Developer DAO Fellowship Q&A w/Press Start Capital

Recorded: May 10, 2023 Duration: 0:44:19

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I hope everybody's having an awesome day today. I'm looking forward to this space so much. So before we get started with everything in regards to our new partnership with press press start capital and the Q&A session, I want everybody to take a little bit of time.
to make sure they like the space and retweet the space. Let's try to make sure that we get as many retweets as possible. I'd like to be able to see as many of the developer Dow members as well as other people that are interested in becoming developer Dow members or even partnering with Dilpa, so please take the
and then we'll get started in just a few seconds.
All right, I want to go ahead and So much Stephen and Ryan for getting getting everything organized for this Twitter space. How are you guys doing today?
Awesome, awesome. Thanks, thanks for having us super excited to be collaborating with you guys and excited to share what we're hoping to offer you guys and answer any questions.
So exciting. I'm honestly stoked for this whole thing. I'm really excited about this conversation. You and I have been going back and forth a little bit on Telegram. So super pumped about this whole thing. Ryan, how you doing? Are you able to talk?
Yeah, absolutely. Be on to excited to have this program launching. Working with the press start team and the developer doubt team, I think it's just going to be a really exciting opportunity to share with everyone.
Sweet. All right. Well, let's go ahead and get this started. I will first I want to kind of detail a little bit of the partnership. We we've we've talked about this internally on telegram. We've we posted this and it's up to a finalizing vote for the Dow.
Now let's talk about some of the things that are like what what is going on with the partnership What are we getting offered and what are we offering for Press start capital? I'm super excited about this as far as like the fellowship program. Let's talk about all of it
I'll go ahead and let Stephen kick off just to talk about some of the framework when it comes to the fellowship program. Sure, so hey guys, I'm Stephen. I'm one of the GPs from Prestar Capital, alongside Spencer and Luke who are also listening in on the space.
So press start capital, we are a Web 3 entertainment fund, very early stage, pre-seed. You know, our partners were all former builders and founders ourselves. So, you know, we've definitely been there and kind of experienced that journey that you guys are all going on today.
And so for this fellowship, you know, this kind of came out of our own observations and as builders of being deep in the space, you know, one, we kind of know that a lot of people in Web 3, you know, a lot of builders, rockstar builders have these kind of like ideas and then back in their mind.
Sometimes you just need a little kick in the pants to get started. We're our goal with these fellowships is to help builders like that get started and ship something. We view ourselves as
By doing this we view ourselves as kind of helping to grow the space overall You know, because I think we think that you know through experimentation and through shipping and through getting real-world feedback That's how you as builders grow and that that's also how the industry grows as well, and so you know, we did the first couple fellowships with Orange Dow
We helped co-create and co-design that first season together with them. We're super stoked to work together with you guys, develop your dial as well, and offer the same thing to your community. I'm not sure if I'm missing anything. I'll hand it back over to Patrick and Ryan.
Perfect. No, yeah. I mean, honestly, it's super exciting. Can you tell me a little bit about the journey? What led you to creating PressDark Capital? Where did this all begin as far as like that? Did you have like a single epiphany moment of like, okay, this needs to be done. This needs to be offered to more builders.
Yeah, good question. Yeah, so you know as mentioned like all of our fund partners were all raw ex builders and ex founders are self Specifically myself and Luke we actually started a previous fund in the last cycle the 17 18 cycle and you know
So we did pretty decent and so we're kind of thinking about our next step for the fun. And so the big question there for our next step was, okay, like Web 3 is cool, crypto is cool, like how do we grow the industry? Like how does this space grow?
So basically came down to, like, how do we onboard the next billion users into WebThru and crypto? And so that's where, if you look at history, like previous technology cycles, like, you know, streaming obviously or like e-commerce and stuff like that, for those
Technology cycles, what kind of brought that technology to the masses is usually some sort of entertainment related use case most of the time. And so that's kind of the thesis and hypothesis. We're like, okay, that's the kind of bet we want to make today.
for Prestart Capital. So that's kind of what led us today to Prestart Capital and kind of our whole Web 3 entertainment thesis. That being said, you know, with our fellowships, we tend to be a little bit broader. So we can't go outside of the entertainment category that being said.
