When I was fresh out of college, I applied to be a part of Pie, Portland's Start Up Incubator. Pie selected a handful of companies they believed had the best opportuntiy to succeed. In exchange for mentorship, space and a little seed capital, Pie would take equity in the company and have an option to lead an additional round of investment later on.
I didn't get accepted into the program, along with a large group of other start up founders.
By not being accepted into the program, I spent my time figuring things out on my own. No business degree. Just a will to succeed, countless books and trial and error.
I have started to rethink what the purpose of an incubator is and why it needs to be so selective. Running and scaling a startup is different than what they teach the typical business major too, so overall any young or fresh co-founder doesn't have a lot of experience or knowledge around best practices in creating a viable start up business with limited capital in time. What if there was a business school, or better yet, an incubator, that would be made available to start up founders wanting to learn from other founders, gain access to experienced mentors and given the tools and accountability they need in order to breath life into the kindle that is their company. Would doing something online be feasible? Is start up seed capital necessary? Could an incubator in fact be treated more a s a business school and less like a scarce opportunity to have others tell us our business is cool?
I think there is an opportunity here. To connect like minded people striving to create their dreams. There is an opportunity to create value for the world. Most importantly, people are not restricted by access to information, but rather given the chance to make a small investment in themselves and open up the resources they need to succeed.
Would you like to join this brand of incubator?