Startup founders have to choose between going to events and working on their startups, and there is a trade-off here, so we felt like sharing a word of advice with our startup founders at Eleven. Here are some thoughts about startup conferences.
Eleven is the third most active accelerator by number of investments in Europe according to our second internal research on the competitive landscape in Europe for 2014.
After reviewing a few hundred applications to Eleven’s Batch 8, here are a few tips on making a great application for early stage funding.
As part of Eleven, I have reviewed several thousand applications in the last two years, 83 of which made it to the end and received a total of over 5 million Euro investment from us. But along the way we maybe passed on some great ideas simply because these were poorly explained. So before you jump to F6S, locate the first open acceleration program and file your application, let me walk you through process so you can make the best out of your project.
There are few, if any, bonds between the local communities in the CEE region, and some of the communities themselves are fragmented to the point where we were introducing entrepreneurs from the same city to each other.
Having invested in several amazing hardware startups, we at Eleven are not only truly in love with hardware, but we built great confidence and expertise in how to support talented engineers who build the next generation of hardware products!