4 ms·
If you're gonna start an incubator, you've got to have serious media creds, founder relationships, have other founders on-board and soft launch. Basically Om's
by midas007 13y ago
If you're gonna start an incubator, you've got to have serious media creds, founder relationships, have other founders on-board and soft launch. Basically Om's other possible career option.
It's inevitable that folks would try to copy a model tactically without understanding the strategy. However I've seen European old money enchanted by people that are adept at playing the valley game. For example, one promising approach might be to solve some timely pain-points: what arent startups usually good at? global localized replication post-traction, customer service and backoffice. This is shit that usually gets built "organically" and falls (or fails) over, until real professionals are brought in to make it look more like a real business. That could work since it reduces risk on the investor side (by funding things later) at the risk of accepting higher valuations. They seem to have the ca$h but don't know what else to do with it.
But coming at founders with only a wooly wish and demanding equity is only going to rope in people too desperate to know the difference. Wantrepreneur incubator : not gonna try to portmanteau that. Thankfully, there's an app for that: http://portmanteaur.com/?words=Wantrepreneur+incubator http://portmanteaur.com/?words=Wantrepreneur+incubator