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Too many first-time entrepreneurs ignore the needs, desires, and goals of investors, focusing solely on their own needs, desires, and goals. Try thinking of investors as a field of crops. Planting seeds is when you meet new, potential investors. You can’t harvest the day you plant. You have to fertilize and weed and in some climates water those crops if you want them to grow. If you just...
The best part about accelerators is how many people you get connected to while in the program. Those entrepreneurs who suck the most value from accelerators take advantage of that new network. And not just to get answers to the most pressing challenge, but to find what the mentor, guest, etc. might know that you don’t, as extracting that knowledge doesn’t just not cost the other...
The best accelerator programs invest in their invitees, but the way accelerators invest and the mindset behind their investments is vastly different than venture capital funds and Angels, and a vastly superior process. Three key differences are: Batches Accelerators run cohorts of participants and thus choose companies in batches. Venture capital funds (and Angels, which follow the model of VCs...
It’s a new year, but another year full of unknowns, pandemics, and thus challenges for scheduling startup accelerators. In 2021 most of the Fledge programs were shelved, with Start.coop and The Land Accelerator running multiple virtual programs and The Land Accelerator Africa finishing up its program in person in Nairobi in November. Those two programs will run again in 2022. Hopefully the...