Announcing the FTX Superteam

Early-stage network to back 🇮🇳 crypto projects. Get up to $1M & all hands on deck to launch from FTX Ventures and Superteam.

Dear Superteam community,

Superteam started as a podcast to talk about the crypto, web3 and the emerging financial internet. Around 6 months ago, we started building out a community of the best developers, designers, operators, creatives, lawyers and other professionals actively building in web3. The community has worked with ~50 projects in the Solana ecosystem, generated over $250,000 in aggregate community GDP and built a 150 members strong network of operators.

The core team has jumpstarted Solana’s developer ecosystem in India, helped our partners engage interns, attract contributors and hire full time team-members, produced twitter-grade (sequel to tv-grade btw) advertisements, deployed grants and bounties, and much more.

It is time for us to take our learnings and turn this into a more serious thing so we can meaningfully support our founder-members.

Introducing FTX Superteam. 

“It takes a village to raise a child, and a community to launch a product.”

We’re partnering with FTX Ventures to launch the FTX Superteam – a private network of promising web3 startups that we can help with capital and community.

This is not an accelerator – we’re resident problem solvers who angel invest in your first round and help you get to market. Time moves fast in tech, and even faster in crypto — that’s why we’re razor focussed on saving you time. You should do what you do best, and we’ll do the rest. We will start with a focus on projects built on the Solana blockchain.

FTX Ventures along with Superteam’s core contributors, Akshay BD and Tanmay Bhat and angel investor and entrepreneur Balaji Srinivasan will invest upto a total of $1M into your first external fundraise. The operational team, currently consisting of Neil Shroff and Pratik Dholani, as well as Aravind Menon (India Head, FTX) will be involved in helping you do whatever is needed to get you to the next stage.

Here are a few areas we’ll help you with:

• Legal: Lawyers who can help you with where and how to incorporate your company and/or set up your foundation, manage tax liability, regulatory risk, and easy token issuance over the long term; issuing SAFT or SAFEs with Token Warrants; and finding partners to help projects manage these.

• Security: Implementing the best practices in your domain; setting up periodic code audits, bug bounties, and constantly monitoring for vulnerabilities.

• Marketing: What content and strategy do you need to go to the next step? Apart from access to Superteam’s core contributors Tanmay and Devaiah, we’re also building out a media wing which all projects can work with.

• An India Focus: For now, we’re focussed on working with projects which are built out of India or built for India. Superteam will help bootstrap your early community, with bounties, ecosystem grants, beta testing, etc.

• Talent: Dip into Superteam’s high-signal liquid talent pool, and work with our Talent and Recruiting wing to find interns, contributors and full time team members. 

• Mentors’ Network: Access to an internal platform allowing you to connect and book time with domain experts across fields, insights from whom will help you course correct whenever required, and whom you can then form deeper working relationships with.

• Tokenomics: A fair launch where your community wins with you is now table stakes in crypto, we’ll help you with token distribution, generate demand from the right audience and utility, and set up supply i.e. deflation, staking, emissions schedules, etc., to make it happen.

You might need help with a few or all of these to launch. These are just the known unknowns — we also hope to be your partners for all the unknown unknowns you discover along the way.

We’re learning, just as you are. If you want to join the network, you’re welcome to apply (applications will be accepted on a rolling basis). We read every application and will generally get to decision and scoping within a week.

Love,
FTX & Superteam