Yeah, and also just to add real quick when when we say web 3 entertainment, you know kind of again builder hats on we think about it as a full Technology stack right so so for the fun we invest all the way down in to L1s and L2s like most
So, I'm going to add to a link infrastructure like Walla Connecting Zero on a some of our portfolio companies as well as actual kind of gaming studios, content studios and creator that.
No, that's, I mean, honestly, it's perfect. I mean, you're absolutely right. To be honest, I never really thought about it in the way of using streaming as a good example. I mean, streaming really never... It still has so many other use cases outside of entertainment, but entertainment is definitely grass wet.
it's an entirety. But so then when it comes to pressing our capital and the current landscape, what are your thoughts of like what the current landscape is? What do you think it everything's going to look like in the next six months, a year or two, even five years down the line?
trading volumes down. So I think it's really easy to kind of get down when you kind of look at the current landscape, but I would just say, you know, like, you know, having gone through a couple of bear cycles now, you know, I think for those that have gone through multiple bear cycles, like, I'm sure they'll see
the same thing is like things will come back and so you just kind of have to like have that conviction and confidence in that and so if you just have that confidence and kind of just control what you control right so you get control your effort you can control how fast your ability control what you built you know focus
on that you can control the time you spend in customers. If you focus on those things, I would say generally speaking, you'll come out of it. Okay. Five years, I would say Web 3. I think one of our underlying pieces for Web 3 is that
It's almost like stock options on steroids, right? So, you know, kind of like web 2, so to speak, kind of like, you know, I guess what one introduced kind of like made data and information easy to distribute around the world very easily and then web 2
to introduce interactivity. At its core, we think Web 3 makes it easy to just be value. The clear example of that is what tokens, but I think we think the true potential of it is almost flipping stock
options and kind of like almost like taking that to to another level. We think that's kind of a potential with what through and like the implications of that on users and the second and third order effects on that are pretty incredible and honestly it's hard predict but pretty optimistic about it.
So there's a few things that you mentioned that honestly I think is what's the most exciting thing about this partnership. I mean, yes, we have partnered with a lot of open source protocols and SDKs and you know blockchains and things and all of our developers, I mean,
We've learned so much. I mean, we've done hackathons on so many different levels. But the one thing that is really missing for so many developers in developer doubt and outside developer doubt is, okay, I just built
this cool thing and everybody's excited about it. Everybody that I'm working with excited about it. Maybe I want a hackathon with it. And it's a fully operating system or it's a fully operating application or even an IoT device. But then you get to that point where you're like, okay, everybody's excited
is working now what? How do I get funding? How do I get it to, you know, get a go-to-market strategy? How do I do that? And that's probably one of the most exciting things about this is being able to talk to you guys and get some mentoring and everything on what is
needed for that extra mile. And so that's probably the most exciting part for me in this partnership because it's the one thing that I think most developers lack when it comes to that final leg of developing a product and having it
So following that, the question that I have is why developer doubt for you guys? Why did you guys like to choose developer doubt and why was developer doubt kind of like that choice of like, okay, these are the people that we want to set up a fellowship with and we want to do mentoring with.
Yeah, every question. I mean, I think at the end of the day it comes down to like we we have a preference for builders and and yeah, builders and guys who could ship right? And so you know, obviously developer dial with kind of like your membership cohort and kind of
like all the traction that you guys have there is almost kind of like a no-brainer to be perfectly honest. And you know, okay, it goes back to our experiences as partners ourselves and kind of our own founding journeys and building experience. Like we know that like the people built in the future are the building
And that also kind of it's like I was also the same reason why we worked with orange dow as well. I see James in here. It's up James. You know, like we want to buy towards working with like build an organization. So, you know, that's where kind of orange dow and developer dow or just kind of no brainless for us.
