Ever wonder how to best approach investors when raising a round? Today, FounderFuel teams received valuable insight from our investor panel and were given advice on how to form valuable relationships with both VCs and Angels. The panel was lead by Real Ventures own Sam Haffar and included Antoine Nivard of Inovia Capital, Stephane Pilette of Anges Quebec, and Angel investor David Chemandy. Here are some of the insights they gave the #FFMob :
“Use the network you already have to reach the investors you would like to contact.”
“The real value of the investors that you pick is their network.”
“Angels generally depend upon recommendations from anybody that they have worked with in the past.”
“Don’t be afraid to give gentle reminders for a response.”
“What’s the difference between persistent and stubborn? Well you only know after the fact, and then it is called success.”
“If you’re going to go the email route and use it as a cold call, make sure you give your value proposition in the very beginning of the email.”
“Carefully decide who you want to work with, because you’ll typically be stuck with your investors for the next 4-5 years.”
Stephane also suggested everyone check out Elad Gil’s blog post about how to ask for an introduction. Read it here.
Hey Toronto Startups!
We couldn’t be more excited to be coming back to Toronto! We had so much fun this past summer at Project:OWL and met some amazing founders and startups.
This time around we’ve partnered with One Eleven and will be hanging out there all day Tuesday, Oct 28th hosting office hours for startups interested in applying to our Spring 2015 Cohort. Even better than that, on the evening of Monday, Oct 27th we’ll be hosting a panel discussion on what it was like to take the leap to entrepreneurship. We’ve got solid line-up of seasoned entrepreneurs who will talk about how they knew it was the time to turn their vision into a business, the risks, the rewards and where their companies are now.
The panel will be hosted by FounderFuel GM Sylvain Carle and is made up of:
- Alkarim Nasser of BNotions
- Andrew Sider of Varage Sale
- Nikolai Bratkovski of OpenCare
- Joe Rideout of Relay
So come have a beer (on us!) and listen to these awesome Toronto entrepreneurs talk about how they built their businesses!
Want to come meet us during our office hours? Register here!
Interested in FounderFuel but you’ve got lots of questions? Not sure if it’s the right fit? We want to meet you! And this year, we’re doing our best to come to you!
We’ll be holding office hours in Montreal, Ottawa, Quebec City, Toronto, Vancouver, New York & San Francisco!
Montreal (Notman House) – Oct 21st, Oct 30th, Nov 6th, Nov 12th & Nov 26th – Register here!
Ottawa (Invest Ottawa Offices) – Nov 10th – Register here!
Quebec City – Nov 7th (TBD) & Nov 16th (2325, rue de l’Université, local 1304)
- Register here!
Vancouver – Nov 16th – We don’t have set times so e-mail us if you’re interested!
New York & San Francisco – We’ll be there on and off throughout the next month so e-mail us and we’ll book you an appointment!
We can’t wait to meet you!
Ready to apply? Submit your application for the Spring 2015 Cohort here.
It is hard to believe the time has flown by so quickly, but we are already halfway through the Fall 2014 program and the pressure to deliver is building up! With Demo Day just 49 days away, now is officially crunch time for the teams. The teams are in full stress mode and the pressure is on as they have just a short amount of time to push out their MVP, achieve high levels of traction, and attempt to get some valuable press coverage before the big day. With a lot to accomplish in a short time, now is the time they’ll be applying everything that they’ve gained from the FounderFuel program in a big push towards Demo Day.
We’re all feeling the pressure and getting really excited about Demo Day. Have you got your ticket yet? If not, do so here. You don’t want to miss your chance to watch the pitches from our strongest cohort yet and to mingle with the entire Montreal startup community!
At today’s Show and Tell event, the Fall 2014 Cohort presented what they’ve been working on since they joined FounderFuel. Our incredible Mentors sat in on the session, and gave valuable feedback, that the companies will take into consideration while preparing for Demo Day. It was really exciting to see how far everybody has come since Day 1, and we’re thrilled to see what they come up with in the time before Demo Day!
Check out some of the tough love our Mentors gave at Show and Tell:
“If you call yourself a platform, you might actually want to be one.”
“You need to be making progress. You’ve made none. You might as well pack-up and go home.”
“It’s good to see that you’ve finally found your niche and are moving forward. That said, this confused the fuck out of me.”
“Hands up, does anyone in this room understand what this company is doing?”
“You didn’t actually talk about your product. I learned a lot of cool things about your industry but nothing about you.”
“I think you have an incredible idea but you lost it in this presentation.”
Want feedback from the FounderFuel Mentors like they gave the Fall 2014 Cohort at Show & Tell
today? Apply now for the Spring 2015 Cohort to gain access to events like these and grow your startup in Montreal!
As you may know, we recently opened applications for our Spring 2015 Cohort (I know, we can’t believe it either!!)
Want to apply but worried your applications might get lost in the mix? Want a surefire way to skip the lines and get a guaranteed FounderFuel interview?
