*Summary* 1. What is a startup accelerator? - 3-4 months. - 10-30 companies share the same office space. - $15k-50k in exchange for 5-10%. - Office hours with experts and investors. - Ends with a demo day. 2.What is its mission? - Become a venture investor. - Answer the question: "How to find, work, and grow with the best startups in the world?". 3. Bootstrapping is important. - Increases the chance of success for both the founders and accelerators. - Crucial skill for founders to survive regardless of how much funding they could raise. - Learn the real-world experience → Find a real-world problem. 4.The grass is always greener on the other side - Living in Silicon Valley is easier to raise capital, but there're other challenges to manage, e.g. high cost. - Don't blame that your local ecosystem doesn't have the capital to fund you. If you believe in your business enough, go travel and pitch to as many investors as possible. twitter.com/phuctm97
No demo day, no office hours, no office space, everything is remote with their bullshit fake virus, so I'd say it isn't worth it. I'm not giving away equity for fucking Zoom calls.
@@alexkace6620 I'm pretty aware of that. THEY have been announcing for 20 years, I knew that was coming since Christine Lagarde ( IMF president ) went public about the reset plan in 2014 ,which is why I went all-in on Bitcoin that year since they can't reset a distributed ledger. Klaus Schwaub ( exec chairman of the World Economic Forum ) published a book about it : Covid-19: The Great Reset . It's getting clearer and clearer but I don't think their plan includes pure-player tech companies.
@@alainportant6412 omg Klaipeda wrote a book about it. Man lol.... What I have going on is 2 Businesses, 1st is the juiciest, it’s a government cash advance for the COVID-19 TRACE ACT which is giving away $100 Billion in the next stimulus Bill. I qualify. I just need a Grant / Business proposal Writer & to get the proposal approved. The second business model is a health care housing. I have a waiting List of clients who need home but I need lots of workers the issue is the government offers a lot of unemployment which is free money.. every one is lazier now days.
I swear this channel keeps getting better and better, congrats to the team for the improved shots, animation and store telling techniques. I don't have anything going on right now to need slidebean but best believe i have it in my pocket app and ill use it the first I need!!
Awesome content! Every large company starts with a dream. If you're an entrepreneur, don't lose faith. Your business will grow and boom one day. Keep fighting! 💪💪💪
dunno if anyone gives a shit but if you're stoned like me during the covid times then you can stream all the new movies on InstaFlixxer. Been binge watching with my girlfriend for the last months =)
I think in the past (like 2011), there was little knowledge database online for seed stage startups. Nowadays, we can reap the benefits of a YC with reddit and youtube videos. Grow your company before exchanging equity for peanuts.
Also... do focus on raising grants either from government or some fellowship. Bootstrapping + grant money is a way to go... Or so I think. ☺️ Because Ether network was started this way. That guy raised money from Peter Thiel's fellowship.
Liked the bit on developing real world experience before founding a startup; I've had ideas since my mid-teens but looking back most of the early one's sucked. 25 now and I have a short list of products & companies that I feel would do well and are simple enough for a first attempt.
He literally said you have to go where the money is. It obviously is harder if you first got to go there. Also long term, repeated contacts make all the difference.
I was in yc - horrible for hardware in s2013 no support - and iterations were expected at the same speed as software companies.. spent so much of our runway on getting fast board prints and soldering iterations of the hardware...
I have a naïve question: would the expected rate of iteration have been realistic in Shenzhen? I often wonder if hardware innovation is stifled in the USA since custom ICs have to be printed in China (to my limited knowledge)
Quick hack for start ups who don’t need the brands from the top start up accelerators, some accelerators based in other countries such as UAE dont take equity in ur company
Hey, Caya! I really like your videos and hugely appreciate every content you post on this channel. Would you think about reacting to a new korean drama called Start Up that is still ongoing this moment? It's one of the first dramas in my limited knowledge that talks about start up businesses (hence the name). Despite the drama part of it, it actually has suprises me with a lot of unspeakable Start Up world secrets... Hope you can shed a touch of reality on some of the episodes and give your opinion about it yourself so it would be more educative! Best of luck, Slidebean! 🙏
Thank you Caya for yet another great video .... Is it advisable to apply to more than one startup accelerator at a time ?? And also how did you move your startup from Chile to the US, all the immigration issues and everything.
