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Who is the Spring 2014 Cohort?

October 16, 2013 at 3:23 pm

First off, if you applied to FounderFuel, thank you for considering us and taking the time to do it. You and ~several hundred startups from the US, Canada, China, England, Spain, India, Argentina and every other corner of the world applied, so good luck! We think you’re going to need it.

So what now? Well you play the waiting game…

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To help you get through the wait, here is how our selection process works:

1. Online review: our committee will evaluate each application.

2. Top 40 selection: if you’re in the top 40, we will contact you to setup an interview. 

3. Interviews: to be conducted from October 28th through November 15th.

4. Final selection: our committee will select the Spring 2014 Cohort by December 13th.

Thanks again for applying.

Good luck everyone!

Why & Tips to Apply

October 2, 2013 at 4:35 pm

We asked our most recent program graduates the #1 reason they’d give to apply to FounderFuel and their #1 tip on applying. Read on for what they had to say, and don’t forget that you’ve got less than 2 weeks to get your application in! You can apply here now. 

Reasons to Apply

“You will learn more about yourself, your business, your co-founders, and your product in 3 months, than you will learn in two years on your own.”

“Turn your little idea into something big really quickly.”

“The constant feedback is invaluable, it will force you to create a better business.”

“You’ll have a network of colleagues (the cohort) that will be amazing.”

“It’s not the idea, it’s who you are and your experience — know yourself well. It’s not the business, it’s the market — all co-founders should know it well. It’s not FounderFuel who accelerates you, it’s your team that accelerates – know your team well.”

“You’ll have the opportunity to build relationships with great entrepreneurs / executives that will help you throughout your journey (during and after FounderFuel).”

“Network, network, network! Join an awesome family of alumni, mentors, and partners.”

Tips on Applying
 
“Be passionate about what you’re doing. Solve a real problem. Try to think of how it can become a $100M company.” 
 
“Be honest and open to change.”
 
“Do your homework. Understand what an accelerator is. Lookup every startup that went through it.”
 
“You’re not expected to have the perfect product/idea, but you are expected to have a shit hot team…show you have the ability to execute through past experiences.”
 
“Know your shit, but also be transparent on what you don’t know. The partners can see through BS and it’s better to be upfront than to BS your way in.”

PITCH IT Takes Montreal!

September 12, 2013 at 12:25 pm

Last night we took on our second stop on our PITCH IT tour, our own hometown, Montreal! A full house got to hear from John and Ian about pitching, and then they spent a few hours pitching and getting feedback. Check out the photos below! Next stop, Toronto on Monday!

 

PITCH IT Kicks Off to a Full House in Quebec City!

September 11, 2013 at 4:00 pm

On Monday we kicked off our Pan-Canadian tour of PITCH IT with Real Ventures in Quebec City. It was a full house, several people got feedback on their pitches and we all enjoyed a beer afterwards. Today we take on our hometown! Check out photos from Monday’s kickoff event below and come back for photos from today’s Montreal workshop!

PITCH IT!

August 12, 2013 at 11:48 am

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? Want an opportunity to pitch to the accelerator known for the best pitches in Canada and the most active early-stage venture fund in Canada for feedback and advice?

Well, you’re in luck! We’ll be holding workshops in 7 cities across the country looking for the best startups out there. 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 lovetangible 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:

After this workshop, you’ll be able to pitch like this:

Get your ticket for PITCH IT in a city near you now!
 

What Accelerators Look For

March 21, 2013 at 9:58 am

With our recruiting period wrapping up, interviews coming to an end and selections being made for our next cohort, we thought the Inc.com piece written on what “Five tech start-up accelerators [...] look for in candidates–and what they try to avoid” was just the thing to share with y’all.

