Trendaavat aiheet
#
Bonk Eco continues to show strength amid $USELESS rally
#
Pump.fun to raise $1B token sale, traders speculating on airdrop
#
Boop.Fun leading the way with a new launchpad on Solana.
I worked at crypto VC for 2 years and went through hundreds of different protocols. One thing I can say for sure is that general accelerators absolutely don't matter.
There is not a single advantage that you get from joining an accelerator. Their pitch might be pretty good: they might have startups that fundraised from tier1 and good advisors section on the website.
But let me tell you something: those who got those tier1 investments would get them without accelerator as well. And this advisors section on the website is just a section, no big name is going to advise you, because there are other dozens of protocols that is in the same cohort.
Yes, you can get the money from the accelerator, but usually this comes with absolutely robbing valuation that doesn't make any sense at all. These "advisors" are going to tell you the obvious things that you already know (most of the time).
The reality is if accelerator sees that you're a smart guy who is highly likely going to be successful — they're trying to get you in their accelerator and extract your future tokens/equity at very low price.
The thing is: they (probably) realize that you will be successful without their help, but hey, don't you want to have our fancy logo on your website and get a chance to talk to like-minded people and get advice?
I don't know how it is in traditional world, but in crypto you can reach out to almost anyone and ask for their advice: just be genuine, respectful and very clear at expressing your idea on paper. That's all what matters.
You will be amazed how many people are willing to help you for free, just because you're doing something. It already means a lot if someone starts their venture and you probably know the person that you'd like to get a piece of advice from.
If you want to be "guided" or "told" how it would be better to run your company — it's not your company and you're not founder.
Out of all accelerators, the only one that people say good things about is @alliancedao. I haven't ever heard someone say nice things about anything else. I'm not sure how Alliance is like inside, but their hit rate is extremely good and feedback as well.
And yes, most of the YC founders nowadays go to YC just to show a fancy logo on their website and the ability to tell investors that they passed the bar (I attached the image below).
Regarding Ecosystem Funds:
I'm going to slightly disagree with WenMoon regarding ecosystem funds, because the main interest here is different.
Ecosystem funds usually have only 1 goal: enhance the ecosystem with good applications. The ecosystem fund is really deeply interested in your success, because they can:
a. Show how unique apps can be on their chain
b. Drive TVL, revenue, activity, and other metrics
They're directly incentivized to work with apps, because they either have a pretty narrow focus (sometimes) or they want to differentiate, so they spend a lot of money to work with different people.
@hotpot_dao said that they picked up 15 applications out of 300. I see nothing wrong here, because that's only 5%. Yes, probably not all of them will succeed and become flagship application on MegaETH, but those who will, will be very important.
In general accelerators, people will give you generic advices that mostly is applicable to any other protocol in any ecosystem.
Ecosystem funds/accelerators better understand what they want, what builders they want, and what apps they want, so the sample can be more accurate. At the end of the day, if you're smart — you will be noticed.


11.7. klo 06.54
I'm gonna get killed for saying this, but fuck it.
I've built ecosystems, so I know this first hand. Accelerators and incubators are total wastes of time and money and actually net negative to ecosystem building.
Why?
Kingmaking doesn't work for ecosystem building. It actively disrupts the competitive habitat of a chain. The most important thing to understand is, as a foundation, you literally never know who will be your biggest builders months or years down the line.
If you asked me to pick who the best builders in my ecosystem would have been a few years ago, I would have been dead fucking wrong.
This is assuming these accelerators function as they theoretically should. But the reality is even worse and darker.
Thru my VC alt, I've even attended a few demo days and seen the project pitches coming straight out of some accelerators... its honestly dreadful. The quality of builders and ideas is terrible. You are hard pressed to find one or two remotely interesting ideas.
Why is this? Well I suspect it's because most of these are quite rushed given they are naturally cohort based. It's just infeasible that you will have 15 amazing ideas in your eco out of 300 applications at a single arbitrary point in time.
Moreover, some of the builders don't really have any ideas. They just have the right credentials to be chosen, and then have to rush to come up with an idea to build within a timeframe. I'm never a fan of that either.
There is honestly a bunch of other darker reasons which I won't touch on too much. Especially when there are third-party extractors involved. Most incubators are scams too, just pumping out as many tokens as possible.
So why are these popular? Simply because its kind of sexy to outsiders and investors imo. But what do I know?
Anyways, all of this is not to shit on Mega, I love them so I do hope this time it's different. It just made me want to write some thoughts as a cautionary word for this style of eco building.
As always, I'm here to provide solutions and open to differing opinions :)
🫶
5,61K
Johtavat
Rankkaus
Suosikit