The math is wrong in the video but it’s $100k/.06 = 1.667 mil (which he guessed was 2.2 mil). The logic is that you’re paying $100k for 6% of the company, so if every % is equal then 100/6=16.67 per 1%, then multiply by 100 to find out what all the percents are worth together. As far as how to decide a company is worth 1.667 or 2.2 mil, that’s a different story altogether, but usually accelerators have standard deals for the phase of company they target.
Accelerator only create motivational speakers, and wanna be social media entrepreneur type of people, #hardwork #hustle #entrepreneur #morningroutine #pcsetup. Just look around, the start up that succeed never went to accelerators.
Once approved for funding, how do we make sure that the Funder, will write a contract with a white soul intention that it does not cause a potential detriment to the Fundee?; This will require a video showing examples of skewed contracts( some bad hombres in the space)...the subscribers will appreciate it.
*Summary*
1. What is a startup accelerator?
- 3-4 months.
- 10-30 companies share the same office space.
- $15k-50k in exchange for 5-10%.
- Office hours with experts and investors.
- Ends with a demo day.
2.What is its mission?
- Become a venture investor.
- Answer the question: "How to find, work, and grow with the best startups in the world?".
3. Bootstrapping is important.
- Increases the chance of success for both the founders and accelerators.
- Crucial skill for founders to survive regardless of how much funding they could raise.
- Learn the real-world experience → Find a real-world problem.
4.The grass is always greener on the other side
- Living in Silicon Valley is easier to raise capital, but there're other challenges to manage, e.g. high cost.
- Don't blame that your local ecosystem doesn't have the capital to fund you. If you believe in your business enough, go travel and pitch to as many investors as possible.
twitter.com/phuctm97
Join my health care company than.
No demo day, no office hours, no office space, everything is remote with their bullshit fake virus, so I'd say it isn't worth it.
I'm not giving away equity for fucking Zoom calls.
@@alainportant6412 The goal is a global great reset by the world economic forum In which they destroy all businesses
@@alexkace6620 I'm pretty aware of that.
THEY have been announcing for 20 years, I knew that was coming since Christine Lagarde ( IMF president ) went public about the reset plan in 2014 ,which is why I went all-in on Bitcoin that year since they can't reset a distributed ledger.
Klaus Schwaub ( exec chairman of the World Economic Forum ) published a book about it : Covid-19: The Great Reset
.
It's getting clearer and clearer but I don't think their plan includes pure-player tech companies.
@@alainportant6412 omg Klaipeda wrote a book about it. Man lol....
What I have going on is 2 Businesses, 1st is the juiciest, it’s a government cash advance for the COVID-19 TRACE ACT which is giving away $100 Billion in the next stimulus Bill. I qualify. I just need a Grant / Business proposal Writer & to get the proposal approved.
The second business model is a health care housing. I have a waiting List of clients who need home but I need lots of workers the issue is the government offers a lot of unemployment which is free money.. every one is lazier now days.
I swear this channel keeps getting better and better, congrats to the team for the improved shots, animation and store telling techniques. I don't have anything going on right now to need slidebean but best believe i have it in my pocket app and ill use it the first I need!!
Bro, I legit get shivers every time I hear the intro soundtrack😭😭😭
Glad you enjoy it!
Awesome content! Every large company starts with a dream. If you're an entrepreneur, don't lose faith. Your business will grow and boom one day. Keep fighting! 💪💪💪
dunno if anyone gives a shit but if you're stoned like me during the covid times then you can stream all the new movies on InstaFlixxer. Been binge watching with my girlfriend for the last months =)
@Mekhi Gary Yup, I've been using InstaFlixxer for months myself :D
I think in the past (like 2011), there was little knowledge database online for seed stage startups. Nowadays, we can reap the benefits of a YC with reddit and youtube videos. Grow your company before exchanging equity for peanuts.
youtube: new company forensics video!
me: *grabs popcorn and relaxes on the couch*
Enjoy!
Also... do focus on raising grants either from government or some fellowship.
Bootstrapping + grant money is a way to go...
Or so I think. ☺️
Because Ether network was started this way. That guy raised money from Peter Thiel's fellowship.
We have a competitor that's from Y combinator. They started before us and have more funding. We're absolutely demolishing them.
How is this channel not blowing up right now?
Wow the quality of these episodes keep going up! Awesome!
Liked the bit on developing real world experience before founding a startup; I've had ideas since my mid-teens but looking back most of the early one's sucked. 25 now and I have a short list of products & companies that I feel would do well and are simple enough for a first attempt.
That was such a great interview, he hit the nail on the head when you asked him about whether or not location matters.
