The journey of outreach and becoming a multi-planet species has always attracted an eclectic mix of pioneers. From Elon Musk to Jeff Bezos, a new wave of pioneers and entrepreneurs are beginning to solve the problem of crossing the planetary border, working with well-established government agencies, as the space itself becomes the next frontline of private-public innovation.
One of the pioneers involved in private space financing is Adeo Ressi. He is known to be a close friend of Elon Musk, a group that takes Elon’s desire to start SapaceX and who has been thinking about sending plants or rodents to Mars with Jim Cantrell to shoot.
Adeo is the founder of the Founding Institute, an initiative aimed at uncovering entrepreneurs regardless of their background. Operating worldwide, this initiative deals with a variety of thriving technology industries.
The Founding Institute helps founders focus on the problem they are working on with a 3 and a half month accelerator program. The program is progressing globally and aims to develop startup ecosystems wherever they go. As part of this mission, the Founding Institute also runs the VC Lab, an incubator for general partners who want to create their initial funds. There are two space funds, Seldor Capital and e2mc, while there is also a VC fund, the crypto-specific BitBull Capital.
Bitcoin’s future gives hope when looking at the current global situation
Adeo is witnessing the growing intersection between cryptocurrency and sapce, with two communities sharing the proximity of risk and innovation.
Several Founding Institute graduates financed the launch of deep technology (deeptech) and cutting-edge startups with personal income from cryptocurrencies.
Adeo stated that it is difficult to underestimate the rapid growth of emerging technologies and especially crypto money has discovered new price levels and new value proposals, and that the future of Bitcoin looks more promising day by day, given the global situation in terms of economy, inflation and instability.
At the same time, the entrepreneur underlined that the ongoing crypto success story is encouraging investors to diversify into other emerging technologies and markets, including space.
The crypto industry invests in space
The Founding Institute offers a program called Star Fellows that helps channel this energy and funding into space. This program started about 2 years ago, when Adeo realized that there was not as much innovation in space as other industries. Space was an “undiscovered” region, especially for the seed stage or earlier stage ventures. Now about two dozen space initiatives have been implemented by the Star Fellows program, and about half of the initiatives have been established outside the United States.
Ceres Robotics is an example of a company that has experimented with this program that aims to create robots for future survival on planets like Mars. While other Founding Institute companies produce comfortable space suits for travel, some are considering building vehicles for space. Atomos Space received 💲2 million from DoD and NASA for shipping using last mile orbital transfer vehicles. Mountain Aerospace Research Solutions is reimagining rockets. XArcis considering building architecture for different planets and the Moon.
These are all basic high-tech problems combining hardware and software with cutting edge technology. The way the Founding Institute opens a window for such initiatives is to provide direct funding for them, while another way is to open the window of possibility for early stage founders towards the stars, wherever or whoever they are.
Adeo believes he wouldn’t be surprised if there were Series A funds with 20-25 seeds devoted to space over five years, and perhaps the next 5-10 stage funds; this shows the explosive rise in interst and finance in space.
Since space is an undiscovered territory, it is of paramount importance to suspend insecurity and keep things somehow tied to the reality of funding. In this context, it is necessary to embrace the fact that the crypto industry is also about helping humanity rise on the abyss of the multiplanet civilization and do something completely new.
The fact that those who earn from cryptocurrency invest in space exploration is another element of the dynamic impact of Bitcoin and cryptocurrencies on the world.