Blockmeet Pune Meetup by Foundership

The #Blockmeet #Pune meetup organized by Foundership - Web3 & AI Accelerator VC took place on 17th June 2023, starting at 4:30 pm. The event aimed to provide insights and discussions on building early in Web3. The meetup began with Almas S. giving a comprehensive overview of Blockmeet and Foundership. Almas also highlighted various initiatives undertaken by the organization, including Community, 0xCamp, LaunchCamp, Coach DAO, and Funding.

Panel Speakers:

Following the introduction, a panel discussion took place featuring notable speakers from the industry. The panel comprised of the following experts:

1. Paul Nelson - Chief of RariKo

2. Vishnu Korde - Chief of StackOS

3. Sarvesh Deokar D - Blockchain and gaming expert from Tiltedxyz

4. Ashwin Yardi - Chief of AuroBlocks

5. Nakul R. - Urban Nomads

Partners:

The meetup was supported by esteemed partners, Rariko, PuneDAO and Urban Nomads.

Attendees:

A total of 14 attendees, apart from the speakers, participated in the Blockmeet meetup. Notable attendees included two buidlers, Janesh Balchandani Bhalchandani (Devrel at Reef) and Pratik Katariya (BD at Reef) from Jaipur. Janesh shared his experience in building a Hackathon with Plynth, which received an enormous response. He discussed key performance indicators (KPIs) such as 8 projects built on platforms like Polygon, Spheron, Binance, Biconomy, Shardeum, among others.

Also had Raj Bhanawat CA who is keen on transitioning to Web3 and value added to those conversations.

Nilesh Jadhav who came all the way from Mumbai to meet Pune folks and to share his work at ReneVerse.io that he is doing.

We did had 2 ladies who did make to the meetups were Aishwarya Turekar who is a Fashion student & wish to host events like PuneDAO & Jyoti Mondal who is an UI/UX & look forward to learn programming & #web3 .

Also buidlers like Kashyap Mavani Shashank Singh Thakur Vishwajeet Londhe shared their perceptions and how does the transition from Web2 - Web2.5 -Web3.0 looks like.

Discussion Topics:

The meetup revolved around the following subtopics related to building early in Web3:

1. First-mover advantage

Vishnu was of the thought process that everything has to be the mindset the founder or the builder approaches. Shared his experience while building Stack OS and how to survive all kinds of markets to the aspiring builders & developers present at the meetup.

Sarvesh highlighted his experience in Gaming , Gaming events & how should one approach by build the legacy & trust in the ecosystem . Also shared his building experience with Varasity and the challenges and how he did overcame with his grit & determination.

Nelson shared his experience building with Tezos and the market conditions back then and excited to launch his venture with Rariko and have some great plans buzzing.

Also shilled us sone AI autonomous agents that they are secretly researching & building on

2. Advantages and disadvantages of building early

While all speakers agreed to building or being there at the right , place , right time , right market conditions and building in bear market and preparing for the bull run . Also how to manage the runway or survive through bare minimum.

As per by Almas she did highlight one disadvantage when there is no market for the product it takes a lot to build the right conducive ecosystem, as well as educate the users or the niche market , requires lot of efforts and resources , by the time your team and startup gets streamlined to operations there might be so called competitors who takes advantage of the groundwork you as a product owner have done and offcourse

One man's failures are other man's gold

and get a head start early on with the Roadmap.

3. Strategies to scale up

All panel speakers stressed on community building and stay away from botted & shilling form of marketing. Its okay to have only 10 actual early adopters using the product rather than the huge number of following with no traction at all.

Highlighted how Foundership is taking steps to bridge the gap for the buidlers and the developers and urge them to take this advantage.

4. Adapting to changes in regulations

As a founder or owner of the product have to weigh pros and cons on where to Head quartered or to operate on . Everybody did stressed on remote working however own the work rather than just punching in time. Focus on providing the value add and have the work-life balance.

5. Collaboration and ecosystem growth

Web3 is global & borderless the same applies to products, business , relations we cultivate as a part of this process. Collaboration is the only answer out to evade the complexities that every community or partner that brings in and fosters a mutual growth and ecosystem to grow.

Attendees actively participated by raising questions and engaging in discussions. @Apporva Vyas & @Rehan Qazi had an interesting question about working remotely and whether there is a first-mover advantage in moving to specific locations.

Rohaan Khan also shared his experience building FANTA Labs and how exactly he scaled through. He was kind enough to share his marketing insights and know how with us.

Amit Kumar?? did shared his plans with respect to Pune as ususal he is also a super connector and always have some or the other thing to add on community building.

Also several other questions were addressed during the meetup.

Sequoia Capital Split:

During the event, it was announced that Sequoia Capital, a renowned venture capital firm, had split into three separate entities. These entities are as follows:

1. Sequoia Capital: This firm represents the U.S. and Europe regions and continues to focus on investments in technology companies in these areas.
2. HongShan: This entity operates in China and specializes in funding and supporting Chinese technology startups.
3. Peak XV Partners: Operating in India and Southeast Asia, Peak XV Partners focuses on investments and partnerships with early-stage technology ventures in these regions.

Conclusion:

The meetup concluded with a vote of thanks to the all the speakers ,partners & Santosh Panda Panda & his team at Foundership , followed by an enjoyable time where attendees indulged in pizzas from the Vovage . Nelson & the Rariko team sponsored for food & brought some lipsmacking donuts for the meetup. The event ended on a sweet note, with participants continuing their conversations and expressing their eagerness to meet again.

All thanks to Praneeth Shetty who is a budding buidler/developer for always being the strong supporter for PuneDAO events.

Overall, the Blockmeet meetup by Foundership on "Building Early in Web3" successfully brought together industry experts and enthusiasts, fostering knowledge exchange and networking opportunities.

Additionally, it was highlighted by Nelson about Rariko's pre-launch party to be hosted in #bangalore by the coming week/month end before beginning his next endeavour at Dubai.

We wish Nelson and his team at Rariko all the best & WAGMI ??????

PS: Ravikant Agrawal & Pratik Oswal you both were totally missed on this meetup. Hope next time we can have you onboard with us.

Do catch some of the glimpses here

Till the next meetup !!!