Français

Blog

Thank You!

July 2, 2015 at 3:22 pm

Screen Shot 2015-07-02 at 3.17.46 PM

A quick thanks to all who’ve applied for Fall 2015! It should go without saying that this is the one of the most important times for us – we get to take a step back to see what’s being worked on and innovated. Ultimately, we’re afforded the opportunity to begin supporting amazing startups and teams.

We’re now heads down, reviewing hundreds of applications.

If all goes well, here’s a quick sketch of your next month: 
- By the end of the week you’ll be contacted for a first interview 
- Said interview will take place between July 6th and July 14th 
- You’ll then be notified of a second interview date
- This will then take place between July 20th and August 3rd
- An offer letter will then be in your inbox by the end of the first week of August
- At this point you might celebrate a little (but hey, up to you) 

As always, feel free to ping us at info@founderfuel.com with any questions. 

Looking forward to meeting you!

12 Hours Left!

June 30, 2015 at 10:40 am

The time is now!! 

Screen Shot 2015-06-30 at 10.37.20 AM

Applications close tonight at 1159PM EST. Naturally, we get the majority of our applications today – we hope to see yours in the pile! 

A last minute reminder of what we require from all applicants:
- A team of two or more: no single founders
- At least one technical co-founder
- Ability to work full-time on the business
- Willingness to be in Montreal for the full 12 weeks of the program

Don’t forget: if you have applied, are based in Quebec City, and still have questions about FounderFuel, you can sign up for office hours at Le Camp for this Friday, July 3rd. Sign up for office hours here

Apply, apply, apply and see you soon! 

One Week Left to Apply

June 22, 2015 at 1:38 pm

Our Fall 2015 application deadline is fast approaching…

Screen Shot 2015-06-22 at 1.36.28 PM

Here’s a quick reminder of what we’re looking for:
- a team of two or more: no single founders
- at least one technical co-founder
- full-time focus on the business
- Montreal-based teams for the full 12 weeks of the program

Here’s what you’ve got to lose by not applying:
- $50K – $100K for 6%-9% equity on Day 1 of the program
- $150K in convertible debt 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
- 1K+ people at Demo Day, the largest event of its kind in North America
- Read more of what our Alumni have to say here.

If you’d like to pick our brains in person before hitting send, sign up for your city’s office hours here.

If you’re ready to take the plunge, apply today

Get a Referral!

June 17, 2015 at 9:53 am

Ever heard the infamous ‘foot in the door’ story?

An eager man sent one shoe to the company of his dreams. With it was a note that read, “now that I have my foot in the door, how about an interview?” 

get a refferal 

We’ve said it before and we’ll say it again: one way to guarantee an interview (to ensure that your shoe – attached to your foot – gets through the door) is to get a referral! 

We leverage the greatness of our network during recruitment. At times, the strongest teams that we meet are introduced to us by alumni, mentors, and other community members. At other times, we meet future superstars by sifting through new applications. We look over every application – no matter who from. That way, we’re able to meet with entrepreneurs who haven’t made those connections yet (who may even be coming to us precisely to forge those relationships). 

Know someone that we do? Get in touch at info@founderfuel.com.
Have yet to get your foot in the door? Apply today.

Can’t wait to meet you! 

FF Takes Québec City!

June 12, 2015 at 12:36 pm

As you may have already heard, we’re hitting the road to meet with Fall 2015 applicants! 

qc

Alexandre Shee, Analyst at Real Ventures and mentor at FounderFuel, is travelling to Québec City to chat with YOU! You can find him at Le Camp on Tuesday June 16th from 930AM to 12PM to ask him any questions that you may have about applications or the program. Here’s a little but more about Alex before you meet him in person. 

Screen Shot 2015-06-12 at 12.32.57 PM

We invite you to sign up for office hours on the 16th. 

He can’t wait to meet you! 

– 

Ready to apply? Head on over here. | Postulez maintenant

FF Takes Waterloo!

June 11, 2015 at 2:06 pm

communitech_logo

As you may have already heard, we’re hitting the road to meet with Fall 2015 applicants! 

Janet Bannister, Partner at Real Ventures and mentor at FounderFuel, is coming to Waterloo! She will be at Communitech on June 23rd. We invite you to sign up here for her office hours and to pick her brain about all things FounderFuel and applying to the program. 

Screen Shot 2015-06-11 at 11.36.14 AM

We hope to see you there!
– 
If you’re ready to apply, you can click here;)  

FF Takes Ottawa!

June 10, 2015 at 2:02 pm

As you may have already heard, we’re hitting the road to meet with Fall 2015 applicants! 