The biggest BS I ever heard.
He literally said you have to go where the money is. It obviously is harder if you first got to go there. Also long term, repeated contacts make all the difference.
@@mreese8764 Take it easy kid.
You can listen to it in full here: slidebean.com/podcast :)
Tl;Dr: Yes, but also No.
That Intro Audio is for Startup Forensics
Yup, that's the name of the podcast as well :)
I haven’t seen any content on UA-cam I ❤️ than Slidebean contents
I like all videos, that’s how I know which one’s I’ve watched
Content is great as usual! But there is video & audio quality is low in the interview part of the video. Audio sync issues too.
I like all your videos, that’s how I know the one’s I’ve watched
I was in yc - horrible for hardware in s2013 no support - and iterations were expected at the same speed as software companies.. spent so much of our runway on getting fast board prints and soldering iterations of the hardware...
I have a naïve question: would the expected rate of iteration have been realistic in Shenzhen? I often wonder if hardware innovation is stifled in the USA since custom ICs have to be printed in China (to my limited knowledge)
Now this is pure gold
"Starbucks habit" (10:30) @grahamStephan its for you 😂😂😂😂
At least they are encouraging people to consider this alternative and build their own wealth
I just love, love, love that intro!!!
Hey, didnt know you were from costa rica! Pura vida bro, saludos desde Heredia
Quick hack for start ups who don’t need the brands from the top start up accelerators, some accelerators based in other countries such as UAE dont take equity in ur company
Hey, Caya! I really like your videos and hugely appreciate every content you post on this channel. Would you think about reacting to a new korean drama called Start Up that is still ongoing this moment?
It's one of the first dramas in my limited knowledge that talks about start up businesses (hence the name). Despite the drama part of it, it actually has suprises me with a lot of unspeakable Start Up world secrets...
Hope you can shed a touch of reality on some of the episodes and give your opinion about it yourself so it would be more educative! Best of luck, Slidebean! 🙏
Can you make a video on how to make a prototype of any app
Great video. Thank you for the insights
maybe depends by the TAM and speed of growth of the startup to be accelerated
Thank you Caya for yet another great video .... Is it advisable to apply to more than one startup accelerator at a time ??
And also how did you move your startup from Chile to the US, all the immigration issues and everything.
Awesome new intro effects :)
Worthy content 💎
I learn a lot from this. Thank so much ❤️
You are so welcome!
Great content! Quick question, what's your take on pre-accelerators ?
Great content as always 🤙
This is a good share!
Great video and very helpful 🙏🏻. I'm doing master in economics and I would like to do interview with caya, is that possible ??
Hey caya make a video on company'forensics of Nextbit Robin phone maker
How did Steve come up with the $2.2M valuation on the 100K for 6% startup, what is the formula?
The math is wrong in the video but it’s $100k/.06 = 1.667 mil (which he guessed was 2.2 mil). The logic is that you’re paying $100k for 6% of the company, so if every % is equal then 100/6=16.67 per 1%, then multiply by 100 to find out what all the percents are worth together.
As far as how to decide a company is worth 1.667 or 2.2 mil, that’s a different story altogether, but usually accelerators have standard deals for the phase of company they target.
@@EdWhiteSpyHI Thanks Very helpful breakdown.
Amazing video! . . . but the background music : (
Do u invest africa (ghana)
You should come to Germany. You can have a beer with founders as young as 16 :-)
WTF? YES but also NO. NO but also YES.
But at the same time I also learnt a lot...😅
Accelerator only create motivational speakers, and wanna be social media entrepreneur type of people, #hardwork #hustle #entrepreneur #morningroutine #pcsetup.
Just look around, the start up that succeed never went to accelerators.
True.
I am looking for more content related to your above opinion. Any links?
And iam gonna be the second one to comment🚀
Once approved for funding, how do we make sure that the Funder, will write a contract with a white soul intention that it does not cause a potential detriment to the Fundee?; This will require a video showing examples of skewed contracts( some bad hombres in the space)...the subscribers will appreciate it.
Thanks! Add your suggestion here! slidebean.com/youtube-suggest-a-video
@@slidebeanthe bucket list does not give me feedback that the message was sent. Could u do it for me. Thanks
I don’t think anything is topping a cure for cancer
join accelerator to seeding fund
the short answer is No. They waste your time with unproductive busyness
aight ima be second to comment.
Anndddd no one cares Moron
Wow ......
Saludos
Looks sooo tired