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How Ethereum Builders Are Building The New Bitcoin Ecosystem // Futurist Conference 2024 Upper Stage
Explore how Ethereum builders are leveraging their expertise to drive Bitcoin ecosystem innovation. Learn about accelerated startup building and fundraising through Bitcoin Startup Lab.
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Bitcoin Startup Lab helps entrepreneurs build investment-ready startups in record time (typically 3 months) in the Bitcoin ecosystem
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Ethereum builders are increasingly moving to build in the Bitcoin ecosystem, with statistics showing growing dominance of Ethereum founders in Bitcoin startups
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Successful teams typically raise $1-3 million within 5 months of starting the program
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The program includes:
- Month 1: Deep dive into market research and customer validation
- Month 2: Exploration of top 20+ Bitcoin technologies
- Month 3: Preparation for pitching to pre-seed investors
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Program success metrics:
- Over 50% co-founder matching rate
- Network of 350+ pre-seed investors
- Teams pivot 3-5 times before landing viable startup idea
- Compressed fundraising timeline from 15 months to ~4 months
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Bitcoin presents massive market opportunity with only ~1% of potential infrastructure currently built
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Bitcoin Startup Lab launched largest Bitcoin online hackathon with $533,000 prize pool
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Cross-pollination between Ethereum and Bitcoin ecosystems driving new innovation levels
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Ethereum builders bring advantages:
- More experience with Web3 communities
- Previous exposure to smart contracts
- Understanding of on-chain activities
- Network effects from prior ecosystem experience
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Program focuses on transformation through rigorous bootcamp-style training, starting from ideation stage through investment readiness