In the world of entrepreneurship, startups face immense challenges, with failure rates as high as 90% within the first three years. Blockchain startups, despite their disruptive potential, are no exception. Alexander Ball, Co-founder and Global Programme Director of Block Dojo, recently shared critical insights during Block Dojo’s Manila launch, highlighting why startups fail and how Block Dojo’s incubator program aims to reverse these odds.
Top Reasons Blockchain Startups Fail
According to CB Insights, startups fail for over 400 reasons, but Ball emphasized the top three:
- Funding Shortages – Inability to secure investments or sustain cash flow.
- Lack of Market Need – Building solutions without genuine demand.
- Stronger Competitors – Losing out to clearer, more compelling offerings.
These challenges are exacerbated in blockchain due to technical complexity, regulatory hurdles, and misconceptions about scalability.
How Block Dojo Empowers Blockchain Entrepreneurs
1. Structured Incubation for BSV Blockchain Startups
Block Dojo is a 12-week in-person incubator designed to:
- Provide workshops on Bitcoin branding, tokenomics, and go-to-market strategies.
- Offer 1:1 mentorship from industry veterans.
- Host investor showcases for funding opportunities.
👉 Discover Block Dojo’s incubation program
2. Building Human Connections
Beyond curriculum, Block Dojo fosters a tight-knit community where founders celebrate milestones together, creating long-term support networks.
3. Global Expansion: Asia’s Blockchain Hub
After success in the UK, Block Dojo is expanding to the Philippines, aiming to establish Asia’s premier blockchain innovation hub.
Key Takeaways for Aspiring Founders
- Validate market demand early – Avoid building in isolation.
- Leverage mentorship – Learn from those who’ve navigated pitfalls.
- Join ecosystems like Block Dojo – Access resources, investors, and peer support.
👉 Start your blockchain journey today
FAQs
Q: Who is Block Dojo for?
A: Entrepreneurs building on the BSV blockchain, seeking mentorship, funding, and scalability solutions.
Q: Does Block Dojo provide funding?
A: Yes, top-performing startups pitch to investors at the program’s finale.
Q: How does Block Dojo differ from other incubators?
A: It combines technical blockchain training with real-world business development, plus a strong alumni network.
Block Dojo is redefining startup success by addressing systemic gaps in funding, education, and community. For blockchain founders, it’s a proven pathway to resilience and growth.