As I’ve written about extensively, there is a very real knowledge gap on both sides of the early stage start-up game. First-time entrepreneurs lack the seasoning to steer through turbulent waters. Inexperienced friends and family (and, increasingly, crowdsourced investors) lack the ability to gauge the viability of a business, or to mentor naïve entrepreneurs. I’ve come to believe that this knowledge gap is best filled by savvy accelerators. However, there are over 7,500 business accelerators/incubators around the world, and most of them fail.
Here are several 30-second videos answering the most common questions I’m asked about accelerators that can help you navigate and make informed decisions.
Why Join a Non-equity Based Accelerator?
You’ve got customers. You’ve got some level of validation. You’ve got, perhaps, a reasonable degree of product market fit. If you have managed to get past $100k in revenue, that tells me that you have some sense of who your customers are, why they are buying what you have to offer, and how to sell to this customer base.
Entrepreneurs whose revenue falls between $100k and $1 Million experience a very specific set of challenges while following the light at the end of the tunnel. For such entrepreneurs, I have recorded a series of 30 seconds videos addressing their unique concerns. >>>
To help inspire Indian entrepreneurs to spot opportunities for startup businesses, I’ve shared several startup ideas with the lens of developing small, bootstrapped businesses this year. Some of these ideas take a second, smaller-scale look at projects that I wrote about back in 2009 in Vision India 2020 and were originally designed to scale to very large numbers, to become billion dollar enterprises. These ideas are specifically written for Indian entrepreneurs, but could also be adapted to other markets as well.
Mobile devices, especially smartphones, are growing their footprints at an unprecedented scale. Alongside, the mobile app proliferation is gaining tremendous adoption. At the same time, social media is profoundly changing all aspects of business and social communication. The following industry leaders guide us through the developments in Mobile and Social, as well as offer suggestions for new venture opportunities.
Today the significant opportunities for entrepreneurship currently exist in the application layer of the Big Data industry. The platforms and plumbing are already in place.
The most exciting opportunities are going to be available to those entrepreneurs who harness the power of big data, but couple it with intense domain knowledge in specific areas of business. These five thought leaders are good examples of how to do that.