He could be correct. I told him but Y Combinator says they take startups at all stages and Greg says "but you're not at a stage, you still have only ideology" Wait, what? Maybe true, yet the ideology stage is a stage to me. It takes a ton of work to get it out of your head and start taking the idea somewhere. Wael and I are doing that. You still have to do that part to get it to the place where the industry can call it a STAGE.
Hope is not lost, it just may be delayed until the spring application process opens up, by then I expect to be at a industry acceptable stage, if that is what is needed, then that is what my team is going to do.
I love Greg. He is a brilliant marketing man and also a entrepreneur. He is working on a smoking killer hardware wearable tech idea himself. In fact, I said, why don't you apply to Techstars? and he said I attempted to fill out the application and I could not even answer half the questions. Hmm, well that doesn't stop me. With his idea, I don't think he needs answers to all the questions. It doesn't take perfection or having all the answers to dangle a brilliant idea to an accelerator, or does it?
Update: I just looked at the Techstars application. No wonder Greg could not answer half the questions, there are fortyeight of them! I can't remember how many Y Combinator has, but I think its less than twenty. I'm never applying for Techstars, I'd probably be able to answer about ten of them. That application looks like a CIA investigation. I like the Y Combinator application. It seemingly ask exactly what they need to know and nothing more. Sure there was few question my team can not answer at this time, and maybe that will keep us out, for now.
Greg did say that they invest in people first. Wael and I are good people, I do know that. So maybe this whole 'you have to be in a stage' thing is just Greg's thoughts. Hmmm.
Entrepreneurs are in the idea business. It's our ideas that fuel the startup world. Yes we have to keep taking steps to get it further down that road. We don't have to have all the answers, it's not possible. That's why we seek out help from accelerators, we need them, just as much as they need us. Maybe these unanswered questions we leave on the applications, are the part the accelerators can help us to achieve?
If anyone knows of a hardware engineer who would like to talk to Greg about his wearable tech idea, please contact me. I'm telling you I don't have to be a rocket scientist or a venture capitalist to know his idea is KILLER GOOD. It's not like anything on the market. It's one of those ideas, where the users didn't know they needed it, until they used it found out how useful it is. Truly Greg needs to apply to Y Combinator. Anyone who walks away from his idea would be kicking themselves down the road. I'm happy to know a future millionaire, maybe I can talk him into funding me. ; - ) Of course I'd have to answer all his questions on the application!
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