Applications open for Beacon Cohort F23

Applications are open for the Beacon Cohort F23 to provide startups with the support they need to thrive.

Donor Name: Beacon

Country: All Countries

Type of Grant: Program

Deadline: 09/10/2023

Size of the Grant: $250k

Duration: 3 month

Details:

Beacon offers funding, mentorship and resources curated for web3 startups.

Program Offers

Hands-On Mentors: Each company works with a dedicated core team member who will be responsible for checking in with their founders on a weekly basis. Mentors will work with their team to set relevant KPIs and measure their progress over the 3-month program.
Founder Network: Founders get access to the internal platform of Beacon founders and investors as well as Slack and Telegram groups specific to their sub-vertical within Web3.
Office Hours: Beacon’s core team hosts group office hours every week, allowing companies facing similar challenges to connect and problem solve collectively.
Holistic Web3 Resources: The accelerator offers a full suite of web3-specific resources for founders: standardized legal counsel, market making and exchange listing advice, strategic marketing support, among other sources.
Founder Talks: Every week, they bring in founders across web3 who have built great companies to talk to the cohorts. The founder talks are based around case studies where visiting speakers share the greatest challenges they faced in a candid and open environment.

Funding Information

They offer standard investment terms for all companies accepted into Beacon. They invest $250k at an $8m post-money valuation into every project for 3.125% of your project equity and 3.125% of the total token supply.
As part of the Beacon terms, they request pro rata rights to maintain the 3.125% ownership level by investing new money in future equity financing rounds.
Timeline: Beacon is a 3-month program that runs twice per year – one Fall cohort and one Summer cohort. Currently, each cohort consists of 10-20 companies.

Eligibility Criteria