21 Dec 2015

Key principles for getting the most out of an accelerator

By Jessica

In preparation for our new cohort joining in January we’ve just sent out our handbook to all the startups to help them get ready for the adventure ahead. At the front of the handbook we set out a few key principles that we have at BGV – if the new teams can master these then they’ll have the best chance of making the most of their time here on the accelerator.

We think these are good principles that would help any startup, so we thought we’d share them with you on the blog.

Respect other people’s confidentiality. We want everyone here to feel that this is a space in which they can share successes and failures without fear of it going public. A huge part of the value we offer at BGV is the cohort’s ability to trust each other and collaborate, so please respect each other’s confidentiality.

Ask for help as often as possible. Over the next three months the BGV team, our mentors and the rest of the cohort are here to help you as much as possible. But we can’t help if you don’t ask, so don’t be shy!

Treat everyone with equal respect irrespective of age, race, gender or ability. Don’t exploit people’s goodwill and desire to help. Always try and find solutions rather than problems.

Be generous. This is kind of the flipside of “always ask for help” – we think the best way to build a community that can really make a difference is for us to work together, so please be generous, it makes everything more fun.

And on that last point, make sure you have fun! Doing a startup is hard, there are lots of late nights, difficult decisions and stressful times, BUT it is really important not to let this completely take over your life, giving yourself a chance to breathe is VERY important – don’t forget!