Beniamin Mincu Implied: The purpose of Maiar Launchpad is tied to a few goals. They are trying to support teams which are solving hard problems that will lead to a global impact. The goal is to come up with a “special force” by creating a program which will support “Blockchain Startups.” Their focus is on opportunity maximization for startups – to improve on the opportunities for startups.
The Maiar Launchpad will be suitable for ambitious startups. Ambitious startups are looking to build passionate communities, raise needed funds, and get valuable feedback toward delivering technology which is useful, and ultimately towards improving the world.
While working with startups distilled insights from builders and developers come up at different phases of the work. Some insights are too early to provide for any definitive conclusions; however, some insights are already obvious and clear.
Holoride, has a strong team providing for a “Metaverse for the transportation industry”, backed by “AudiOfficial” and several major automakers. Holoride team are looking to deliver a first version of their product in collaboration with htcvive, which will make Audi Models “holoride ready.”
This alone is phenomenal. As one can expect, once the product goes live, it will immediately make the other car makers wonder, where’s our integration? Where’s our version of this cool product? Which means one thing. Expansion, expansion, expansion.
RIDE at a ~330M mcap, roughly ~40x from lottery price, with 70,000+ holders, and just starting to expand to more audiences. It’s still early. But they have an immense room to grow, and are in an exceptional position to execute on their transportation Metaverse vision.
Success brings insane demand. So, the Maiar launchpad is a big success for the most ambitious startups.
When the future is exciting, and compelling, there’s a lot of demand for it. Many, many people want to participate in exciting startup projects. So what’s the optimal way to proceed? Dealing with demand, smartly.
Well, one way perhaps, would be to raise more money, and let all people in. But there’s a set of tricky, counter-intuitive problems that come with that.
First, raising too much money can easily kill startups. Differently than you’d think.
Too much money, too soon, can breed complacency, and distraction. Next thing, instead of building a product, hunger is lost and you get distracted prematurely optimizing new found wealth.
Second, raising too much money, too soon, can kill the upside shared with the community and investors. Giving you a much smaller, perhaps insignificant, lever to play with.
Hyperfocus is by far the most important weapon of a startup. Similarly, upside shared with the community is the ultimate leverage and alignment force. So, how does one align both of those in a compelling way?
Well, productive constraints. Perhaps the best way we’ve found (until now) to secure needed funds, maintain hyperfocus with the startups, while opening a unique and high upside pre-listing opportunity to the largest possible community group, has been a lottery system.
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