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.

Key takeaways
  • Bitcoin Startup Lab helps entrepreneurs build investment-ready startups in record time (typically 3 months) in the Bitcoin ecosystem

  • Ethereum builders are increasingly moving to build in the Bitcoin ecosystem, with statistics showing growing dominance of Ethereum founders in Bitcoin startups

  • Successful teams typically raise $1-3 million within 5 months of starting the program

  • 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
  • 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
  • Bitcoin presents massive market opportunity with only ~1% of potential infrastructure currently built

  • Bitcoin Startup Lab launched largest Bitcoin online hackathon with $533,000 prize pool

  • Cross-pollination between Ethereum and Bitcoin ecosystems driving new innovation levels

  • 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
  • Program focuses on transformation through rigorous bootcamp-style training, starting from ideation stage through investment readiness