On 31st May 2023, Zeeve held a Twitter space hosted by Karthik MS, Social Media Manager of Zeeve., where Bimlesh Gundurao, CoFounder at FoundershipHQ, Leading Web3 Accelerator for early-stage global Startups, was invited to join the discussion on “Building Early Traction for Web3 Startups.”
The session begins with Karthik introducing the Twitter AMA and mentioning the upcoming Web3 Titans event in Indore. Bimlesh Gundurao then introduces himself and discusses Foundership’s work in supporting early-stage startups.
The conversation begins with Karthik asking Bimlesh about the differences between Web3 and traditional startup models in gaining early traction.
Bimlesh describes that Web3 emphasizes user ownership and incentivization, allowing users to become co-owners and rewarding their contributions. He highlights the importance of community building and crafting a strong value proposition in attracting users to Web3 startups.
The next question asked to Bimlesh is about the key strategies for building early traction for startups and how Foundership approaches this.
Bimlesh shares that Foundership encourages founders to start with a hypothesis and validate it through frameworks like the XYZ framework for the jobs. These frameworks help founders identify problems, understand user challenges, and craft value propositions that resonate with their target audience. He emphasizes the need for effective communication and community engagement to attract users.
Then Bimlesh is requested to share a case study or example of a successful Web3 accelerator.
To this request, Bimlesh mentions a portfolio company called Audio that empowers creators to monetize their content quickly using decentralized content monetization on the blockchain. He also explains how Audio identified the problem of content creators struggling to monetize their content and offered a value proposition that resonated with them.
Finally, Karthik asks Bimlesh about the role of decentralized networks and blockchain technology in attracting early users and customers for Web3 startups.
Bimlesh highlights the advantages of decentralization, such as eliminating centralized control and allowing greater freedom and transparency.
He then adds how decentralized networks provide alternatives for users who have faced restrictions on traditional platforms, attracting them to battery startups that leverage blockchain technology.
To find more detailed answers from Bimlesh Gundurao on “Building Early Traction for Web3 Startups”, click the link below and listen to the Zeeve Tech Talk episode.
