Hosted by Jay Adelson.
Entrepreneur, CEO, and business owner Jay Adelson (Equinix, Digg, Revision3, SimpleGeo) demystifies the start-up process by providing advice, tips, and answering questions. Ask Jay how to turn any business idea into reality: firstname.lastname@example.org, @jayadelson, or http://youtube.com/askjayadelson Read More
Successful entrepreneur and CEO, Jay Adelson demystifies the startup process by providing advice, tips, and answering questions. In this episode, Jay talks about how startup incubators work, the pros and cons of being funded by one, plus some tips and advice on pitching them.
Jay's Chalkboard Notes:
- Incubators can bring some talented help in addition to the $
- That said, really great product is the biggest contributor to success
- Ask yourself what incubator should you consider and why would they consider you?
- Most incubators have an application process
- Theoretically an incubator can help accelerate your development process
- The best incubators tend to be ones with focus
- Consider the financial structure of an incubator
- Most incubators are structured to get you to a point of more formal funding
- Make sure your biz fits the venture model of the incubator
- Find an angel investor to give you seed funding
- Going it alone can be thoroughly rewarding
- Prepping for an incubator often means proving your idea is "flipping awesome" in very short time