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Early Riders, a venture fund centered on Bitcoin, has unveiled The Stables, an accelerator initiative in Texas Hill Country designed to assist Bitcoin start-ups globally. The initiative provides 2-5 BTC in financing, a four-week residency, and access to Bitcoin developers and operators, focusing on start-ups with market-ready offerings in financial services and technology.
Michael Tanguma, the creator of Early Riders and Onramp, a Bitcoin financial services company, shared with Bitcoin Magazine, “We concentrate on consumer investments that are commercially viable today — items that individuals desire and are willing to pay for today.” The Stables accelerator aims to support start-ups tackling urgent market demands, especially within Bitcoin financial services, utilizing multi-institution custody for lending, bit bonds, and real estate debt solutions. It particularly targets regions such as Latin America, the Middle East, and Asia-Pacific, where the conversion from fiat to Bitcoin is vital for adoption. It seeks consumer-oriented solutions like secure custody, inheritance planning, and smooth fiat-to-BTC exchanges, addressing issues where users face challenges in safely entering and holding bitcoin.
“Historical instances include Lightning and payments. People don’t truly utilize them. We want them to be embraced, and at the margins they are, but individuals still encounter difficulties accessing Bitcoin — translating their local fiat currency into BTC, then securely storing it, considering inheritance and all those scenarios,” Tanguma elaborated about the kinds of start-ups they are keen on. He further mentioned that, “Google is incorporating USDC stablecoins into their new AI initiatives — we understand it will be logical for economic functions in a digital realm, particularly with AI, to deploy satoshis instead as it offers a superior design surface and enhanced programmability.”
The Stables is accepting proposals right away, selecting the top five contenders for a demo day with Early Riders’ limited partners and advisors. The winner is awarded between 2 and 5 BTC, contingent on bitcoin’s market price and project requirements, along with a four-week residency in Texas. The facility offers childcare, wellness amenities, and a serene environment to promote focus. This program will occur annually, with the inaugural cohort set for summer 2026.
Early Riders underscores Bitcoin-driven efficiency: “When your capital cost is in bitcoin… appreciating annually by 30 to 50%… you become extremely efficient with your hiring practices and the tools you employ,” Tanguma stated to Bitcoin Magazine. This methodology, he indicated, enables Bitcoin start-ups to prioritize robust unit economics over fiat-oriented growth.
The initiative operates on a global scale, with Early Riders’ investments spanning the globe. “This represents a worldwide opportunity. We have a global presence with investments in the Middle East, Asia-Pacific, and Latin America. Our goal is to inspire Bitcoin investors and rationalists — individuals who don’t wish for their funds to be devalued — to become enthusiastic, gain knowledge, and contact us to see how we can involve them,” Tanguma remarked to Bitcoin Magazine. The accelerator provides a pathway for subsequent funding with access to over 50 investors.
Tanguma’s background at Unchained and his work with high-net-worth clientele at Ten31 shapes the focus on multi-institution custody, which he described as delivering “10x the security of self-custody but at one-tenth the effort or time.” The Stables aspires to assist start-ups that are advancing Bitcoin adoption through practical solutions.
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