Launch Your Web 3 Startup with Beacon: $250K Support & $8M Valuation
11.1.2023 | 03:44
• Sandeep Nailwal has recently unveiled the first 13 companies to participate in his startup accelerator, Beacon.
• Each company will receive $250,000 in support and an $8 million post-money valuation.
• Beacon’s goal is to help Web 3 founders navigate the challenges of the industry and launch their product.
Sandeep Nailwal, the founder of Polygon, recently unveiled the first 13 companies to participate in his startup accelerator, Beacon. This accelerator is designed to help Web 3 founders navigate the challenges of the industry and launch their product. Beacon spoke with over 1000 projects during the selection process and expects a similarly low acceptance rate for its next cohort.
Each of the accepted companies will receive $250,000 in support and an $8 million post-money valuation. This gives the startups the resources and funding to turn their ideas into reality. Beacon also offers weekly sessions and mentoring to help the founders build a community and market their products.
Nailwal’s goal with Beacon is to foster Web 3 growth. He believes that, with the right tools and resources, Web 3 startups have the potential to revolutionize the industry. He also recognizes the unique challenges that founders face, such as difficulty raising funds and lack of resources. With Beacon, he hopes to provide the necessary support to help these startups succeed.
Beacon is currently accepting applications for its next cohort. The team is looking for innovative and ambitious projects that are ready to take their ideas to the next level. Those who are accepted into the program will benefit from mentorship, resources, and funding.
Overall, Beacon is a great opportunity for Web 3 startups. The program will give them the support they need to launch their products and take their businesses to new heights. Nailwal and his team are dedicated to helping these founders succeed and are confident that the accelerator will make a positive impact in the industry.
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