Introducing the New Startup Incubator Program Hosted by Prota Ventures (Begins Oct 4th, Apply Today) :: with Mike Anderson
08/30/22 • 29 min
In this episode of Ventures, my guest Mike Anderson (https://www.linkedin.com/in/mikeandersonjr/) and I discuss the launch of a new startup incubator program hosted by Prota Ventures (learn more and apply here → https://www.protaventures.com/labs). We talk about the program’s background, motivation, vision, details, mentorship and investor opportunities, cohort model, and more. Prota has an enormously successful track record of incubating and investing in startups at their earliest stages. This new incubator is for those who either want to work as a startup CEO on an existing idea, bring their own idea to the table, and/or propose a general market area for us to incubate a new startup idea together within.
Visit https://satchel.works/@wclittle/ventures-episode-112 for detailed notes and links to resources (videos, articles, etc...) mentioned.
You can watch this episode via video here.
1:29 - Setup for the new incubator, in light of the internet era and Web3
2:02 - Mike intro, background, DAOs, and tee-up for the new cohort coming Oct 4th
3:10 - More information about the new incubator with the labs division of Prota Ventures: https://www.protaventures.com/labs
5:05 - Clarity about the definition of what an “incubator” is, the types of founders that should apply to Prota’s new incubator...
7:00 - Web2, to Web2.5, to Web3...and the various types of companies can leverage the changing internet.
7:30 - Mike’s story of back in high school he thought that all the good startup ideas were already taken...but new technology brings new innovation and entrepreneurial opportunities.
8:30 - How would Will advise entrepreneurs to think about starting and validating their new venture idea: link to apply: https://www.protaventures.com/labs // How to determine if people actually want your new product.
10:45 - You can also apply to this incubator if you want to work on an existing idea.
11:26 - More information about the “Plate” idea that you could be CEO of.
12:31 - More about the structure of the incubator in Q4
14:30 - The Figment story and Will’s background in Web3, different segments in Web3, the power of DAOs.
16:34 - Mike’s commentary on why he’s sending his friends to Prota’s incubator. // “Best path I can imagine for starting a company”
17:33 - More information about the “Startup Rocket” idea that needs a CEO. https://www.startuprocket.com/
19:41 - More information about “Satchel” that needs a CEO → https://satchel.works/
20:40 - Info about “Connect Hero”, its need for a CEO, and its promise for the future.
22:35 - Info about “Research and Me” and its need for a CEO → https://www.researchandme.com/
23:35 - Info about 80 West Labs / CEO need → https://www.getvessi.com/
24:49 - Info about the “Workstreams” app / CEO need.
26:28 - Summarizing the community based support and cohort model for the incubator that begins Oct 4th. Mike is hosting welcome meetings between now and when the cohort starts. First meeting is this coming Thursday at 11am PDT.
27:27 - Concluding thoughts from Will, also summarizing what the incubator is and how to apply. Go to → https://www.protaventures.com/labs
In this episode of Ventures, my guest Mike Anderson (https://www.linkedin.com/in/mikeandersonjr/) and I discuss the launch of a new startup incubator program hosted by Prota Ventures (learn more and apply here → https://www.protaventures.com/labs). We talk about the program’s background, motivation, vision, details, mentorship and investor opportunities, cohort model, and more. Prota has an enormously successful track record of incubating and investing in startups at their earliest stages. This new incubator is for those who either want to work as a startup CEO on an existing idea, bring their own idea to the table, and/or propose a general market area for us to incubate a new startup idea together within.
Visit https://satchel.works/@wclittle/ventures-episode-112 for detailed notes and links to resources (videos, articles, etc...) mentioned.
You can watch this episode via video here.
1:29 - Setup for the new incubator, in light of the internet era and Web3
2:02 - Mike intro, background, DAOs, and tee-up for the new cohort coming Oct 4th
3:10 - More information about the new incubator with the labs division of Prota Ventures: https://www.protaventures.com/labs
5:05 - Clarity about the definition of what an “incubator” is, the types of founders that should apply to Prota’s new incubator...
7:00 - Web2, to Web2.5, to Web3...and the various types of companies can leverage the changing internet.
7:30 - Mike’s story of back in high school he thought that all the good startup ideas were already taken...but new technology brings new innovation and entrepreneurial opportunities.
8:30 - How would Will advise entrepreneurs to think about starting and validating their new venture idea: link to apply: https://www.protaventures.com/labs // How to determine if people actually want your new product.
10:45 - You can also apply to this incubator if you want to work on an existing idea.
11:26 - More information about the “Plate” idea that you could be CEO of.
12:31 - More about the structure of the incubator in Q4
14:30 - The Figment story and Will’s background in Web3, different segments in Web3, the power of DAOs.
16:34 - Mike’s commentary on why he’s sending his friends to Prota’s incubator. // “Best path I can imagine for starting a company”
17:33 - More information about the “Startup Rocket” idea that needs a CEO. https://www.startuprocket.com/
19:41 - More information about “Satchel” that needs a CEO → https://satchel.works/
20:40 - Info about “Connect Hero”, its need for a CEO, and its promise for the future.
