TLDR:
- a16z hosted a crypto startup accelerator program in London
- Selected startups received $500,000 in funding, 10 weeks of training, and equity in exchange
On a cloud-darkened morning in March, a group of software developers gathered in London for a crypto boot camp organized by a16z. The VC firm has a strong belief in the potential of crypto technology and aims to support startups in the space. The program offered funding, training, and access to resources to a group of selected founders.
The accelerator program aimed to inject “rocket fuel” into early-stage crypto startups and move away from the stigma of scams and speculation associated with the industry. The founders, ranging in age and crypto experience, came together to learn and collaborate over 10 weeks of intensive training.
a16z’s commitment to investing in the crypto industry, despite challenges and skepticism in the market, was highlighted throughout the program. The startups in the cohort worked on a range of projects, from consumer apps to technical infrastructure, all leveraging crypto technologies. Demo day marked the end of the program, where founders pitched their ideas to potential investors, seeking further funding to grow their projects.