Absolutely. Yeah, so I love the guys at Orange Dow as well. I've spoken to them many times. When it comes to this partnership and this fellowship specifically, what kind of projects are
are you really excited about seeing? I mean, obviously, technology is constantly changing month of month. There's new things being rolled out constantly. What are you guys really excited about seeing as a potential that could come from this fellowship?
Yeah, I'll take a first stab, but they don't hand off the Spencer and Luke, but you know like as a fund we're obviously looking at like entertainment and what we say entertainment, you know that includes gaming metaverse NFPs
So that is kind of like our bias as a fun, but you know, as I mentioned earlier for the fellowships, we're willing to go to go outside of that category. So, you know, if you're not working within that category,
Yeah, I think, um, yeah, I think, you know, I think
Just to echo the previous point, we kind of look across the entire stack. And so, and I think also being this early, a lot of times as a founder when you go through the journey, you'll be making pivot. So that's part of the reason we
why we're certainly open to anything broadly within Web3. And I think overall, we're just looking to work with the most passionate and talented builders.
Awesome. I haven't heard Spencer yet. If you want to try and make feel free to try him in any time, but I'll go ahead and jump to the next question if you want to jump back to any other questions previously spoken. Feel free to. Now, okay, so you guys are pretty open.
You guys focus on entertainment mainly, but you have an open idea to pretty much any kind of build within the web through space. What is the best advice you can give our builders that are potentially applying for this fellowship?
Good question. Oh
I'll break this on the two parts. So I think for applying, I think probably the biggest thing that we're going to put weight on is what you shipped in the past. So please share as much information, like add as many links as you can, because that'll definitely be
something that we look into deeply for the application process. As far as generally speaking, I'll just say, again, we're biasing towards founders who ship early and ship often. We like it when founders talk to their users a lot.
spending that time is definitely worth it, especially in the early stages. And I think another thing to think about is what are existing behaviors, what are existing user behaviors that you could try to tap into. And I think a lot of times we're seeing Web 3 apps that are cool, but
like maybe they're not getting that much traction and I think part of the reason is because user behaviors are just different and you're kind of asking these users to make these big behavioral changes which is pretty big ask but yeah so I would say breaking those down into like the application versus to general speaking.
Okay, perfect. So I'm going to dive into this question just a little bit because I know a lot of us developers we have built things we've shipped things we've You know, and we've applied to various different you know funds we've applied to
or even accelerator programs, why a comedy or tech star is whatever. And of course, you know, the likelihood of getting in, you've got to do your work obviously to get in and lots of times, most applications getting into white-hunger stuff.
is not, it's not their first time applying. But you end up just, you know, when you don't get in, you just get a email that says, "Hey, sorry, you didn't get in." Not really any read rhyme or reason to it, you just didn't get in. There's no explanation. So, let's
Let's get into that a little bit. What are the common reasons that somebody may not get into a fellowship? Obviously for you guys, your focus is what have you done in the past? What have you shipped in the past? How often are you communicating with people that you're building a shipping for?
But I mean, you're not expecting these guys to have, you know, multi years of building a shipping sea cores and scaling them and then exiting and all of that. You're looking for building and shipping, correct? Like what are some of the things that you can kind of specifically talk about on that on that side?
another one that maybe doesn't get talked about enough is kind of like what's your unique insight and it doesn't have to be domain experience like obviously domain experience is kind of like the most straightforward way to have insight into whatever industry or space you're building for but there could be other ways to kind of have insight and so
I think sometimes that doesn't always get across. And what I find a lot of times, maybe founders have it, but they don't communicate that well enough. So yeah, I'll think about that. If you have a unique insight,
How do you make sure that investors or partners or even employees, how to communicate that clearly so that they know about your unique insight? That's going to be what your edge is. I'll say think about that.
