by In a monumental achievement for Pakistan’s startup ecosystem, Myco, a Pakistani blockchain-based content and media platform, has secured a massive PKR 420 million (approximately $1.5 million USD) investment at Tim Draper’s Global Startup Show. This win marks a significant moment not only for Myco but for the broader entrepreneurial landscape in Pakistan, as it highlights the country’s growing presence on the global tech and innovation map.
The Big Win
The investment came as part of the high-profile Draper Global Startup House Show, a platform created by legendary Silicon Valley investor Tim Draper to discover and support promising startups around the world. Myco outshined numerous other startups from across the globe to emerge as one of the top winners—thanks to its revolutionary vision for decentralizing media content, empowering creators, and rewarding user engagement through blockchain technology.
Pakistani Startup Myco Secures PKR 420M Win at Tim Draper’s Global Startup Show with PakLaunch Support.
This remarkable achievement was made possible with the strategic support of PakLaunch, a global Pakistani tech and startup community that connects local startups with global investors, mentors, and industry leaders.
What is Myco?
Myco, often referred to as “YouTube on blockchain,” is a platform that allows content creators to monetize their videos and live streams directly via cryptocurrency and blockchain-backed rewards. The platform is designed to:
- Ensure transparency in earnings and viewership.
- Eliminate middlemen and censorship.
- Empower users to earn by watching and engaging with content.
- Offer real-time creator analytics and earnings via smart contracts.
This model aims to disrupt the conventional media monetization models used by major platforms like YouTube, Instagram, and TikTok.
PakLaunch’s Role
PakLaunch played a pivotal role in helping Myco prepare for the global stage. From refining pitches and providing mentorship to facilitating introductions with international VCs and key stakeholders, PakLaunch’s ecosystem support was instrumental in Myco’s journey to Draper’s show.
PakLaunch continues to emerge as a major force in helping Pakistani startups gain visibility and capital in international markets. With a growing network of founders, investors, and mentors, the platform has become a gateway for local innovation to reach global heights.
Why This Matters
This PKR 420 million investment is more than just a cash injection—it’s a vote of confidence in the potential of Pakistani startups. It reflects a larger shift as global investors begin to take notice of the talent, innovation, and resilience coming out of Pakistan’s tech scene.
Myco’s success shows what is possible when innovative ideas, community support, and global exposure converge. It’s a milestone that will likely inspire other startups in Pakistan to aim high and scale globally.
Final Thoughts
The win by Myco at Tim Draper’s Global Startup Show is a landmark achievement that reaffirms Pakistan’s emerging role in the global startup ecosystem. With support from platforms like PakLaunch, the future looks bright for Pakistani entrepreneurs ready to disrupt industries and make their mark on the world stage.
