Blockchain Founders Newsroom

Startup Testimonial: Time-tested best practices and experienced mentors

Written by Melissa Lim | August 14, 2024

Yoki Finance provides the payment infrastructure for recurring payments and subscriptions via crypto. Konstantin, co-founder of Yoki Finance, shares about the team’s journey as part of the Season 5 cohort. Through learning time-tested best practices and seizing growth opportunities, read on about the team’s experience in the BFG Adrenaline program.

Author: Melissa Lim, Head of Ecosystem

Key Takeaways

  • The one-to-one weekly mentoring sessions with the BFG core team brought much clarity and direction to the team’s development over the past 8 weeks

  • The multitude of expert-led workshops on legal compliance, B2B sales tactics, and tokenomics were extremely helpful, highlighting the practical knowledge gained from these sessions.

  • The sharing and networking within the cohort fostered many partnerships, paving the way for collaborations in marketing and knowledge-sharing about best practices.

Program Experience

Before joining the BFG Adrenaline accelerator program, Yoki Finance had recently launched its protocol after extensive development. Konstantin acknowledged the team's technical strengths, but experienced challenges in refining their market strategy, and navigating regulatory frameworks, tokenomics and legal domains. One of their main challenges was achieving product-market fit, which remained a primary goal amidst competitive pressures in the defi space.

Central to Yoki Finance's growth in the program was the one-to-one mentoring provided during the weekly sessions, where milestones and KPIs were established in tandem with the team’s growth and progression, with rigorous reporting each week.

The team also enjoyed the plethora of networking opportunities during the program, and working alongside their cohort mates, who were a great gauge for progress. The weekly town hall sessions with the teams’ sharings also reminded Yoki Finance that they were not alone in facing these challenges. WIthin the cohort, teams were able to share best practices as well, and recommend helpful resources to one another.

“The community in Season 5 also provided a great opportunity to benchmark our growth and meet other teams who were in the same stage, sometimes facing the same challenges as us."
Konstantin Shirokov, Co-Founder of Yoki Finance

For Early-Stage Web3 Startups

Konstantin enthusiastically recommends the BFG Adrenaline program to fellow founders in the web3 sector seeking rapid growth and industry expertise. He highlights the program's structured approach to mentorship, time-tested best practices, and actionable insights derived from peer performance metrics.

For startups navigating complexities in defi, BFG Adrenaline offers mentorship, relevant networking, and specialized expert-led workshops as immense catalysts for startup growth.

Keen to join us for Season 6 of our accelerator program?
You can learn more and visit our page:
https://blockchain-founders.io/startup-acceleration-programs

About the BFG Adrenaline Program

Blockchain Founders Group’s Adrenaline program is an 8-week long accelerator program for early-stage web3 startups, which happens twice a year. The program, conducted 100% remotely, identifies the most promising web3 startups and founder teams, and supports their journey to reach product-market fit – while receiving mentorship, guidance and financial support.
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About Yoki Finance

Yoki Finance is a Web3 subscription payments protocol launched in 2024. The permissionless self-custodial solution helps companies and communities accept recurring payments in crypto. Learn more about Yoki Finance here: https://yoki.finance/

Connect with Yoki Finance on X or Telegram.

Contact: Max Zheng, Director of Investments, max.zheng@blockchain-founders.io