22:35 - Info about “Research and Me” and its need for a CEO → https://www.researchandme.com/
23:35 - Info about 80 West Labs / CEO need → https://www.getvessi.com/
24:49 - Info about the “Workstreams” app / CEO need.
26:28 - Summarizing the community based support and cohort model for the incubator that begins Oct 4th. Mike is hosting welcome meetings between now and when the cohort starts. First meeting is this coming Thursday at 11am PDT.
27:27 - Concluding thoughts from Will, also summarizing what the incubator is and how to apply. Go to → https://www.protaventures.com/labs
Previous Episode
The past, present, and future of FinTech and DeFi :: with Drew Glover
In this episode of Ventures, my guest Drew Glover (https://www.linkedin.com/in/drewbailerglover/) and I discuss all-things FinTech, growth, venture capital, and Decentralized Finance (DeFi). We cover his background co-founding Fiat Growth (https://www.fiatgrowth.com/), raising a $15m fund w/ Fiat Ventures (https://www.fiat.vc/), the overall FinTech landscape, advice for founders leveling up their growth strategies, and the future of finance technology for entrepreneurs and the rest of the world.
Visit https://satchel.works/@wclittle/ventures-episode-111 for detailed notes and links to resources (videos, articles, etc...) mentioned.
You can watch this episode via video here.
1:23 - Tee up for the episode, background of the show, entrepreneurial stories, etc..
1:49 - Drew intro and background
5:11 - Define for the audience: What is FinTech? What isn’t FinTech?
7:39 - FinTech definition recap. Would DeFi be under FinTech? How does Drew think about Decentralized Finance?
11:23 - What was it like to raise a $15m Fund for Drew? What advice would he have for first-fund VCs?
14:07 - Did they finish raising their fund before the market started tanking?
15:06 - What is Drew’s take on the FinTech landscape? What is his thesis on the space? Where should entrepreneurs be looking at for opportunities?
18:16 - Given Drew’s background in growth and FinTech - how should an entrepreneur who is building a FinTech company be thinking about acquiring customers in such a noisey landscape?
22:17 - Book: How to Lie With Statistics (https://www.amazon.com/How-Lie-Statistics-Darrell-Huff/dp/0393310728) // Commentary on vanity metrics
23:04 - What is Drew’s advice for a founder who doesn’t have much of a budget to hire a growth team?
25:26 - What is Drew excited about regarding the future of FinTech? Learn more about Copper: https://www.getcopper.com/
27:57 - Drew’s firm led Copper’s Series A. // Where can people find Drew online? LinkedIn: https://www.linkedin.com/in/drewbailerglover/ // https://twitter.com/drewbailer
Next Episode
Introducing Alphi: Transparency and trusted information for the NFT community :: with Jesse Bryan
In this episode of Ventures, my guest Jesse Bryan (https://twitter.com/jessebryan) and I discuss his new project, Alphi (https://twitter.com/alphixyz). Alphi’s vision is to be a source of trusted and transparent information in the NFT community to help collectors “do their own research” effectively. We talk about the background and motivation for the project, why trusted information is so hard to find, analogies to information being shared from public companies, and more details about Alphi’s product roadmap and timeline.
Visit https://satchel.works/@wclittle/ventures-episode-113 for detailed notes and links to resources (videos, articles, etc...) mentioned.
You can watch this episode via video here.
1:31 - Episode tee-up from Will, commentary on the NFT space, people who are actually building are shipping new projects daily....it’s hard to keep up.
2:06 - Background of the idea where Alphi came from, information silos, unfair access to information, etc..
3:07 - “Do your own research” // How do you do that? // How did Jesse do this with some of his own research on projects
5:02 - Functional community journalists in projects
5:51 - Building a wikipedia / glassdoor / IMDB style platform for the NFT community
6:30 - Watching out for rug pulls / creating transparency
8:15 - The second piece of Alphi - a daily ticker / feed of more information
8:30 - Why does the NFT space matter? Why does paying attention to it matter?
12:35 - Alphi helps protect non-Web3 native people... it’s a source of trust.
13:31 - Commentary about the amount of alpha buried within Twitter Spaces, discords, etc.. very small number, not falling into the same traps of Web 2
15:00 - “The more you give, the more you have” // Helping people who are working a normal job swinging a hammer
16:54 - Analogy to information being presented at a stockholder meeting for a public company; in the NFT space, that happens in a random Twitter Space and doesn’t even get dropped on an official channel until later (if ever).
19:25 - Generous people who help onboard people into NFT communities. Alphi can help save time since information can be centralized.
20:26 - Alphi product timeline, features to expect. Looking to find community journalists from the different projects. Looking for people to join the Alphi team.
22:26 - Alphi lore / artwork / mechanical hints
23:39 - Is Alphi doing its own NFT drop? More information about the Alphi Genesis drop.
24:53 - Final thoughts - need for Alphi - vision and call-to-action. https://twitter.com/alphixyz
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