{"id":332033,"date":"2023-06-07T16:08:01","date_gmt":"2023-06-07T15:08:01","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=332033"},"modified":"2023-08-04T15:21:55","modified_gmt":"2023-08-04T14:21:55","slug":"sora-ventures-leads-1-5m-funding-round-for-bitcoin-startup-lab","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/sora-ventures-leads-1-5m-funding-round-for-bitcoin-startup-lab\/","title":{"rendered":"Sora Ventures leads $1.5M funding round for Bitcoin Startup Lab"},"content":{"rendered":"

San Francisco-based BTC pre-accelerator firm Bitcoin Startup Lab has raised $1.5 million in a strategic funding round led by Sora Ventures<\/a>. This puts the firm's valuation at $20 million.<\/p>\n

Bitcoin Startup Lab<\/h2>\n

Bitcoin Startup Lab aims to advance Web3 development on the Bitcoin network by supporting entrepreneurs in building their projects.<\/p>\n

Through its startup boot camp program, budding innovators attend a two-part training program<\/a> going through concepts such as idea validation and business model development.<\/p>\n

Achieving part one milestone will advance applicants to the next stage, which includes tackling areas including tokenomics design, building a social media presence, and applying for grants and fundraising.<\/p>\n

The website<\/a> encourages people with the grit to advance Bitcoin's Web3 future to apply, reading:<\/p>\n

“If you believe you have the courage, intelligence, and determination, then keep reading to learn about the benefits you'll gain from becoming part of our community and completing our startup program.”<\/p><\/blockquote>\n

Web3 on Bitcoin<\/h2>\n

With developer Casey Rodarmor<\/a> rolling out the Ordinals protocol in January, Bitcoin has become a chain capable of more than just monetary transactions.<\/p>\n

Since then, a wave of developments has opened up innovations that include NFTs, and BRC-20 tokens, with plans to bring staking functionality via the BRC-30 standard<\/a>.<\/p>\n

Although the changes have sparked division within the community, Bitcoin Startup Lab envisions a sustainable BTC-based economy via these innovations.<\/p>\n

The Managing Director and Co-founder of Sora Ventures, Jason Fang, lent his support to the innovators, saying people should not discount the impact of Bitcoin Web3. He said:<\/p>\n

“There is no doubt that this is the beginning of something big, and the team at Bitcoin Startup Lab is in a position to build some of the finest companies in this space. This is a rocket ship that we cannot miss!”<\/p><\/blockquote>\n

Bitcoin Startup Lab told CryptoSlate that its boot camp program “offers a no-nonsense curriculum that empowers founders to develop skills in applying Bitcoin tech and market advantages.”<\/p>\n

In addition, the program also offers mentorship, and co-founder matching, which includes testing to determine team fit.<\/p>\n

Applications to join the boot camp are now open<\/a>.<\/p>\n

Disclaimer:\u00a0<\/i>Sora<\/i><\/span>\u00a0Ventures is an investor in CryptoSlate.<\/i><\/p>\n","protected":false},"excerpt":{"rendered":"

San Francisco-based BTC pre-accelerator firm Bitcoin Startup Lab has raised $1.5 million in a strategic funding round led by Sora Ventures. This puts the firm’s valuation at $20 million. Bitcoin Startup Lab Bitcoin Startup Lab aims to advance Web3 development on the Bitcoin network by supporting entrepreneurs in building their projects. Through its startup boot […]<\/p>\n","protected":false},"author":460,"featured_media":332061,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[35372,78756],"tags":[],"post_folder":[],"acf":[],"yoast_head":"\nSora Ventures leads $1.5M funding round for Bitcoin Startup Lab<\/title>\n<meta name=\"description\" content=\"Pre-accelerator firm Bitcoin Startup Lab is looking for innovators to develop the Bitcoin Web3 economy.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptoslate.com\/sora-ventures-leads-1-5m-funding-round-for-bitcoin-startup-lab\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sora Ventures leads $1.5M funding round for Bitcoin Startup Lab\" \/>\n<meta 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