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Becoming an entrepreneur can be daunting and often full of risk and unknowns. Founders can experience a wide array of problems including finding the right co-founder, validating their idea, or a clear pathway to capital. Antler Australia’s residency provides founders with a structured residency, de-risking the entrepreneurial journey.
Here is the rundown of Antler’s residency structure and what founders can expect at each stage.
1. Pre-Residency
In this initial stage, founders are introduced to others in their cohort of whom they will be building businesses alongside. This provides founders with the opportunity to network, share ideas as well as getting to know each other before the official commencement of the cohort.
2. Formation and Validation
Once the residency starts, founders enter into the formation and validation stage. This is where ideas are born and validated through design sprints and market research, as well as choosing the right co-founder to build a business with. The collaboration amongst founders allows everyone to observe working styles and provides alignments to values, fostering team formation.
3. Trackout: Pitching Your Idea
Once a team has been formed and an idea has been validated, teams will “trackout.” This is where founders pitch their idea and the co-founding team to Antler and receive feedback on their idea. If teams pass this stage, they will progress into Due Diligence. If not, teams will return to Formation and Validation with specific feedback to be addressed before they track out again.
4. Due Diligence
Once founders reach this stage, they will be paired with a dedicated coach who will support them for the next 5 weeks until their final pitch at an investment committee. In this stage, founders will be given specific feedback and traction that they need to gain for the best chance at securing investment.
5. Investment Committee: The Final Pitch
The official residency ends with a final pitch to the investment committee. Founders pitch their business to Antler and a network of investors to secure pre-seed investment from Antler. Successful pitches will receive an investment from Antler and become an Antler portfolio company, unlocking opportunity for further investment, ongoing support and a global network in which founders can leverage.
Antler’s residency is often the best pathway for founders to start their entrepreneurial journey, given the structured approach to business building the long-lasting relationships that will form during the residency.
The most driven founders are joining Antler - the world's day zero investor - to solve important problems. Apply to join Antler in Australia, or sign up here to access insights and resources to help you on your founder journey.
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