Programming that promises to help founders find success is pretty much everywhere. Organizations that deliver programming sprout up at a local level almost daily and they are too numerous to list. Generally speaking, all these programs offer some education and a few offer an accountability process to move businesses forward. The best programs have a high cadence where a founder achieves key growth metrics that de-risk the business and get things moving in the right direction. The worst programs hand founders a generic manual and leave them to figure it out.
A long post on effective milestone development and success factors for startup support / accelerator programs. Jessie has run them at CDL and at Volta on the East Coast and has a long history of Canadian startup community building.
I really liked the introduction of “judgement” as a factor. That is, are there people who have actually built, invested in, and supported successful startups who can supply that judgement in running a program to support early stage companies.
He also wraps up with some thoughts on COVID at the end, and what that means for “local” programs:
With COVID pushing everything online, the quality of programming at a local level is very much front and centre. What that means is tough to guess.
This is, in part, a response to Alex Danco’s post which specifically called out milestone based thinking — but covers a lot more ground on the past and future of these types of programs.