It’s always interesting to look into the metrics around our application process.
We don’t release all the stats, but here’s a sneak peak.
Where do people find us and which sites do they apply on?
We accept applications on our website, f6s.com and Angelist. This year our site and f6s.com were pretty close. We are a founding member and the US launch partner for f6s, so have been using their platform to drive applications and give away free startup resources for a few years now. Angelist started taking applications a little over a year ago and don’t market them as heavily, which is where I assume the disparity comes from.
As for how people find us, being consistently ranked in the top 10 of accelerators is extremely helpful, as is your everyday google search. We also show up and speak at lots of events throughout the year and of course our favorite are the mentor referred companies. Yes, we’re a little like VC’s in that a trusted referral makes our decision much easier. But we look at and consider each and every application.
What kind of tech are they building?
While we always have a few consumer apps sneak into our applicant pool, most of the companies fit our basic criteria of the majority of their revenue expected from businesses. This means b2b2c is perfectly acceptable.
That’s where we’ve seen a major uptick in wearable and IoT. With successes like Validic, a lot of startups are considering more heavily the use of connected devices in enterprise and government.
Flowing from the hardware connections comes data. Lots of uses of this data, and it really doesn’t matter where it comes from. A person, a machine, the web…all produce data that can lead to information that will ultimately lead to action/outcome. We’re excited about all parts of the information flow, from collection to dissemination to analytics to application.
It’s going to be a great year at Tech Wildcatters!