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STARTUP ACCELERATORS collection of stories from going through one Jakub Nesetril @jakubnesetril

Startup Accelerators

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A short collection of stories from going through a Startup Accelerator

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Page 1: Startup Accelerators

STARTUP ACCELERATORScollection of stories from going through one

Jakub Nesetril@jakubnesetril

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• web developer for 15 years

• founder of Apiary.io — a REST API services company

• since May on Springboard accelerator in Cambridge

ABOUT ME

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STARTUP WHAT?

large ideas colliderpower of numbersoffer: small money, mentor network, specific help (taxes, law, fundraising, tech)

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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

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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

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GETTING IN

application process: team just as important as the ideabe prepared to shoot a short videodemonstrate you’re serious

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GETTING HIGH

get a good CRM, learn to live with itfollow-up, follow-up, follow-up

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GETTING OUT

keep mentors engagedwork your contactshave a roadmap

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SURPRISES

30% teams struggle internal conflictssort your team/relationships out really wellrelocate (ie. immerse yourself fully)guerrilla marketing

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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

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GO DO IT!

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QUESTIONS?

@jakubnesetril