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A short collection of stories from going through a Startup Accelerator
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STARTUP ACCELERATORScollection of stories from going through one
Jakub Nesetril@jakubnesetril
• web developer for 15 years
• founder of Apiary.io — a REST API services company
• since May on Springboard accelerator in Cambridge
ABOUT ME
STARTUP WHAT?
large ideas colliderpower of numbersoffer: small money, mentor network, specific help (taxes, law, fundraising, tech)
WHY ACCELERATOR?
when? if you’re a first-time entrepreneur, but have co-foundersif you need to meet mentors, investors etc.not if you need to build your product
THE LITTLE DIFFERENCES
YC model prefers more unstructured time, occasional meetingsTechStars offers more hands-on approachSeedcamp doesn’t have a “class”1/1/1: mentors; building; pitchingdifferent equities, money, loans, follow-through…check NESTA Startup Factories, page 30: http://www.nesta.org.uk/home1/assets/features/the_startup_factories_report_feature
GETTING IN
application process: team just as important as the ideabe prepared to shoot a short videodemonstrate you’re serious
GETTING HIGH
get a good CRM, learn to live with itfollow-up, follow-up, follow-up
GETTING OUT
keep mentors engagedwork your contactshave a roadmap
SURPRISES
30% teams struggle internal conflictssort your team/relationships out really wellrelocate (ie. immerse yourself fully)guerrilla marketing
FUNDING TIPS
rule of thumb - your potential exit size should be the size of your investor’s funduse wisely - sometimes you DO NOT want fundingthink about future rounds, too
GO DO IT!
QUESTIONS?
@jakubnesetril