Where 61% of B2B startups get funded
Graduated in Engineering from Stanford, MBA from Harvard, been a Business Analyst at McKinsey, worked at two startups both funded from Kleiner Perkins and other top league investors from Sand Hill Road and worked 6+ years as an Investor at DFJ, Ravi Belani today is Managing Partner at The Alchemist Accelerator. The Alchemist Accelerator is a venture-backed initiative focused on accelerating startups whose revenue comes from enterprises (not consumers). The accelerator backs teams with distinctive technical founders, and provides $40K notes, a fellowship of high potential founders, highly sought after mentors, customer development, and a structured path to fundraising.
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After being over half a decade at DFJ (Draper Fisher Jurvetson), Ravi Belani made it his endeavor as Managing Partner at The Alchemist Accelerator, to empower startups focused on enterprise business. While “good” entrepreneurs do move ahead, they often are not fast enough to create momentum to take off; The “living death” is the worst thing that can happen to any company. The “great” entrepreneurs they don’t focus on challenges but on opportunities while leveraging the right resources in the right time to pass the threshold. Perseverance, persistence, endurance are strength successful entrepreneurs have in common … more so than intelligence! Watch how a B2B startup can accelerate the process of getting riper, have initial traction and get funded.
In a couple minutes of your time watching the video, you can expect to hear / learn about:
- Lessons learned from a Unicorn that raised a $100M but failed
- Deal sourcing such as Twitch (acquired for almost $1B)
- The birth of The Alchemist. From a class — to an accelerator
- Why the alchemist is a different type of an accelerator
- Broker connections with Fortune 500 startups
- What to consider before applying
- How a founder team should look like
- Definition of an outstanding team
- Average startup stage that apply
- Biggest mistakes with co-founders
- The bar for distinctive teams
- Trades for Teams that excel
- What matters when pitching VCs
- When traction doesn’t matter
- Traction pros and cons when fundraising
- Definition of “unfair advantage”
- Which test to pass when building a business
- The founder type the accelerator prefers
- Why ideas die
- The strength of entrepreneurs that succeed
- What are the things founders must be great at
- Value-added program
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Originally published at whatittak.es.
