The Intricacies of Selection: How One Studio Chooses its Startup

Every startup studio has a fundamental question to answer: how do we select the startups we'll be nurturing and investing in? ??

At One Studio, the selection process is not just about finding a groundbreaking idea or a disruptive business model, but also about identifying passionate and committed founders who are eager to make a difference.???

What We Look For

When it comes to the vetting process, many factors are taken into consideration. Beyond the business plan and its feasibility, we value the human aspect of every entrepreneurial journey. Here’s what stands out for us:

The Passion: Is the founder passionate about the problem they're trying to solve? Do they have a deep connection to the mission? Passion fuels perseverance, a crucial trait in the face of inevitable startup hurdles. ??

The Commitment: Startups require a great deal of effort and time. We look for founders who are prepared for this commitment, demonstrating resilience and dedication. ???

The Dream: We are interested in founders who dare to dream big. The ones who are not just looking for a quick exit, but are aiming to create impactful change in their chosen industry. ????

The Growth Mindset: We value founders who are open to learning and improving - those who view every setback as an opportunity for growth. ????

The Process

Our selection process is meticulous, aimed at ensuring a mutual fit between us and the startups we engage with. The process usually consists of several stages:

Initial Screening: At this stage, we assess the basic criteria such as the business idea, its market potential, and the backgrounds of the founder. ????

Deep Dive: If a startup passes the initial screening, we delve deeper into their business model, market research, financial forecasts, and the skills needed for creating the founding team. ????

Personal Interviews: This is a critical part of the process. We meet with the founders to understand their vision, passion, and commitment. We also assess their ability to pivot, adapt, and cope with the pressures of a startup journey. ?????

Final Review: In the final stage, we carry out a comprehensive review before making a decision. This involves discussions among our team members and sometimes, seeking external expert opinions. ????

Due Diligence: Once the process of initial validation and interviewing is over, we move forward to the due diligence stage, which is the last step to take to ensure a healthy relationship between the studio and the founders. ?????

Done with that? now we get into the process of nurturing the idea itself, but that's for another post. ??

Why It Matters

At One Studio, we believe that by choosing the right startups, we are not just investing in businesses, but we are investing in dreams and the people behind them. Our selection process is not just about minimizing risk, but about maximizing potential - the potential for success, for learning, and for making a genuine impact. ??

We're passionate about what we do because we've seen first-hand the extraordinary things that can happen when the right people come together with the right idea. We remain dedicated to choosing startups that align with our vision and values, contributing positively to our shared entrepreneurial ecosystem. ??

As we continue to evolve, so too does our selection process. We're constantly learning from our experiences and looking for new ways to identify the changemakers of tomorrow. After all, the core of a successful startup studio lies in the startups it chooses to cultivate. The intricate art of selection at One Studio is an ongoing journey, one that we are committed to perfecting. ????