Hey Craig, Good luck with Griffin. Anything that helps more Aussie startups get up and running is a good thing.
>From an outsider looking in though, there are two things that stick out that >make Griffin look less attractive than competing accelerators like Startmate, >Innovyz, Muru-D and Slingshot. Or YC or Techstars for that matter. 1. The valuation. $50k for 15% is not a great valuation. Startmate takes half the equity and includes an investor roadshow in the US. So from the outside it looks expensive relative to the value provided. 2. The mentors. Phil has a point. The mentor list appears to be very heavy on academics and public servants and light on actual entrepreneurs who have started a software or hardware product business and taken it to a successful exit. Maybe I'm wrong, or maybe the mentor biographies do not emphasise entrepreneurial experience. The point is, perceptions matter, and you've now had two people specifically mention the mentors as a potential problem. I don't in any way mean to rubbish those mentors as undoubtedly they are all very intelligent and generous people. I have a great deal of time and respect for Hamish in particular. But I think that if you want to focus on lightweight software products like traditional accelerators, you may need to shuffle the decks a bit. I think your current mentor roster would be much better suited to an accelerator focusing on spinning out uni research and training academics to be entrepreneurs. Just my 2 cents anyway. And I mean this as constructive feedback only, I like the fact that you're actually doing something instead of talking about it. -- -- You received this message because you are subscribed to the Silicon Beach Australia mailing list. Vist http://siliconbeachaustralia.org for more Forum rules 1) No lurkers! It is expected that you introduce yourself. 2) No jobs postings. You can use http://siliconbeachaustralia.org/jobs To post to this group, send email to silicon-beach-australia@googlegroups.com To unsubscribe from this group, send email to silicon-beach-australia+unsubscr...@googlegroups.com For more options, visit this group at http://groups.google.com/group/silicon-beach-australia?hl=en?hl=en --- You received this message because you are subscribed to the Google Groups "Silicon Beach Australia" group. To unsubscribe from this group and stop receiving emails from it, send an email to silicon-beach-australia+unsubscr...@googlegroups.com. For more options, visit https://groups.google.com/d/optout.
