Accelerators of the Web 2.0 era are not designed to accommodate the needs of Web 3.0 startups.
This is why we are building a different system.
The challenges outlined below inspired us in the design of our Accelerator DAO.
Problem 1 : Uneven Incentives
All the actors own part of the entire system and part of our portfolio companies.
In other words, each participant in our organization has a financial incentive to have the DAO and portfolio startups succeed.
Problem 2 : Need for open structure
We decided to have a DAO organization because we want to distribute:
- Financial upside
Avoid the concentration of resources on a few individuals to create innovative and egalitarian associations.
PROBLEM 3 : SIZEABLE REQUIREMENTS OF COMPANIES' EQUITY
Several traditional accelerators invest primarily in equity, while few invest in equity and tokens. So 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 our treasury management.
Problem 4 : Lack of knowledge and expertise
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.