Yeah, and just to double click a bit on that, I think, you know, I think the unique insight could just be that this, you know, this thing that you're kind of building to solve is a problem, right? And is a big pain point for a lot of folks. And so, you know, we definitely, so I think
kind of adding a bit to the earlier question as well. My advice would be in terms of what you're thinking to build or the kind of, you know, like as you apply for the scholarship is highlight what is the problem you're solving and why is it a problem for not just yourself, but a significant amount
of people. So put in other words, don't try to build a solution that's looking for a problem, but figure out what the problem is first. And that's, again, through either just your own kind of using all the existing solutions on the market and seeing how they're not solving the problem, or I think talking to
to other users to really understand why everyone else is having the same problem. This kind of goes back to my experience back in Airbnb where I think Brian Cheskey always, his slogan was kind of do things that don't scale when you start. So I literally have one-on-one conversations
while you're using it, to understand firsthand, some of the things that they may not disclose via Discord or bug reports, etc., that they will actually open up more of a one-on-one conversation. So I think that's definitely something to
think about. And then I think the other thing to add is, you know, even if you haven't had a lot of experience to just shipping things by yourself, I would highlight, you know, what have you done as part of teams that have shipped, right? Like what was your individual contribution there?
Yeah, I will also just try and share some maybe that good to have not not necessarily like reasons why you know teams get rejected or whatever from like my own personal experience as well. But I think the first thing is why now I think there are some problems that are really good to solve.
in the past or in the future, but maybe not so much in the now moment. I think that's really important to think about, which is why now timing usually also has some interesting implications in the space. For example, there are many startups recently that has been going to solve
for the liquid staging, instead of problems of the e-tico system. And the winery is pretty obvious because of shapela and a lot of the things that go around that. So I think there's definitely some elements to that. So definitely when you're talking to users and so on, you will start to identify some of these trends.
and what will help you to increase the demand that you have for your problem space. I think the other thing is just to be just really deeply interested in the problem space itself and that will open you up to other opportunities as well in this space. And the third thing I'll just mention
is just demonstrate the ability to be able to build a team in the future. Should some of the initial things that you're working on takeoff, that will always help give more confidence to anyone, customers, partners, and investors in the future.
Yeah, and I think this is a great time just to offer up, you know, I'll be hosting office hours We have a few members within the Dow that have raised capital before and you know been accepted to accelerators and so I think that it's if you're looking for another pair of eyes to come in and review
application you want to talk through and make sure that you have those points being addressed in your application or if you need connections to people who would verify that this is a problem. You know reach out to me I'll be hosting office hours within the DAO and so my time is absolutely available for any of those reasons.
I think one other thing I'll just add like you mentioned kind of like the issue of like applying and sometimes not knowing not knowing your reasons why so I think what we could do is like kind of commit commit right now that like everyone does apply for this fellowship will
I can't guarantee you a super long response. But we'll try to give you some feedback and hopefully that might be helpful for you guys moving forward. Honestly, I think that's probably the greatest takeaway anybody can get out of this.
I think everybody should just throw in an application at this point because if there's anything that a developer has the most difficult time getting its feedback on an application, that's probably the hardest thing out there. It's so difficult to get feedback. You can get feedback on a
build, you can get feedback from other developers, you can get feedback for anything that you're trying to do. But getting feedback from any type of accelerator or funding application, whatsoever, is one of the most difficult things. So I would say that beyond the $15,000
and a fellowship membership at the mentoring and everything. That right there is a massive, massive thing to take away from this. So I definitely recommend everybody just to apply with whatever idea you have. Just to at least get a little bit of feedback because that feedback is so gold.
So I definitely recommend everybody to put in their applications for this. Let me jump to the next question. Mentorship. Let's just talk about mentorship for a second. I'm going to ask two questions at the same time first. How important is mentorship to you guys? How has
mentorship going to be structured for the fellows and last but not least mentorship for you. What was the best or maybe even current mentorship that you have received or received in the past?
