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What Happens Now?

July 1, 2014 at 9:33 am

Thanks to everyone who applied to the Fall 2014 Cohort. We can’t wait to check out all your applications. 

A lot of you have been asking what happens after the application deadline. Unfortunately, it’s a bit of a waiting game. We get so many amazing applications that it takes us a bit of time to filter through all of them. 

 The waiting game

We promise we’ll go as quickly as we can! In the meantime here’s what’ll happen next:
- Online reviews happen this week and are completed by July 7th.
- Interviews begin the week of July 7th
- Final decisions will be announced by the week of August 4th

If you have any questions feel free to reach out to us! info@founderfuel.com

 

What a week!

June 27, 2014 at 10:08 am

wow

It has been an exciting week over here at FounderFuel! 

First, we announced that Sylvain Carle will be joining us as our new General Manager. 

Then, we announced that we’re scrapping our old investment deal and replacing it with %50K for 6% equity or if you have a hardware component, $100K for 9%. 

Finally, we decided to bring the extremely popular PITCH IT back one last time in Montreal. Former GM, Ian Jeffrey, and Real Ventures Partner, John Stokes, gave their talks on how to craft and deliver the perfect pitch to a sold out audience. 

Because of the crazy week and all the exciting changes announced for the program, we wanted to extend the deadline a few days to the last day of June. That’s right! You now have 3 more days to get your application in, including a full weekend! 

Think you’ve got what it takes? Apply now!

Accelerator Rally 2014

June 26, 2014 at 10:39 am

For the second year in a row FounderFuel and the International Startup Festival are putting on the Accelerator Rally. This day-long event, presented by BDC Venture Capital,  is dedicated to startup accelerators from around the world. 

We spend our time accelerating startups so why not take a day to put the pedal to the metal for Accelerator programs.

Why attend?
Nobody knows accelerators better than the people who run them. The Accelerator Rally helps accelerators, globally, take our programs to the next level by creating an environment in which we can share, learn, and iterate on our respective accelerators. Come ready to share the ins and outs of your program for the benefit of all. 

Who should attend?
The people behind accelerator programs–that means managing directors, general managers, program managers, community managers, etc. 
 
The Accelerator Rally 2014 speakers include:


Accelerator Rally Speakers 2014 

 Get your tickets now!

The Accelerator Rally 2014 is presented by:

BDC logo 

Sylvain Carle quitte Twitter pour devenir associé chez Real Ventures et directeur de FounderFuel à Montréal.

June 24, 2014 at 12:36 pm

Sylvain Carle, aussi connu par son surnom internet @froginthevalley, quitte son poste d’évangéliste techno chez Twitter à San Francisco pour revenir au bercail à Montréal. Il se joint à l’équipe de Real Ventures comme associé et directeur du programme FounderFuel. C’est avec grand enthousiasme que nous l’accueillons dans l’équipe!

Même après deux années en Californie, le coeur de Sylvain était encore à Montréal… Actif en tant que mentor auprès de FounderFuel depuis les premiers jours, aviseur et conseiller de plusieurs startup québécoises et membre de l’équipe initiale qui a rêvé le projet de la maison Notman et sur le conseil d’administration de la fondation OSMO, Sylvain a toujours été impliqué dans la communauté des startups de Montréal.

Son expérience personnelle comme co-fondateur et CTO (VP Technologie) au cours des 10 dernières années (Messagia, Interstructure, Praized, Needium) combinée avec son expérience et son réseau auprès des compagnies techno de la Silicon Valley, auront certainement un impact important pour l’évolution de FounderFuel.

Sylvain n’est pas le seul nouveau membre à se joindre au programme puisque nous avons récemment nommé Alex Lynn, ex-Techstars, ex-Sid Lee, comme directeur des projets spéciaux pour Real Ventures. L’expérience d’Alex auprès des entreprises en démarrage et des marques internationales sera mise à profit pour le développement de FounderFuel et des compagnies qui y participent.

Emma Williams va poursuivre son rôle de gestionnaire du programme et veiller à ce que  FounderFuel continue de fonctionner rondement. Avec cette équipe du tonnerre en place, Sylvain sera aussi appelé à contribuer au développement du portefolio d’investissement de Real Ventures avec les associés déjà en place.

Nous avons très hâte à l’arrivée de Sylvain au sein de l’équipe de Real Ventures et FounderFuel. Il se joindra à nous officiellement le mois prochain. Il sera à Montréal pour sélectionner avec nous les compagnies qui feront partie à la cohorte d’automne. Il nous aidera aussi à choisir la compagnie qui se démarquera lors de notre concours au festival international de startups de Montréal en juillet.

