Then you could walk into ihub or Nailab with only an idea, you didn't have to pay for a hot desk, it resulted in companies like Wezatele, sematime, eneza, etc.
Not to mention, you found a ready willing mentor.
Hackathons help your idea grow & get validated, learn to pitch, meet other engineers, get feedback & if lucky you get some $ for OPEX.
Then some smart-a** KOTs attacked Hackathons & funders (NGO’s) got shy & stopped funding them
1. To protect their downside, they didn't want a 20 yr old Uni-kid surprising them & disrupting their entire business.
2. Acquire new young customers i.e banking etc
Corporate's LOVE events, for product launches, for brands to remain relevant, build communities around their products. etc
Nothing to do with innovations or the startups.
You cannot date the same companies you are trying to disrupt.
Uber did not go looking for yellow cabs,
Airbnb did not go signing contracts with hotels, etc etc
If they decide to partner, it will take a year plus and it won't be what you imagined when you started negotiations
Secondly, the mentors will be their available midlevel managers who have never built a startup.
But here is a link that will save your idea/startup - paulgraham.com/ds.html
- Many events, but few honest conversations
- Not enough hackathons/ideation platforms
- Key opinion leaders in tech are not entrepreneurs, haven't built anything
- Hubs & labs, are more of co-working spaces not startup accelerators
- No angel investors
should I go on?