Share this article
Boost's bitcoin-heavy incubator program gets underway
Boost VC's summer program is well underway, helping seven bitcoin-related companies to transform their ideas into working businesses.
By Emily Spaven
Updated Sep 10, 2021, 11:26 a.m. Published Jul 18, 2013, 9:47 a.m.
Make us preferred on Google
Boost VC's summer program is well underway, helping the 17 attending companies, seven of which are bitcoin-related, to transform their ideas into working businesses.
Located in the heart of Silicon Valley in San Francisco, Boost provides housing in downtown San Mateo, office space and mentors to the participants, as well as an investment of $10,000 to $15,000.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
The 12-week program involves speaker sessions, mentoring and team building exercises with those taking part gaining legal advice and hours of in-office time.
According to Boost's website:
"We work as hard as you to take your company to the next level."
Boost accepts companies from all sectors and at various different stages in their development, but it is currently particularly interested in consumer tech, 3D printing and bitcoin.
Brayton Williams, co-founder of Boost, said: "We believe there are still many opportunities in bitcoin infrastructure, such as exchanges and payment processors, but we are also very excited about next generation companies, which I believe many of our investments fit in to."
He explained that, aside from the other perks, one of the main benefits the companies will enjoy is working alongside another six bitcoin-focused companies that "are all going down similar paths".
The founder of one of the companies taking part said: "Boost has aggregated a lot of talent focused on the problems we're trying to solve and provides access to a lot of opportunities."
Adam Draper, co-founder and CEO of Boost, said: "My life mission is to help people do what they love, it's not necessarily just bitcoin companies. However, bitcoin is the biggest innovation I have seen in the last 10 years, and we want to help propel it into being the global currency."
He said all of the companies involved in the latest program, which is in its fourth week, are currently "crushing it".
Once the bitcoin companies complete the program in early September, each will receive an additional $50,000 from the Boost Bitcoin Fund, which is backed by Lightspeed Venture Partners, Rothenberg Ventures, The Bitcoin Opportunity Fund and Beluga co-founder Ben Davenport.
What kind of bitcoin companies would you like to see come out of the Boost program? Let us know in the comments.
More For You
Pudgy Penguins is building a multi-vertical consumer IP platform — combining phygital products, games, NFTs and PENGU to monetize culture at scale.
What to know:
Pudgy Penguins is emerging as one of the strongest NFT-native brands of this cycle, shifting from speculative “digital luxury goods” into a multi-vertical consumer IP platform. Its strategy is to acquire users through mainstream channels first; toys, retail partnerships and viral media, then onboard them into Web3 through games, NFTs and the PENGU token.
The ecosystem now spans phygital products (> $13M retail sales and >1M units sold), games and experiences (Pudgy Party surpassed 500k downloads in two weeks), and a widely distributed token (airdropped to 6M+ wallets). While the market is currently pricing Pudgy at a premium relative to traditional IP peers, sustained success depends on execution across retail expansion, gaming adoption and deeper token utility.
More For You
Bitcoin remains subdued as gold races to new record above $5,400 following Jerome Powell remarks
Gold fans rushed in to buy as the Fed chair said he took no macro signal from the raging bull market in precious metals.
What to know:
- Gold soared to a new record on Wednesday afternoon, quickening its rise as Fed Chair Jerome Powell spoke at his post-meeting press conference.
- Bitcoin continues to trade in a very tight range around $89,000.
- "Crypto is underperforming some of the very assets it was designed to supplant," said one analyst.
Top Stories
