"How are you different than an accelerator or incubator?"
First, we are fully remote, whereas most incubators and accelerators are in person. Second, we utilize a co-investing model which allows you to keep your equity whereas most incubators and accelerators will ask for a not insignificant amount of ownership of your company. Lastly, and most importantly, we are investor-operators, meaning we do work with and for you, such as branding, design, prototyping, development, etc.
"Can I do this while joining or in an accelerator or incubator?"
Yes. We don't have anything against accelerators and incubators, what they offer often times complements what we offer (we offer operational expertise while they offer mentorship and office space).
"How do the co-investing terms work?"
If you're accepted to join, you'll invest $5K into your startup in the form of cash, while we'll invest $20K in the form of a convertible note. The entire $25K is used to pay for our program and services as outlined on our home page.
A convertible note is essentially an investment into your startup that is paid at a future 'conversion event'. The conversion event for us is you receiving follow on funding of $100K or more.
Here are a couple scenarios to make it easier to understand:
If you have more questions about how this works, click here to apply and chat with a member of our team.
"I'm a solo founder. Can I still apply? Are my chances of success lower?"
Yes, we love solo founders just as much as teams.
Over 6 years we haven't seen any significant difference in the success rates between the two.
"I have a technical cofounder, should I still apply?"
"Do I have to relocate, or is this entire program remote?"
Our entire program is done remotely.
You'll work with our team through a combination of one-on-one calls, private slack channels and messages, group calls, and other means depending on what stage of our program you're in.
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Startup success representations above are aspirational statements only of your potential. These results will vary depending on a variety of factors including your work ethic, determination, and circumstances. We in NO way guarantee you will get the same results. If you would like an accurate depiction of what YOUR results could be, take our quiz and chat with our team.