Conor has started a discussion about running an initiative to get college grads to start their own startups with financial help and help from experienced people:
- Every summer we run a Hothouse in one/more of the colleges
- It is open to those who graduate that summer or the following summer
- 10 weeks long
- Build something you can demo
- Youâ€™ll have subsistence money to live/eat
- A limited company will be formed for you and all legals/IP taken care of
- Youâ€™ll get introductions to everyone you need to help you get the thing built
- You present your product at the end
This model works well in other countries.
My proposal is to take a group of students from varying disciplines and combine them into a well rounded business group, give them space and a basic support wage and let then run at a project for the 3 summer months.
Its an idea heavily inspired by Joel of FogCreak software and their development of CoPilot.
A group of 3 students, consisting of a developer, a designer, a marketing person.
For me, there definitely needs to be a mix of business and techies for these startups. Not insulting tech people but you also need to be a shark to survive and I think that’s the issue with many startups. You need someone that dreams of swimming in a sea of money and not about efficient code. You need someone that will go out and be all about taking money off people whether you have a great product or a fantastic one.
Let’s keep this going.