Ali Shaikha🚀 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 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 #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 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...
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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: Enabling autopay with crypto
Problem: As more web3 businesses hold crypto on thier balance sheets, they want to be able to use this as funds to pay for services and products. In order to do that today these companies need to manually pay every time
Solution: Payment rails for crypto that allow autopay, removing the need to manually approve every transaction (think Stripe for crypto)
Team:
Eleni Steinman - Co-founder and CEO
Shane van Coller - Co-founder
Traction:
Funding: Raised $4m seed round in Mar 22 from a16z, Archetype, A.Capital Ventures, CoinList and angels Lauren Stephanian, Paul Veradittakt, Imran Khan and Alex Svanevik
Progress: Testing with alpha customers right now with an intended full launch in June. Current focus is on the ethereum blockchain
Positive Signals:
Investors: a16z is a great stamp of approval and strong angel investors
Team: Eleni and Shane were at bloXroute labs, a DeFi trading tools and mempool platform, so bring a high level of knowledge and a strong skillset
Comparable: The concept isn’t groundbreadk, but we have seen this become such a norm in TradFi and Web2, but not fully solved for in Web3 - the problem is real and likely to be a great business to make out of it
Risks:
Competition: There are a few players here, MeanFi, Diagonal and Superfluid - it’ll be interesting to see how they carve out the market and who comes out on top. Is it a one-player-wins-all?, probably not, but likely have one or two big players
Segment: DeFi / Business Model: B2B / Stage: Seed
Purpose: Enabling autopay with crypto
Problem: As more web3 businesses hold crypto on thier balance sheets, they want to be able to use this as funds to pay for services and products. In order to do that today these companies need to manually pay every time
Solution: Payment rails for crypto that allow autopay, removing the need to manually approve every transaction (think Stripe for crypto)
Team:
Eleni Steinman - Co-founder and CEO
Shane van Coller - Co-founder
Traction:
Funding: Raised $4m seed round in Mar 22 from a16z, Archetype, A.Capital Ventures, CoinList and angels Lauren Stephanian, Paul Veradittakt, Imran Khan and Alex Svanevik
Progress: Testing with alpha customers right now with an intended full launch in June. Current focus is on the ethereum blockchain
Positive Signals:
Investors: a16z is a great stamp of approval and strong angel investors
Team: Eleni and Shane were at bloXroute labs, a DeFi trading tools and mempool platform, so bring a high level of knowledge and a strong skillset
Comparable: The concept isn’t groundbreadk, but we have seen this become such a norm in TradFi and Web2, but not fully solved for in Web3 - the problem is real and likely to be a great business to make out of it
Risks:
Competition: There are a few players here, MeanFi, Diagonal and Superfluid - it’ll be interesting to see how they carve out the market and who comes out on top. Is it a one-player-wins-all?, probably not, but likely have one or two big players
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