@neuralnewsnetwork: Polygon Co-Founder, Sandeep Nailwal, has launched a Web3 startup accelerator, called Beacon. The NYC-based accelerator said it will support early-stage crypto projects through mentorship and financing. Beacon is part of Nailwal's Symbolic Capital, a crypto venture capital firm he launched in August with a $50 million fund. "We’re creating Beacon because, as a network of Web3 founders and operators ourselves, we’re 100% committed to this idea of bringing the next one billion users into this space. "Our ultimate goal is to build the greatest network of web3 founders in the world," Nailwal said. "Having gone through an accelerator before, I found that the greatest resource in any accelerator is the other founders going through the program alongside you. We think that as our alumni network grows, the overall quality of projects being built in web3 will increase as founders help each other find success." The accelerator’s first remote-first, 12-week cohort kicked off in October with more than 30 founders from 15 companies across decentralized finance (DeFi), infrastructure and consumer applications. Beacon hopes to stand out from other accelerators by building in-house software that can connect founders and investors. Beacon has already built a custom platform for potential investors to review projects, learn more about founders, view video pitches and request introductions. On the founder side, Beacon is working on a social network to help founders and alumni stay connected. Beacon’s inaugural program will end with a live-streamed Demo Day in January where founders will pitch to more than 300 Web3 investors. Beacon aims to create the next 100 web3 unicorns. #bullet #point #bulletins #bruce #burke #sandeep #nailwal #polygon #cofounder #web3 #accelerator #support #earlystage #crypto #nyc #projects #mentorship #financing #beacon #symbolic #capital #vc #venture #capital #operators #committed #bringing #next #million #users #space #network #greatest #resource #founders #program #alumni #grows #overall #quality #success #cohort #decentralized #finance #defi #infrastructure #consumer #applications #software #platform #video #pitches #review #introductions #social #demoday #in
Neural News Network
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Wednesday 21 December 2022 22:56:35 GMT
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