Nektarios Liolios, co-founder and managing director of Startupbootcamp FinTech, outlines the baseline requirements for startups applying to the accelerator.
0:00 / 0:07exact quote · 7.7s
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“So that's a minimum requirement for us. So we don't go just by PowerPoints and Excel spreadsheets. We need to have a prototype or an MVP of sorts.”
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More from Nektarios Liolios
Disclosure
Startupbootcamp FinTech refuses to accept solo founders into its accelerator
“We don't take single founders.”
Nektarios LioliosMar 5, 2015▶ 8:4220 VC 017: Nektarios Liolios of Startupbootcamp on Fintech, Pitching and London's Tech Scene
Insight
Effective startup teams require product, sales, and tech leads
“And a team ideally should have at least three different profiles. We have taken teams in that were two founders who put something together, but very quickly you realize that the team needs to grow, and it needs to have somebody who understands the product, som…”
Nektarios LioliosMar 5, 2015▶ 8:4720 VC 017: Nektarios Liolios of Startupbootcamp on Fintech, Pitching and London's Tech Scene
PredictionNot checkable as stated
Liolios predicts crowdfunding aggregator InvestUp will go very far
“One of them is InvestUp, a crowdfunding aggregator. They've just launched, they're a great bunch of guys they are going to go very far.”
Nektarios LioliosMar 5, 2015▶ 19:0820 VC 017: Nektarios Liolios of Startupbootcamp on Fintech, Pitching and London's Tech Scene
AssertionNot publicly verifiable
Startupbootcamp FinTech replaced main-stage Demo Day pitches with rotation mini-stages
“So we actually didn't have the startups pitch on stage. We had for each startup a mini stage where they had to pitch five times consecutively and investors in the room had to pick five out of the 10 startups that they really wanted to talk to.”
Nektarios LioliosMar 5, 2015▶ 5:3620 VC 017: Nektarios Liolios of Startupbootcamp on Fintech, Pitching and London's Tech Scene
Disclosure
Liolios has not personally invested in startups since the 2000 dot-com crash
“Personally, actually, I haven't invested in a company since I've burned my fingers in the dot-com area, so era in, in, in 2000, so I will be a disappointment in that.”
Nektarios LioliosMar 5, 2015▶ 18:4520 VC 017: Nektarios Liolios of Startupbootcamp on Fintech, Pitching and London's Tech Scene
Disclosure
Startupbootcamp FinTech does not directly invest capital into participating startups
“So we don't fund startups ourselves. We don't have a fund behind. We don't put any money into the startups.”
Nektarios LioliosMar 5, 2015▶ 4:4320 VC 017: Nektarios Liolios of Startupbootcamp on Fintech, Pitching and London's Tech Scene
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