Here’s a little sometin’ sometin’ to get us all through hump day. Enjoy!
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.
WOWZA! Isn’t this crazy?
Startup World recently launched its Montreal documentary and announced dates for the global competition final in November in Silicon Valley.
The mini-documentary provides insight into what it’s takes to build a startup in Montreal and features Phillip Telio of Startup Festival, Noah Redier, Startup Canada, Mauricio Idarraga of Instagrad and Jeffrey Dungeon of ReelyActive.
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.
Think your team has what it takes?Apply