Getting off the fence

AlphaLab
AlphaLab
Apr 1, 2016 · 4 min read

The AlphaLab application cycle is currently open. Get more info and apply here: alphalab.org/apply

Getting off the fence

“We’re not quite ready and want to wait until the next cycle”

We do not have a negative view of startups who apply again; in fact, if you show the progress you’ve made from the last time you applied, that is viewed positively in our evaluation. And applicants have told us that the process was valuable as the application and interviews (for those who made it to the interview stage) forced them to sharpen their thinking about the business. There are numerous examples of AlphaLab startups who did not get in on the first try who showed us the continued progress they made and got in for the next cycle.

Also, our evaluation of applicants is multi-dimensional; we’re looking at a combination of the team, the potential of the market they’re tackling, the uniqueness of their idea, their progress to date and fit with our program. If you’re at a prototype/early product stage, you won’t score as highly on customer traction but if your idea is compelling, plan makes sense and your team is awesome, you still stand a good chance.

“I’m planning on raising a seed round and don’t want to wait until Demo Day to start raising”

We also know that raising funding is difficult for startups and don’t want to put any artificial constraints in your way. We encourage startups in our program to raise money when they’re ready — and help them with the strategy and game-plan for doing so. Unlike some other accelerators, we do not have anti-dilution protection if you raise money during the program. We also introduce you to investors throughout the program, not just at Demo Day.

“Not sure an accelerator is right for me — I have started a company before”

“I’m not your typical AlphaLab company”

Hopefully this addresses some of the questions or thoughts you have and gets you off the fence! We look forward to reading your application — remember the deadline is Sunday, March 29th at 11:59pm!

Link to application: https://www.f6s.com/alphalab22/apply

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AlphaLab

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AlphaLab

AlphaLab is a nationally ranked early stage startup accelerator focused on helping founders achieve product-market fit and customer traction.

Startups & Investment

Posts from experts at Innovation Works.