⭐ Highlights from Ahmed Mirza’s AMA (edited for clarity)

Is an accelerator for anyone? Who is most suited for an accelerator program?

Accelerators like Techstars are best suited for companies with steady revenue and a market-ready product, aiming to scale. They aren't ideal for idea-stage ventures. Founders at an earlier stage should bootstrap until they are ready for growth and can benefit from the network and business development support accelerators provide.

What are the main attributes you look at when evaluating a company?

The primary attributes are the founders' credibility, their fit with the market, and their openness to coaching and mentorship. At the pre-seed stage, the team's ability to address and validate the problem is crucial. Personal readiness to engage in mentorship and handle challenges is also vital.

Do you believe having co-founders is essential for a startup?

Most investors prefer two or three founders, as the journey requires balancing multiple responsibilities like product development, sales, and customer engagement. A single founder is typically a red flag unless they're a seasoned entrepreneur with an experienced executive team. Ultimately, whether you have one or multiple founders, the key is to be clear about your goals, confident in your vision, and adept at leveraging the right resources and talent.

How should founders approach finding the right investor-founder fit?

Old advice suggested raising as much money as possible from any source, but that's outdated. At early stages, it's crucial to find investors who act as partners, truly believe in your vision, and trust you as the right person for the company. When asked "why now," founders should address why this company, team, and timing matter. Similarly, ask investors why they're the right fit at this time with this capital. Avoid rushing to sign the first term sheet; building a company is a long-term endeavor, so find investors who will provide genuine support and advice.

What advice do you have for someone considering a career in venture investing?

To stand out in venture investing, be known for a specific expertise or "superpower." Many aspiring VCs are smart and offer value, but having a unique insight or specialty sets you apart. For example, my focus is on storytelling and pitch decks, a skill honed through experience and study. Identify and embody your own strength to make a meaningful impact in the field.

For the full AMA, click here.

📅 Upcoming AMAs

• Jul 31 at 12pm PST: Luiza Justus, Founder and former Chief Creative Officer at Supersocial Inc.

  • Supersocial is a metaverse company that develops and publishes high-quality games and experiences on platforms like Roblox

• Aug 6 at 12pm PST: Mark Linao, Investor and General Partner at Progression Fund

  • Progression is a venture capital fund specializing in consumer startups, with investments in notable companies such as Dapper Labs, Luma, and OK Play.

📺 Past AMAs

Missed any of our previous AMAs? No worries! You can catch up on all the guests here.

• Will Drewery, Founder and CEO at Diagon (AI-powered procurement platform)

• Gaurav Seth, Founder and CEO at PierSight Space (maritime surveillance using satellites)

• Tejes Srivalsan, Founder and CEO at Poppin (event-based social media)

• Christie Marchese, Founder and CEO at Kinema (film distribution platform)

• Michael Kapps, Founder and CEO at Sanii (longevity and lifestyle for the elderly)

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