Do accelerators really help is the second most asked question in the industry after how do I apply? That would seem an odd question almost twelve years after the birth of the modern business accelerator, except for the fact that there were hundreds of useless business incubators back in the dot com boom. This is an industry with a multi-decade history of big promises. And industry with...
How Fledge helps startups varies from company to company. One of the best stories from Fledge9 is BioGen Kenya. They applied (three times) with a plan to turn used cooking oil into biodiesel. They launched and are operating that business in Nairobi, expecting to come to Fledge to learn how to raise money to expand. Digging into the opportunity, we learned that last year Nairobi passed a law...
After receiving (and reviewing) almost 2,000 applications, it seems long overdue to provide some guidance to the applicants on how to best apply to Fledge. 1. Do some homework Read the about page, the details, and the FAQ. Watch the video explaining What Happens at Fledge. For even more homework, pick up a copy of The Next Step, which is the core of the classroom material taught within Fledge. 2...
A new online magazine, Rank & File has a nice article on the power of mentorship.
Read it at rankandfilemag.com.
Download the Rank & File App for Apple and for Android.
Fledge is an impact accelerator, working with mission-driven for-profit startups from around the world, helping them achieve their impacts by teaching them how to succeed in their businesses. But what do we mean by impact? “What is impact?” is a question asked each year at SOCAP, at every Big Path Capital event, every Toniic gathering and Investors Circle national meeting. This...
One of the biggest challenges of impact investing is in measuring the impact of the investments. One would think that this would be an easy, solved problem, but it is far from simple. The impact ecosystem is still working through multiple methods of measurements, few of which provide a single value which can be summed, compared, and tracked over time. The Pinchot Impact Index is one proposed...
An excerpt from the LelapaFund Blog: After a hectic six months discovering Kenya’s small business scene, LelapaFund is happy to share some insights from the ground with our community. Over 300 companies have joined our pipeline, learnt about a new form of raising equity capital – crowdinvesting – and are actively structuring their companies to benefit from it. Thanks to the countless meetings...
From the mouth of one of the inventors of the modern accelerator, Brad Feld, how accelerators came to be and why they work. Given Fledge is based on the program and learnings of TechStars, this is highly relevant to our program too, despite Fledge being focused on impact vs. technology.
Thank you Fred Wilson for pointing out the video.
Joe Wallin and Michael Schneider, two inquisitive Seattle startup lawyers interview
Fledge founder and Managing Director Luni Libes on “The Law of Startups“.
What is Fledge? What do the fledglings do?
How is Fledge different than the typical accelerators?
Listen here
After hundreds upon hundreds of applications reviewed by Fledge, there are a series of common patterns that lead to rejections, no doubt frustrating the applicants, and similarly frustrating the screeners. 1. Team, lack thereof The number one criteria that Fledge seeks out is a strong team. If you’ve can’t even convince a friend to call themselves a member of your team, then you are...