Today the teams got a visit from Alistair Croll, the co-author of Lean Analytics. He came in to give a great full-morning workshop about how to measure and track analytics. Most people or companies don’t put a huge focus on analytics or don’t know how to, but as Alistair explained, it’s crucial for startups to constantly be tracking and analyzing data. It’s important for young companies to be very aware of what’s working and what isn’t working for them, they need to be able to fail fast so that they can iterate before the money runs out.
During the workshop he covered a variety of topics from what makes a good metric to understanding cohorts to how the Lean Analytics cycle is structured. To learn more, check out this video of Alistair giving a similar talk at Google Ventures a few weeks ago.
As Mentor Day approaches, the companies are starting to wrap their heads around the importance of the day and how to make the most of it. One of their tasks on Mentor Day is to start figuring out which Mentors they would like to ask to sit on their FounderFuel Advisory Board.
You might be asking yourself, what exactly is the FounderFuel Advisory Board? Is it the same as a standard advisory board? Do the Mentors become shareholders?
It’s more of an honorary position and the board is only active throughout the few months of the FounderFuel program. Basically, the advisors will provide them with support, advice and the guidance it’ll take to bring their company to the next level and be 100% ready for Demo Day at the end of the program.
The companies are responsible for putting together a board of between 5 to 10 Mentors and ensuring that they touch base with them weekly as well as meet with them in person twice throughout the program.
To better understand the relationship between the companies and their Mentors, check out the video below made by Aron Solomon, one of our Mentors.
Startup World is a global competition to promote startups and entrepreneurship. The initiative has held events in 22 cities across the world with over 2000 startups applying and 250 startups pitching in the events that have been running across Africa, Europe and North and South America for the past year.
The final will be held on November the 7th 2013 at Plug and Play Tech Center in San Francisco where 22 technology startups from Africa, Europe and North and South America will battle it out to be crowned the world’s best startup.
Tickets to the final event can be purchased for $20 each here.
Everyone wants their product to be as slick as the newest iPhone or iPad. The iTunes design may not have changed much over the years but it works. Apple seems to have found a way to design products and software that critics love, people love to use, and is timeless (in tech time, that is). How can you design like Apple? Check out this short video to find out:
You’ve been working on your startup for 6, 9, 12+ months… You and your Co-Founder(s) think you’re onto something! You’re determined to take it to the next level? FounderFuel wants you!
Beware! FounderFuel ain’t no picnic. For 12 weeks you’ll be challenged, questioned, pushed, inspired and challenged again. You’ll have invigorating highs and discouraging lows, but we promise you’ll come out on top feeling stronger than ever. And at the end of your journey, you’ll have a refined business, figured out how to get traction and be equipped to raise the seed round you need to fuel your growth.
There’s no denying it. FounderFuel is a game changing experience, both for your business and yourself! But don’t take our word for it. Do you homework and talk to our Alumni! Who better to tell you what you’re in for (and what you’ll get out of it) than those who have done it themselves?
If that’s not enough to convince you or if you think your business is ~too far along, take a look the TransitApp’s pitch below and the full list of Summer 2013 Demo Day pitches:
So… Think your team (and your business) is ready to tackle the most intense and challenging 12 weeks you’ve ever experienced?