SeedClub: The Y Combinator For Web3?
Seed Club is a DAO that builds, supports, and invests in tokenized communities.
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Web3, Blockchain, and DAOs were all built with an open-sourced ethos in mind. People were tired of the Web2 monopolies (Apple, Amazon, Facebook, Google) acting as guardians of the internet realm where they controlled users’ data, made all the decisions for what is acceptable on their platform, and any insight into how they operated, or what happened with your data, is extremely opaque. Web3 is the antithesis of those characteristics and aims to be completely transparent, open-sourced, and decentralized. For Web3 to take off it will require similar funding and accelerator mechanisms that have been proven to work in Web2, such as Y Combinator. Y Combinator is an American-based technology accelerator that was founded in 2005 and has helped launch over 3,000 startups including an impressive portfolio of Stripe, Airbnb, Doordash, Coinbase, Twitch, Instacart, and more. It is extremely hard to start a business of any kind and accelerators are needed to help push the industry forward and give founders the guidance they need to succeed. Seed Club is a DAO-focused accelerator that is assisting communities in optimizing their governance, tokenomics, and reward systems by building, supporting, and investing in tokenized communities. It is the Y Combinator of Web3/DAOs and already has an impressive track record since its initial fundraising.
Seed Club raised over $2 million via crowdfunding on Mirror in July 2021, since then the community has invested in over 30 projects including Krause House, Cabin, Forefront, Pool Suite, and more. After receiving hundreds of applicants for the fourth cohort of Seed Club’s accelerator program only twenty-one were selected, the cohort begins on January 31st for six weeks of hands-on learning.
The Accelerator
A few times a year Seed Club brings the most promising community token projects together in small cohorts to work alongside some of the smartest people in the social token, creator economy and crypto spaces.
The Accelerator is six weeks of concentrated, collaborative learning and building with top pioneers and leaders in social tokens, DAO's, cryptocurrency, NFT's and web 3.
The biweekly sessions will include:
Feedback and coaching
Guided exercises designed to hone your community and token building skills
Peer-to-peer study and accountability groups
Experiential workshops, including minting tokens and setting up bots
What to expect from participating:
Seed Club brings the most promising projects together to work alongside some of the smartest people in social tokens, the creator economy and crypto to increase your chances of success. Talks with collaborators such as Kristen Stone (Balancer), Jacob Horne (Zora), James Young (Collab.Land) and Pri Desai (OpenLaw / LAO / FlamingoDAO) will cover:
Project Design and Conceptualization
Economic Modelling and Distribution
Liquidity strategies
Management and Growth
PLUS - Projects who launch tokens receive an allocation of $CLUB tokens
DAOs who enter this program have to pledge 3% of their token allocation to Seed Club but in return receive an allocation of $CLUB tokens (Seed Club’s community token) when they launch. Each cohort is allocated a specific amount of $CLUB tokens that will be distributed to projects, contributors, and mentors in the Seed Club ecosystem. This may seem like a lot to a DAO just getting started but with a successful track record from its first three cohorts and a growing community of web3 leaders, with extensive knowledge in a nascent and esoteric space, it can very well be a bargain in the long term.
$CLUB Token
Seed Club is a community-governed project.
The single biggest goal of $CLUB is to attract talent to work on Seed Club projects.
This means that $CLUB will be used for:
Onboarding
Contributions
Curation
Together, $CLUB acts as a powerful coordination mechanism to get the smartest people in the world into the same room.
The $CLUB token is currently trading at $11.2 USD and to become a member of Seed Club you need to hold at least 10 $CLUB tokens.
mClub
mClub is a sub DAO under the Seed Club community that operates by giving grants to creative individuals on the Mirror blog site which is a web3 toolkit for sharing & funding anything: Write your latest idea, launch the next big DAO, or build your web3 home. mDAO raised over $140,000 in its mission to support creatives on Mirror.
mCLUB DAO aims to be:
The foremost backer of projects, and collector of tokens, on Mirror.
The premier media publication focused on the Mirror ecosystem.
Seed Club is a pioneer in the web3 space, learning from its web2 predecessors, and transposing the successes of Y Combinator onto the future of tokenized communities (aka DAOs). The community has seen rampant growth and currently has 31k Twitter followers, over 12k Discord members, and 50+ mentors that are thought leaders in the web3 ecosystem.
So, if Seed Club can achieve an iota of the success that Y Combinator has the 10 $CLUB token membership price may seem like the opportunity of a lifetime in a few years. It may be some time before Seed Club has 3,000 teams go through its cohorts and companies on the same level as Stripe, Airbnb, and Coinbase in its portfolio but it is certainly headed in the right direction since its inception. The DAO ecosystem is in desperate need of something like Seed Club to provide guidance, share best practices, and allow these communities to hit the ground running when they launch to the masses. As Paul Graham, founder of Y Combinator, once said, “Like having a child, running a startup is the sort of experience that's hard to imagine unless you've done it yourself.” This is even more applicable to DAOs where the startup, or “child”, is meant to be managed by the whole community and not one centralized entity.
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