Sandeep Nailwal’s Beacon Accelerator names the first 13 companies to take part

Polygon founder Sandeep Nailwal has revealed the first 13 Web3 companies to participate in Beacon, his newly launched startup accelerator.

The team confirmed that the companies participating in the next batch would each receive $250,000 in support, for a post-money valuation of $8 million.

Promotes Web3 growth

Nilewal more dangerous Beacon was launched late last year, with the goal of helping the founder of Web 3 overcome industry challenges. He uses weekly sessions and mentorship to help startups build a community, market themselves, and launch their products.

In an FAQ shared with CryptoPotato, the founder said his team has spoken to more than 1,000 projects, of which 15 were selected for cohort 0 and 13 graduated from the beta day. These companies included Arcana, Blinkmoon, ChapterX, Colexion, Community Gaming, Cubist, FastLane, Meta Apes, Mystic Moose, Nillion, Davos Protocol, Timeswap, and Yilde.

“We feel Group 0 is the best player in the Beacon program,” the team explained. “So for this group, we picked our favorite teams by interviewing founders from our networks.”

Cohort 1 will operate differently, with an open application process available until January 31. The actual batch starts in April, with the founder anticipating a similar acceptance rate of about 1%.

Lighthouse said so FTXThe repercussions of the fallout have cast doubt on whether companies in the zero group will remain for three months in the programme. “We’ve canceled it completely [our user-focused] Define the schedule and we had to completely rewrite the agenda, focusing on trying to provide guidance for our business to help guide it through this disruption.”

Beacon was a chain-agnostic program, and most of the founders focused on developing cross-chain applications. “With that, we had the largest number of teams created in the Ethereum ecosystem,” she said.

selection criteria

The program used five core values ​​to screen Beacon companies – with a primary focus on participating teams. “We’re looking for highly committed founders with the experience, drive and grit to build the best companies in the world,” says Bacon.

Bacon also welcomed teams in emerging markets that “may have been overlooked by the traditional venture capital and accelerator industries.”

The accelerator’s choice was “vertically undefined,” which means it welcomes businesses across the entire Web 3 category, rather than a specific sector. DeFiNFT or Metaverse.

The Beacon Accelerator by Sandeep Nailwal is among the first 13 companies to participate for the first time on CryptoPotato.

Leave a Reply

Your email address will not be published. Required fields are marked *