Cointime

Download App
iOS & Android

Buildspace raises $10M led by a16z to build Hogwarts for builders and dreamers

Cointime Official

Yo! What’s up everyone — Farza here.

As you can tell by the headline, we’re up to some crazy shit as usual lol.

I’ll be honest, it’s pretty wild to get to this point.

I started this company in December 2019 doing something completely different. Originally, it was called “ZipHomeschool” where I was building software to help parents homeschool their kids.

To start the company, I raised $25,000 from Furqan.

It took a lot of people to get to this point. But, let me be real — without Furqan, none of this would have even started. He believed in me back when I barely believed in myself.

After all, it just takes one person to believe you can do it.

It’s been a fkin journey but nearly 3-years, 10 pivots and many highs and lows later, here we are.

Buildspace has become extremely prolific — 10,000s have built in public, 1000s have attended our IRL initiatives, some have started multi-million $ agencies, found co-founders, and even gotten funded for their own startups.

So, what’s new?

TL;DR

We’re profitable off of our sponsorship model.

We continue to be 100% free for users + globally accessible to all.

We’ve had over 125,000 users build with us. A majority of the founders and developers in web3 today got their start at buildspace.

We’re expanding to other domains that will need an influx of really talented builders — starting with ML/AI.

We’re building out a few IRL hubs around the world our alumni can build from — with the first one opening in SF on March 1st, 2023. We plan to expand to different parts of the world so no matter what visa or passport you hold, you’ll be able to build from one of our hubs.

The $10M raise.

I want to thank everyone who participated in this round. $10m is a lot of fucking money. We’re going to put it to good use and build something really big.

Here are all our fantastic partners:

a16z — Connie Chan + Anne Lee Skates

Founders Inc — Furqan Rydhan and Hubert Thieblot

Weekend Fund — Ryan Hoover + Vedika Jain

Y-Combinator

Vayner Fund — Gary Vaynerchuk

Kun Gao — co-founder @ Crunchyroll

Kevin Lin — co-founder @ Twitch

Patrick Lee — co-founder @ Rotten Tomatoes

Holly Liu — co-founder @ Kabam

Amjad Masad — co-founder @ Replit

Dave Nemetz — co-founder @ Bleacher Report

Sieva Kozinsky — co-founder @ Enduring

Balaji Srinivasan — former CTO-Coinbase

Dan Sommer and David Berger — co-founders @ Trilogy Edu

Paul and Chris — co-founders @ CopyAI

John Andrew — founder @ Wander

Dunce Capital — John Danner

Melo7 — Carmelo Anthony

MastryVC — Andre Iguodala

Earl Grey Capital

ShrugVC

Tobenna Arodiogbu — co-founder @ CloudTrucks

David and Abhishek — co-founders @ BetterBrain

Nicolas Chinot — anime partner

Cat Wu — early employee @ Scale

Jason Hitchcock — ex-growth @ Bebo, GP @ 4 Moons

Nu Dao — founder @ Allies

Protocol Labs

OrangeDAO

DreamerVC

We3

Ben Levy — co-founder @ Milk Road

Charlie Holtz — co-founder @ ShlinkedIn

Nick Ducoff — co-founder @ Edmit

Sherwin Gandhi — co-founder @ Jeeves

Romain Huet — ex-Head of Dev Rel @ Stripe

Qasim Munye — co-founder @ ShortlyAI

Solana Ventures

Open Sea Ventures

Alchemy Ventures

Samarth Jajoo — our first intern

Let’s build.(BY Farza Majeed)

Comments

All Comments

Recommended for you

  • Trump Shares Op-Ed Claiming He is Winning the War Against Iran

    On August 29, U.S. President Trump shared a commentary article from the New York Post on Truth Social on Saturday, which stated that he is winning the war against Iran and should maintain the current strategy. The title of the article Trump shared read: 'Trump is Winning the War Against Iran - Stay the Course.'

  • Morgan Stanley: 2028 as a Key Observation Point for Global Memory Competition Landscape

    On August 29, Morgan Stanley pointed out that the rise of Chinese memory manufacturers should not be viewed merely as a technological catch-up or low-cost substitution; what is truly noteworthy is that their production capacity may gradually become large enough to alter the supply structure of the global memory market. Changxin Technology and Yangtze Memory Technologies are currently entering the mainstream product market and gradually extending into high-profit markets such as HBM, high-end server DRAM, and enterprise SSDs. Morgan Stanley considers 2028 as an important observation point for the global memory competition landscape. From 2026 to 2027, demand for AI servers, capacity crowding of advanced wafers by HBM, import substitution, and the time required for customer certification may absorb most of the new supply from Chinese memory manufacturers. By 2028, as Chinese manufacturers expand production, the additional capacity from Samsung, SK Hynix, and Micron, which had previously initiated expansions, will also be released. At that time, the supply variables in the global memory market will significantly increase. Morgan Stanley estimates that Changxin's DRAM monthly production capacity will rise from 180,000 wafers in 2025 to 300,000 in 2026, accounting for approximately 13% of global DRAM wafer capacity and about 11% of bit shipments; by 2028, it is expected to further increase to 500,000 wafers, and by 2031, it could reach 800,000 wafers. If the expansion proceeds smoothly, Changxin's global DRAM bit shipment market share could approach 15% by 2030, and it may even have the opportunity to surpass Micron in production capacity around 2028, becoming the third-largest DRAM supplier in the world.

  • US Spot Ethereum ETF Sees Net Inflow of $102.17 Million Yesterday

    On August 29, according to monitoring by Trader T, the US spot Ethereum ETF recorded a net inflow of $102.17 million yesterday.

  • US Spot Ethereum ETF Sees Net Inflow of $102.17 Million

    On August 29, according to monitoring by Trader T, the US spot Ethereum ETF experienced a net inflow of $102.17 million yesterday.

  • US Spot Bitcoin ETF Sees Net Outflow of $201.81 Million

    On August 29, according to monitoring by Trader T, the US spot Bitcoin ETF experienced a net outflow of $201.81 million yesterday.

  • US Spot Bitcoin ETF Sees Net Outflow of $201.81 Million Yesterday

    On August 29, according to monitoring by Trader T, the US spot Bitcoin ETF experienced a net outflow of $201.81 million yesterday.

  • BTC Surpasses $78,000

    Market data shows that BTC has surpassed $78,000, currently priced at $78,009.49. The 24-hour decline has narrowed to 3.23%. Due to significant market fluctuations, please ensure proper risk management.

  • BTC Surpasses $78,000

    Market data shows that BTC has surpassed $78,000, currently priced at $78,009.49, with a 24-hour decline narrowing to 3.23%. The market is experiencing significant volatility, so please ensure proper risk management.

  • BTC Briefly Drops Below $77,000

    Market data shows that BTC briefly fell below $77,000, currently reported at $77,694, with a 24-hour decline of 3.3%. The market is experiencing significant volatility, so please ensure proper risk management.

  • BTC Briefly Drops Below $77,000

    Market data shows that BTC briefly fell below $77,000, currently reported at $77,694, with a 24-hour decline of 3.3%. The market is experiencing significant fluctuations, so please ensure proper risk management.