Summary
TLDR: Web3 startups are turning to accelerator programs for mentorship and funding, with a16z, Avalanche, and Helika launching their own programs. Venture capital in the crypto space is on the rise, with new funds being raised and investments in Web3 gaming increasing. However, founders should be cautious of predatory accelerators that may take advantage of early-stage startups.
Key Points
1. Amidst a revival of interest in crypto ventures, some Web3 startups are hoping to gain a leg up via accelerator programs.
2. Startup accelerators provide founders with mentorship and guidance in exchange for early equity in their company.
3. The blue-chip tech VC fund a16z announced the cohort chosen for its spring 2024 crypto startup accelerator this week.