To illustrate this model at work, let’s take one example: The Stacks Accelerator. The program was started just over 2 years ago
and has since grown into the Bitcoin Frontier Fund
. In the beginning, the Stacks Foundation was integral to the launch and our team spent significant time helping the accelerator team build up programming and the initial cohort. Since then, however, the accelerator team has been able to bring on new partners, new funding, and new teammates. Those successes have enabled the accelerator team to continually add to the ways they support founders and they now lead the ecosystem strategy when it comes to attracting and retaining builders.
As their organization matured in its quest to serve builders, it’s also had a positive effect on the team at the Stacks Foundation, allowing us to defer to their leadership in these founder-forward areas while continuing to prioritize more nascent efforts (sBTC being a great example). Working in an open and decentralized ecosystem means nurturing and paying close attention to your colleagues and being open to adjusting the way you work as circumstances evolve. The example above again illustrates how we generally view our role: To kickstart critical functions before transitioning to a mode of empowering others to lead.
Most often, we do this by supporting them with a consistent stream of resources, guidance, community visibility and amplification, connections, and more.