This month 500 Startups and General Assembly teamed up to hold a pre-accelerator program. Last week, we had our mini Demo Day:
I led the final week of the program where, in addition to 60-second pitch workshops, Angel.co profile show-and-tell, and pitch deck review sessions, I organized mock accelerator interviews.
To help me, I called a few of my friends*, Ryan Jackson of Paid and Andrew Norris of Taplytics, both YCombinator alums, Mason Blake at UpCounsel and Tristan Pollock of Storefront (now EIR @500) who went through AngelPad, and Selcuk Atli and me from 500Startups (both of us with YC backgrounds from Boostable/inDinero).
We started with a panel introducing ourselves and the accelerator processes: YC does 10 minute interviews with a few partners and cares more about founders than ideas; 500 does a deeper dive over 20–30 min and focuses on people and growth. With Angelpad, you’ll be talking to Thomas and Carine, and there will be fewer companies in your cohort. Each pre-accelerator company then had a 5-minute mock interview with us.
Despite the differences between us and our accelerators, the six of us noticed very similar patterns in the founders. The following mistakes to avoid and advice will help you prepare for any accelerator interview (and some investor conversations, too!)
Venture capital is the money invested to support small, unproven or newly started businesses which are typically not bankable but have a bright future. To be true, venture capital is not meant for all and the fund is too hard to raise. So, it is advisable to be realistic in your approach to the various startup funding methods, especially if it is venture capital. If you are looking for the venture capital firms to invest in your startup, you better be ready with all the essential requirements.
The venture capital firms prefer to invest only in those startups that can return their investments not just with the interest but also with huge profits. Also, if you are highly concerned about your control over the company, it is better to look for a source other than venture capital as the investors will be actively involved in the critical matters of the company so as to ensure that the company is moving in the right direction to gain huge profits.
If everything falls in place, i.e., you have a viable business plan, a great management team, a strong network and someone who can introduce you to the venture capital firms, you cannot even imagine how efficiently your business is going to run under the guidance of these venture capitalists. Read more: click image or title.
Learn more about funding, find great funding sources, get a free business plan template, post your funding request for free, and more:
The venture capital industry is facing real competition for the first time in decades. Not only that, but the growing battle between venture capital firms and "super angels" presents an amazing opportunity for entrepreneurs trying to build the next big thing.All of this is according to Paul Graham, co-founder of the early-stage investment fund Ycombinator. During a presentation at Startup School at Stanford University earlier today, the prolific investor discussed the state of startup funding with a packed auditorium of students and entrepreneurs. Specifically, he said the funding world has b
“Entrepreneur Do You Have the Entrepreneurial 'X Factor?' Entrepreneur There's a mysterious "X factor" shared by entrepreneurs around the world. Fledgling entrepreneurs reach for it, while the successful seem to wear it effortlessly.”
Business Insider An Investor Reveals How To Land Your Startup's First Round Of Funding Business Insider Steve Schlafman has been a member of the New York City tech community for years, as both an entrepreneur and an investor.
Visit Amazon.com's Marty Koenig Page and shop for all Marty Koenig books and other Marty Koenig related products (DVD, CDs, Apparel). Check out pictures, bibliography, biography and community discussions about Marty Koenig
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