Programs like our own are becoming the “ultimate launch pad for many big ideas and promising entrepreneurs.” With a list of accelerators worldwide that is growing upwards of three hundred, it’s no wonder that how to get into an accelerator program is the talk of the town. A couple weeks ago, as Inc.com reports, Jason Calacanis, founder of the Launch Festival in San Francisco, got to ask a panel of five accelerator program partners about how personality plays into their selection. Here’s a breakdown of what they had to say: 

1. Being an entrepreneur: you can’t fake it and it’s not something you can just walk away from. “Curiosity and openness,” combined with being “product-obsessed,” according to two accelerator program pros, mean you’re a “real” entrepreneur. Also, “If you can be talked out of being an entrepreneur, you probably shouldn’t be doing it.” Think about that one twice before applying to an accelerator.

2. You’re married to your founder. Starting a business with someone you’ve just met is like marrying someone you just met in a bar. It might work out, but chances are you’ll fall into the pool of “founder break-ups and dysfunctional teams” that lead to failed companies.

3. “Play well with others.” Accelerators are investing not only in the companies, but also [and mainly] in the entrepreneurs behind them. That means they’re “looking for people who are going to give back” and create a sustainable community. So make friends. It’ll pay off. 

4. “…But jerks [might] have value too.” This is where the accelerators disagree. Some say you have to take the risk and invest in the jerks. “Those outlier personalities are often the most powerful visionaries.” BUT, “talent doesn’t mean you can get away with anything.” On the other side of the coin, some think “that the start-up world will thrive without the presence of talented jerk personalities.” Whether to be a nice guy? It’s a flip of a coin.

We agree with the above, but they’re missing one important point. We at FounderFuel are looking for people with the right mindset. As an entrepreneur you need to believe in your idea and stand by it at all cost, but joining an accelerator requires the humility and maturity to hear the things you don’t want to hear as well as those you do want to hear. This means being completely open-minded and ready to have your ideas deeply challenged and sometimes even destroyed. If we sense that you’re not ready for that, we won’t take you in.

You applied… Now what?

February 11, 2013 at 3:45 pm

Thanks to everyone who applied for the Summer 2013 Cohort!

Unfortunately, or fortunately depending on how you’re feeling about your application, there isn’t much else for you to do now but wait…

 The waiting game

Now what? Here’s a look at what’s on our plate for the next few weeks:
- Online reviews happen this week and are complete by Feb 22nd
- Interviews begin the week of March 4th
- Final decisions will be announced March 18th

Patience is a virtue!

 

It’s the Final Countdown!

February 8, 2013 at 2:52 pm

The final countdown has begun: you have until midnight tonight to submit your application on F6S or on AngelList! No late applications will be considered, so get yours in on time.

Here’s a little “Final Countdown” motivation:

One final reminder of what’s at stake:

- $150K in convertible debt from the BDC for “Venture Ready” companies at Demo Day 
- $150K of exclusive discounts on services you probably already use
- 3 months of free office space in the Valley for select companies
- 120 startup veteran Mentors: Serial Entrepreneurs, Investors and Senior Execs
- 800 people at Demo Day, the largest event of its kind in North America

What are you waiting for? Time’s almost up. Submit your application now.

One day left!

February 7, 2013 at 7:18 pm

There is one day left before applications are due for our Summer 2013 Cohort. It’s the last stretch: time to perfect your videos, fine tune your answers and hit submit before it’s too late!

Complete your application on F6S or on AngelList before tomorrow, February 8th, at midnight!

Whatever you do, keep calm! 

Time is up!

February 6, 2013 at 7:53 pm

You have 2 days left to submit your applications to the Summer 2013 FounderFuel cohort, so hang loose…but not too much!

 

No, creating a profile on F6S or AngelList is not enough.
Sending us an email saying you’re interested is not enough.
Meeting us during drop-ins was not enough.

You need to complete your application on F6S or on AngelList.

We want to know about your company, who’s running it, what you’re doing, your vision… but most of all, we want to know who you are. Make good videos, show us some personality–because for us, when it comes down to it, the team is what matters most.

So stop contemplating whether to hit submit. Just do it–we can guarantee that after three months of feedback, mentorship, and pure speed for your business, you won’t regret it.

See you on the flipside!

Think your team has what it takes?

Apply