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STRICTLY CONFIDENTIAL
November 2022
1
STRICTLY CONFIDENTIAL
- From the West
- Overview
- From the East
- Alpha Incubate Differentiation
- Incubator/Accelerator Landscape
- Alpha Incubate
Table of Contents
- Final Words
2
STRICTLY CONFIDENTIAL
Overview
- Over the years the Web3 space has seen evolution of various crypto incubators and
accelerators.
- Different L1s and L2s are running their own labs or accelerator programs. eg. Cronos recently
launched a $100M accelerator program in June, 2022 and has already announced applications
for its second cohort.
- There are also standalone accelerators which have produced very successful startups. These
include Outlier Ventures, Alliance DAO, Alpha Incubate, etc.
- Different programs have different unique features.
- We’ll cover the Web3 incubator/accelerator landscape including:
- Web3 native programs that follow batch structure;
- Traditional programs that intake Web3 startups as well and follow batch structure; and
- Web3 native programs that intake startups on a rolling basis.
3
STRICTLY CONFIDENTIAL
Comparables Landscape Map
Web3 Native
Looking at the major players prevalent in the space.
Traditional
Batch
Structure
Rolling
Basis
4
STRICTLY CONFIDENTIAL
Web3 Native
(Batch Structure)
Alliance DAO Outlier Ventures a16z crypto startup school
Year Founded 2020 2014
Feb, 2020 (1st cohort)
Mar, 2023 (2nd cohort)
Cohorts/year 3 6−8 N/A
Program length 9 weeks 12 weeks 12 weeks
Program structure
(what does the
program entail)
Sessions, 1:1 mentorship, group
mentorship and demo day
- sessions, 1:1 mentorship, demo day
- in-house operational, legal,
commercial, marketing, and token
model support
Sessions, 1:1 mentorship, demo day
Partner ecosystems
(L1,L2, other
protocols)
Solana, Polygon, Arbitrum, Polkadot,
Filecoin, Chainlink, etc.
Polygon, Polkadot, Hedera, Filecoin
(specific programs for each)
N/A
Perks/Benefits
Service providers for example, legal,
market making, etc.
Intros with exchanges, media
companies, etc.
Small team dinners, access to
broader a16z network
Economics (asks
from projects)
FREE
Optional: $200K investment for 4%
- $100,000 immediate funding and up
to $250,000 funding follow on funding,
in exchange for 6% of equity and 6% of
future token supply
$500k for 7% equity
Notable
Mentor/Advisor
network
Anatoly Yakovenko (Solana), Stani
Kulechov (Aave), Jeffrey Zirlin (Sky
Mavis), Sandeep Nailwal (Polygon)
Snoop Dogg, Sandeep Nailwal
(Polygon), BORGET Sebastien (Sandbox)
Brian Armstrong (Coinbase), Balaji
Srinivasan (Angel investor), Robert
Leshner (Compound Labs)
Strengths
- Strong brand and network of founders
& investors whom founders can hop on
a call with
- Ecosystem partnerships
- Strong alumni base
- Top VC fund team behind
- Port cos. raised $300M+
- A16Z mentors and investors
network
From the West (1/2)
Web 3 Native, Batch structure
5
STRICTLY CONFIDENTIAL
Traditional
(Batch structure)
Y Combinator
Year Founded 2005
Cohorts/year 2
Program length 3 months
Program structure (what does the
program entail)
First week: Bootcamp, a 3−day series of tactical talks from the YC team.
General structure
- Office hours: group office hours every two weeks and one-on-one office hours as often as founders
want
- Tuesday talks: Candid conversations with eminent people
- Public Launches: YC helps founders figure out how to present their product to users and the press.
They prepare founders for launches on community sites like Product Hunt and Hacker News
- Demo day
Partner ecosystems (L1,L2, other
protocols)
N/A
Perks/Benefits Each YC company receives access to discounts and free accounts for over 100 products.
Economics (asks from projects)
YC invests $500,000 in every company on standard terms. $500K investment is made on 2 separate
safes:
- $125,000 on a post-money safe in return for 7% of your company (the “$125k safe”)
- $375,000 on an uncapped safe with a Most Favored Nation (“MFN”) provision (the “MFN safe”)
Notable Mentor/Advisor Network Brian Armstrong (Coinbase), Michael Siebel (Twitch), other alumni, etc.
