Early Riders, a venture fund that focuses on investing in Bitcoin-related projects, has recently launched The Stables, an accelerator program based in the Texas Hill Country. The goal of this program is to support Bitcoin start-ups from around the world by providing them with funding, mentorship, and access to resources such as Bitcoin developers and operators.
The Stables accelerator program offers 2-5 BTC in funding, a four-week residency, and support for start-ups with market-ready solutions in financial services and technology. Michael Tanguma, the founder of Early Riders and Onramp, a Bitcoin financial services firm, emphasized the importance of investing in consumer-focused solutions that have immediate commercial viability. He highlighted the need for start-ups to address market needs in areas such as multi-institution custody for lending, bit bonds, and real estate debt facilities, particularly in regions like Latin America, the Middle East, and Asia-Pacific.
Tanguma explained that the focus of The Stables is on helping start-ups that make it easier for users to enter the world of Bitcoin securely, including solutions for secure custody, inheritance planning, and seamless fiat-to-BTC conversions. He also mentioned the potential for stablecoins like USDC to play a role in economic activities in a digital world, emphasizing the advantages of using Bitcoin for transactions.
The Stables is currently accepting submissions from start-ups and will select five top candidates for a demo day with Early Riders’ limited partners and advisors. The winning start-up will receive between 2 and 5 BTC, along with a four-week residency in Texas. The program aims to provide a supportive environment for start-ups to focus on their projects, with amenities like childcare and wellness facilities available.
Early Riders’ approach to investing in Bitcoin-driven efficiency is based on the idea of prioritizing sound unit economics over fiat-driven growth. Tanguma highlighted the global nature of the program, with investments in various regions around the world. He encouraged Bitcoin investors and rationalists to get involved and learn more about how they can contribute to the growth of the Bitcoin ecosystem.
With a focus on multi-institution custody and practical solutions for driving Bitcoin adoption, The Stables accelerator program aims to support innovative start-ups in the Bitcoin space. Tanguma’s experience in the industry and commitment to promoting Bitcoin adoption through secure and efficient solutions make The Stables an exciting opportunity for start-ups in the space.