Ali Shaikha🚀 Startup #12: Chaingrep
Segment: Infrastructure / Business Model: B2B / Stage: Seed https://chaingrep.com/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 CEORosco Kalis - Co-found...
Ali Shaikha🚀 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 isn’t 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 Shaikha🚀 Startup #12: Chaingrep
Segment: Infrastructure / Business Model: B2B / Stage: Seed https://chaingrep.com/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 CEORosco Kalis - Co-found...
Ali Shaikha🚀 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 isn’t 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: DeFi / Business Model: B2B / Stage: Seed
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-founder
Farooq Malik - Co-founder
Traction:
Funding: Raised $6M seed found in Apr 22 from Lightspeed Venture Partners, Coinbase Ventures, Uniswap, Terraform Labs, Norwest Venture Partners and Khosla Ventures
Progress: Product in the works, ability to join a waitlist. Currently only on Ethereum and Solana (holding USDC). Onboarded some customers and with over 100 customers on the waitlist.
Positive Signals:
Investors: Lightspeed Ventures is a great investor, their current onboarded customers are some Lightspeed portfolio companies
Team: Charles is an ex-founder, with his startup being acquired by Intuit and then spending 4 years there as an engineer. Farooq is also an ex-founder for a B2B credit tools company. They both know a thing or two about starting and scaling businesses
Solution: Makes complete sense. Current DAO contributors are using TradFi systems which don’t translate well to the crypto world (Amex, own money, etc) or in scaling a business quickly
Market: Huge potential here, DAOs are only at the begining and likely to become huge organizations. If Rain can prove their value, this could be an interesting one
Risks:
Security: As a hot topic these days in crypto and infrastructure plays. Wonder how they are viewing their sec stack and the risks that come out of integrity of DAO contributors
Scaling: They are onboarding and testing their product at the small level, will thier solution scale when 100s of DAO contributors need to access funds (I’d say yes, but one to watch)
Segment: DeFi / Business Model: B2B / Stage: Seed
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-founder
Farooq Malik - Co-founder
Traction:
Funding: Raised $6M seed found in Apr 22 from Lightspeed Venture Partners, Coinbase Ventures, Uniswap, Terraform Labs, Norwest Venture Partners and Khosla Ventures
Progress: Product in the works, ability to join a waitlist. Currently only on Ethereum and Solana (holding USDC). Onboarded some customers and with over 100 customers on the waitlist.
Positive Signals:
Investors: Lightspeed Ventures is a great investor, their current onboarded customers are some Lightspeed portfolio companies
Team: Charles is an ex-founder, with his startup being acquired by Intuit and then spending 4 years there as an engineer. Farooq is also an ex-founder for a B2B credit tools company. They both know a thing or two about starting and scaling businesses
Solution: Makes complete sense. Current DAO contributors are using TradFi systems which don’t translate well to the crypto world (Amex, own money, etc) or in scaling a business quickly
Market: Huge potential here, DAOs are only at the begining and likely to become huge organizations. If Rain can prove their value, this could be an interesting one
Risks:
Security: As a hot topic these days in crypto and infrastructure plays. Wonder how they are viewing their sec stack and the risks that come out of integrity of DAO contributors
Scaling: They are onboarding and testing their product at the small level, will thier solution scale when 100s of DAO contributors need to access funds (I’d say yes, but one to watch)
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