Yes. We have a standard deal for all our companies. We invest $400,000 on 2 different SAFEs: An upfront $175,000 SAFE for 7% using a simple YC SAFE with a Val Cap and no discount, and another $225,000 contributed to your next round.

As part of our standard deal, we also enter into agreements with the company and founders setting out guidelines and rights, including what happens if the value accrues to a token, a participation right to invest in the company’s future financing rounds (also known as a pro-rata right), investing in crypto provisions, etc.

The result of this model is that we signal to the market that we are willing to invest at your “graduation valuation,” which is a very good signal!

We want our incentives to align with our founders and the key stakeholders of the project. If value accrues to a token, then our terms move to the insider supply of the allocation alongside the founders and their early investors.

Apply now and let us know in your application that you’re fundraising. If you’re selected we can start the investment process for your startup before the batch begins.

We have a IRL Orientation & Onboarding at Week 0 of the program. We give you all the details of the IRL component one month in advance so you can make your visa and travel arrangements.

Weeks 1-12 are fully remote and there is an IRL Fundraising Sprint post Demo Day in NYC.

We typically meetup IRL at all major crypto conferences during the batch where we create opportunities for you to engage and network in person with our network, investors and community. We’ve found this greatly improves your fundraising and startup success.

Our selection process begins by having member(s) of our network review your application. If you’re selected for an interview, we’ll ask you and your entire founding team to meet us virtually to get to know you and go a little deeper into what you’re building.

After we’ve had a chance to meet, the core GPC team regroups where we compare notes, make a final decision, and communicate that decision to you.

We are currently in Spring '24 cohort.
For those who applied July 2024 onwards, we'll review your application and get back to you by Q1 next year.
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If you’re an ambitious founder building in web3, with a bias towards action and execution we want you to apply to the GPC Accelerator.

We back companies that have already gotten funding, to companies that are at the earliest stages. We recommend applying as soon as you have a founding team and an idea you’re excited about.

Nope. While we can’t and don’t provide you legal advice, we do have an incredible network that can help you find legal counsel to help you incorporate. We invest in US Corps. Delaware C Corp is the standard and we’ll need you to start your incorporation process if you’re accepted to the cohort.

Just keep in mind we’re making an investment in your company, so you’ll need to have that complete before we can make the investment.

Building a company is a full-time endeavor and we expect the founders we back to commit to working full-time on their company if accepted into the cohort.

Essentially we’re taking one year of company building and compressing it into 3 months. You’ll be surrounded by other founders who are all working just as intensely to build their company, and everyone in our network - us, our mentors and industry leaders are all highly motivated to help you succeed.

‍Weekly programming is 5-8 hours/week, including group sessions, lectures, 1-on-1 ofc hours, etc. The rest of the time you’re working on building your company.

We have founders that show up at different stages of their startup journey. Some have raised money and have traction, while others are just starting out. But whatever your company stage, our goal is to help accelerate you, prove real demand with real users and customers and prepare you for the next stage of investment and growth.

1. Clear articulation of the problem or core needs of a clear set of users and customers. The best founders we’ve met can clearly articulate their product because they’ve spend a ton of time on the problem, the market and/or the customer.

2. Clear evidence that you’re the right team/founder to build this. What do you know about the market or the customer that others don’t? Do you have a history of success or a life story that show grit and perseverance and pushing through to results? Why are you the right founder or team to build this?

3. A track record of bringing things into the world. The world is full of people with great ideas but short on execution. We look for people who can ship and create things, big and small. The act of creation takes effort, sacrifice, perseverance… all traits we see in ourselves and look for in world-changing founders.

4. Be sure to go through our tips to make your application stand out.

One of the best ways to get in front of us to to be referred by a member of our network. Our network is made up of people with high-integrity who are smart and ambitious and is one of the highest signals we have. That said, referrals are not mandatory. We want to back amazing founders no matter your background, your geographic location or your starting lot in life.