Specific Planning: What I want To Be, To Have, and To Do.
I’m a compulsive list maker so this post was perfect for me. I’m not so sure about the paragraph concerning family objection, as I’ve received nothing but the up most support from my family and girlfriend in my pursuits, but I’m going to use the action chart posted in my future en devours.
Business accelerators worldwide are claiming that applicants for seed capital and advice have roughly doubled in the past two years, highlighting the fact that they are at the forefront of the world of online start ups. While most of the major programs only have a few dozen places compared to the few thousands of applicants, if you’re idea, pitch and motivation are strong enough it’s possible to become one of the lucky few. Here are a few examples of accelerator success stories that show that it’s worth taking your business to one of the two hundred accelerator programs that exist round the world.
1. Dropbox (Y Combinator)
After frequently forgetting his USB stick, Drew Houston conceived an idea for an online storage facility using cloud technology allowing for file synchronisation. Naming his idea Dropbox, he secured seed funding from accelerator Y Combinator. In 2008 it secured $7.2M from Sequoia Capital and Accel Partners and now boasts a user base of one hundred million and a valuation of around $4 billion. The initial funding from Y Combinator allowed Dropbox to reach these incredible figures.
2. IntenseDebate (TechStars)
Isaac Keyet, Jon Fox and Josh Morgan created IntenseDebate as a way to enhance and encourage conversation on blogs and other social media websites by managing all your incoming and outgoing comments in one place. The project was given $500,000 seed funding by accelerator TechStars and the company has since been bought by Automattic, the company who own WordPress, possibly the largest blogging site on the web.
3. TaskRabbit (500 Startups)
When Leah Busque didn’t want to go to the store for single items in 2008, she discussed a dream website with her husband that would locate a local good Samaritan who was already at the store and could pick her something up for a small fee. This idea, with the help of seed funding from 500 Startups, has now evolved into TaskRabbit, an online and mobile marketplace for outsourcing small jobs and tasks. It has gone on to receive $37M in funding.