Idea Factory
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Number 1 worldwide startup pitch community.

#WeeklyContest for the best ideas with cash prizes. Expert assessment of your idea and affordable training from mentors.

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The path from dream to idea...

For some, starting a business is no simpler than a space program: years of careful preparation, mountains of drawings, detailed plans ... But over the years, the product becomes irrelevant, or the initiator burns out.

The implementation of the idea should be much faster, and for this, as has been proved more than once by entrepreneurs from Silicon Valley, you need to not detail the business plan, but act ...

Many people lack this determination. They look at the forthcoming stream of unresolved problems, and this becomes their real problem. You can't reason, you need to act!
#BestIdeaReward
We are ready to buy your ideas if you are ready to sell them 😏

Take part in our marathon of cool ideas. Once a week, the 5 most worthy ones will be invited to our webinar, where the best team will receive an unprecedented offer: to lead a project together or sell an idea to us.

To do this, you need to send an application via filling out a form and wait for our decision. Don't wait, suggest an idea right now.

Apply now! πŸ‘‰ https://forms.gle/vAhK7ETzRBMRTjpc7
#BestIdeaReward
We are ready to help you, even if you don't have anything ready πŸ‘¨β€πŸ«

If you do not know where to start, you need help packing a startup, preparing for a speech to investors, then we have prepared a special course for a young startupper like you. We are also ready to provide you with a mentor, draw up documents and provide you with everything you need. We are waiting for your applications.

Apply now! πŸ‘‰https://forms.gle/vAhK7ETzRBMRTjpc7
#BestIdeaReward
Launching the rocket together πŸš€

The next stage is for those who are burning with an idea, it is at the stage of implementation and, in it, we saw great potential.

Welcome to our IdeaFactory accelerator. 🀝

Our goal is startups with a quick payback period (3-12 months) and the potential to go international. Thus, we will allocate the first tranche of up to $ 100,000. If you have an MVP and a business model built and tested, we are ready to start right away.

Apply now! πŸ‘‰https://forms.gle/vAhK7ETzRBMRTjpc7
#BestIdeaReward
Although IdeaFactory just launched the channel and started collecting subscribers, we are already announcing the acceptance of applications for your startups. The best idea is rewarded weekly. Do you have an idea? Do not write on the table, send it to us to make your dreams come true.

How does it work?

1. Apply in google form. Be sure to fill out all the fields, and to cover more details. You can attach a video message up to two minutes long. Check if your Telegram contact is correct and available for feedback, so that experts can clarify the details.

2. The application goes through a detailed review, after which our experts select the 10 most promising startups to enter the public vote. Our community will select the most interesting ideas.

3. Top 5 best projects in the opinion of the audience get a unique opportunity to get to the webinar with an audience of 1000 people. You will get 10-15 minutes for the presentation. The presentation will determine whose business idea is the most interesting and promising.

4. And the time for the most enjoyable phase: receiving the reward. The best idea gets $ 500 - $ 5,000 for development. And even if you will not take the first place, the efforts will not be in vain. Pitch Camp experts will analyze your idea and give advice for development. And in our closed channel you can find many recommendations on how to improve your idea in order to re-apply and win next time.

To apply, fill out the form πŸ‘‡
https://forms.gle/vAhK7ETzRBMRTjpc7
#BusinessEducation
Who to contact for financial support for a startup?

In recent years, the venture capital market has been developing rapidly. Investors are increasingly interested in ideas that can bring great returns if they come to fruition.
At the moment, the most popular startups in the IT field, however, any idea can attract attention if it is well thought out and reasoned.
By increasing the flow of investment, aspiring startups gain access to a multitude of opportunities. They can find a mentor, an investor, and make a loan. The most convenient and generally accepted at the moment are business angels and venture capital funds.

