Please Vote NAY
2 years ago
Rejected
Re-applied due to a technical issue flagged by the validators. Please feel free to continue the conversation or cast your vote again here:
Comments (6)
Requested
300.00K USDT
Proposal Failed
Re-applied due to a technical issue flagged by the validators. Please feel free to continue the conversation or cast your vote again here:
Comments (6)
Requested
Proposal Failed
I am always happy to help young startups! The highest state of a person is sharing knowledge! And here is a real accelerator project!
@PiotrFuel thank you for your trust and support. Please don’t hesitate to reach out and share your insights with us — your knowledge will be invaluable in helping us shape the ecosystem as well!
To clarify, am I correct in understanding that neither you nor your partner have prior experience as venture capitalists or as startup accelerators, either within Web3 or other industries?
Could you provide specific details on your backgrounds, including any prior investments you've made, what projects those involved, and the outcomes achieved? What makes you more qualified than others to invest in Web3 startups?
Additionally, how much equity or stake do you plan to take from each company you invest in, and what are your criteria for selecting these startups? How much of this equity will be given back to Polkadot for helping fund the investments?
I have to be candid — as someone who actively raises funds for startups, I wouldn't find this offer compelling enough to pursue. This pitch feels unpolished and lacks the depth needed to inspire confidence, given there is such little actual information and so much fluff provided. I would recommend refining it further to meet the standards expected in competitive investment ecosystems like Silicon Valley.
@Flez
Thank you for your question! I’m happy to provide more details:
From our general public batches, 10 startups remain active in the market, 2 have exited, and 2 were acquired (currently on hold). In our private later-stage acceleration, all 18 startups are still operating, with 1 acquired. From our pre-acceleration program, out of 32 ideas, 6 advanced to the prototype stage, and 2 reached MVP.
Our Creative Entrepreneurship course has been adopted by Zurich University of the Arts, where we’ll be launching in Spring 2025 in partnership with ETH Zurich, Switzerland’s top tech university. We're also currently raising a $10 million Web3-focused fund, with 25 startups in the pipeline. Additionally, we provide advisory support to other funds on onboarding Web3 Creative Tech startups, with experienced fund managers dedicated to this effort.
Our partner, BitBasel, represents the Web3 Creative Tech community of South Florida, collaborating closely with the ecosystem. In our joint application, BitBasel will focus on the creative and artistic aspects, helping startups refine their Web3 products and achieve market fit (supply), while Fuelarts will oversee general mentorship and VC relations (demand).
We have a strong network of investors who eagerly participate in our demo days. Our specialization within Web3 is Creative Tech, which many VCs often overlook.
Regarding outcomes from the batch — in Polkadot’s case, we are not taking any equity from the startups (unless we co-invest during the demo day), as this approach helps attract high-potential startups with genuine end-user engagement to a white-label accelerator model (sponsored by the blockchain). Startups invest their time in exchange for knowledge, adoption of Polkadot blockchain tools, and access to investment opportunities. Polkadot has no obligation to invest, and startups retain equity — they simply utilize Polkadot’s blockchain and contribute to its ecosystem by bringing in end-users.
If, as you mentioned, you’re actively raising capital for startups, we would be happy to schedule a separate call with our Head of Investor Relations to discuss your network and opportunities. We frequently collaborate with individuals on fundraising, and the opportunities you provide may be highly valued in other Fuelarts projects.
Aslo a better sense of our background and vision, you’re welcome to check out our creative tech reports: https://bit.ly/3vpDAkG, https://bit.ly/3LcNZET, https://bit.ly/3uIaTyI
Looking forward to connecting!
My Telegram is @dbelkevich
Polkassembly is now a read-only archive. Commenting is disabled.