Our program is open to early stage startup teams with an ICT solution. We focus on high growth potential, scalable businesses between idea and product-market fit. You don’t need to have a legal entity, a working prototype or customers to be eligible.
That’s ok. We can help you decide which format is best for you. Conventional wisdom is a Delaware C corp if you are planning on getting funding or customers in the US but we can also consider EU options.
This could be an issue. We can help segment your users, brainstorm tactics and do introductions, but if you are building a B2B product for CEOs of marketing agencies and you have no relevant contacts or experience in the space, you might want to focus on something else where you have an easier path to get started.
Then what makes you think you will be able to do it better than your competitors? Unless you have a plan for how you are either going to acquire or hire those skills, it will be difficult. At the very least, a strong understanding of the market and existing solutions is necessary.
Our preference is for people who are going to be able to set aside the time needed to keep up a strong growth trajectory. This includes attending workshops, meeting with mentors, completing assignments, talking to users, and using all of these activities to constantly iterate on your product. We think this is unrealistic for people who have a full time job.
We don’t take equity, we offer access to world-class speakers and mentors (ex: Marvin Liao, Patrick Vlaskovits,Thomas Schranz), and a rigorous program to help you grow your startup. (See the full mentor list here.) During the program, we also organize a networking trip for our top startups and give them opportunities to pitch to our accelerator and investor partners. We cap our program to 5 teams so we can give them the personalized attention they need to be successful.
While we recognize that at times it will feel like you are too busy to take the time to attend a workshop, we hope that you will find value in the program and respect the time of the mentors and speakers we arrange. Teams that consistently skip out on programs will have to leave the program.
If you have a clear view on your cap table that’s definitely a plus, but if not, we recommend you have at least discussed the equity split amongst co-founders and have a verbal agreement. We can help you and will have a workshop on how to do cap tables.
That’s awesome and we are totally open to that. Moreover some of our mentors are angel investors, and if the chemistry is right they might also consider investing. Naturally, you have total control to decide on the deal(s) you take and you are welcome to continue coming to workshops and programs even after you are funded.
We don’t provide an investment by acceptance however you can apply for a monthly scholarship perk to help cover your living costs. You are only eligible for the scholarship if your startup is pre-revenue and you can commit full time to your project.
No, we won't sign an NDA. No venture firm would at this stage. If we trust in your vision, you need to trust in our informal commitment to confidentiality. If you are afraid of someone stealing your idea you may want to read this piece about the value of mere ideas.