The rise of web3 creates an infinite array of opportunities up for grabs by the most daring entrepreneurs
Imagine a nascent Far West town during the gold rush. There is demand for a saloon, a barber, an hospital, a bank, a grocery store, a tailor... There is a need for roads, telegraph cables, water pipes, stagecoaches… Everything.
The clients are already waiting for the products to be built, waiting to pay handsomely with the gold they just extracted from the mountain. Even basic versions are considerably better than nothing as a starting point in absence of competition. Even the Sheriff understands that.
But there are not enough entrepreneurs to build these products. Few people had the courage to make the trip ("Too late!" "Not a proper career!" "Too expensive!"), and many of the early joiners in the space are either freedom lovers who don’t want to embark into entrepreneurship, or rich already, or both.
It’s way easier to succeed in a young world where ideas are abundant, rules are simple and good entrepreneurs scarce than in an established world with heavy competition and scarce opportunities.
This is exactly what’s happening currently in web3. And the 1,5 trillion $ of value created in a few years by the industry makes the physical gold rush look like a lemonade stand in comparison.
Introducing
Le Crypto Fellowship
Le Crypto Fellowship is a program led by two VC firms, Frst (French seed specialist) and Fabric Ventures (crypto specialist) aimed at creating a new generation of web3 entrepreneurs in Europe.
In 2 seasons we helped 30 ambitious technical people in Europe providing €100k each to live, learn and experiment for a year. Doors are always open for new talents so it's time to apply if you fit. No previous web3 experience is required and the only catch is that if you end up building a company we will own 7% of it and may later ask to invest an additional €700k on pre-defined terms (final ownership of 20%).
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