Over the past few years, we’ve seen the capital formation process swing like a pendulum.
In the 2017 era, ICO crowdfunding was the norm. This allowed community members to participate from day 0, but was characterized by pump and dumps without any actual products.
In more recent times, we’ve seen venture sponsored high FDV + low float offerings. This has produced incredible innovation (funded by VCs in private rounds), but has left retail buying the top and holding the bag.
It is clear we need a fairer capital formation process. One where VCs and early community members can both participate in the financial upside of a successful project.
Capx is building the infrastructure to make the secondary markets of crypto more efficient and accessible. This ultimately will open up opportunities for value-adding community members to get involved at the earliest stages with projects they believe in.
Capx already has multiple products, including a tool for vesting tokens and an exchange for those tokens. But we’re most excited by one very specific new offering that Capx is releasing: Community Bonds.
This new offering will enable founders to raise capital directly from their early and engaged community members in a fair and democratic manner. The capital is then locked for a period of time, during which the community members earn an APY in the native token . This would ultimately empower the Community members to invest in early stage projects on the same terms as professional venture capitalists. Founders also benefit by getting long-term aligned community members onto their cap table in a frictionless way.
We believe in the power of new crypto-enabled tools to make starting and investing in new businesses easier. As Capx prepares to launch on Solana, we’re thrilled to announce a Community Advisory Board with Capx to help supercharge their growth through our community.
Capx Community Advisory Board
Community Advisory Boards are groups of 3-6 Superteam Members who are committed to helping a partner project launch and grow. With Capx, the Community Advisory Board will have two primary objectives:
Generate creative ideas to engage with communities in the Web3 ecosystem.
Help Capx team to present their offering of making the secondary markets more accessible - to more founders and builders alike.
Members of the Community Advisory Board will be responsible for:
Attending weekly Office Hours meetings with the Capx team for 3 months.
Proactively providing go-to-market and business development ideas.
Giving product and marketing campaign feedback.
Evangelizing Capx and creating partnerships with Web3 communities, accelerators, and founders.
Managing any Capx Bounties or Missions through Superteam DAO.
Each Community Advisory Board Member will receive compensation for the duration of the program. We’re thrilled to announce today the genesis Members of the board:
Saumya Saxena - Board Chairman
Abbas Shaihk - Go-to-market
Paarug Sethi - Community growth
Shashank Yalamanchi - Technical architecture
Sid Rao - Rust development
We hope this program accelerates the adoption of fairer and more transparent methods of capital formation. We believe in the power of communities, and we can’t wait to see what our communities build together.
Onwards and upwards 🚀