Hear from out latest IPFS accelerator cohort | Outlier Ventures Elevate 2023

TL;DR

Panelists discuss the progress of the IPFS Open Medibus Base Camp and the support provided to startups in terms of fundraising strategies, token design, and mentorship.

Transcript

before we get into the team trailers we will talk to some of the people that made the base camp possible so I'm Ruth the manager of the ipfs open medibus base camp and I'm super happy to be here as we showcase and celebrate the founders and the supporters of the space camp today we're joined by some of our excellent panelists we have Brad Holden wi... Read More

Key Insights

• 📽️ The IPFS Open Medibus Base Camp provides a platform for builders to turn their projects into successful companies.
• 🎓 The panelists highlight the importance of education and support in areas such as tokens, product advising, and tokenomics.
• 👤 The token landscape is shifting towards tokens being utilized to enhance user experience rather than solely for incentives.

Questions & Answers

Q: How does the IPFS Open Medibus Base Camp fit into the wider vision at Protocol Labs?

The base camp provides an opportunity for builders to turn their projects into viable companies, aligning with the vision of supporting the growth of the ecosystem enabled by the Filecoin virtual machine launch.

Q: What areas of support did the teams receive from the token team at OV?

The token team provided education on tokens and web3, product advising, token design, tokenomics, and assistance with pitching the token to investors.

Q: What characteristics make a project suitable for a token?

A project should have a clear utility for the token, complementing the product rather than being the product itself. It should focus on increasing user experience and have a need for the token within the ecosystem.

Q: What advice does Brad Holden have for teams looking to fundraise in the current market?

Ensuring that the narrative resonates with investors, demonstrating early signs of product-market fit, and focusing on building solutions that appeal to a broader market and abstract away crypto complexities are key. Choosing the right partners is also important.

Summary & Key Takeaways

• Brad Holden from Protocol Labs talks about the ecosystem maturity and the role of the IPFS Open Medibus Base Camp in helping builders turn their projects into successful companies.

• Will Remo from MakerDAO discusses the evolution of the teams during the program and the work done on their projects, including tech roadmap, product-market fit, and economics.

• Robert Mullins from the OV token team explains the tailored approach taken with startups, including education on tokens, product advising, token design, and tokenomics.