Strengths
- Proven track record of Web2 unicorns
- Proven frameworks for building and scaling business from Web2 perspectives
- Broad investor network
From the West (2/2)
Traditional, Batch structure
6
STRICTLY CONFIDENTIAL
Web3 Native
(Batch Structure)
LongHash Ventures Tangent (Angel Collective) ILAP (GameFi, Metaverse)
Year Founded 2018 2022 2022
Cohorts/year 2−3 4 First batch
Program length 12 weeks 12 weeks 8 weeks
Program structure
(what does the
program entail)
- Workshops and fireside chats, 1:1
mentorship, demo day
1:1 mentorship
- Workshops, 1:1 mentorship, Group
hours (founders), demo day
Partner ecosystems
(L1,L2, other
protocols)
Polkadot, Filecoin, Algorand, Axelar N/A Polygon, Alpha Venture DAO
Perks/Benefits Network intros
Media, technical, legal and auditing
resources
Expertise, Network
Economics (asks from
projects)
$200K upfront investment in
exchange for 4% of equity / future
total token supply; Up to $300K in
additional, discretionary investment
upon completion of the program
Less than 3% Not public info
Notable
Mentor/Advisor
network
Stani Kulechov (Aave), Kain
(Synthetix), Robert Leshner
(Compound)
0×Maki (Sushiswap), Gabby Dizon
(YGG), Sam Kazemian (Frax), Tascha
Punyaneramitdee (AVD)
Joseph Young (Hashed), Felix Sim (Salad
Ventures), Hassan Sheikh (DAO Maker)
Strengths
- Ecosystem partnerships with
Polkadot, Filecoin and Algorand
- Distribution for incubatees from the
audience of Longhash’s research
- Asia investor network
- Founders well known in the space
with huge following on crypto twitter
- Exclusive mentorship from founders
- Distribution from Blockcrunch
podcast and founders’ twitter
following
- In-house gaming launchpads: GameFi,
RedKite, Polkafoundry
- Portfolio companies consist of top
gaming projects: Bloktopia, Rainmaker
games, Monkey Ball, Sidus, etc.
- Partners: Polygon, Alpha Venture DAO
From the East (1/2)
Web 3 Native, Batch structure
7
STRICTLY CONFIDENTIAL
Web3 Native
(Ad-hoc, advisory)
Icetea Labs Impossible Finance
Year Founded 2019 2020
Program Length/
Engagement Period
2 packages: 2 months or 6−8 months Rolling
Incubation structure (what
does it entail)
1:1 mentorship
Topics:Strategic plan, raising funds, marketing,
product development
1:1 mentorship
Topics: Not public info but ranging from smart contract
to marketing to token launch
Partner ecosystems (L1,L2,
other protocols)
Filecoin N/A
Perks/Benefits $5K grant from Filecoin N/A
Economics (asks from
projects)
Varies - token allocation or other agreements such as
use their launchpad, etc
- 0.3% to 4% tokens depending on how much help the
project needs (typically 1%)
- Investment: $50K-$100K through Impossible
treasury/balance sheet
Notable Mentor/Advisor
network
Joseph Young (Hashed), Felix Sim (Salad Ventures),
Hassan Sheikh (DAO Maker)
N/A
Strengths
- In-house gaming launchpads: GameFi, RedKite,
Polkafoundry
- Strong marketing background
- Portfolio companies consist of top notch gaming
projects: Bloktopia, Rainmaker games, Monkey Ball,
Sidus, etc.
