Ali Shaikha๐ Startup #13: Rain
Segment: DeFi / Business Model: B2B / Stage: Seed https://www.raincards.xyz/Purpose: Corporate card built for Web3 teams to be able to access their funds and manage spend Problem: As Web3 teams grow accessing your funds and managing spend becomes complicated, where you need to use a centralized exchange to access your funds Solution: A corporate card that syncs to a decentralized wallet and allows teams to access their funds easily and track their spending Team:Charles Naut - Co-founderFarooq...
Ali Shaikha๐ Startup #8: Dialect
Segment: DeFi / Business Model: B2C / Stage: Seed https://www.dialect.to/Purpose: Web3 messaging technology to provide wallets a secure way to communicate on Solana Problem: Not all users want to dox their emails or phone numbers to communicate or receive notification in the Web3 environment (sharing personal information isnโt ideal). This is particularly the case for DeFi users or on-chain gamers Solution: Communicate directly from wallet to wallet and dapp notifcations, without the need for...
Crypto enthusiast. I'm obsessed with what the future could look like and the interesting startups creating this space. X-ice cream addict.
Ali Shaikha๐ Startup #13: Rain
Segment: DeFi / Business Model: B2B / Stage: Seed https://www.raincards.xyz/Purpose: Corporate card built for Web3 teams to be able to access their funds and manage spend Problem: As Web3 teams grow accessing your funds and managing spend becomes complicated, where you need to use a centralized exchange to access your funds Solution: A corporate card that syncs to a decentralized wallet and allows teams to access their funds easily and track their spending Team:Charles Naut - Co-founderFarooq...
Ali Shaikha๐ Startup #8: Dialect
Segment: DeFi / Business Model: B2C / Stage: Seed https://www.dialect.to/Purpose: Web3 messaging technology to provide wallets a secure way to communicate on Solana Problem: Not all users want to dox their emails or phone numbers to communicate or receive notification in the Web3 environment (sharing personal information isnโt ideal). This is particularly the case for DeFi users or on-chain gamers Solution: Communicate directly from wallet to wallet and dapp notifcations, without the need for...
Crypto enthusiast. I'm obsessed with what the future could look like and the interesting startups creating this space. X-ice cream addict.
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Segment: Infrastructure / Business Model: B2B / Stage: Seed
Purpose: Making on-chain data easy to ready and understand
Problem: Blockchains are fairly complex and understanding how protocols work is challenging. This complexity is preventing adoption of crypto the the masses.
Solution: An API that converts strings of data which are random numbers and letter to easy to understand words formulated into sentences.
Team:
Merwane Drai - Co-founder and CEO
Rosco Kalis - Co-founder and CTO
Traction:
Funding: $500k part of YC W22 and raised an undisclosed round from 1Confirmation
Progress: API is currently in closed-alpha, they are hiring a founding engineer to join the team
Positive Signals:
Funding: YC is a great stamp and have raised a further round
Team: Rosco has a strong engineering background with 4 years in web3, launched web 3 applications with 250k+ monthly users
Product: If they can do what they are promising, this makes web3 accessible to the normal person (strong strong signal)
Risks:
Life stage: They are really early with the right signals of investors, team and product, but companies need to cross the chasm early on - itโll be key to see what use case they fit into and what this means for revenue and growth
Segment: Infrastructure / Business Model: B2B / Stage: Seed
Purpose: Making on-chain data easy to ready and understand
Problem: Blockchains are fairly complex and understanding how protocols work is challenging. This complexity is preventing adoption of crypto the the masses.
Solution: An API that converts strings of data which are random numbers and letter to easy to understand words formulated into sentences.
Team:
Merwane Drai - Co-founder and CEO
Rosco Kalis - Co-founder and CTO
Traction:
Funding: $500k part of YC W22 and raised an undisclosed round from 1Confirmation
Progress: API is currently in closed-alpha, they are hiring a founding engineer to join the team
Positive Signals:
Funding: YC is a great stamp and have raised a further round
Team: Rosco has a strong engineering background with 4 years in web3, launched web 3 applications with 250k+ monthly users
Product: If they can do what they are promising, this makes web3 accessible to the normal person (strong strong signal)
Risks:
Life stage: They are really early with the right signals of investors, team and product, but companies need to cross the chasm early on - itโll be key to see what use case they fit into and what this means for revenue and growth
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