Angels and foundations

The choice of the source of investment depends on the stage in which your project is.
If you only have an idea and no MVP, you can only turn to a business angel. This is an investor who will provide not only financial, but also mentoring support. The angel will determine the path of development and help attract the first customers. At the same time, the angels do not invest large sums. Usually such investments do not exceed $ 100,000. This issue can be resolved by involving more than one angel. Or you can use a single investment to take the project to the next stage by getting the main work done. The advantage of angels is also that you can conclude an agreement with them rather quickly: it will take several weeks.
You also have the option to take a convertible loan. With successful development, it can turn, at the request of the investor, into a share in the company.
If you have an MVP, but still have no access to the client base, but only an idea of how to do this, you go to the pre-seed stage. Venture funds prefer more mature projects, but there are special pre-seed funds that can invest in a company, while obtaining the rights to a share in it. The share depends on the amount of investment and is usually 14% -49%, but it can be lower if the fund doubts the success of the project.
Finding a market for a product, you reach the seed stage and in the future you need mainly to expand the business, and not to establish it. This is where you can turn to venture funds. They take longer than angels to consider applications. Your startup is thoroughly vetted for 3 to 6 months.
Funds prefer large projects with a high risk index, in which you can invest from 1 to 5 million dollars and get huge revenue, offsetting losses from failed projects. But there are also seed funds that are ready to work with small projects.

Accelerators

Business accelerators are gaining more and more scale. This is a program to support and develop startups, often short-term. Why is it a good idea to use an accelerator?
Unlike foundations, which are very formal in choosing startups for investment, and therefore require exceptionally developed projects, accelerators are ready to engage in an idea. Experts help to check the work of a business on a real client base, find the first sales markets and establish an organization. Accelerators attract investors or act in this role themselves. The participant either pays for promotion, or provides a small share in the form of 4% - 10% in the company. Less often, the promotion takes place free of charge.
In a few months in the accelerator, the project manages to get back on its feet, after which it is possible to attract larger investors.

7 reasons to contact an accelerator:

- The largest number of transactions in recent years have been concluded within the framework of accelerators;
- Open competitive recruitment;
- Rapid and intensive development: from several months to six months;
- Strong expert support;
- Almost instant transition to hypothesis testing and real income;
- Opportunity to receive investments promptly;
- Forms of participation in the accelerator: from a small share of the accelerator to a simple payment for participation in the program.
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#BusinessEducation
πΌπ‘›π‘›π‘œπ‘£π‘Žπ‘‘π‘–π‘œπ‘› π‘‘π‘–π‘ π‘‘π‘–π‘›π‘”π‘’π‘–π‘ β„Žπ‘’π‘  π‘Ž π‘™π‘’π‘Žπ‘‘π‘’π‘Ÿ π‘“π‘Ÿπ‘œπ‘š π‘Ž π‘π‘Žπ‘‘π‘β„Ž-𝑒𝑝.
𝑆𝑑𝑒𝑣𝑒 π½π‘œπ‘π‘ 

Most people use the term "startup" in the meaning of any starting business, but let's still figure out what they really mean.

The term first appeared in Forbes magazine in August 1976. It was introduced to refer to companies that have been operating for a short time. Yet startups emerged in the 1930s in the United States in the Santa Clara Valley. They were involved in high-tech development.

There are several definitions of a startup.

The founder of one of the leading accelerators, Paul Graham, gave this definition:
A startup is a company built to grow rapidly.

It's not enough to be a young company to be a startup. But the lack of funding and a developed business model does not prevent them from becoming.

Eric Rees clarified the concept of a startup:
A startup is an organization whose goal is to create products and services in the face of uncertainty.

The generally accepted definition is:
A startup is a newly created company that is in the development stage and is building its business on the basis of newly emerging technologies.

The company does not have to be registered. It also doesn't have to be an IT company. Only a small part of the companies being opened can be called a start-up. A startup must be unique. If you create something that has already been done before you, this is not a startup.

