When people ask me how my application is going |
How I really feel its going |
First off - Merry christmas (Again!) I hope y'all had a great christmas and good food! And, I'm trusting everyone did cause my instagram, twitter and facebook was going KERAZEE with a tsunami-meets-avalanche of food pictures!
Me? Whilst all you lot were probably out celebrating and nursing food babies, I spent this christmas season doing the least festive thing possible - an application to JFDI Asia. The coolest incubator programme an Asian tech startup could wish to get into and which Fashfix should totally qualify for since we are the coolest start up right??
So why do we want to get into JFDI so bad?
One, theres money ($25,000 to be exact which would give us more funds to make the website better and market it to more people!). Two, it has really great mentors who teach you how to improve and grow your business and also crucially, how to pitch it to investors. Three, it focuses a lot on building a great PRODUCT and thats really what we want for Fashfix - to make it the most amazing product for girls all around the world.But obviously, as with all cool clubs, the selection criteria and process is rigourous - like MAH JOR. There were 26 questions and whilst most start up questions usually focus on the business and whats your idea etc, JFDI seems to be looking more at the team rather than the business.* Example questions:
What are your favourite books?PLUS we have to film a youtube video which I'll be releasing on this blog soon (its basically a webcam video so please don't expect too much!)
Tell us about your unusual lifestyle choices (like doing your own startup isn't unusual enough!)
Whats special about the number 1729?
Tell us about your greatest accomplishment as measured by impact
Approximately how many start up teams are there in the world who could execute your idea?
Anyway, I'm off and back to doing my application - am currently stuck on what hack I'm most proud of and nothing I can think of seems impressive enough - HELP!
*FYI: its a common view in the entrepreneur community that they'd rather invest in a good team with a mediocre idea rather than vice versa. The reason is that a good team can come up with a good idea in the future whereas a mediocre team would find it difficult to make even the most brilliant idea work.