You can tell the program is coming to a close very soon because Show & Tell III is right around the corner. It’s tomorrow!
This is the last time for the companies to give their updates and present their almost finished Demo Day deck. One of the most challenging tasks for a CEO is to to take their whole business and condense it into a straightforward presentation in plain English. To help them achieve this, we set up a week of training sessions in anticipation of Show & Tell III.
In preparation for tomorrow the teams had a 5 hour pitch prep session with our lovely Mentor, Austin Hill. Austin gave the teams an in-depth look at various different kinds of pitches and went over the bad, the good and the great. He then listened as each CEO did their pitch and gave them some really honest but constructive feedback.
To follow-up on yesterday’s session the companies each sat down for one-on-ones with our GM, Ian Jeffrey. In these sessions the final details of their decks were reviewed so that they’re fully prepared to pitch to a room of their peers and FounderFuel Mentors tomorrow afternoon.
It’s been a hectic week but it should be fun tomorrow to see just how far the teams have come!
Want to check the teams out for youself? Check them out at Demo Day on May 13th. Get your tickets here.
Next Wednesday, Notman House will be hosting an Entrepreneurs Cocktail with the theme “Good to Great, the startup’s guide to creating valuable products & high-impact companies”.
The Jeune Chambre de Commerce de Montréal is proud to present, in collaboration with FounderFuel, the SDEVM and Notman House, their Entrepreneurs Cocktail. You’re invited to come meet visionary entrepreneurs who have dared to dream big and challenge the status quo in their industries:
- Magaly Charbonneau, Password Box
- Martin-Luc Archambault, Wajam
- Julien Smith, Breather
- Caithrin Rintoul, Provender, animateur du panel
Through an evening that will combine inspiration, networking and experience, hear them talk about their inspiring journey, vision for the future and how they established strategic alliances with some of Silicon’s Valley major players to take their business ventures to the next level.
WHY PARTICIPATE ?
- Inspiration: Be inspired by the stories and lesson learned shared by our panelists.
- Networking: Enjoy a friendly environment to better share and exchange with entrepreneurs present.
- Building to launch internationally
- Making strategic alliance to take your startup to the next level
- Surrounding yourself with the right team, partners
- Challenges and lessons learned
Check out the event here.
There was an article published recently by First Round entitled The Do’s & Don’ts of Rapid Scaling for Startups. In it, they list out everything that a startup should and shouldn’t do when considering how to grow quickly. Because, after all, don’t most startups want a hockey stick curve in their growth?
Here are some of the key take-aways but check out the full article for all the deets!
1. Have the right mindset for the right time. When you enter a growth phase make sure that everyone is on the same page.
2. Make employees feel accountable for the growth of the company.
3. Always keep moving forward.
4. Remove the bad so the good can thrive. This is crucial, the bad will far outweigh the good and can hinder rapid growth.
Do you have any tips for our teams on how to scale rapidly?
To cap off a long week, we thought why not take the teams up to the Busbud office to tour their amazing space, have a few beers and hang with their team.
Check out some of pics from the evening:
A BIG thank you to one of our Mentors LP Maurice for facilitating everything!
Today was the big day!
The Montreal and San Francisco tech communities were brought together for AccelerateMTL at the historic Rialto Theatre on Parc Ave. This year’s focus was Scaling Innovation. The morning featured round table discussions and the afternoon was filled with speakers who gave a behind-the-scenes look at what scaling innovation really means.
Check out some of our pictures from there day:
Silicon Valley debuted on HBO Sunday night, did you watch?
If not, you can check out the entire first episode on YouTube for FREE!
On Wednesday, 5 of the 45 FounderFuel portfolio companies will head down to San Francisco to pitch at International Demo Day. For the second year in a row FounderFuel, Seedcamp (London) and Startmate (Australia) are joining forces to show the Valley that there are top notch startups located all around the world. In total there will be 17 companies from all corners of the world pitching their companies. This exclusive event is put on in conjunction with AngelList, meaning that you have to be a registered investor in order to attend. Let’s just say the pressure is on!
The 5 FounderFuel companies that are attending are:
1. Kiwi Wearables
2. Now In Store
4. Tattoo Hero
5. Transit App
To see a list of the other 12 companies check out the International Demo Day site.
Are you an AngelList registered Investor who will be in the Valley on Thursday? Come see what our companies have to offer! Register here.
Early this Monday morning Real Ventures very own Gabriel Sundaram gave the teams a talk on the importance of Due Diligence for Seed stage investments. Due Diligence is very important and you want to make sure that you provide all the correct information since everything comes out eventually.
Here are some of the key learnings Gabriel imparted on the teams:
1. The more more you’re looking to raise, the more due diligence there will be
2. It’s not so much about your past but instead about the future of the company and team
3. Business diligence is about building a relationship. It’s not a one time thing
4. Always stay ahead, have everything prepped ahead of time. Never be the bottleneck
5. Make sure all your virtual profiles are always up-to-date
6. Traction speeds up diligence
Finding the right co-founder can be quite a difficult task and one not to be taken lightly. This is the person that you will go through extreme highs with but also extreme lows. You need to not only be compatible but also compliment each other’s qualities and faults. However, if you pick the wrong person, it is very easy for this relationship to sour quickly. An example of such was recently published on BetaKit and anonymously details a co-founder relationship gone wrong.
We are lucky because we now have a multitude of online services that can help you find the perfect co-founder. Below is a list (although not extensive) of various sites you can use if you are searching for a co-founder.
2. Co-Founders Lab
3. BuildItWith Me
4. Find My Co-Founder
5. Startup Weekend
You can also check out this thread on Quora all about finding a co-founder online.
Do you have any tips on finding the perfect Co-Founder?
It seems like the closer we get to Demo Day the faster time passes. Wasn’t it just yesterday that we installed a countdown calendar saying that there were 75 days left until Demo Day??
The teams are in full stress mode and working 7 days a week to make sure they have an MVP out, achieve high levels of traction, launch successful Kickstarters and/or get lots of valuable press coverage before the big day. Let’s just say they have very high mountains to climb but they’re getting there!
Tickets for Demo Day are going fast! Over 600 people have already registered. Make sure you get yours before we run out! You don’t want to miss your chance to watch the pitches from our best cohort yet and to mingle with the entire Montreal startup community.