20. August 2013–
Lately there's been a lot of discussion and debate in the startup scene surrounding the sudden increase of accelerators, particularly in Berlin. But to really understand what happens in one of these accelerators you need to take a longer look behind the scenes. Our video series "On the Starting Blocks – the Anatomy of an Accelerator" shows how the teams and their business ideas develop over the short accelerator time period.
Who'll be successful, who'll fail, who'll pivot their business model? All this and more will be revealed in our documentary series as we follow different teams on their accelerator journey.
Our choice of accelerator programme is Startupbootcamp and, although the series will provide an inside view of an accelerator, it can only stand as one representative of the many programmes.
At their core, all programmes are made up of three cornerstones: they offer startups help and advice from mentors, some kind of investment and an intense programme over three to six months. StartupBootcamp invests, for example, €15,000 in each team and takes an eight per cent shareholding in the businesses.
StartupBootcamp selection days
The first part of the series covers both selection days, in which 20 teams compete for ten spots in the programme. These 20 have been chosen in a six-month process from over 650 applicants. Over the course of the selection days, they each have to pitch twice to over 70 mentors and take part in 19 separate "roundtable" talks. During these talks we spotted the first changes: pitches were tapered, assumptions challenged and numbers adjusted.
Before the selection days began, we decided on three teams to follow on their StartupBootcamp journey...
Jan Johannes and Daniel Rieth from Berlin-based startup Flux want to simplify the process of dealing with personal messages on social networks. Flux is still in pre-beta stage.
High Mobility is a tech startup in the automotive sector; it's based in Estonia and Sweden. The startup was founded by Risto Vahtra and Kevin Valdek, who previously spent four years working at a design and consulting agency in the Swedish automotive industry.
Australian startup Geddit wants to improve the teaching process. Their service has already launched and they hope to convince the mentors with their first numbers and results.
Here to stay
For two days we filmed everything from the first pitches to the final results. Three of the teams were our focus; two will get into the programme. The video shows what they experienced in the 48 hours.
Translated by Michelle Kuepper
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