FAQ

FAQ

HOW IS A STARTUP STUDIO DIFFERENT FROM AN ACCELERATOR OR INCUBATOR?

An accelerator program offers entrepreneurs resources and mentoring to help them bring their ideas to market in exchange for a small amount of equity. Accelerator programs usually culminate in a demo event wherein the best ideas are selected for further support.

Incubators offer a well-equipped workspace along with mentoring and other resources to help entrepreneurs turn ideas into businesses. Unlike accelerators, incubators don’t operate according to a schedule or have a fixed date for when a startup must exit the program. Some help entrepreneurs develop their own ideas, while others generate ideas internally and bring entrepreneurs on board to build them into companies.

A startup studio takes a much more active role in building startups. It generates ideas internally and recruits co-founders to develop the best ideas into profitable companies. Along the way, the studio provides resources, funding, and operational input.

Stanley Park Ventures is a startup studio. Our goal is to help each company we co-found launch successfully with a solid team and a healthy Series A.

WHY NOT JUST INVEST IN EARLY STAGE COMPANIES?

We are operators first and investors second. The idea of just throwing money into a company and waiting passively for it to pay off is simply not that interesting for us. We believe the studio model, which allows us to bring our considerable experience to the mix, will help the companies we co-found get to market faster and more successfully.

HOW DOES IT ALL WORK?

Think of our program as a hands-on, real-life MBA. We have a lot of experience creating and growing start-up companies. After working with us, so will you.

The first step in exploring this opportunity is to apply!. We will review your application and contact you.

Once we have met and both decide (you have to want to work with us too) that it is a good fit we go into our first month of intensive business development. During this month we develop ideas further and determine whether we have the right chemistry to work together on a specific business.

After the first month we move into the project phase where we actually fund the business you are working on and you get paid to be an integral part of a startup company.

After the project phase and company launch: We continue to support the company and we lead the seed round.

DOES IT PAY?

The first month is like an intensive interview process. We vet each other as co-founders while you learn a lot about entrepreneurship and the process of developing a startup. You don’t get paid for this part of the process, but you do learn a lot.

If we decide to bring you on as a co-founder, we understand you may need to make an income in order to pay rent and bills so we are willing to pay a “ramen” salary in order to cushion your transition. Once we create a company you will be paid a competitive salary for an early stage entrepreneur.

WHAT ARE YOU ACTUALLY LOOKING FOR?

We are looking for people who are enthusiastic and motivated to build a company. We are looking for people who are confident but not egotistical. And we are looking for people with a high EQ and the ability to lead a team. We want to take risks on people who might be young or perhaps lack the “right experience” – we believe that we will unearth gold by taking a less traditional approach to people.

ARE YOU LOOKING FOR BUSINESS PEOPLE OR TECHNICAL PEOPLE?

We are building software focused businesses which means we really need both business leaders and technical leaders to be successful.

ARE YOU GOING TO INTERVIEW ME?

Yes, much like other jobs, we find that interviews help us get to know each other better.

DO I NEED TO SIGN ANY LEGAL PAPERWORK TO GET STARTED?

Yes, you will need to sign an NDA (non-disclosure agreement) to get started.

I HAVE MY OWN IDEA I WANT TO DEVELOP WITH YOUR HELP. DOES THIS WORK?

We love that you have your own idea but unfortunately that doesn’t fit our model. If you have an idea that you are passionate about we encourage you to run with it yourself.

WHAT WILL I LEARN, WHAT’S IN IT FOR ME?

It is hard to launch a startup and raise money for it. We believe our experience growing companies will give entrepreneurs the experience building a product consumers want, raising capital, and recruiting a top tier team.

MONTH 1 OF THE PROGRAM

HOW MUCH TIME DO I NEED TO PUT IN FOR THE FIRST MONTH?

We like to measure outputs rather than inputs which means we are not going to use the clock on anyone in the program. We also realize that many of you have full-time jobs and can’t yet commit to this full time, but expect to roughly 20 per week on the project during the first month.

HOW MUCH TIME WILL I HAVE WITH YOU GUYS IN THE FIRST MONTH?

We will assign a lead partner from our team which will work with you regularly, and we will meet as a larger group weekly or bi-weekly to leverage value from the other partners. As the business matures and the team grows, these meetings will transition to regular board meetings.

WHAT IS THE GOAL OF THE FIRST MONTH OF THE PROGRAM?

We are dating. You need to figure out if you want to work with us and we need to figure out if we want to work with you.

DO I NEED TO QUIT MY JOB TO PARTICIPATE?

No – this is truly “try before you buy” for both of us.

DO I NEED TO PAY YOU ANYTHING FOR THIS?

No – this is free.

HOW DO I GET TO THE NEXT PHASE?

At the end of the first month we will both determine if we want to work together. If the answer is yes for both parties we move on to the Project Phase.

I HAVE MORE QUESTIONS – HOW DO I GET THEM ANSWERED?

If you have a specific question feel free to contact us.