Mentorship is a thousand percent critical. And often not for the reasons you might expect. Obviously, if you have a tactical question, like you want to talk to mentors who've actually done that before. And so as part of our program,
Obviously, us partners will obviously be around and give feedback and give a pair of eyes. But we're also bringing in very experienced successful founders who have been there, who have walked the walk and talked the talk. We're talking about sea level guys from Binab,
We're talking founders of you know guys like Matt Liu founder of or in protocol guys like Geo from Axi You know founders of different L1s. We're gonna bring in like different L1 guys to kind of help you make some of those those decisions Of course we'll bring in other investors, right? So guys from
like 500, a line of stuff, etc. And so, you know, that's part of our ideas like every week we're going to bring in a speaker and you guys could just like ask them questions directly one on one and then, you know, us ourselves as partners were available and then we're also happy to kind of make introductions to our network. So,
That there's that side of things and then I think to answer the the second part of question of like the most helpful honestly I would say for me the most helpful when talking to mentors is actually like almost like emotional founder support right so a lot of times the founder journeys pretty tough
at least for me. Yeah, like, back in the day, me and Luke, we actually kind of ran this little program. It was almost like a founder therapy group. And so, yeah, I would also like look for like mentors and kind of support groups there in addition to kind of taxical asks that you might have.
Yeah, and I think my mental model around mentorship is I think with a lot of things in life, right? It's just about pattern recognition and with mentors a lot of times they've been in the exact situation you
been and they've made the mistakes, right? They know what to do. They know what not to do generally. And so it's extremely valuable. It's almost like a cheat code or like a strategy guide.
the gamers in this space. Or it's like, yeah, you could try yourself and make the same mistakes, or you could have talk to someone who's been there and literally avoid a lot of the mistakes and just kind of like power level through it.
This is so huge. I mean, honestly, the takeaways that we can get in this partnership are massive. I'm so excited for this. I honestly can't wait just to see the level of feedback that Fellows will
and then having the potential to pay that information for future developer down members as well. I'm honestly super stoked for this. So let's get into the actual fellowship. The fellowship includes a first check of the fellowship.
$15,000 to each fellow. Could you explain what this will do? What are the requirements? Are they tied to anything for that first $15,000? How does that first $15,000 work?
Yeah, so I think like the purpose of the 15,000 like it's not meant to kind of last you forever obviously But kind of like what we notice is that when you look at the especially like web through crypto space There's you know a lot of like hackathons with like maybe small checks maybe if you win um
And then there's like the top tier accelerators like the YC use 500's crypto startup schools of the world. And there's a pretty big gap between that, right? Like, like the bar to get in the topic accelerators like really high now. And so we kind of view like our 15 K check is like, hey,
This should be enough for like let's say a solo developer like you know One two maybe three months To kind of help get you to that level where you maybe you do want to apply for an accelerator So that's kind of like the purpose of the check as far as like How it works though is
It is a safe. We're basically taking the same safe that you get from the YC website. So to save, it does have MFN, most favorite nation. So that basically means that if you do another fundraising round after us, that could include
like, you know, I don't know, a preceded round or maybe get into accelerator. At that point, that is when our check would convert. And then, you know, and then when it says MFN, that basically means we get the same terms as whoever embeds
in that next round. Or I guess technically speaking, we're getting the same terms as the best terms in that next round, hence the most favorite nation. So, you know, we feel that's pretty fair because, you know, the idea is that we're basically committing capital like, you know, months before other
people and we're doing it way before these other guys. We feel that's fair that we basically get the same terms as the best investor in that round. I think there's actually maybe an argument to be made that maybe we should get better terms but I think for
Now, as former founders and builders ourselves, we just want to help you guys get off the ground quickly. We're happy to work with the Sacred MFN. There is a token part as well. For those that do issue a token, it'll be on the same terms as the Sacred MFN.
If you don't issue a token, then it doesn't really apply. I guess one other thing I'll add is that if you don't start, if you don't do a fundraise within 12 months of the end of demo day, then essentially the money's yours.
Okay, perfect. So okay, that pretty much clarifies most of it, but I want to make sure that we're crystal clear on a couple things with other developers that just really haven't navigated like the fundraising world. This is not a convertible note. Can you can you cover like the difference real quick on like a convertible note versus a safe?