- Strategic partner - Hashed
- Almost 300K followers on twitter (very active
account)
- Some previous incubatees have raised from Tier-1
investors including Dragonfly Capital
- Launchpad + Swap + Accelerator
From the East (2/2)
Web3 Native, Rolling basis
8
STRICTLY CONFIDENTIAL
Web3 Native Alpha Incubate
Year Founded 2021
Cohorts/year Work with selective number high potential startups every year on a rolling basis
Program length
We work with startups from product and technical development to fundraising for up to 12
months
Program structure (what does the
program entail)
● Office hours with internal mentors on product discovery, product development,
technical development, and fundraising
● Office hours with Alpha Network and partners (L1/L2 and AWS);
● Fundraising support; and
● Networking events with Alpha Network
Partner ecosystems (L1,L2, other
protocols)
● Co-Organizers: Polygon, Sei Network
● Partners: Avalanche, Oasis, Injective
Perks/Benefits Tech partnerships with Moralis, Band Protocol, QuickNode and many more
Economics (asks from projects) 1.5% - 3% of future token supply
Notable Mentor/Advisor network Anjan Vinod (ParaFi Capital), Jason Choi (Tangent Ventures), Paul (Band Protocol) + 70 others
Strengths
● 1:1 mentorship with top builders in the space including Alpha team and external mentors
from Alpha Network
● Direct support from partner L1/L2s
● Access to Web3 community
Alpha Incubate Overview
Web 3 Native, Rolling basis
9
STRICTLY CONFIDENTIAL
BUILD PARTNER
PERSONALISED
EXPERIENCE
● Incubatees can schedule consulting calls with Alpha Network
on an adhoc basis.
● Alpha will also assist incubatees in identifying advisors who
can add value and move the needle for the project in order to
incubatees to have personalized advisory experience.
● As a result of our high-touch bespoke program, projects are
able to achieve their milestones and move from 0−to-1
through the program.
WEB3 COMMUNITY
● Team behind the Top 10 DeFi protocol; brings experience and
playbook building DeFi products that scaled to $1.8B+ in TVL
within 4 months of launch.
● Incubatees will get personalized mentorship from Alpha team
on product discovery, product development, and technical
development.
Alpha Incubate Differentiation
● Founders connect with a community of Web3 users through
our platform. We have >130K community members, who the
incubatees can leverage to bootstrap their own
communities for token launches
10
STRICTLY CONFIDENTIAL
General Details
● Website
● Application link
● Apply today! We open for applications on a rolling basis.
● Start date: From January 2023 onwards
● Stage: pre-mainnnet, pre-token
● Sector: DeFi
So far, we have analysed the different models of incubators/accelerators. To conclude, we would like to share some
more information on Alpha Incubate for builders interested to apply.
Final Words
Program Structure
Partners, Mentors and
Investor Network
● 1−on-1 mentorship from Alpha & our partners, including Polygon & Sei
Network on product discovery, product development and technical
development
● Personalized fundraising support including intros to VCs and insights
on how to craft narrative and pitch
Partners
Mentors
and Investors
and many more

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Web3 Incubator_Accelerator Landscape.pdf

  • 2. 1 STRICTLY CONFIDENTIAL - From the West - Overview - From the East - Alpha Incubate Differentiation - Incubator/Accelerator Landscape - Alpha Incubate Table of Contents - Final Words
  • 3. 2 STRICTLY CONFIDENTIAL Overview - Over the years the Web3 space has seen evolution of various crypto incubators and accelerators. - Different L1s and L2s are running their own labs or accelerator programs. eg. Cronos recently launched a $100M accelerator program in June, 2022 and has already announced applications for its second cohort. - There are also standalone accelerators which have produced very successful startups. These include Outlier Ventures, Alliance DAO, Alpha Incubate, etc. - Different programs have different unique features. - We’ll cover the Web3 incubator/accelerator landscape including: - Web3 native programs that follow batch structure; - Traditional programs that intake Web3 startups as well and follow batch structure; and - Web3 native programs that intake startups on a rolling basis.
