So, we launched a new virtual accelerator today focused on our theme of the Everyday Economy. https://nextviewventures.com/blog/announcing-nextviews-everyday-economy-accelerator/
Why">https://nextviewventures.com/blog/anno... in the world would we do this? A couple thoughts:
Why">https://nextviewventures.com/blog/anno... in the world would we do this? A couple thoughts:
1. In uncertain markets, VC& #39;s tend to narrow their aperture. They become more conservative and focus on more traditional profiles of founders. The biggest negative is that first time founders and under-represented founders outside of a VC& #39;s network don& #39;t get their shot
2. Seed VC& #39;s has been looking for more and more traction in recent years. This will only continue in an uncertain market. We are committed to being active in the pre-seed segment of the market, and this is a mechanism to do more of this
3. Startups looking to redesign the everyday lives of everyday people often look a little whacky and non-traditional. They aren& #39;t your typical enterprise SAAS sold to IT departments. Most VC& #39;s appetite for these kinds of companies will go down during this pandemic. But not ours.
4. We are definitely passed peak accelerator. There are a lot of programs, and quality has waned. Classes are big and resources diffuse. Also, many have strangely been focused more on companies with traction
https://abs.twimg.com/emoji/v2/... draggable="false" alt="🤔" title="Thinking face" aria-label="Emoji: Thinking face"> since it& #39;s helps their downstream financing KPIs. No bueno.
5. NextView does not has a "rise of the rest" geo strategy, but we are national in scope and have been doing more investments in non-core markets. But getting on planes and trains is going to be tough. Doing things virtually will be a necessity for some time. We are embracing it
6. This is an experiment that we are excited about and prepared to lean-on on. One of our core beliefs is to be inventive, principled and not dogmatic. We think the market will benefit from this and we are excited to do it. Don& #39;t overthink it
So please check out the details here and share it with people who may be a fit! Applications are open now until May 11 https://nextviewventures.com/the-everyday-economy-accelerator/">https://nextviewventures.com/the-every...