I've been approached by a few startup-ish projects in the past few years, all wanting to 'partner' up and 'join an accelerator' or 'apply for startup program XYZ'.
I proceed to ask "what are you going to do with the $50k you'd get if you get in?"
There's typically a blank stare.
Now, I get that you get more than just money; hopefully you're getting connections and introductions and press you couldn't get on your own. But not always.
But I'm still shocked that typically there's no answer at the top of their minds. And they're asking me to invest the next 6 months or more of my life with them to 'do a startup'. As a tech/dev, I am an investor, investing my time, knowledge, energy and passion in to something. If they can't convince me to invest, they're not going to convince an accelerator.
I've been approached by a few startup-ish projects in the past few years, all wanting to 'partner' up and 'join an accelerator' or 'apply for startup program XYZ'.
I proceed to ask "what are you going to do with the $50k you'd get if you get in?"
There's typically a blank stare.
Now, I get that you get more than just money; hopefully you're getting connections and introductions and press you couldn't get on your own. But not always.
But I'm still shocked that typically there's no answer at the top of their minds. And they're asking me to invest the next 6 months or more of my life with them to 'do a startup'. As a tech/dev, I am an investor, investing my time, knowledge, energy and passion in to something. If they can't convince me to invest, they're not going to convince an accelerator.