  • 4. 3 STRICTLY CONFIDENTIAL Comparables Landscape Map Web3 Native Looking at the major players prevalent in the space. Traditional Batch Structure Rolling Basis
  • 5. 4 STRICTLY CONFIDENTIAL Web3 Native (Batch Structure) Alliance DAO Outlier Ventures a16z crypto startup school Year Founded 2020 2014 Feb, 2020 (1st cohort) Mar, 2023 (2nd cohort) Cohorts/year 3 6−8 N/A Program length 9 weeks 12 weeks 12 weeks Program structure (what does the program entail) Sessions, 1:1 mentorship, group mentorship and demo day - sessions, 1:1 mentorship, demo day - in-house operational, legal, commercial, marketing, and token model support Sessions, 1:1 mentorship, demo day Partner ecosystems (L1,L2, other protocols) Solana, Polygon, Arbitrum, Polkadot, Filecoin, Chainlink, etc. Polygon, Polkadot, Hedera, Filecoin (specific programs for each) N/A Perks/Benefits Service providers for example, legal, market making, etc. Intros with exchanges, media companies, etc. Small team dinners, access to broader a16z network Economics (asks from projects) FREE Optional: $200K investment for 4% - $100,000 immediate funding and up to $250,000 funding follow on funding, in exchange for 6% of equity and 6% of future token supply $500k for 7% equity Notable Mentor/Advisor network Anatoly Yakovenko (Solana), Stani Kulechov (Aave), Jeffrey Zirlin (Sky Mavis), Sandeep Nailwal (Polygon) Snoop Dogg, Sandeep Nailwal (Polygon), BORGET Sebastien (Sandbox) Brian Armstrong (Coinbase), Balaji Srinivasan (Angel investor), Robert Leshner (Compound Labs) Strengths - Strong brand and network of founders & investors whom founders can hop on a call with - Ecosystem partnerships - Strong alumni base - Top VC fund team behind - Port cos. raised $300M+ - A16Z mentors and investors network From the West (1/2) Web 3 Native, Batch structure
  • 6. 5 STRICTLY CONFIDENTIAL Traditional (Batch structure) Y Combinator Year Founded 2005 Cohorts/year 2 Program length 3 months Program structure (what does the program entail) First week: Bootcamp, a 3−day series of tactical talks from the YC team. General structure - Office hours: group office hours every two weeks and one-on-one office hours as often as founders want - Tuesday talks: Candid conversations with eminent people - Public Launches: YC helps founders figure out how to present their product to users and the press. They prepare founders for launches on community sites like Product Hunt and Hacker News - Demo day Partner ecosystems (L1,L2, other protocols) N/A Perks/Benefits Each YC company receives access to discounts and free accounts for over 100 products. Economics (asks from projects) YC invests $500,000 in every company on standard terms. $500K investment is made on 2 separate safes: - $125,000 on a post-money safe in return for 7% of your company (the “$125k safe”) - $375,000 on an uncapped safe with a Most Favored Nation (“MFN”) provision (the “MFN safe”) Notable Mentor/Advisor Network Brian Armstrong (Coinbase), Michael Siebel (Twitch), other alumni, etc. Strengths - Proven track record of Web2 unicorns - Proven frameworks for building and scaling business from Web2 perspectives - Broad investor network From the West (2/2) Traditional, Batch structure
  • 7. 6 STRICTLY CONFIDENTIAL Web3 Native (Batch Structure) LongHash Ventures Tangent (Angel Collective) ILAP (GameFi, Metaverse) Year Founded 2018 2022 2022 Cohorts/year 2−3 4 First batch Program length 12 weeks 12 weeks 8 weeks Program structure (what does the program entail) - Workshops and fireside chats, 1:1 mentorship, demo day 1:1 mentorship - Workshops, 1:1 mentorship, Group hours (founders), demo day Partner ecosystems (L1,L2, other protocols) Polkadot, Filecoin, Algorand, Axelar N/A Polygon, Alpha Venture DAO Perks/Benefits Network intros Media, technical, legal and auditing resources Expertise, Network Economics (asks from projects) $200K upfront investment in exchange for 4% of equity / future total token supply; Up to $300K in additional, discretionary investment upon completion of the program Less than 3% Not public info Notable Mentor/Advisor network Stani Kulechov (Aave), Kain (Synthetix), Robert Leshner (Compound) 0×Maki (Sushiswap), Gabby Dizon (YGG), Sam Kazemian (Frax), Tascha Punyaneramitdee (AVD) Joseph Young (Hashed), Felix Sim (Salad Ventures), Hassan Sheikh (DAO Maker) Strengths - Ecosystem partnerships with Polkadot, Filecoin and Algorand - Distribution for incubatees from the audience of Longhash’s research - Asia investor network - Founders well known in the space with huge following on crypto twitter - Exclusive mentorship from founders - Distribution from Blockcrunch podcast and founders’ twitter following - In-house gaming launchpads: GameFi, RedKite, Polkafoundry - Portfolio companies consist of top gaming projects: Bloktopia, Rainmaker games, Monkey Ball, Sidus, etc. - Partners: Polygon, Alpha Venture DAO From the East (1/2) Web 3 Native, Batch structure