Largest startups in history:
1) Apple - the creation of the first personal computer;
2) Google is the fastest and smartest search engine;
3) Microsoft is the most popular operating system;
4) Facebook is a widely used social network.

The difference between a startup and other companies:
1) Rapid growth
2) Unpredictability of development
3) Scalability

In a short period of time, a startup should grow from a project to a full-fledged independent company. The speed of implementation is an indicator of the viability and investment attractiveness.

Startup development stages:
1. Search: find a scalable business model
2. Fulfillment: the project moves on to increasing the number of clients, achieving a positive cash flow
3. Growth: achieving liquidity

A startup could only have emerged in the twentieth century thanks to the speed of information dissemination. Even Leonardo Da Vinci created many projects that could become a sensation if there were investors. Nowadays, attracting investors is much easier, so your idea can change the world.
#StartupNews
Billionaire founder of Social Capital Chamat Palihapitiya shared his perspective on success and innovation.

At the moment, Chamat Palihapitiya is one of the most influential people in Silicon Valley, although his path began in a family of poor immigrants who moved to Canada from Sri Lanka.

He states, "Successful people are deeply insecure."

If you are happy with everything in your life, you hardly have an incentive to move. The more flaws in the system you see, the greater your desire to change your life, to make it comfortable. So some flaws can give you a boost. For example, Chamat Palihapitiya is genetically prone to diabetes. He is incapable of changing his genetics, but a fairly large portion of his investment goes into the healthcare system to fight diabetes. If you haven't received recognition a long time ago, you will get it in adulthood by working on things that really excite you. Only worry will motivate you.

Palihapitiya is convinced that passion is more important than education.

He never conducts interviews for more than 10-20 minutes. At this time that a person is worried and reveals his real self. Around the middle of the conversation, a task is unexpectedly given: "Think what you are deeply passionate about, and teach me this." It is at such moments that you can understand the value of an employee.

Most well-known institutions like Harvard or Stanford are useless because they teach you to do tasks for show. As a result, β€œspecialists” are obtained who have a diploma, are confident in their own qualifications and are not ready to go deeper beyond the basic program. And at the same time, some uneducated guy from unknown regions of Spain may get into the company, who talks eagerly about the details of aerodynamics. Passion cannot be overlooked.

Using errors improves business processes.

There are professions in which you have no right to make mistakes. For example, a pilot error in an airplane can cost many people their lives. However, this happens only in professions where it is known exactly how it should be in reality. Business, research and some other areas are not.

You can achieve really great success only on a new path, walking along it blindly. You will be wrong, but it is the errors that will show you where you should not go. Scientists are looking not for confirmation of their theories, but for refutation of them. The innovator looks for gaps and mistakes to pave the way and create something completely new.

You won't catch big fish in a crowd of fishermen.

Investors grab onto trends and lose their individuality, and with it they lose income. Most invest in obvious ideas, where the way and terms of earnings are immediately clear. You must invest in uniqueness. Take the example of Elon Musk, he invests in the unobvious, succeeds and gets fame. A good idea sometimes works better than a stable and successful business.

You should learn to wait, not chase income right here and now.

Most often, investors place money in technology projects that will bring income as quickly as possible. The entire Silicon Valley is driven by speed and performance, forgetting what matters. Palizapitiya is invested in the environment, health care, education, as important inventions will bring much more income in the future.
#BestIdeaReward
We begin our weekly competition for the best idea. Price for this week is $500.

We have been receiving a lot of applications with your ideas (at the moment there are more than 40 of them). Therefore, we have decided to start the competition tomorrow, 08/16/2021.

And here's the plan for this week:

βœ”οΈ On Monday you will meet our expert and his team (they will select startups and supervise them in the next stages)

βœ”οΈ On the same day, the first stage of the competition will begin. We will present 10 candidates, after which you will choose the 5 worthiest by voting.

βœ”οΈ On Thursday, there will be an open webinar where candidates will present their ideas.

βœ”οΈ At the end of the week we will finalize the results and announce the winner.


