Why an Accelerator DAO?
The origin our vision and inspiration
Accelerators of the web2 era are not designed to accommodate the needs of web3 startups.
This is why we are building a different system.
The challenges outlined below inspired us in the design of our Accelerator DAO.
The main problem is that incentives are uneven in the current centralized accelerators and don't stimulate participation and collaboration.
Usually, only the accelerator's founders and the investors in a traditional accelerator have a proper financial upside.
The rest of the actors tend to be employees or partners offering services.
We don't think that this is the best incentive model. Also, this approach is certainly not aligned with a web 3.0 philosophy.
Let's think about the Startups in an accelerator. They often compete for the same resources (e.g., investors' attention and funds) instead of being motivated to collaborate.
Thanks to our portfolio treasury, all the actors in the ecosystem are exposed to the tokens of our portfolio companies.
In other words, each participant in our organization has a financial incentive to have the DAO and portfolio startups succeed.
We need to have an incredible open structure to achieve incredibly vast goals. Here we DAO!
We decided to have a DAO organization because we want to distribute
Ownership
Governance
Financial upside
Concentrating those resources in the hands of a few individuals has never been the right formula for creating innovative and egalitarian associations.
We strongly believe that this structure, paired with a solid vision, will enable us to achieve incredible results.
Over the next 4 years, we intend to support more than 554 startups
Let's DAO together!
Sizeable requirements of companies' equity
Several traditional accelerators invest primarily in equity, while few invest in equity and tokens.
As a DAO, we will only accept tokens.
Of course, we also welcome startups that don't have a token yet, and they will deposit their tokens in our portfolio treasury only after the token generation event.
We want to ensure complete transparency in the use of our resources and the management of our treasury.
Lack of knowledge and expertise in the web3 ecosystem
We could observe that many accelerators have jumped on the Web 3.0 bandwagon. After all, it is a hot industry with enormous potential.
On the other hand, blockchain startups differ from web 2.0 startups not only in technology, but in many different aspects. They have peculiar needs and challenges:
A classical startup in a pre-seed stage will never be concerned about going public (at least not yet). From day one, a web 3.0 startup needs to get right the token economy.
A classical startup might rely on paid ads for its business growth. Most web 3.0 startups will never use paid ads due to the limitations and policies regulating this space.
A web 2.0 startup usually has some little cyber security concern, but a web 3.0 startup is often obsessed with the safety of its system. The hacks happen daily.
Here are just a few possible examples.
Web 3.0 veterans have shaped our DAO for web 3.0 entrepreneurs.
Last updated