  • 8. 7 STRICTLY CONFIDENTIAL Web3 Native (Ad-hoc, advisory) Icetea Labs Impossible Finance Year Founded 2019 2020 Program Length/ Engagement Period 2 packages: 2 months or 6−8 months Rolling Incubation structure (what does it entail) 1:1 mentorship Topics:Strategic plan, raising funds, marketing, product development 1:1 mentorship Topics: Not public info but ranging from smart contract to marketing to token launch Partner ecosystems (L1,L2, other protocols) Filecoin N/A Perks/Benefits $5K grant from Filecoin N/A Economics (asks from projects) Varies - token allocation or other agreements such as use their launchpad, etc - 0.3% to 4% tokens depending on how much help the project needs (typically 1%) - Investment: $50K-$100K through Impossible treasury/balance sheet Notable Mentor/Advisor network Joseph Young (Hashed), Felix Sim (Salad Ventures), Hassan Sheikh (DAO Maker) N/A Strengths - In-house gaming launchpads: GameFi, RedKite, Polkafoundry - Strong marketing background - Portfolio companies consist of top notch gaming projects: Bloktopia, Rainmaker games, Monkey Ball, Sidus, etc. - Strategic partner - Hashed - Almost 300K followers on twitter (very active account) - Some previous incubatees have raised from Tier-1 investors including Dragonfly Capital - Launchpad + Swap + Accelerator From the East (2/2) Web3 Native, Rolling basis
  • 9. 8 STRICTLY CONFIDENTIAL Web3 Native Alpha Incubate Year Founded 2021 Cohorts/year Work with selective number high potential startups every year on a rolling basis Program length We work with startups from product and technical development to fundraising for up to 12 months Program structure (what does the program entail) ● Office hours with internal mentors on product discovery, product development, technical development, and fundraising ● Office hours with Alpha Network and partners (L1/L2 and AWS); ● Fundraising support; and ● Networking events with Alpha Network Partner ecosystems (L1,L2, other protocols) ● Co-Organizers: Polygon, Sei Network ● Partners: Avalanche, Oasis, Injective Perks/Benefits Tech partnerships with Moralis, Band Protocol, QuickNode and many more Economics (asks from projects) 1.5% - 3% of future token supply Notable Mentor/Advisor network Anjan Vinod (ParaFi Capital), Jason Choi (Tangent Ventures), Paul (Band Protocol) + 70 others Strengths ● 1:1 mentorship with top builders in the space including Alpha team and external mentors from Alpha Network ● Direct support from partner L1/L2s ● Access to Web3 community Alpha Incubate Overview Web 3 Native, Rolling basis
  • 10. 9 STRICTLY CONFIDENTIAL BUILD PARTNER PERSONALISED EXPERIENCE ● Incubatees can schedule consulting calls with Alpha Network on an adhoc basis. ● Alpha will also assist incubatees in identifying advisors who can add value and move the needle for the project in order to incubatees to have personalized advisory experience. ● As a result of our high-touch bespoke program, projects are able to achieve their milestones and move from 0−to-1 through the program. WEB3 COMMUNITY ● Team behind the Top 10 DeFi protocol; brings experience and playbook building DeFi products that scaled to $1.8B+ in TVL within 4 months of launch. ● Incubatees will get personalized mentorship from Alpha team on product discovery, product development, and technical development. Alpha Incubate Differentiation ● Founders connect with a community of Web3 users through our platform. We have >130K community members, who the incubatees can leverage to bootstrap their own communities for token launches
  • 11. 10 STRICTLY CONFIDENTIAL General Details ● Website ● Application link ● Apply today! We open for applications on a rolling basis. ● Start date: From January 2023 onwards ● Stage: pre-mainnnet, pre-token ● Sector: DeFi So far, we have analysed the different models of incubators/accelerators. To conclude, we would like to share some more information on Alpha Incubate for builders interested to apply. Final Words Program Structure Partners, Mentors and Investor Network ● 1−on-1 mentorship from Alpha & our partners, including Polygon & Sei Network on product discovery, product development and technical development ● Personalized fundraising support including intros to VCs and insights on how to craft narrative and pitch Partners Mentors and Investors and many more