![]() From the beginning, their track record allows them to raise money and then burn it hoping to make their startups profitable. Often, startup studios founders are experienced entrepreneurs who know exactly how to acquire venture capital. Our all crew is directly involved in the growth of our startups. If the studio’s startup needs some specific skills, the startup studio’s employees will put in the work. They are software engineers, designers, developers, marketeers and experienced entrepreneurs. This machine is made of out 15 people working there full-time who bring the needed technical resources to our startups. Some startup studios give their startups mentorship and guidance only. The support they bring to their startups.As far as we are concerned, at Make it, we are industry agnostic because we believe that our execution capability is what matters most when it comes to turning an idea into a revenue-generating business. Rocket Internet's focal point is e-commerce. They’re focused on creating SaaS (Software as a Service) to improve productivity at work. e-Founders is an example of a niche based startup studio. The niche markets startup studios are studios that focus only on one sector. We'll explain how you can join us further in the article. ![]() Now, we have a fund that allows us to invest in external startups as early as the idea stage, so that we don't have to start from scratch everytime and accelerate our growth. So far, we have built 8 startups, all based on our ideas but this has recently changed. While the vast majority of startup studios generate their own ideas, some studios take ideas coming from the outside: other entrepreneurs co-founding a company with the startup studio or corporations that want to test new products or services. The differences between startup studios 4:30 The CEO of this newly founded company will obtain a share of the startup’s equity and his role will be to make it grow. Assuming that there is traction for the solution they have tested, and most importantly, a real market need, they hire an external individual who will become the startup’s CEO. Then, they generate and validate their idea using their experience and execution abilities. Generally, they identify problems and everyday pains. The main goal of a startup studio is to found as many successful startups as possible - all from the ground up. Their job is to actually build startups on a daily basis. Startup studios' teams are not just coaches or advisors. ![]() Now for startup studios, it’s a bit different. However, they often organize demo days where you pitch your project in front of investors who could actually put money on the table. They tackle bigger problems that are directly related to growth (human resources, globalization, scalability.). Accelerators 2:22Īccelerators work with more mature startups that already have a defined business model and have actual clients. While it’s appropriate to say that they help you draw the first blueprint of your business idea, they do nothing that implies actually executing the work for you. ![]() Many times, incubators will also provide you with office space. Incubators will therefore guide them head towards the right direction by providing mentoring, recommendations, tools and network. They usually don't have any business model, product or paying customers yet. They have an idea and they need help to bring structure to this fantastic idea. Most incubators candidates apply when they are at the very beginning of their journey. In the same way a bird who would keep its eggs warm, doing what needs to be done in order to bring them to hatching. They're organizations which take very early stage startups and incubate them. Disclaimer - this is not an exhaustive guide but rather a brief summary to clear things up. This why we decided to write this digest that will presumably help you figure out which is which. When meeting people through our workshops and events, we realized that the difference between incubators, accelerators and startup studios was quite often misunderstood. ![]()
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