#67: Autify Raised $2.5M After Leaving an Accelerator with Ryo Chikazawa
Welcome back to another episode of the We Live to Build podcast.
Today we’re talking about what it’s like going through an accelerator, but this time from the point of view from a startup founder.
If you want to know more about what it’s like for an accelerator picking companies, look for an episode with Ee Ling Lim, one of the directors for the SE Asia region for 500 Startups.
In this episode, you’ll hear me talk with the founder and CEO of Autify, a company that uses No Code and Artificial Intelligence to help companies manage their resources for automating testing and maintaining test scripts.
Because this is a huge problem that a lot of companies have and there is a massive market for it, and you’ll hear more about his story about how he pivoted and how he came to discover this, and it’s something that the accelerator helped him to realize.
In general, he had a great experience with the accelerator, and while I have no experience being part of an accelerator because I chose a different path for my startup, that doesn’t mean that there isn’t value in working with an accelerator, as long as you choose the one that fits you the best.
So, now I’m going to turn it over to Ryo in this very brief, but important episode packed with a lot of information.
– Why you should apply to the accelerators that focus on your vertical or B2B/B2C type
– Why you should apply early and often
– Why you will get rejected many times
– How quickly do they give you money?
– Do you need to commit to being there for the whole time?
– What was the hardest thing about starting the program?
– The 2 main points that will make or break your company
– What was Demo Day like?
– How many investor meetings did you have after Demo Day?
– Did you actually raise any money from those investors?
– Did you find that using the name Alchemist helped you to raise funds?
– How do you keep in touch with each investor from Demo Day
And remember, Entrepreneurship is a Marathon, not a Sprint, so take care of yourself every day, so that you can live and love, and have the energy and the passion to run your business, and to invest in your team, and to find a way to appreciate those moments of happiness.