We’re currently accepting applications for the inaugural cohort of Creci x GPC Accelerator

Yes. We have a standard deal for all our companies. We invest $250,000 on 2 different SAFEs, structured as follows:

• An upfront $100,000 SAFE for 7% equity using a YC-style SAFE with a valuation cap and no discount.

• An additional $150,000 SAFE contributed to your next round, as a dollar-for-dollar match at a $5M post money or higher aligning incentives for long-term success.

As part of our standard deal, we also enter into agreements with the company and founders setting out guidelines and rights, including what happens if the value accrues to a token, a participation right to invest in the company’s future financing rounds (also known as a pro-rata right), investing in crypto provisions, etc.

The startups also get a reserved spot at the Aleph Hub, LATAM’s new, premier crypto hangout and co-working space. The Aleph Hub has state-of-the-art co-working, social & programming space, and access to 300+ startups & mentors building in Argentina.

We want our incentives to align with our founders and the key stakeholders of the project. If value accrues to a token, then our terms move to the insider supply of the allocation alongside the founders and their early investors.

If you’re an ambitious crypto founder, with a bias towards action and execution we want you to apply to the Creci x GPC Accelerator. We back companies that have already gotten funding, to companies that are at the earliest stages. We are vertical agnostic and recommend applying when you have a founding team and an idea you’re excited about.

This application is open to founders based anywhere in the world. We introduce founders to lawyers who can work out the best process for creating a company (or parent company) in a jurisdiction for their business.

The hybrid program has 4 IRL weeks at Aleph Hub in Buenos Aires, which will be a great opportunity to build deeper relationships with other founders, mentors, venture partners, local political experts in the crypto economic zone regulations, and potential investors.

Application Deadline: The applications are open till December 20, 2024. (If you apply before December 5, we’ll fast-track your application review and invite you for an IRL interview at  Pop Up City @Aleph de Verano at the Aleph Hub in Buenos Aires, and you will get an early decision on your application).

Final decision: You will hear back from us by December 31, 2024.

Cohort Dates: The cohort starts on January 13, 2025 and concludes in the first week of April 2025.

Our selection process begins by the Investment Committee reviewing your application.

If you’re selected for an interview, we’ll ask you and your entire founding team to meet us virtually or IRL to get to know you and go a little deeper into what you’re building. After we’ve had a chance to meet, the IC regroups where we compare notes, make a final decision, and communicate that decision to you.

Nope. While we can’t and don’t provide you legal advice, we do have an incredible network that can help you find legal counsel to help you incorporate. We mainly invest in US Corps. Delaware C Corp is the standard and we’ll need you to start your incorporation process if you’re accepted to the cohort. Just keep in mind we’re investing in your company, so you’ll need to have that complete before we can invest.

Building a company is a full-time endeavor and we expect the founders we back to commit to working full-time on their company if accepted into the cohort.

Essentially we’re taking one year of company building and compressing it into 3 months. You’ll be surrounded by other founders who are all working just as intensely to build their company, and everyone in our network - us, our mentors and industry leaders are all highly motivated to help you succeed. Many founders tell us their three months with us is some of the most productive and focused time of their lives and many of our founders have continued using some of the accountability structures we put in place, long after the program.

Weekly programming is 5-8 hours/week, including group sessions, lectures, 1-on-1 ofc hours, etc. The rest of the time you’re working on building your company. We have 4 weeks of IRL component, where we expect the founders to be in Buenos Aires to attend IRL ofc hours, expert sessions, founder dinners and other IRL programming components.

Building a company is a full-time endeavor and we expect the founders we back to commit to working full-time on their company if accepted into the cohort.

• Clear articulation of the problem or core needs of a clear set of users and customers. The best founders we’ve met can clearly articulate their product because they’ve spend a ton of time on the problem, the market and/or the customer.

• Clear evidence that you’re the right team/founder to build this. What do you know about the market or the customer that others don’t? Do you have a history of success or a life story that show grit and perseverance and pushing through to results? Why are you the right founder or team to build this?

• A track record of bringing things into the world. The world is full of people with great ideas but short on execution. We look for people who can ship and create things, big and small. The act of creation takes effort, sacrifice, perseverance… all traits we see in ourselves and look for in world-changing founders. Be sure to go through our tips to make your application stand out, before filling out the application form.