Il se prépare déjà à ajouter sa touche de geek au programme FounderFuel, restez à l’affût via notre blogue à http://founderfuel.com/blog/ et notre compte Twitter @FounderFuel pour plus de nouvelles très bientôt!

Pour en savoir un peu plus sur les raisons qui motivent le retour de Sylvain, prenez le temps d’aller lire son billet sur A Frog in the Valley (insérer lien), son blogue personnel.

FounderFuel remanie favorablement les conditions d’investissement pour les startups qui joignent le programme et annonce une nouvelle option pour les compagnies qui combinent logiciel et matériel.

June 24, 2014 at 12:36 pm

FounderFuel est toujours à la recherche de meilleures offres pour les entrepreneurs et fait évoluer son programme afin de proposer de meilleures conditions aux compagnies. Un intérêt marqué pour aider à développer l’offre matérielle (hardware) et un soutien renouvellé pour tous les co-fondateurs de startups.

Les compagnies en démarrage recevront 50,000$ de financement en échange de 6% d’équité (comparé à 9% auparavant). Les compagnies qui développent une composante matérielle peuvent choisir une option de financement de 100,000$ en échange de 9% d’équité (ou choisir l’option de base de 50,000$ pour 6%).

La tendance matérielle est lourde, si vous nous permettez le clin d’oeil. Vanhawks et Kiwi sont deux exemples de la dernière cohorte, et selon les premiers signes pour l’automne, ce mouvement de fond ne fera que s’accélérer. Les composantes matérielles qui distinguent ces compagnies demandent plus de liquidité au démarrage que celles qui ne sont basées que sur les logiciels. Nous sommes convaincus qu’il est important de reconnaître les défis spécifiques dans ce domaine au tout premiers pas de ces idées en émergence.

Toutes les compagnies acceptées au programme FounderFuel sont aussi éligibles à 150,000$ de dettes convertibles offertes par BDC Capital de risque si elles sont jugées “prêtes à recevoir du financement institutionnel” à la fin du programme. De plus, l’offre comprends aussi jusqu’à 150,000$ de produits et services offerts par d’Amazon AWS, Rackspace et Azure, ainsi qu’autant de Red Bull que vous pourrez en boire…

Il ne reste plus que six jours pour appliquer. Nous avons vraiment hâte de faire votre connaissance et de travailler d’arrache-pied avec vous, prochaine génération de startups improbables et impressionnant, au coeur de Montréal. Qu’attendez-vous pour postuler?

Sylvain Carle

Associé et Directeur de FounderFuel

@froginthevalley

Sylvain Carle returns from San Francisco to become Managing Partner at FounderFuel.

June 23, 2014 at 4:02 pm

Sylvain Carle, also known as @froginthevalley, will be leaving his Senior Developer Advocate role at Twitter in San Francisco to return to Montréal as a Partner at Real Ventures as well as the new Managing Partner of FounderFuel. We could not be more excited (he is too)!

Although Sylvain spent the past two years in California, he left his heart in Montreal. An active FounderFuel Mentor since the beginning of the program, an advisor to many Canadian startups and one of the early members of the team that dreamt up the Notman House project, Sylvain has always
 played a larger than life role within the Montreal startup community.

His personal startup experience as co-founder and CTO of Needium, combined with his valley experience and network will have a profound impact on the evolution of FounderFuel.

Sylvain isn’t the only new contributor to the evolution of the program. We recently welcomed Alex Lynn, who formerly spent time at Techstars and Sid Lee, as Real Ventures’ Director of Special Projects. We’ll be ensuring that his experience with startups and global brands will, amongst other things, benefit the development of the FounderFuel program and the companies that get selected to participate.

Emma Williams, FounderFuel’s program manager, will of course continue to make sure things run smoothly and raise the bar for our early stage startups. With a stellar team in place, Sylvain will also be able to devote some of his time to working alongside the other Real Ventures Partners in developing the Real Ventures portfolio. 

We’re tremendously excited about what Sylvain will contribute to Real Ventures and FounderFuel. He’ll be joining us officially in the next month or so and will be in Montreal to help judge our Fall 2014 Cohort contest at the International Startup Festival in July. He already has a few enhancements in store for FounderFuel, stay tuned and check out http://founderfuel.com/blog/ and @FounderFuel for more soon!

To find out more on what returning to Montreal means to Sylvain, check out his blog post (in French).

FounderFuel launches two new investment options in time for new cohort !

