Hey Elly,

Having been through Startmate and 500 Startups there are good reasons
behind their selection requirements.

Let's take accepting teams over individuals for example. Being a solo
founder, whilst not impossible, is extremely demanding mentally and
emotionally. Few are cut out for going it alone, as such teams are a safer
bet. Not only do they support each other but if one falls, the others can
continue.

Secondly I've yet to come across an incubator or investor that will back a
concept or a business plan. They are going to want to see something
tangible like an MVP, sales/pre-sales and a team that can execute. Without
these you're going to have a tough time convincing anyone that you are
worthwhile investing in. Think about it from your own position. Would you
give someone a huge wad of your own cash and hours of help and advice based
on a flashy presentation? I hope not. They'll be looking for at least some
evidence that you're not a snake oil salesperson.

I hope that this doesn't come across as harsh, though it's better to learn
these things before you start pounding the pavement. At least you'll have
time to do something about it.

Dave
On 17/03/2015 5:59 pm, <mosmanstar...@gmail.com> wrote:

> Hi all,
>
> I was wondering if anyone would mind sharing their thoughts and advice
> about the best starting point (e.g. incubator program) for a first-time
> founder. I have a tech start-up in concept phase. It has global potential,
> strong differentiators and, most importantly, it fills a market gap.
> Startmate looked like a good option but it requires tech-savvy groups of
> two to four people, generally.
>
> Does anyone have some wisdom / constructive advice to share?
>
> Thanks!
>
> Elly
>
>
>
>
>
>
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