Here’s a snippet:
How important is the initial idea? What’s the entrepreneurial “dream team”?
We keep hearing that the idea is far from being the most important part of a startup. And looking back at the courses successful startups took, we often see them pivoting at least once. In this case, you can’t help but wonder, how important is it really to have a great idea when you apply for an accelerator? How is the initial idea relevant for a potential accelerator acceptance? ”It is pretty common for teams to “pivot” their ideas, especially at such an early-stage: 2 out of the 5 teams in the last GrowLab cohort changed their business and product during the program. This is also why we at GrowLab rather look at the entrepreneurial and technical raw talent behind a team than the idea itself when people apply to our accelerator.”
I’ve heard a “solitary” entrepreneur saying that he once got a “definitely not investing in a one person startup” from an investor. I was curious to know what Boris’s take was on this. ”I personally have backed sole entrepreneurs in the past but it is not the ideal situation (and GrowLab tends to not do it) – the path to a successful start-up is a long and hard one so you significantly increase your chances if you have partners helping you along the way. A founder dream team is usually made up of people that truly respect each other and have complementary skills.”
To read the full interview, click here.