Next up is Ottawa! You can find us at the Invest Ottawa offices from 9AM to 1PM on June 26th. This is the time to ask us any questions that you might have about the program or the application process. Be sure to reserve your preferred time slot on the 26th before they’re all gone. You can do so here

 invest-ottawa1

We’re equally excited to be attending a Fresh Founders meet-up on the evening of June 25th to mingle with our friends over at L-SPARK as well as the rest of the cream of the crop on the Ottawa tech scene. If you’re there, we’d love to say hi! 

Screen Shot 2015-06-10 at 12.46.26 PM l-SPARK

We hope to see you in Ottawa! 

– 

If you’re ready to apply, click here;)  

FF Takes Toronto!

June 9, 2015 at 3:38 pm

As you may have already heard, we’re hitting the road to meet with Fall 2015 applicants! 

First up is Toronto. We’ll be hosting office hours at the awesome Project: RHINO from 9AM to 1PM on June 20th. This is the time to ask us any questions that you might have about the program or the application process. Be sure to reserve your preferred time slot on June 19th before they’re all gone. You can do so here

 Screen Shot 2015-06-08 at 3.16.28 PM      Screen Shot 2015-06-08 at 3.21.47 PM


Luckily, our trip coincides with an exciting event – OneEleven’s Tech Summer Social. If you’re there, come say hi! 

Screen Shot 2015-06-08 at 3.31.04 PM

We hope to see you at Project: RHINO or OneEleven (or both!). Can’t wait to meet you. 

– 

Ready to apply? Do so here. ;)  

FounderFuel Is on the Road!

June 8, 2015 at 11:36 am

on the road blog pic

Throw out your pitch decks and come chat – we’re visiting Toronto, Ottawa, Montreal, Québec City and Waterloo! 

We’ll be hosting office hours in each city, and we invite you to come with any questions that you may have about the program. 

Here are the dates and locations scheduled so far:  
Montreal – June 12/15/16/22/23/30 - Notman House 
Toronto – June 19 – Project: RHINO
Waterloo – June 23 - Communitec
Ottawa – June 26 – Invest Ottawa
Québec City – Date TBA (stay tuned!) 

notmanProject Rhino invest-ottawa1      

communitech_logo

Book a time slot for MTL, TO, OTT or WAT before they fill up. Click here, find your desired date, and choose the time that’s best for you. 

We’ll keep you updated on a date and location for our Québec City Stop. Make sure to check back or follow us on Twitter and Instragam to stay in the loop. 

We can’t wait to meet you! 

Ready to apply? Click here. :)  

What’s Expected of an Accelerated Startup?

June 1, 2015 at 2:20 pm

Screen Shot 2015-06-02 at 11.32.44 AM

Alexis Ohanian, co-founder of Reddit, describes the basic premise of the first modern accelerator, Y-Combinator, in his book entitled Without Their Permission

“The premise was simple: a little bit of money, guidance, and three intensive months of writing code and talking to users could one day result in a billion-dollar company. Granted, at the end of three months, the goal was just to have gotten far enough to raise another round of funding – an angel investment, typically a few hundred thousand dollars.”

This got me thinking: is it really, truly clear to founders applying to our program what exactly is expected of them? By investors whom they approach after the program? By the accelerator itself? What about teams accepted into the program – what expectations should they set for themselves during the three month program?

Has the thinking surrounding accelerators changed from the way that Alexis Ohanian describes them – as simply pushing companies far enough to raise another round – or has it become something more?

Here are three different perspectives on what you and your co-founders should work towards while going through an accelerator: 

1) Investors:
For this one I turned to a partner at Real Ventures, to pick their brain about what they would expect from a company approaching them after having graduated from an accelerator. The partner explains that they look for a very clear go to market strategy, a solid understanding of what’s needed to show progress and traction, a strong team (perhaps following from all of the sleepless nights in pitch prep together…) as well as co-founders with a gung-ho attitude.

2) Accelerators:
This I can speak to. FounderFuel looks for startups at the go to market stage: a great team of co-founders, v1 of a product released (or a solid beta), as well as a pretty good idea of a long-term value proposition. We then work with these teams to set aggressive goals together. Once those are set, we hold teams accountable for completing them – we expect results. Most importantly, we provide the resources necessary for teams to successfully accomplish their goals.

3) Teams themselves:
This one’s a bit trickier. We’ve seen teams come through FounderFuel with very varied expectations, some resulting in more success than others. Vaguely speaking, those who have found the most success have expected to work incredibly hard. Some have expected to raise a seed round of $1, 000, 000 by demo day. Others have vowed to release their v2, v3, even v4 to the general public. Sometimes, expectations are in misalignment with reality. That’s okay. Other times, expectations are far exceeded. That’s even better. 

We’re currently on the lookout for co-founders ready to step it up. If you want your startup to be the best in the world, we want to work with you. We are recruiting for Fall 2015. Apply here

Ella 

Think your team has what it takes?

Apply