Blockchain Founders Group launches the third edition of its web3 startup incubation program “BFG Superstars”
- BFG Superstars is the incubator of Blockchain Founders Group looking to unlock the potential of web3 with entrepreneurial talents
- We finance selected startups with up to €60,000 for equity
- During the program, you will receive monthly compensation of €2,000 flat
- The program lasts 3 months and starts on March 13, 2023
- The application period ends on February 17, 2023
- Focus areas: Web3, DeFi, NFTs, Bitcoin Lightning, Privacy and Identity, Metaverse, DAOs and Governance, On-Chain Analytics and Forensics, ESG and Blockchain, Crypto Management, Data Monetization, and GameFi
- 100% remote and you will be invited to the BFG Family Day in Germany
- Those interested can apply HERE
Why should you apply for Season 3?
Blockchain Founders Group is opening its gate to the BFG Superstars program for every web3 enthusiast and entrepreneur globally. For the upcoming season (Season 3 - S3), BFG will select 50 high-potential candidates to be onboarded to the 10-12 weeks-long incubation program. The future founders are then vaulted into launching their startups with the full backing of the Blockchain Founders Group by providing its mentorship, advisory network, company-building best practices, public presence, and the conviction of making you and your startup a Superstar. Finally, 5-7 startups are selected to receive the final pre-seed funding of up to €60,000 and to be introduced to our vast and experienced investors’ network.
The program offers everything from finding the right co-founder to expert workshops and exclusive Q&A sessions with leaders in the blockchain and venture capital industry. Topics such as customer development, community building in web3, protocol grants, pitch deck optimization, legal entity foundation, growth hacks, and much more are covered with the opportunity to directly implement the learnings for your startup - we take “learning by doing” to the next level.
Focus Areas of Season 3
The decentralized web, commonly referred to as Web3 or the next-generation internet, has the power to completely alter how we use the internet. Web3 is decentralized and runs on a network of computers rather than a single server, in contrast to the present web, which is mostly centralized and managed by a small number of large tech companies. This indicates that compared to the present web, web3 has the potential to be safer, more private, and more open.
The Blockchain Founders Group is especially keen on developing businesses around the following key verticals in the web3 space against the backdrop of internal trends and potential analyses:
- Decentralized Finance (DeFi)
- Metaverse, GameFi, and NFTs
- Privacy and Identity in Web3
- DAOs and Governance
- On-chain Analytics and Forensics
- The intersection between ESG and Blockchain Technology]
- Crypto Management and Infrastructure
- Data Monetization
- Decentralized Social Networks
- Creator Economy
Who are we looking for?
We are looking for entrepreneurial mindsets with a passion for blockchain technology. This could be someone who already has experience with Web3 projects or someone who wants to make the jump from Web2 to Web3 with really any kind of background. We believe that diversity really drives innovation. What is more, you don't even necessarily need an idea or a team to participate. We will hold ideation workshops in the first phase, and we have some ideas ourselves that we find exciting in our ideas treasure box. Given that we are seeing 1000+ pitch decks per year, we know where the trends are headed and what works/does not work. Importantly, we know what to do to be one step ahead of the trend. Also, you will have plenty of chances to meet your perfect-fit co-founder within our program.
With that being said, in terms of the ideal founder profile, we do have a preference for entrepreneurs willing to prioritize the venture over different opportunities outside the program. We also prefer founders with a “hustler” mentality. For instance, if your first reaction to required outreach and marketing efforts is to say “let’s outsource it”, then this is a questionable approach, especially at such an early stage. Lastly, we observe that a pre-existing founder-market fit is conducive to boosting a startup’s success chances. When a founder has extensive work experience and insider knowledge in the cross-border payments industry, then working on a venture built around stablecoins can make a lot of sense. This is not to say that industry pivots will fail but it takes time to build expertise and achieve expert status.
What is the track record of the BFG?
The Blockchain Founders Group (BFG) is a company builder and venture capital firm that has built and funded more than 45 blockchain startups in recent years.
With our proven approach, we aim to turn your idea into reality within 2-3 months. We have already proven that our approach works when we successfully founded several startups in the previous seasons of BFG Superstars (e.g. Kasuria, Basenode.io, Sustaim, EkoLance, NRverse, WeDataNation, MeCash). You can read more about our investments and track record here.
As a venture capitalist, BFG finances founding teams of blockchain-centric companies in the pre-seed and seed phases together with well-known co-investors. To date, BFG has made over 45 direct web3-related equity investments, giving our fledgling firm a solid track record. On the venture capital side, we have entered into exclusive cooperation with Blockrocket and have five joint investments in Scorechain (a leader in blockchain analytics), AdHash (a privacy-focused blockchain advertising platform), Cadeia (a digital services platform for complex financial products), asvin (IoT security software ) and ELEET GAMES (Web3 Game Publishing).
Figure 1: Track Record of Blockchain Founders Group
About Blockchain Founders Group
We are a European company builder and venture capital investor. We believe that blockchain is the biggest investment opportunity over the next decades. Our DNA is composed of academic and regulatory drivers of the blockchain economy as well as ambitious entrepreneurs and venture capitalists. As company builders, we turn blockchain ideas into companies after having vetted them thoroughly with our entrepreneurs in residence and advisors. As venture capital investors, we finance founder teams in the pre-seed/seed stage in the traditional venture capital way coupled with our understanding and active commitment as co-founders.
Learn more about Blockchain Founders Group: Medium | LinkedIn | Twitter | Website
Contact: Max Zheng, Head of Corporate Development & BFG Superstars Program, email@example.com
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