Incubator · Startup incubators

Incubator, join or not?

Varga Moshtagh CEO & Founder

May 14th, 2017

Hi!


Has anyone any experience from a incubator?

If so, I would love to here what you have to say about it. Thinking about to apply for some, but not sure.

Helena Bentley Former management consultant, constant schemer, and full-time nerd.

May 16th, 2017

Hi Varga,


To echo some of the thoughts here, I think it depends on what you're looking to get out of the incubator, where you are in your product development/business model, and how much energy you're willing to devote to it. Incubators can be great if you have the time, money, and patience to put everything into it-- great especially for networking and getting connected to new markets.

If you're looking to generate sales and develop your tech, however, your time might be better spent working with a smaller in-house developer consultancy, that can work with you as a partner to walk through all stages of the start-up process (shameless plug: check out my company, 20spokes. We pride ourselves on working with company founders, and have a track record launching start-ups as a result of our projects.)


Whether or not you're interested in my company, happy to help you flesh this out if you're still debating your plan of action. For context, I used to work as a consultant in the start-up space, and have worked with a lot of people to help navigate this part of the journey.


Good luck!

Nickolay Kolev Freelancer at Private

May 14th, 2017

Key question is what are you looking to get out of the incubator? Why do you want to join that program?

Need to make sure the incubator matches your needs and also works with startups in your stage. This way you will make sure you are not wasting your time.

I went through an incubator and I must say that I would have probably used my time more efficiently if I was simply working to get customers.

Let me know if you have further questions.

Nick

Felisters Wekesa Am felisters 29yrs old love baking and beauty

May 15th, 2017

Hi With incubator, is it the machine itself literally? Coz I would like one.

Mark Wilson CEO

May 15th, 2017

There are lots of variables. The location makes a big difference. There are incubators run by folks that really don't offer much. Then there are incubators (e.g. SoCal), that are amazing. In 6 months they help you launch your company or your out. You have to do your homework. See what companies they successfully assisted. Talk with them. They'll let you know.

Xavier Lempereur Founder of isosize ® isosize.com

May 14th, 2017

It definitely worth it! Went to three different incubators.

Joy Montgomery Continuous Improvement for Cleantech Companies, Connector

May 14th, 2017

I've been with the Cleantech Open for about 7 years and am the National Alumni Chair now. If you decide to use an accelerator or incubator, expect it to be a full time job to get the most out of it. Find a finance person (at least) to work with you. If you're the technical expert, find a business expert to work with you.

Dane Madsen Organizational and Operational Strategy Consultant

May 15th, 2017

Most startups do not get funded because 1) they cannot articulate the business well enough, or 2) they are unfundable because of #1 and/or they have no team, product/market fit, understanding costs, CAC, and benefits. Unless you are headed into an incubator that forces you to get the bs out, do not waste the time, money, or equity. Incubators are a business, not a social club or a self help group. Know why you are going there and do not romanticize their purpoas .

Dave Maduri Founder

May 15th, 2017

Got a friend who learned all about coding that she knows through an incubator program. Would be no harm giving it a shot

Alex Periel Marketologist and proud of it :)

May 15th, 2017

Absolutely YES.

Even if you won't get funds, you will get advice from extremely experienced guys, who launched couple businesses.

We worked with 8 of 14 TechStars Boston 2016 startups and all of them changed their strategy in different ways, so it's not just a way to get money - it's networking, improving your idea and way of way of meeting with investors(in TechStars their bring investors to you).

Wish you luck in your business.

Muhammad Umair Cofounder @Parho, Digital Marketer, Growth Hacker

May 15th, 2017

Yes, please go ahead