A practical approach to accelerating your startup from start to investment.
A few years ago, the team at BlueChilli sat down and brainstormed all the practical steps to take an idea through to Series A Venture Capital. We identified 156 things that needed be done, from incorporating a company through to hiring your first employee to raising venture capital. We wrote all these down and created a process for every single one of them - and called this 156.
The 156 program is supported by our team of Entrepreneurs in Residences (EIRs) who have experience in starting, launching, funding and exiting startups. Our EIRs mentor every startup through our program and provide guidance and advice to help entrepreneurs go from zero to one.
There are four main reasons why startups fail, we help remove these barriers through a 156 step program.
We're breaking the stereotype of what a "tech startup" looks like. Non-coding founders need to "give away" 50% of their idea to a guy in a hoodie to be considered a "real" startup. We remove this barrier by investing an entire product team into your startup, helping you get early traction and then helping you find the right team when it counts the most.
42% of startups fail due to the wrong product and 75% of tech startup budgets are spent on technology. We make it easier for you to prove your idea by lending a full stack tech team to each entrepreneur and using our ChilliSource technology framework, which mitigates scope creep, cost blowouts and misaligned idea-product.
Traction is the lifeblood of a startup, and by partnering with corporates with our innovation programs we help you get your first pilot. By starting with a corporate need on day one, we build startups that have an immediate reach with a motivated partner geared to the startup’s success.
We have raised over $60M in to our startups and over 50% of our startups get externally funded, and we invest in every single startup in our portfolio. With a network of over 300 high net worth investors, a capital raising platform and venture capital funds to invest directly in startups, we make it easier for you to raise money.