There is not a single business that is not impacted in some kind or a different from COVID-19, and 500 Startups is no distinct. When news broke of COVID-19 getting into in the US, we were a single of the very first major accelerators to switch the Demo Working day working experience wholly digital, and since then, we have focused on accumulating data from buyers and founders to support the neighborhood at-significant via stories like our COVID-19 Trader Survey and Woman Founders Survey.
We’ve also found our portfolio providers stage up to the problem with almost everything from encouraging frontline employees to bettering distant perform for hundreds. Our founders carry on to encourage us, and in the correct nature of putting their safety and wellbeing initial, we are having our flagship SF accelerator entirely digital for the foreseeable upcoming.
Digital-Initial = Founders Very first
Digital-very first implies prioritizing the shipping and delivery, seize, and entry of all routines, so founders in no way have to pick out concerning the value 500 features or managing their small business. What does this imply in practice? Content material will be a combine of stay and pre-recorded based mostly on what the founder requirements.
Stay material will be well timed and extra large-amount of important topics affecting the founders at-substantial. We’ve noticed that our founders have a tendency to desire this sort of information to be reside and the most up-to-date as probable. At the time they have recognized important areas that they want to dive into, they will be in a position to view, read, and take in a wide variety of deep dives from the 500 workforce on-demand.
International Mission, International Startups
Investing in world-wide startups is at the crux of practically all that we do. In reality, ~50% of startups in the software hail from outside the U.S. We have an understanding of that this virtual-to start with solution will be in particular beneficial to our founders from abroad who will now be ready to choose part in our program without the need of the need to have for travel.
Due to the fact of our cohort’s inherent global nature, this isn’t the to start with time we are like a virtual part to our accelerator, and we are leaning on our previous encounter to help us tailor the software for founders’ distinct demands.
Escalating Entry to the World’s Greatest Mentors
As some may perhaps have found in our official simply call for far more woman mentors in our #500FemaleForces campaign, we are organization believers in a potent, curated mentor network. A virtual-to start with technique unlocks engagement options with our network of ideal-in-class mentors, no make any difference the place the founder or mentor may well happen to be in the world.
We consider that this virtual-initial tactic will normalize world-wide interaction and will lead to founders looking for out and connecting with mentors irrespective of geography, enabling them to get the most effective tips for their distinct scenario.
Tapping Into the Global Group
Currently on any offered 7 days, we have 100s of energetic founders on our on the net platform, and additional and additional, we are fostering connections vertically during our local community from mentors to alumni to existing batch founders and extra. This is all produced possible by our full stack of neighborhood platforms which includes an engaged slack ecosystem, fundraising applications, and our mentor matching system.
We have worked diligently about the past handful of weeks to make positive that in all we do, we are remaining correct to our mission and serving our founders in the very best way doable. For the time currently being, that will include things like having a digital accelerator. But for the extensive-expression viability of our program, we will carry on to acknowledge apps 365 days a yr from passionate seed-stage founders about the globe.
This put up is intended entirely to deliver data relating to 500 Startups. All content furnished in this article is offered for general informational or educational purposes only. 500 Startups will make no representations as to the precision or information and facts contained in this write-up and although 500 Startups has taken realistic methods to guarantee that the details contained herein is exact and up-to-day, no liability can be approved for any mistake or omissions. Figures are approximated based mostly on inside estimates as at May well 15, 2020 and have not been independently confirmed.
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