From the Funding Gap to Web3
Build Up Labs started 8 years ago as a Venture Builder and during these years we have created and launched 12 startups of our own.
We had several failures, 3 Exits and some successes still ongoing.
But above all we learned a lot and improved the process of creating new businesses in a more efficient way.
With the purpose of sharing this experience with the ecosystem and leveraging the various networks we’ve created (of investors, mentors, partners, etc.), we decided to create a private, remote-first Incubator in mid-2020.
It has been a year and a half that has exceeded our best expectations, with almost 30 startups incubated, being over half of them international.
We are excited about the perspectives for 2022 and we leave three topics in which we will focus on.
Solving the funding gap for pre-seed investments
Throughout the year we had the opportunity to support several incubated startups in the process of raising pre-seed investment rounds.
Typically the projects were post-product and pre-revenue.
When approaching investors (Business Angels and VCs) we invariably ran into the argument that it was early for them to join and that they would rather wait until there were more traction metrics.
It was evident to us that there was a lack of backing/funding/investors for tickets from €20K to €50K. It is these tickets that will allow the startups to prove the potential and traction of the business for subsequent rounds.
So we decided that we would try to solve this gap in the market, not only for our startups, but for others in the same situation, by creating a fund for pre-seed investments in 2022.
If you feel the same dilemma with your incubated startups and you are are available to collaborate in the resolution, send us an email to firstname.lastname@example.org
Impactful and value-added services
The trust relationship we usually create with our incubated startups has led them to ask for our hands-on support in critical phases, such as market validation, product development, growth hacking or sales.
This type of support was the fastest growing during 2021. We responded to requests by having our team work side-by-side with the founders, or by selecting and recommending the most suitable service partners for the challenges.
For 2022, this area of hard skills will certainly continue to grow. However, we realize that new challenges related to soft skills are an obvious need for first-time founders. Namely challenges in creating a company culture, leadership coaching, recruiting and selecting first-time founders. This will be a new focus for 2022.
What will Incubators look like in the Web3 world?
The term Web3 has been increasingly flooding our internal conversations throughout 2021.
This 3rd iteration of the Web, which is being developed based on innovations such as blockchain and cryptocurrencies, has given rise to other new concepts such as NFTs or DAOs (Decentralized Autonomous Organizations).
The founding principle of DAOs is especially interesting to us when applied to the Incubator context. An organization where a community of individuals or companies align interests and incentives, using blockchain, tokens and smart contracts to implement decision-making and participation in the governance model.
This vision is, for now, still diffuse and vague. Hence, our intention for 2022, will not be to go from 0 to 1, but to experiment with a 0.1 version of the concept.
See you in 2022, preferably IRL (in real life). 🎉
About Build Up Labs
Build Up Labs is a startup studio that ideates, builds, and grows several startups in parallel, based on a lean process. We generate and validate digital product ideas by creating new ventures.
In 2020, we launched our Startup Incubator, supporting early-stage startups growth with mentorship, networking, investment, networking opportunities, and a like-minded community.
Do you want to be a part of a promising growth journey in the digital ecosystem? Join our Incubator today!
If you have any additional questions about Build Up Labs, feel free to contact us at email@example.com.
Written by Rui Gouveia & designed by Mariana Campos