Beam Foundation (@BeamFDN): The marathon continues: Four years of Beam

The marathon continues: Four years of Beam It feels repetitive, but it remains true every single year; what a ride it has been. Every single year we take this day to reflect on our journey so far, and how we’ve matured as an organization. It’s been a grind non-stop, that’s something that never changes but we have realized that this is not a sprint, it’s a marathon. Let’s explore how we’re building for the next decade to come, and what’s coming up next. We’ve come a long way It feels like a lifetime ago when we first introduced ourselves to the world. In a really short timeframe, we established one of the largest treasuries in the industry at that time, allowing us to invest in a large quantity of start-ups and scale-ups over the following years. We also had the liberty to create our own products, and experiment with finding something that sticks. On top of that, we’ve experienced a variety of cycles in the markets. The highs, the lows and back to the highs, we’ve seen it all by this point. The lessons we have learned are invaluable. The giant blackboard of things that simply do not work keeps getting longer, and the list of items that we excel at keeps growing on the other hand too. We know we’re good at getting projects to market. We know we’re good at building brands, and helping people understand a message. We’ve done this before, and will continue to do so in the upcoming years. Instead of focusing on enlarging the Beam brand itself, we have noticed that creating standalone brands can be much more powerful. As fast as this industry moves, we can really conclude that the irony is that rushing often leads to spectacular failures. This is not a sprint The familiar crypto startup story: secure major funding with a groundbreaking concept, spend it rapidly without achieving product-market fit, then close shop when the money runs out.. We’ve seen it happen over and over, and sadly to a variety of our investments too. As we explained before, this pattern has caused us to adjust our investment thesis and rather double-down on success, than to embrace the ‘spray ‘n pray’ method. What it has also taught us is that we simply need to focus on larger catalysts instead of on the smaller scale investments. Whereas some investment may look good in the short term, the lack of plans to sustain on a longer timeframe will eventually catch up. There have been so many projects that lack the ability to generate revenue, causing an endless cycle of having to raise more capital to sustain their operations. Instead, we’re now focused on operations that take much longer to realize. Securing an official license from a country’s financial institution takes a lot of time, but has a large impact. Creating new companies from scratch takes a lot more time than investing in existing companies, but can reap much larger returns in the long run. The sweet spot is bringing that sprinting energy to processes that often last a long time, and that’s where we thrive. The next catalysts Now, what’s next? As we’ve laid out before, we understand what we’re good at and that is building teams, and getting projects to market. Therefore, the next phase for Beam will focus on doing just that. Delivering unique experiences to billions of people across the globe. Sophon It feels like yesterday when the first cryptic messages around Sophon made their entrance into the world of crypto. Throughout the following months, a whole new ecosystem sprung from the ground up, enjoying the support from the Beam Community that embraced it with open arms. Anyone that held BEAM tokens could stake it in the Sophon farm, and eventually Beam would enjoy the rise of the Sophon nodes. Today, Sophon is standing firmly on its own feet with a bold mission to set entertainment free, and bring crypto to consumers. It’s through zkTls technology that they wish to empower applications that service billions of people globally. We’ve believe that an ambitious roadmap, a passionate team and an ever-burning desire will sooner or later help them achieve these goals. Dreamcash The latest addition to the world of Beam is Dreamcash. Once again, we spotted an opportunity and felt like it was time to dive in head-first. Hyperliquid is a decentralized exchange that’s processing billions of dollars in volume every single day, but it’s still very difficult and hard to use for most people. Crypto traders will understand the mechanics, but does retail really do? When we found out about Dreamcash, learned more about the vision and saw the plan mapped out for the upcoming years, we couldn’t be anything but thrilled. When the math checks out, the opportunity presents itself, it’s time to run like the wind. We strongly believe that Dreamcash can service millions of retail traders across the globe, it’s just a matter of time. We are extremely excited to be a part of this vision and help Dreamcash succeed through the network, skills and experience we’ve built along the way. Beam Ventures When we say we’ve matured over the years, we mean it. We started as an online organization and now grew to an ecosystem that includes an official license from the financial regulator in Abu Dhabi. With Beam Ventures, we’ve become the first fully licensed fund of its sort in a country that has shown unprecedented growth throughout the past years. Where we’re currently very occupied with everything that’s involved with raising an ambitious sum of capital, we truly feel like Beam Ventures marks the beginning of a new chapter in our existence. Instead of chasing narratives like other projects and struggling to keep our heads above water, we’re now in business with country officials, globally known institutions and the world’s finest advisors and mentors. Beam Ventures will be responsible for the birth and development of the next generation of frontier technology. Not only through its venture arm, but more importantly so through its accelerator arm. The accelerator A common misconception in the world of venture capital is that merely writing a check does the trick. Raising a bag of money and simply trusting these, often novel, entrepreneurs to return on that investment is a risky practice. Instead, having hands-on involvement from the very first phases of our investments have shown tremendous results over the years. With that in mind, the Beam Ventures accelerator arm is taking shape. In a hybrid format where participants will both work remotely and on the ground in Abu Dhabi, the accelerator program will become the breeding ground for start-ups in the world of compute, AI, DePIN, web3 infrastructure and anything in between. With an evergrowing market and demand in these regions, the need for constructive companies that are smart and edgy will always be there. The next decade After four years together we feel privileged to still have such a strong community to this date. Tons of events across the world where we’ve met one another, online sessions and countless messages, all around one thing that binds us together, BEAM. It has been a memorable ride so far, but we are far from finished. With a next batch of catalysts lined up, we’re ready to keep running for the next years to come. Remember, this is a marathon, not a sprint. Want to learn more about Beam? Twitter: https://twitter.com/BuildOnBeam Twitter: https://twitter.com/BeamFDN Website: http://www.onbeam.com/ Documentation: https://docs.onbeam.com/ Governance forum: https://gov.onbeam.com/ Snapshot: https://vote.onbeam.com/ Telegram announcements: https://t.me/buildonbeam_ann Medium: https://medium.com/@onbeam Disclaimer: This content is provided for informational purposes only, and should not be relied upon as legal, business, investment, financial or tax advice. Nothing contained herein constitutes a solicitation, recommendation, endorsement, or offer to buy or sell any assets referenced herein. We make no warranties of any kind in relation to our content, including but not limited to the enduring accuracy of the information or its appropriateness for a given situation. There can be no assurance that the investments mentioned herein will be profitable. Any use or reliance on the content provided herein is solely at your own risk and discretion