AIP-382: Ape Builder House

ABSTRACT

Brinc is a global venture accelerator having invested in over 250 startups over the last 8 years with founders from more than 35 countries. Brinc is also a portfolio company of Animoca Brands. Brinc has a track record of 64 Web3 startups with a total of 10.5M USD investment deployed. From our Web3 investments, average post program funding equals 2.4M USD within 12 months for teams that have successfully raised. Based on our deep Web3 experience we propose launching the “Ape Builder House” to promote the use of ApeCoin integration into new and existing businesses. Unlike other events which give teams a maximum of 2-3 days of support, we propose a prize pool including $APE grants paired with acceptance to Brinc’s world class Web3 Accelerator providing additional education, mentorship and funding opportunities for winners.

Brinc Web-3 Portfolio Key Stats (Last updated in Q3 2023)

• Total Companies in web3: 63
• Alive: 94%
• Dead: 6%
• Raised Post Program: USD $12.3M
• Year Invested - Relatively new portfolio for Brinc
• 2023: 41%
• 2022: 56%
• <2021: 3%
• Funding Stage
• Series A: 3%
• Pre-Series A: 14%
• Seed: 49%
• Pre-Seed: 34%
• Product Stage
• Pre-Launch: 13%
• Pilot / POC: 41%
• Product Launched: 46%
• Generating Revenue?
• Yes: 37%
• No: 63%

BENEFIT TO APECOIN ECOSYSTEM

The ApeCoin Builder House’s motivation is to provide the knowledge, resources, and mentorship for existing and new projects to integrate ApeCoin in a sustainable business. This combined with IRL events at two of the biggest Web3 conferences globally will build ecosystem awareness and utility for $APE. Our aim is for $APE to become a cornerstone fostering a growing entrepreneurial ecosystem unlocked through Brinc’s hands on support.

The Builder House will provide an opportunity for new and existing $APE holders, startups, and individual creators to launch a new idea or add to an existing business with the use of $APE. We understand that a startup journey extends far beyond a builder house which is why we will also offer winners an opportunity to join Brinc’s accelerator programs to drive long-term growth and value for the community. Over the past 9 years Brinc has hosted IRL events with thousands of attendees and helped hundreds of startups secure investment to scale.

How we support APE’s Mission and Guiding Values:

• Help $APE members with the business tools, knowledge and mentorship to bring their idea to life
• Support existing Web2 and Web3 businesses on how to integrate $APE
• Build awareness for $APE with IRL events at the biggest Web3 conferences
• Increase uses cases & utility for $APE
• Ultimately drive the value and utility of $APE
• Increase ApeCoin Holders
• Access to education, mentorship and investment opportunities for top projects post-builder house to drive long-term value and growth
• Follow-on co-investment opportunities for ApeCoin DAO to double down on
Builder house winners

OVERALL COST

Our recommendation is to move forward with an 12 month engagement, during which we will support and launch two Builder House events with ongoing support for winners to join Brinc’s Web3 Accelerator Program. This engagement can be renewed upon completion to run an additional two builder houses. From our experience, the 12 month engagement will give us enough time to validate the value of the engagement and quantify impact to ApeCoin DAO before extending or amending the agreement.

Builder House Setup Budget: USD $50,000 equivalent in $APE (Approximately 35,714 APE) (one time fee)

Phase 1 - Marketing Callout and Application Management Budget: USD $200,000 equivalent in $APE (Approximately 142,858 APE) (annual budget for two events)

Phase 2 - Builder House execution Budget: USD $250,000 equivalent in $APE (Approximately 178,572 APE) (annual budget for two events)

Phase 3 - Top 5 Winners per event join Brinc & Animoca Brands Web3 Accelerator (USD 350,000 Total - USD $35,000 per team) (Approximately 250,000 APE)

Builder House Prizes: 200,000 APE (2 events)

Overall Budget for two Builder Houses and Accelerator Integration: USD $850,000 equivalent in $APE (exchange date to APE based on daily average on the date of proposal approval) + 200,000 APE in Prizes

PROPOSAL

Link to the full proposal: https://forum.apecoin.com/t/aip-382-ape-builder-house/20182

The AIP implementation is administered by the Ape Foundation. Implementation may be immaterially or materially altered to optimise for security, usability, to protect APE holders, and otherwise to effect the intent of the AIP. Any material deviations from an AIP, as initially approved, will be disclosed to the APE holder community.