Pirate, or Navy? Which are you? Fond memories of a both…Read More
Last week I became a mentor for startups in Rockstart! A cool opportunity to help startups grow and, get to grow my network and share my experience within the Rockstart ecosystem.
Rockstart is a startup accelerator, launched in 2011 and has an office in Amsterdam. Within their Smart Energy domain the host a program for a number of startups to coach them to greatness. From my role at Eneco I have been in contact with Rockstart and a number of the startups in their program over the years. I have always found the program to be well developed and thought through. The startups that were admitted are of good quality and ambitious and always good sparring partners. It is nice I can do this in return for the program and can get more involved at the same time.
Given that the rate for actual succes with startups is rather low, is it really a surprise to see that the succes rate for ‘ideas’ is not nearing 100%? I believe from various studies that around 1 in every 10 startups achieves a reasonable level of succes.
“According to the recent research, nearly a half (46%, if we need to be more precise) of them failed to raise any funds in 2017 and 2018. This study was conducted by a consulting and research company called GreySpark Partners”
With most ICO’s being a test to gauge interest in an idea (white paper, website, no working product), I am surprised to see that so many actually manage to raise more than $1 million. I think a big factor there has been the ICO FOMO more than anything else really.