Post by account_disabled on Dec 23, 2023 1:44:54 GMT -8
Here is a comparison between FasterCapital and 3 of its competitors: The incubation program The main objective of FasterCapital is to help non-technical entrepreneurs (regardless of their age) to create technical start-ups by allowing them to focus on key subjects: product, service, business development, sales, marketing, comm… anything that is not technical. Obviously, the program is open to “technical” entrepreneurs who do not have the entire team necessary to develop their product. Cofunding: FasterCapital is a “co-funder” ready to invest $2,000,000 in each project. Cofounding: FasterCapital is the technical co-founder and is involved in business development and product development. Access to capital: Being accepted into the incubation program means that an investor is ready.
Mentoring: As part of its programs, FasterCapital relies on a network Email Data of 159 mentors: technology, education tech, consumer Internet, e-commerce, SAAS, IT services, AI, FinTech.. The list of 159 mentors FasterCapital . Each project has a lead mentor and associate mentors to suggest any necessary improvements. These associated mentors are in relationship with the mentor and not directly with the entrepreneur. Partners: FasterCapital is a partner of, among others, Microsoft, Oracle, Telefonica, vmware, airtel, indosat. Business resources: if the team lacks skills in accounting, finance, marketing, HR, business development, FasterCapital has the necessary resources.
At what stage of development should I contact FasterCapital? From the idea stage. This is one of the very strong specificities of FasterCapital. The idea must be accompanied by a Business Plan and a financial model. Most of the start-ups incubated by FasterCapital started at this stage. How to propose your project? Go to the site and fill out a file: Evaluation of the Business Plan, development needs and problems to which the project provides a solution. The founder must provide 50% of the necessary funds. What are the selection criteria ? Have an executive summary, a business plan, a pitch for a 10-minute presentation and a clear monetization strategy. The acceleration program.
Mentoring: As part of its programs, FasterCapital relies on a network Email Data of 159 mentors: technology, education tech, consumer Internet, e-commerce, SAAS, IT services, AI, FinTech.. The list of 159 mentors FasterCapital . Each project has a lead mentor and associate mentors to suggest any necessary improvements. These associated mentors are in relationship with the mentor and not directly with the entrepreneur. Partners: FasterCapital is a partner of, among others, Microsoft, Oracle, Telefonica, vmware, airtel, indosat. Business resources: if the team lacks skills in accounting, finance, marketing, HR, business development, FasterCapital has the necessary resources.
At what stage of development should I contact FasterCapital? From the idea stage. This is one of the very strong specificities of FasterCapital. The idea must be accompanied by a Business Plan and a financial model. Most of the start-ups incubated by FasterCapital started at this stage. How to propose your project? Go to the site and fill out a file: Evaluation of the Business Plan, development needs and problems to which the project provides a solution. The founder must provide 50% of the necessary funds. What are the selection criteria ? Have an executive summary, a business plan, a pitch for a 10-minute presentation and a clear monetization strategy. The acceleration program.