Next Steps on Aleph Startups

Overview

This fireside chat, part of the “Next Steps on Aleph Startups” series, involved Gabriel Anderson from Graph Paper Capital and Molly Mackinlay of PL Venture Studio. The discussion covered their roles, experiences, and strategies for helping startups grow, particularly in the Web3 space.

Key Points

  • Gabriel Anderson introduced Graph Paper Capital (GPC), a Web3 accelerator providing investment capital, network access, and resources. The unique approach of GPC includes a pool for high-impact distribution and involvement of venture partners.
  • Molly Mackinlay outlined her efforts at PL Venture Studio in supporting startups to scale and bring new products to market. She highlighted her role in mentoring and running showcases.
  • Emphasis on solving real-world problems and achieving product-market fit.
  • Importance of continuous iteration and receiving user feedback early on.
  • Strategies for developing and documenting sawdust content from daily activities to attract and build a community.
  • Discussed strategies for effective fundraising, including building relationships with investors and maintaining consistent communication showcasing momentum.

Topics Discussed

User Engagement and Product Development

  • Adoption and market demand: Focus on creating products that solve real problems.
  • Benefit from community and ecosystem during early stages: Use pop-up city environments to get feedback and iterate.
  • Example from a participant: Development of Amanubay, a crypto tab-to-pay app, emphasizing on-site user testing and feedback.

Fundraising Strategies

  • Building Momentum: Importance of showing consistent progress to potential investors via regular updates.
  • Network Utilization: Leveraging existing networks and relationships for warm introductions.
  • Line Not Dots: Building investor confidence through continuous engagement and demonstrating progress over time.
  • Quality over Quantity: Crafting effective, concise pitches to capture investor interest.

Entities

Conclusion

In this fireside chat, Gabriel Anderson and Molly Mackinlay provided insights on startup growth, user engagement, and fundraising strategies within the Web3 ecosystem. Emphasis was placed on solving real problems, engaging with users, building momentum, and utilizing networks for fundraising success. Their combined experience showcased effective approaches to navigating the challenges faced by startups. This chat served as a motivational and practical guide for entrepreneurs aiming to scale their ventures in the rapidly evolving Web3 space.


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