Running any tech startup is a monumental task. However, running a startup in the world of Web3, with its layers of technical know-how, fast-evolving ecosystem, and constantly shifting demands from regulators, is undoubtedly harder. That is often where accelerators come in.
Put simply, an accelerator is an organization that helps existing startups grow and develop. Their team often includes experts from a variety of backgrounds. In a Web3 context, this often includes those with a deep understanding of និមិត្តសញ្ញា, metaverse, and how best to match a project’s idea to the needs of the ever-changing Web3 market.
Most accelerators will also bring with them networking opportunities, marketing, and PR experience, and a contact book to help establish their projects in the wider ecosystem.
Accelerators exist in all industries, although their presence is especially important in tech, where fast growth and strong fundamentals can make or break a project in its early days. In short, these hubs of expertise can take a project from vision to execution.
Elnaz Sarraf, who is the founder and CEO of Roybi Robot and Roybiverse, has certainly found them useful. In 2019, Roybi Robot, a smart toy robot designed to help young children learn multiple languages and STEM skills, was featured on the cover of ទស្សនាវដ្ដី TIME as one of the year’s top 100 inventions in education.
Accelerators Can Break Down The Doors To Web3
Following on from that success, Sarraf and the team had their eyes on the horizon, and Web3 was just coming over the hill. “We always wanted to be one of the first companies to bring new technology into the sector,” she says. “But also, the education sector is so traditional. I remember talking to a couple of investors about Web3 and blockchain, and they were looking at me like I’m a totally crazy person.”
Sarraf and the team cold-approached Matterblock, both of whose founders had been working in the space for several years. For them, deciding whether or not to engage with a project is based a lot on dedication, IQ, and EQ (intelligence and emotional quotient), says Zia Word, one of the two co-founders. “She’s a true example of what I’m talking about. She has built these companies and slept on a factory floor in China in order to get [Roybi Robot] delivered, not only on time but six months in advance.”
Source: https://beincrypto.com/web3-startups-need-strong-founders/