💡AngelForge Idea

Investment volumes in Web3 startups exceed tens of billions of US dollars as of summer 2024. Hundreds of projects raise thousands and millions within minutes. However, the blockchain investment market has its drawbacks, including the concentration of control over investments in the hands of startups and many other issues faced by investors, startups, and the Web3 community as a whole.

Investor Problems

• Control Over Investments: Once funds are invested, participants generally do not have the right to influence their further use.

• Unreliable Organizers: There is a significant risk that organizers will disappear with the collected funds after the crowdfunding ends.

• Overestimation of Capabilities: Startups may overestimate their capabilities or underestimate financial costs, leading to an inability to complete their product.

Startup Problems

• Access to Funding: Many startups struggle to secure funding, especially if they cannot provide guarantees of their reliability and competence.

• Project Implementation: Startups often face difficulties in managing finances and resources, which can lead to delays or failures in project execution.

• Investor Trust: Lack of trust from investors can limit startups' ability to attract the necessary funds.

AngelForge is a platform built on smart contracts that allows project participants to control the spending of collected funds using the principles of decentralization and voting.

The platform addresses the main problems of the Web3 market as follows:

• Decentralized Management: Project participants can influence fund distribution through voting, increasing accountability for all parties.

• Staged Funding: Funds are allocated to startups in stages as they achieve predetermined milestones, reducing risks for investors.

• Increased Trust: Transparent management and control mechanisms reduce distrust towards new startups and foster their growth

• Support for Startups: AngelForge provides startups with access to funding, resources, and expert knowledge, helping them successfully implement their projects.