Success to everyone! Best regards, PitchCamp Team!

apply your idea πŸ‘‰https://forms.gle/vAhK7ETzRBMRTjpc7
#BusinessEducation
Management of risks

American scientist and investor Peter L. Bernstein believed that the ability to manage risk ensures the progress of the economy.

A number of negative consequences can be avoided by using statistics, mathematical analysis and sociological experience.

Risk is one of the criteria for selecting good entrepreneurs. The success of startup depends on your ability to predict risks, prepare, and deal with surprises.

Potential risks are important for investors. You should be well versed in the problems you may face.

Pay attention to the following steps:

Idea
If you initially choose a product that will not interest the user, your idea is doomed to fail. You can also choose the wrong target audience.

Product
You need to establish efficient production and distribution of goods.

Team
You need to find a strong team. Employees without sufficient qualifications and experience may not be able to cope with unforeseen situations.

Market
Here you may encounter ineffective marketing, aggressive competitors' policies and the interception of an idea by a more developed rival.

Investments
You can underestimate the amount of funding needed and slow down development.

In future we will tell you how to assess risks and minimize them. With fruitful work and right supervision your project will definitely enter the market.
#BestIdeaReward
Attention! Competition!
The first webinar will take place on Thursday 19.08, where 5 startups with the best ideas will be presented.

Tomorrow, on August 18, a vote will take place, where out of 10 applications we have selected, you can choose 5 that will go to the final stage of the competition.

After that our experts will contact the candidates for the main prize to help with preparations of the presentation. Each participant will have 10 minutes to develop their idea. The creator of the best project will receive 500 USDT.

We are waiting for you at the webinar. Best regards, PitchCamp team.

Web link:
https://us02web.zoom.us/j/83780613244
#BusinessEducation
You cannot defeat danger without danger.

After identifying the risks that you may face you should assess their likelihood and possible damage.

The risk assessment is divided into two stages:

1. Qualitative analysis identifying factors that can lead to a decrease in the effectiveness of the project.

The main techniques for qualitative risk assessment are:

- "Brain storming" method
- Ranking method
- Analogy method

2. Quantitative analysis requires you to estimate the amount that you can lose.

The most popular methods are:

- Sensitivity analysis
- Analysis of the expected monetary value

The number of analysis methods is enormous. The choice of an assessment method depends on various factors, for example:

- Objectivity and reliability of information
- Qualifications and experience of team members
- Software resources

There is a method for teams of all levels to prepare for the complexities of a startup. Find your path to success and remember to constantly analyze what you are doing.
#interviewSuccesstory
What has Bezos invested in?

Venture projects not only receive funding from many investors, but have also attracted real business sharks. Jeff Bezos, number one on the Forbes billionaire list, is an active investor in startups. What projects did the owner of $ 211 billion choose?

Jeff Bezos founded Amazon, which started out as a bookstore. Also the space company Blue Origin was his creation. On the New Shepard spacecraft of his company, on July 20, 2021, the billionaire in the company of his younger brother successfully flew into space.

Bezos is currently the chairman of the board of directors in the online retailer. However, in addition to business he is engaged in venture capital investments. His Bezos Expedition Foundation has helped launch or accelerate the development of many projects. For example, the Expedition has funded Twitter, Uber, Airbnb.

38% of the fund's investments are invested in technology companies. 34.2% go to the development of health care. Another 14.7% goes to the consumer sector.

In 2021, Bezos invested in the development of the following companies:

β–ͺ️Pilot
β–ͺ️RealWorld
β–ͺ️Overtime sports
β–ͺ️Chipper Cash
β–ͺ️Arrived Homes

P.S.: Venture investments are actively developing, and we are ready to help this. PitchCamp is a venture game project, which is going to invest in 5 startups coming from this Telegram-chanel by the end of this year. Submit your ideas.
We are waiting for you at the first webinar tomorrow 19.08.