It’s easy! Get someone from the FounderFuel Family to recommend you. We depend largely on our extended network to help us find rock star founders and startups so when we receive a recommendation from someone in the family, we take it seriously.
If you don’t know anyone in the network then consider reaching out to some of our Mentors or Alumni who would understand your business and asking them (nicely) if they would meet with you and give you some feedback. If they like what you’re doing, then chances are they’ll send us a note about how awesome you are!
Stay tuned in the coming weeks for more tips on applying.
Applications are due November 29th. Click here to apply.
Montreal is rising quickly through the ranks as a top-tier startup city, and as FounderFuel applications are now open, it is the perfect time to consider the city as a tech hub that will foster the growth of your startup. A pro-entrepreneurship city, Montreal offers incredible research and development tax credits and has strong government support for the venture capital industry. With 11 universities, and over 170,000 students, Montreal has the highest percent of university students per capita in North America (even higher than Boston!), which provides a source of intelligent and affordable labor (compared to other technology hubs). In addition to that, we also pay significantly lower rent. While the average price of rent is $2,615 in Silicon Valley, an apartment in Montreal will only cost you $800 per month. A vibrant and affordable city, Montreal is just waiting for you to bring your startup here!
We’ll be holding office hours in Montreal starting October 21st and happening every week until applications close.
Register for your time slot here.
Check out this info-graphic that our friends at BusBud put together about the perks of working at a Montreal startup.
Join us on Tuesday, December 2nd for Demo Day to see just how far the FounderFuel Fall 2014 batch grow after twelve weeks of gruelling hard work during which their businesses are refined, transformed and accelerated!
Come hang out with FounderFuel Founders and investors from Silicon Valley, New York, Boston, Montreal, Toronto as well as the entire Montreal Startup Community at the Rialto Theatre. The grand finale will also reveal the Fall 2014 Cohort, and you won’t believe what they have in store for you! As we have done in the past, the “5 à 7” will be open to everyone to mingle with the entire #FFMob including the Fall 2014 Cohort, Investors, Entrepreneurs and Senior Executives. Be sure not to miss this chance to help accelerate your own startup and mingle with the sickest startup crew around!
Le mardi 2 décembre, joignez-vous à nous et à un groupe d’investisseurs de la Silicon Valley, de New York, de Boston, de Montréal et de Toronto. Assistez à la démonstration pour voir où en sont rendues les entreprises de FounderFuel après douze semaines de travail acharné.
En plus, nous révélerons les identités des compagnies de la session d’Automne 2014. Venez vous joindre au #FFMob compris des compagnies de la saison d’automne de FounderFuel, les Investisseurs, Entrepreneurs et Execs. Ne ratez pas la démonstration ni cette excellente occasion de réseautage!
Are you considering applying for FounderFuel’s Spring 2015 cohort? Concerned about your product/market fit? On Tuesday October 14th, we will be hosting a Product/Market Fit Panel at Notman House where you’ll have the chance to hear a panel of founders talk about their unique paths to customer success.
The 4 panelists from various stage startups will include:
- Francis Davidson – Flatbook – Fall 2014 Cohort
- Mikael Cho – Crew – Spring 2012 Cohort
- Danial Jameel – OOHLALA – Fall 2011 Cohort
- Sam Haffar – Chegg
Doors will open at 5pm for a networking session, and at 6pm Sylvain Carle will host a fireside chat with FounderFuel alumni Laurent Maisonnave, co-founder of Seevibes, about his experience in the program, and living/working in the Montreal startup community. At 6:30pm the panel will begin and we’ll discuss different challenges with achieving product/market fit, successes and roadblocks, and various perspectives from companies at varying stages of growth.
With the Spring 2015 applications just having opened, FounderFuel is actively seeking early stage companies who have developed a MVP, and can spend the program achieving product-market fit. Be sure to attend the event, and apply for the Spring 2015 Cohort if you think this applies to you!
Wish you could attend a FounderFuel talk like those we’re always blogging about? Well, your lucky day might be right around the corner! While recruitment for our Spring 2015 cohort gets underway, FounderFuel is going to be hosting a series of panels, workshops, office hours, and networking events throughout Canada for the entire startup community. We’ll be bringing together potential FounderFuel applicants and early stage companies in Montreal, Toronto, Ottawa, Waterloo, Quebec City, and Vancouver. The first of these will be a Product-Market Fit panel on Tuesday, October 14th – come back tomorrow for another blog post with more details on this!
Tuesday’s office hours with Sylvain in Quebec City filled up in a few hours, so stay tuned for updates and don’t miss out on the chance to attend other office hours across Canada. Whether you are interested in applying to the FounderFuel Spring 2015 cohort, or just looking to network within your startup community, be sure to take advantage of these opportunities to mingle with the #FFMob and listen to what our alumni and mentors have to say!