incubators, accelerators and startups - from a founder perspective @ startup mantra 2014
DESCRIPTION
The presentation was handled for Startup Mantra 2014, the annual event of Kerala Startups. The slides talk about incubators, accelerators, their advantages, disadvantages, how to evaluate and some tips.TRANSCRIPT
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Incubators, Accelerators and
Startups
Founder’s Perspective
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No definition is perfect
Stop me & ask your questions
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Accelerator Incubator
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What are they looking for?
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a great STORY
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Rock-star TEAM
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Product • Problem
• Solution
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Traction is King
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Online Form
2 Min Video Interview
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Share experience & avoid common
pit-falls
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Press hears about it
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Access to Capital
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Gyan
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Confusion & Distraction
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Co-working space is not always fun
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• Equity Vs. Fund + Other Value • Carefully see ‘50K services’. • ‘Investor partnership’ • ‘Demo day’ -‐ mostly hype only. • Don’t count too much on ‘Mentoring’
• accel/Incub focusing on your industry.
• Ask how will they get you customers?
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How to find Accels/Incubators
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Be Bloody Confident
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No is as good as Yes
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Find people who can vouch for you
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relevant information, sell smarter, grow revenue
vibeapp.co
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The Sales & Marketing Problem
• Push Broadcasting doesn’t work anymore
• Prospect Research killing 20% time
• CRM doesn’t have enough information
• Pain to regularly update the CRM
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• View holistic, accurate, and relevant prospect & customer info
• Appends each CRM record with personal, professional, social, contact & insights.
• Checks for Updates regularly and updates automatically
3 fold Solution from Vibe
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If you are a first-time Entrepreneur, I recommend an
Incub/Accel