June 23, 2014 at 11:34 am

FounderFuel is always trying to find ways to contribute more to the success of its entrepreneurs and is evolving its offering to give an even better deal for all startups. With a focus on more deep tech, starting with hardware, our new terms have been adapted with Founders in mind.

Software companies will receive $50,000 of financing in exchange for only 6% equity (compared to the previous 9%). Companies with a hardware component can opt for $100,000 for 9% equity (or stay at the 50,000 and 6% level).

We have seen more and more hardware startups applying to FounderFuel over the last 18 months. Vanhawks and Kiwi made it into the last cohort and from early applications we are sure that we will have more in this upcoming cohort. The nature of these companies is such that they often need a little more cash than software only startups. We are convinced it is important to accomodate the specific challenges these company face at the earliest stage.

All companies are still eligible for a $150,000 convertible note from BDC Venture Capital if judged to be “venture ready” at Demo Day and also get access to over $150,000 worth of perks and services from companies like Amazon AWS, Rackspace, and Azure, not to mention as much RedBull as considered healthy.

There are seven days to go until applications close (We have extended it until midnight on June 30th). We are really looking forward to working with the next generation of awesome startups and make it all happen in Montréal. Have you applied yet? If not, what are you waiting for!

Sylvain Carle

Managing Partner, FounderFuel

@froginthevalley

 

A Big THANK YOU to Toronto!

June 19, 2014 at 9:55 am

The last two days in Toronto were a complete whirlwind!

Gabriel and I arrived at 4PM on Tuesday, had just enough time to check into our hotel and grab some dinner before heading to Project:OWL for the Behind The Scenes at FounderFuel event. Just as we got inside, it began to POUR and there were Tornado warnings issued in the city. However, despite the crazy storm outside, Toronto startup enthusiasts enthusiastically came out to meet us.

Everyone got to hang out, have a few beers and meet some of our Alumni before we jumped into a panel discussion on what it’s really like to go through FounderFuel and be part of the “Family”. We met with some crazy talented people that we hope to see in the Fall cohort! 

photo_4

We spent all Wednesday morning hosting office hours at a local cafe and then got the opportunity to stop by the MaRS Discovery District and the Ryerson DMZ.

Overall it was a really successful trip and it’s clear that there are a lot of talented people and companies coming out of Toronto. We promise we’ll be back soon! 

FounderFuel in Toronto

June 16, 2014 at 1:43 pm

Tomorrow night Project:OWL, one of the amazing Project:Spaces co-working offices will be hosting FounderFuel for a panel discussion entitled “Behind the Scenes at FounderFuel”.  

ps-owl          FF_logo

The panel will explore what it’s really like for a company to go through the program, any tips the alumni might have for those applying, and what life is like post-FounderFuel. So come grab a beer, mingle with our alumni and find out what the program is all about. Register here and use the code FFMOB to get a free ticket!

The panel guests are:

ali Ali Zahid (Spring 2014) - Vanhawks

Nikolai Nikolai Bratkovski (Spring 2012) - OpenCare

Yoseph Yoseph West (Fall 2011) - Vuru & Wave

We’ll be sticking around the city all day Wednesday and would love to meet with some rock star companies. We’ve opened up a few hours of office hours on the morning of the 18th. If you’re in the Toronto area and want to find out more about FounderFuel, register for a time slot. 

PITCH IT (Takes 2 in Montreal)

June 13, 2014 at 12:37 pm

Have you been working on your startup for a while now and think you’re onto something? Are you determined to take your startup to the next level? Looking to raise a seed round? We’ll you’re in luck!

Last year we took our PITCH IT tour across Canada and it was a huge success so we thought, why not bring it back to Montreal this year! Here’s your chance to mingle with the team, and maybe even get to pitch us before applications close! 

Ian Jeffrey former FounderFuel General Manager and pitch master and John Stokes from Real Ventures have just what you need. You don’t want to miss the combination of the accelerator known for the best pitches in Canada and the most active early-stage venture fund giving advice on how to pitch for a seed round. We’ll be holding a pitching workshop to help you take your pitch to the next level. Join us to meet part of our team, learn about how to pitch for a seed round and then get a chance to PITCH IT to us!

Not so fast though, you won’t get off that easy! Be prepared for some tough love, tangible feedback and action items to take your startup to the next level–and of course, some tips to perfect your pitch. Oh, and don’t worry about us sugar coating or holding back. You’ll get raw feedback just like this:

But after our session you’ll be able to pitch like this:

Register here to join us. 

Not in Montreal? We’ll be at Project:OWL in Toronto on June 17th. Register to come take part in the “Behind The Scenes At FounderFuel” event. 

Think your team has what it takes?

Apply