Best regards, PitchCamp team.
#BusinessEducation
TOP-10 qualities for a good startuper

A startup is promising, interesting and comes with a lot of difficulties that the founder must cope with. A startup must have a set of qualities that will help him withstand tests with flying colors. Check if you have these qualities.

βœ”οΈSustainability
In the process of implementing an idea there are many reasons for stress. After every hard day you must be ready to return to the previous state and fight on.

βœ”οΈA wish
The desire to do something new and to be realized will help you find the energy to promote the project.

βœ”οΈOptimism
On the way of a startup mistakes, troubles and outright failures await. Faith in the result is necessary in order not to give up.

βœ”οΈClarity and sobriety
If you cannot soberly evaluate your product and measures to achieve the result, you will not be able to find mistakes and fix them.

βœ”οΈEmpathy
To effectively interact with a team you need to understand its needs, desires and motivation. You also need to have a well-developed empathy to make the product that your client really wants.

βœ”οΈPerseverance
For a detailed study of a project sometimes it takes hours to deal with one task.

βœ”οΈOpenness and honesty
This quality helps to build trusting relationships with clients, partners and investors. It's always nice to deal with what you know everything about. Also, openness will help to establish effective team work.

βœ”οΈAdventurism
Starting a new business is always risky, but you have to be willing to take the risk, change direction completely, do something that no one else has done before.

βœ”οΈLove for people
If you sincerely care about the implementation of your team, partners and clients, you will be much more responsible for the conditions that they can receive. In a comfortable environment and in their place, employees will bring you maximum results.

βœ”οΈHunger
What you have achieved should not be enough for you. There is always room for improvement. This is the look that makes a good start-up stand out.
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#BestIdeaReward
Launch in 15 minutes

Based on the voting results we contacted 5 race leaders. Now they have a chance to compete for the main prize.

We are waiting for you at the webinar! Record will be available.

Best regards, IdeaFactory Team.

Web link:
https://us02web.zoom.us/j/83780613244
#PitchYourIdea #WeeklyReward #WeeklyWebinar #BestIdeaReward

πŸ”₯Wow! Have you seen it?πŸ”₯

The first #PitchYourIdea webinar with the best business ideas from our subscribers took place!

Advisor of #PitchYourIdea Sergey Sevantsyan is an International Public Keynote Speaker, Blockchainer, Advisor, Investment Relations & International Community Relations Manage. He presented PitchCamp to our subscribers.

#PitchYourIdea is a weekly webinar with reward for best business idea $ 500 - $ 5 000. All participants get private meetings with our experts. For the first webinar we have considered 67 your applications and selected 10 of them to organise voting among our subscribers. You’ve chosen 4 best ideas which were presented today.

Presented ideas:

1. Β«A platform that allows business owners whose business is offline to go onlineΒ» by Sagar Kanojia, India.

2. Β«Development telegram bot for corporate useΒ» by Jey, Portugal

3. Β«Language course: 2 students, who are different language speakers + tutor, who teaches both languagesΒ» by Alex, Singapore

4. The winner of our competition is Kahsu Abera. He gets 500 USDT and private zoom-meeting with our expert. Congratulations to Kahsu Abera!

His idea is to create a platform for organising hybrid events, live streaming and selling tickets to aforementioned events and streams. The project is intended mostly for the African audience and for people who take interest in the culture of Africa. This venture is the first of its kind, and therefore it has no real competition on the market. Expected revenue sources are: sponsorships, commissions, ticketing, paid subscription and premium content.

Webinar recording:
πŸ‘‰ https://www.youtube.com/watch?v=es5oA2aq8-w

More information about contest:
πŸ‘‰ https://telegra.ph/Welcome-to-PitchCamp-08-20

Application form:
πŸ‘‰ https://forms.gle/vAhK7ETzRBMRTjpc7

Webinar presentation:
πŸ‘‰ https://telegra.ph/PitchYourIdea-webinar-08-20