Startup Accelerator Sponsorships: Crowdfunding and Bitcoin Viable Alternatives
Startup accelerators usually rely on major companies or financial institutions to sponsor their everyday operations. While this traditional business model may work out for a certain period of time, it is not sustainable in the long run. Sooner or later, a startup will join the accelerator and offer a product that is in direct competition with the....
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California-based startup accelerator Boost VC is continuing its "all-in" dive into the bitcoin space with an announcement of a new fund, Boost Bitcoin Fund 2, which promises each company in its upcoming Tribe 5 startup batch an investment of 300 BTC upon completion of the program. The fund, which was backed by Draper Associates, is one of many recent announcements to come from Boost VC. In November, the accelerator closed a $6.6m funding round led by Marc Andreessen and Ben Davenport and announced that its next cohort would feature only companies working with bitcoin and blockchain....
Starting a company in the Bitcoin world is not that hard these days. All one needs is a good idea, and a proof-of-concept to show this idea is valuable to begin with. But the biggest challenge for most startups is to raise enough funding, as day-to-day operations can be quite costly. Rather than looking for VC funding, there are other alternatives well worth exploring by Bitcoin entrepreneurs. Raising The Funding For Your Bitcoin Company. When it comes to securing funding for a Bitcoin startup, venture capitalists are the preferred target. Presenting one’s case at any of the Bitcoin....
Blockchain startup Everledger has joined a startup accelerator owned by insurance and financial services company Allianz France. Announced on 3rd December, the class of six startups will move to workspace located at the Allianz Riviera stadium in Nice, France. Participants in the accelerator will have access to the firm's network of advisors and investors, with Bpifrance and Idinvest Partners cited specifically. According to the program's website, the program will last for five months. London-based Everledger uses a blockchain implementation as a diamond verification registry, which, as....
A leading Indian bank, Yes Bank has announced the launch of its new Yes Fintech accelerator for startups working on blockchain and financial technology space. Yes Bank, a progressive Indian bank has partnered with leading names in the country’s startup ecosystem to launch a fintech and business accelerator. The accelerator program, Yes Fintech is powered by T-Hub startup engine, Anthill Ventures, and LetsTalkPayments. The 15-week program is distributed among two facilities, one in Mumbai and another in Hyderabad. Designed for banking and fintech startups, the key focus areas of the program....
The Technological District of Mar del Plata, Argentina, will host a massive crypto mining operation backed by a domestic startup accelerator. Lothal Mining is the company that will run the operations of the mining firm in the Argentinean city. Firm Will Mine Ethereum During the First Stage Per local newspaper La Capital, Grupo Neutrón invested almost 45 million pesos ($310,000), and there are plans to allocate additional funding of 200 million pesos ($2.21 million). The infrastructure is ready, and in a first stance, the firm will mine ethereum (ETH). However, the company plans to....