The legalities of what is a like a convertible note is technically debt right? And so there's kind of like legalities around you know the waterfall process of debt like let's say if your company goes under or let's say you get acquired then there's kind of like this whole waterfall process
that's kind of like the implication of debt versus equity. And there's also kind of like this weird nuance where like one of the what of many reasons why people move the way from convertible notes is that in the US like technically speaking they're kind of illegal.
because you kind of can't have a debt with zero interest, which a lot of notes were doing. Like it's therefore not interest or it's therefore not alone or sorry it's therefore not debt if there's no interest rate attached so that's part of the reason why I think there the
industry is kind of shifted towards saves. And so, you know, again, I think in the interest of, you know, we just want you guys, you builders focusing on building and not worry too much about this other stuff. So that's why we're just kind of using like, prick standardized docs. So you don't really have to think much about it.
Yeah, one of the things I just kind of like wanted to point it out, especially with that difference is if somebody becomes a fellow and they take on $15,000, they're not taking on $15,000 of debt. So it's not like this looming, you know, guillotine hovering above them that they've
They've got to make sure that this thing shifts through employees and they start a new fundraising round or they're going to end up owing $15,000. Now of course, all of these individuals are being specially selected because they have a history of shipping product. They have a history of building things.
And so there's a lot of confidence put into them by becoming fellows to do something with that $15,000. But at the end of the day, it's not it's not handing somebody $15,000, but then you know, shackling them to the idea that they're going to have to pay it back. That's one of the clarifications I want to make.
Thanks. You said it better than I could. Okay, perfect. So then after that, let's talk about signups. When are we going to be rolling out?
the sign-ups, how soon can we get the form to people and then also when are the fellows being selected?
Yeah, so we have the application almost ready to go 99% there. So yeah, I think it'll be go out sometime today unless anything happens.
Yeah, I hope that's right, right? All right, cool. I got a hundred from them. So, um, we all look out for that. Well, I think obviously both of us will post it from our Twitter's music, uh, take a look at that. And then for the deadline, um, I just don't want to get my numbers wrong.
We're looking at a deadline of the 21st, which is Sunday. So have about a week and a half between now the deadline.
Perfect. Okay, so we've got roughly about a week and a half leading up to the deadline. We have sign-ups that will be rolled out sometime today and we're going to get as many of these applications and just I mean, honestly everybody needs to be applying for this. You think you're not going to get in.
do it anyways because the the feedback you could get from the application alone, trust me, if you haven't been, if you're not somebody that has put in a ton of these applications for funding or for accelerator programs, this part is gold because trust me, if you've got this idea and you really want
to get it funded and then you start applying a white commentator, you apply the text, you apply to everybody possible and you're just not getting anywhere because you're not getting any feedback from any of the applications that you put in. You're just spinning your wheels. So take this time to focus on looking at this application
and get the feedback you need on whatever idea you're interested in building because that part alone is honestly. I personally think it's probably the greatest value in this partnership right up front with everybody. And then those that are selected are going to become eight to eight.
We have eight total slots is and make sure I'm correct, but we do have a total slots each slot will be given $15,000 as a safe and then from there it includes mentorship and a few other things. Are there any other critical criteria items that I'm missing that the fellows will also be included with?
I think those are the main points. Yeah, I mean, like we'll have the weekly Zoom calls that you could do remotely. So highly encourage everyone join us as many of those as you can. Like I said, you know, each week we'll bring in
And then I'll give a chat and then allow you guys to ask that person direct questions directly. And we will have a demo day at the end of six weeks. And so, yeah, it's pretty, you know, we want to, you know, we do
So we're not writing a huge checks written so we're not trying to kind of like give you guys too much work, but hopefully we're trying to kind of give you guys what we think are very targeted and in specific helpful feedback through mentors. And then the demo day is also like a pretty
a good forcing function to kind of get you to that next level. Awesome. I mean, honestly, this sounds like a very common structure for an accelerator program. There's mentorship involved. There's an initial investment that's
involved and then there's a closing up the end of the six weeks of a demo day. I mean, this is an awesome opportunity. I'm looking very much looking forward to this. Is there any closing comments that Steven, Spencer, Luke, that you guys have for this Twitter space?
