STARTUP FUNDING STAGES
- Let's Make It Easy -
To determine the amount of funding needed for your startup, this formula may be helpful:
___________
Multiply the number of people you want to hire, times $15,000 times 18 (months).
EXAMPLE Let's say you need to employ 10 persons:
5 x $15000 x 18 = $2,700,000Ā
This means that $2.7 million is the amount your startup needs to function for the next 18 months.
___________
I would appreciate it if you could find time to comment on other easy ways to determine the amount of funding a startup needs.
Formula Credit: Paul Graham (CEO of Y Combinator)
#startup #Funding #Ceo #SeedFunding #InvestmentInsight
_______
I recommended that you also go through my post titled:
UNDERSTANDING STARTUP FUNDING STAGES
Elon Musk is Pursuing a Supercomputer.
#ElonMusk will produce the most powerful artificial intelligence supercomputer supported by 100 thousand Nvidia chips. This computer will aim to power the next generation #xAI chatbot #Grok .Ā
Elon Musk is reportedly pushing to build one of the world's most powerful supercomputers for his artificial intelligence #startup xAI, aimed at redistributing AI cards.
The move reported by The Information has already sparked speculation in the technology industry.Ā
#xAI will collaborate with leading cloud infrastructure and enterprise software provider Oracle to achieve the goal. This partnership can provide the necessary resources and expertise.Ā
This supercomputer, informally referred to as theĀ āgigacomputerā,Ā will feature a large combination of Nvidiaās H100 graphics processing units (GPUs), currently the industry standard for AI data center chips.Ā
$BTC $XAI
#ElonMusk will produce the most powerful artificial intelligence supercomputer supported by 100 thousand Nvidia chips. This computer will aim to power the next generation #xAI chatbot #Grok .Ā
Elon Musk is reportedly pushing to build one of the world's most powerful supercomputers for his artificial intelligence #startup xAI, aimed at redistributing AI cards.
The move reported by The Information has already sparked speculation in the technology industry.Ā
#xAI will collaborate with leading cloud infrastructure and enterprise software provider Oracle to achieve the goal. This partnership can provide the necessary resources and expertise.Ā
This supercomputer, informally referred to as theĀ āgigacomputerā,Ā will feature a large combination of Nvidiaās H100 graphics processing units (GPUs), currently the industry standard for AI data center chips.Ā
$BTC $XAI
