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Build Your Startup,

The Journey,

And the Raise!!

Session 9

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What is a Web3 Startup

Journey of a Startup

Break

Love thy startup, not the Idea

Fundraise like a Pro

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What is a Web3 startup?

Core team (centralized)

Achieving goals for the community

For a shared objective

using incentives to gain traction before PMF

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How do you align?

Core team

Open Source everything*

Promote independent decision making

Share and brainstorm openly

Communicate, fail, re-communicate

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How do you align?

Community

Your personality = Your brand

Ask for help from community

Lead community by actions

Engage in public conversations

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How do you align?

Incentives

Token is not the only play

Community likes to outperform

Community likes to be acknowledged

Community likes to lead

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What is a Web3 Startup

Journey of a Startup

Break

Love thy startup, not the Idea

Fundraise like a Pro

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Only constant in a startup is that the journey is unique and you unlearn things you learn constantly

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Building from 0 to 1

Story 1: How we started

Story 3: Community Help / Gitcoin Grants

Story 2: Simona and Branding

Story 4: Raising Series A

Push is the result of shared knowledge

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Things to remember?

Hacking project ≠ Startup

Be shameless in asking community

Identify your weakness

When in doubt, use your network to conclude ideas

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What is a Web3 Startup

Journey of a Startup

Break

Love thy startup, not the Idea

Fundraise like a Pro

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What is a Web3 Startup

Journey of a Startup

Break

Love thy startup, not the Idea

Fundraise like a Pro

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Love thy startup… but for the right reasons!

Why are you spending your life and time on the project you created?

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Love your idea… please don’t

Startups are meant to disrupt

Ideas have a lifespan… sometime they are short

But sometimes they fail

You can build a world class product or world class ego

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Pivot, Kill, or Double Down

Your startup success comes from community liking what you built

User Synthesis to eliminate Bias

Don’t be afraid to pivot or kill

Understand User Persona

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What is a Web3 Startup

Journey of a Startup

Break

Love thy startup, not the Idea

Fundraise like a Pro

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Fundraise journey

Grants first, fundraise later

Creating deck is an art, the minimal kind one

Practice once, then repeat 100x

Pitching time… start small, then aim for big

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Let’s practice

Incoming deck example

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Future Protocol

Plans

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Extend DeFi aspect of protocol to invest users earnings in a separate pool and generate additional profit for them. Charge extra fee on the newly acquired profit of the user when they withdraw.

Bring user to user messaging that are near instant in the future.

Keep optimizing protocol and explore L2 solutions to further reduce gas cost.

Continue building user centric features like spam control for users, voting for governance and removal of a service, 2 way channel approval, etc.

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Future Ecosystem Plans

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Cross Chain

Composability

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Develop SDK

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Provide Value Added Services

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Let’s practice

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2

V/s

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Remember this when creating deck

VCs want to understand idea… not how fancy it is

No show off on how you can design

Be clear, and be fast (10-12 min pitch)

Make it simple and mobile friendly

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What to put

on deck

Credit: @VitorServices

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What to put

on deck

Credit: @VitorServices

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Some great Resources

🌱 Kernel

Uber Deck

AirBnB Deck

YCombinator Seed Deck

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Thank you

If this helped, give a shoutout on twitter

Feel free to ask questions or give feedback there!

It means the world to us ❤️❤️

@harshrajat

@pushprotocol

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