I think I'm just really excited to help Steven and Luke and the team review the applications and think he back. So yeah, really excited to read and review. Okay, perfect. Let's go into Q&A if there's anybody that's interested in asking questions. If they have any questions
that they want to ask these three from Press Start Capital. Feel free to request now so you can come up and ask a few questions. Outside of that, I'm going to give it a few seconds for anybody else to chime in. Ryan, Kimster, anybody else wants to chime in with any questions of their own, feel free to.
Perfect. We got Nate connecting right now as soon as he's connected. I'm sure he'll have a question to ask him just a second. Nate, can you hear me, clown clear?
Perfect. Go for it. Awesome. Yeah, so my question is you are looking for individuals, right? But what if we already have a team because I'm working with other members from the developer. And we are currently participating in the tailing. So how does that work?
Teams are okay. Yeah. There's no preference on individual versus team like teams are fine.
Awesome, thanks. Yeah, perfect. I was reviewing the form earlier and it did involve if you had any co-founders or anything like that, add their details as well. So yeah, absolutely, teams are green like, green that for this partnership.
Do you have any other questions or anything like that in relation?
Not really for now.
Okay, perfect. Excellent. I don't see any other questions or anything like that. So I'm going to go ahead and give space. I'm definitely looking forward to this. Developer down members, if you want any more additional details, feel free to reach out to me directly in the Discord channel or even DM me at PeaceGenerTech.
I'll be happy to help relate and answer any questions. I know also Ryan is will be open to taking questions. He'll be helping out with Forbes. He's got a lot of experience with fundraising and everything as well. So if you want some some second set of eyes to look at your application before you submit it, feel free to I'm yeah.
I'll be more than happy to look at those along with Ryan. Let's see. Oh, yeah. And so we'll go ahead and close out this Twitter space. Thank you guys so much from press start capital on answering all these questions. And I mean, honestly, this is going to be amazing. So definitely looking forward to to the rollout of this partnership.
Yeah, likewise, thank you to the developer dial team. Of course, all you members, yeah, I mean, been loving, been loving collaborating, you know, definitely feeling the vibes. So super excited.
All right, well that's it for today's Twitter space. Thank you guys so much for attending. I will see you guys in the Dow. Take care.
Bye guys. Bye everyone.

FAQ on Developer DAO Fellowship Q&A w/Press Start Capital | Twitter Space Recording

What is the goal of the fellowship program offered by Press Start Capital?
The goal of the fellowship program is to help builders get started and ship something by offering support and funding.
What kind of companies and projects does Press Start Capital invest in?
Press Start Capital invests in early-stage web3 entertainment companies, including gaming studios, content studios, and creators.
What led Press Start Capital to create their fund?
Press Start Capital's partners were all former builders and founders who wanted to onboard the next billion users into web3 and crypto through entertainment-related use cases.
What is the current landscape of the web3 industry?
The current landscape of the web3 industry includes a recent dip in trading volumes, but Press Start Capital believes in the long-term potential of the industry.
What is the key to coming out of a bear cycle in the web3 industry?
The key is to have conviction and confidence, control what you can control, focus on building, and spending time with customers.
What does Press Start Capital believe is the true potential of web3?
Press Start Capital believes web3 makes it easy to be value and could potentially flip stock options to another level.
What does DILPA stand for?
DILPA stands for Developer DAO Leadership Program.
What is DILPA's role in the partnership with Press Start Capital?
DILPA is partnering with Press Start Capital to offer their community fellowship opportunities.
What is the basis for Press Start Capital's web3 entertainment thesis?
Press Start Capital's web3 entertainment thesis is based on the idea that entertainment-related use cases have historically brought technologies to the masses.
What is the importance of experimentation and real-world feedback for the web3 industry?
Experimentation and real-world feedback are important for both builders and the industry to grow.