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I applied to AlphaLab in Pittsburgh but didn't get in. My start-up is a better approach to what I have been doing for years. In fact, the project was suggeste
by edw519 16y ago
I applied to AlphaLab in Pittsburgh but didn't get in.
My start-up is a better approach to what I have been doing for years. In fact, the project was suggested to me by quite a few customers. It's a small business system (order processing, inventory, accounting, ecommerce, CRM, etc.) that can easily be modified to handle the company's special needs.
I had been (and continue to) work on this. I don't need the money but there were several compelling reasons to want to be part of the program:
- access to advice where I am weak
- possibilities for collaboration
- better access to new ideas
- better access to more funding
- office space (a nice perk for a single founder)
- Hacker News has opened me to the possibilites for a program like yc
- I would LOVE to be more involved with the start-up community
- I am committed to Pittsburgh for family reasons
The funding is also provided by taxpayers, so I figured it would be nice to get something back.
The staff was extremely helpful with feedback and office hours. I completed my application and got a little help from friends from Hacker News (rms & SteveKlabnik).
I made it to the presentation round, but was rejected. I focused on the technology, but my audience was more interested in the business plan. Since my own customers were pushing for this, I didn't see the need. Big mistake.
The feedback I got was that there wasn't a business case. No one would buy it. I know they're wrong, but I didn't convince them otherwise, so I just moved on.
Ironically, at the exact moment I was being told that no one would buy it, one of my biggest customers texted me, "do they get it when do u start" How I wish my phone was turned on. Eight words from a customer said more that I could say in 30 minutes.
- nickpinkston 16y agoOur startup, CloudFab.com, went through the AlphaLab program, and I thought it was a great experience overall. Main points of the program: - Mentors / Speakers: They give you access to a lot of local mentors who are great for vetting your idea and making you think straight about your product. They also bring in some prominent connections from outside like VCs (USV, FirstRound, etc.), founders (Eric Koger, CEO of ModCloth) and others in the national entrepreneurial scene. - Network: You can really build your network in Pittsburgh, but I've also found it helpful for getting some legitimacy outside the region as well. - Investment: Of course the $25K was very helpful to get my partner working on it full time and to cover other expenses. There's also companies that go on to receive follow on funding from Innovation Works (the AlphaLab parent org) and of course angels - which we were lucky enough to get. - Space / Community: It's really great to be in the same space other startups and afterward to be able to have them for peer-support. Overall, I think the experience was great, and my own criticism is that they require you to maintain a presence in PA - which is a turn off to many good people who could end up staying.
- megamark16 16y agoJust curious, but what is your startup? I spent the last 10 minutes cyber stalking you and couldn't find a reference to any website other than your Posterous account and the Mixergy interview.