Seattle staretup Stack wins $100K top prize in Madrona Venture Labs Launchable Web3 event

(Madrona Venture Labs image)

Stack, a Seattle startup that aims to make cryptocurrency and modern finance accessible to Gen Z, took home the top prize at Madrona Venture Labs’ recent Launchable event targeting Web3 startups.

Stack receives $100,000 in pre-seed funding from Madrona Venture Labs. The startup studio, associated with the Madrona Venture Group in Seattle, was founded in 2014 and uses its funds to accelerate the early-stage startup process for entrepreneurs.

Launchable attracted hundreds of candidates and eventually featured 18 teams and about 90 people virtually. Most came from Seattle, but there were also participants from Sydney, Seoul, Bogota, Berlin and New York.

“What initially sparked our interest in building a community around Web3 was the quality of talented, ambitious, emerging talent we’ve seen enter the category in recent months,” said MVL Director Mike Fridgen. “This event was designed to bring that talent together and help them take their ideas and businesses to the next level.”

Speakers at the event included Philip Rosedale, founder of Linden Lab, the parent company of Second Life; Ed Fries, Microsoft gaming vet and general partner at 1Up Ventures; Spencer Rascoff, co-founder and president of Pacaso, Recon Food, dot.LA, Supernova; Rahul Sood, CEO and co-founder of Irreverent Labs, creators of the MechaFightClub; Julie Larson-Green, Chief Technology Officer at MagicLeap.

Stack CEO Will Rush. (Stack Photo)

Stack is led by founder and CEO Will Rush. The startup is launching a gamified platform that will allow teens to invest in more than 30 cryptocurrency coins.

“We are a financial literacy platform, so the main goal is to provide primary education about the good, the bad, and everything in between,” Rush told GeekWire last month.

The runner-up in the event was PSi, led by Georgina Denis; and Parallux, led by Gabe Zetter.

Here’s a full list of teams that participated in Launchable:

Archie: Crypto-collateralized credit cards and rewards.Bartrr: Crypto app to buy goods in a gamified ecosystem.Curie: Turning product photos into 3D models in the metaverse.TheACLS: VR cardiovascular life support training.Flocks: DAO discovery and engagement. Lun Labs : Platform that allows users to create videos from existing platforms.Metaloom: Streamlines the process of designing digital apparel items.metastitch: Enabling successful brand experiences in the metaverse.Niftory: Engine for creating custom NFT launches.Parallux: Platform for creating and hosting 3D virtual events.Prestige: NFT-gated IRL events and rewards.PSi: DAO governance via audio.RealTickets: Event tickets broadcast as NFTs.Reclaim: Crypto ad-free browser.Spice AI: Blockchain data- Developer APIs.Stack: Teen crypto investment app.Theia: Decentralized strategy game.Tribe: Decentralized governance platform.

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