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Participants arrive (with or without startup ideas) and a facilitator leads the group through dedicated brainstorming, preliminary pitches/feedback, and team selection modules. Some teams work late into the night and others prefer to rest up in preparation for day 2.
Customer discovery (teams exit the building or hit the phones and talk to potential customers), structured mentorship, intermediate pitches and feedback sessions. Day 2 places heavy emphasis on business model generation.
Continued execution (including pitch workshops) leading into final pitches/demos to an esteemed panel of mentors and investors!
It’s great if you have an idea for a business, but you don’t have to have one. What you do need is a desire to learn about the startup process, and a willingness to get your hands dirty.
It’s a challenging three days, but you know what they say: Pressure Makes Diamonds.
What does the weekend look like? You and the other participants will start a company over the course of three days. We cater food, drinks, snacks, and coffee, pick the best ideas for a startup during the day 1 brainstorming session, and release a minimal prototype by the end of day 3. The goal is to build enough momentum among a network of motivated people to sustain the company beyond the weekend.
If I participate, what do I get out of the program? The worst case scenario is that you will work with brilliant people from numerous disciplines and other universities toward the goal of launching real companies and products. Great connections happen at a 3 Day Startup: cofounders meet, complementary skill sets collide, and friends are made. The best case scenario is that you will be a cofounder of a wildly successful new startup.
What kind of ideas are allowed? Ideas with scalable business models are strongly preferred. We also optimize for ideas that will require a strong software base. Our selection criteria for ideas are (1) your amount of passion and (2) the amount of research on your own idea that you perform before your interview.
What about food? Sleep? 3DS caters all meals, drinks, and in-between snacks. Sleep is optional. Participants can bring a sleeping bag, or they can go home to rest.
What is your rate of success? First of all, check out some of the companies that have been started by graduates of 3 Day Startup here. Our main metric for success is how many of our alumni found companies that take investment, generate revenue or enter accelerators. It is common to hear the word “startup” get thrown around. When we say startup, we mean the real thing: companies that are making money or taking investment.
Per program, 3 Day Startup result in more successful startups than any other weekend entrepreneurship event. We have run 200+ programs in the US and internationally, and those have given rise to 79 companies that have cumulatively received over $79 million in funding. 29 companies from 3DS have been accepted to accelerators such as Y Combinator, Tech Stars, 500 Startups, Capital Factory, Austin Technology Incubator and Dreamit Ventures. On average, each 3 Day Startup program has generated more than one successful startup. This includes programs in mature and nascent entrepreneurship ecosystems.
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