With only days left before the Cofound.it Playoffs, we would like to announce that Cofound.it will be contributing 50 ETH of our own assets to each team’s crowdsale — otherwise known as, “putting our money where our mouth is”.

Supporting our teams during their Seed stage crowdsale should be a clear sign to all of our community members; we fully believe in the validity of these startups. If we don’t support our teams, we can’t expect others to do the same.

We will be contributing 50 ETH after the first hour of Phase 1 of the crowdsale to allow our community members to contribute first.

At Cofound.it, we believe in the projects selected to participate in the Cofound.it Playoffs. They went through our rigorous selection process and were chosen to be part of our Seed program. Having already spent hours working on their businesses with our coaches, these teams are worthy of the support which comes through being members of our Seed program.

Our innovative Cofound.it Seed program is tailored to early stage blockchain startups. Only Priority Pass™ members can participate in the Seed stage, and because these teams are at an earlier stage of development, all Seed supporters will receive a 100-percent bonus on their contributed funds (in ETH) at the time of the Main stage crowdsale. By crowdfunding a smaller round from the most engaged supporters, Cofound.it Seed teams can quickly validate their business idea, raise enough funds to complete the team, and continue work on their product in preparation for a later, Main stage crowdsale.

Besides reinventing the crowdsale concept, which brings back the democratic potential of the crowdsale, the Seed program makes the team stronger in its early phase and raises the probability of delivering a product or executing an idea.