Frequently asked questions
Below are some of the questions people often ask us during the selection process.
What is the six month program like?
The Antler program is different in every location so please check each location page to find out the specificities for that location. In general the Antler program is divided into two phases. Phase 1 is dedicated to finding a co-founder, validating your ideas and starting to build your business. At the end of this phase, teams present to our Investment Committee and those that receive an investment continue to the next phase. Phase 2 is an acceleration track where you will use Antler funding to get enough traction to raise your seed round. Throughout these 6 months, we offer dedicated coach from our team and access to our global network - we bring in successful entrepreneurs, industry experts and advisors to host masterclasses that will help you thrive in your entrepreneurial journey.
What does a day in the program look like?
During Phase 1, your week will be relatively structured with masterclasses, advisor meetings and hackathons. After you find your co-founder(s), most of your days will be spent ideating around industry problem statements and business models. In Phase 2, you will build and grow your business full-time. We will help you as you build your MVP and get your first customers.
What type of support can I expect from Antler?
You will have access to masterclasses and resources on how to build and grow your start-up, a grant to cover costs during the first two months as well as pre-seed funding if you gain enough traction. But the most valuable support will be our network of advisors, venture partners and industry experts as well as the Antler team and the community of founders.
Do founders receive a grant?
In some locations, during the first two months, you will get an individual grant to help cover your costs. If your team secures funding during IC (Investment Committee) and proceeds to Phase 2, you will get an investment into your company. It is then up to the founders to decide how to allocate these funds.
What is the typical background of other founders in the cohort?
We welcome the most exceptional people from diverse professional and geographical backgrounds. We bring together experienced operators, technologists and serial entrepreneurs to build their next companies. Each cohort typically has around 30 different nationalities represented and our founders have 9 years of work experience on average. Moreover, 40% of our portfolio companies have at least one female co-founder. Our founders are tech, business and research professionals who can sell or build a product. They excel in fields including software engineering, business development and strategy, data science, etc.
How does Antler facilitate the search for co-founders in Phase 1?
During the Phase 1 at Antler, you will have the opportunity to meet between 60 to 100 exceptional individuals from both tech and business backgrounds, all passionate about building a successful startup. You will have the opportunity to ideate and test your skill sets and working styles with them - through hackathons, for example.
Although we emphasise complementarity in skill sets and guide you in your search for the perfect co-founder, Antler won’t impose co-founding teams.
Do I have to team up with co-founder(s)?
Yes, every company we fund needs to be at least two co-founders. In the case where you don't find the perfect partner in the cohort, we encourage our founders to find a co-founder outside of Antler.
Does Antler provide business ideas?
Our industry partners may provide problem statements they would like to solve, and the Antler team and mentors will help find the right area and business model to work in, but we don’t believe in providing ready-made ideas for you to work on. Ultimately this will be up to you and your co-founder(s)!
What if I don't find a co-founder in Phase 1 or receive funding?
Anyone who joins Antler to build a company becomes part of the Antler community. We keep relationships and support Antler alumni in any way we can via our network, whether you’d like to continue your entrepreneurial journey or jump back into working for another company.
What happens in Phase 2?
During Phase 2, you will be using Antler’s funding to execute on your idea, build a first version of your product, onboard your first customers and get enough traction to raise a seed round with external investors, all with the help of the Antler team and advisors.
How is Antler different from other accelerators?
Antler is not an accelerator, we come in before that. We focus on selecting and helping build a strong co-founding team, rather than a specific industry or startup idea.
At Antler, we identify exceptional people and help them succeed in founding and scaling great companies. We help entrepreneurs from day zero – before the company is founded. Accelerator programs support companies that are already established. Participants who join Antler’s cohorts have the opportunity to join accelerator programs after Antler.
Which industry or sector does Antler focus on?
We are vertical agnostic and look to invest in fast-growing companies with a strong regional or global potential. We welcome a wide range of companies across industries. Most companies have a tech component - e.g. utilizing machine learning, blockchain or IoT technology - in industries such as healthcare, fintech, property tech and more.
What is Antler's culture?
What do you look for in founders?
We accept applications from all geographies and backgrounds. There are no minimum requirements other than age (minimum of 18 years of age). We look for people with:
You're a self-starter and can motivate yourself and others to join your mission. You set high goals and have proven to achieve them.
That strong attribute which enables your skills and experiences to stand out from the crowd. You have deep knowledge in an area where you can form a foundation of your company's competitive advantage.
Your source of energy never runs low. You always find a window when the door closes. You have the willingness and ability to keep going when you're faced with obstacles.
Do I need an idea to join Antler?
No, you don't. Some founders have a clear idea of what they want to build, however, most join us with areas of interest and expertise. Phase 1 is spent developing ideas and connecting with the right co-founders.
If I have an idea and a team, am I still able to join Antler?
Yes - you can still join us even if you already have a team. You should apply individually and mention your team in the application. However, we encourage all founders to keep an open mind once you join and consider the opportunity to work with other innovators on other great ideas.
What is the selection process?
The selection process varies in every location but here are some of the steps you may be able to find during the interview process.
Screening call: Some candidates will be invited to a quick screening call to get to know you better. During this stage, we will learn more about your passions, ambitions and overall drive and values.
Problem solving test: After submitting your application, you will be invited to do a quick 30 minutes test. The test gives us an overview of your quantitative and logical reasoning as well as problem-solving skills.
Final interviews: Once you’ve made it to this stage, you will meet with the Antler team in person and some existing founders before being given a take-home case study to solve. During the two 45 minutes interviews, the team will assess you on the dimensions mentioned above, drive, problem-solving skills and spike. To prepare for this step, it's helpful to think through the previous roles and experiences that helped shape your career so far. In particular, we're interested in learning more about specific examples where you were faced with difficult challenges and how you resolved them.
Offer: Your journey begins – welcome to the Antler family! We will get in touch with you on the next steps needed to confirm your offer.
Can I apply to multiple regions at the same time?
Yes – you can apply to any region and you can apply to multiple regions using the same application form.
How does your due diligence process work?
Antler completes on average over 400 hours of due diligence prior to investing in a business. From the moment founders apply to our platform, through their process of team development and business validation, all the way to the Investment Committee, Antler, as a team, undertakes extensive research before making an investment decision. This includes background checks, patent investigation, character references, observing, coaching and evaluating each founder, team and business idea throughout the various stages of their time with Antler.
What does Antler's investment terms look like?
If your team secures funding during the IC (Investment Committee), you get an investment into your company from Antler. The exact amount varies depending on location, it's roughly about US$ 100,000 for a small equity stake in your company. In some locations we have a program fee that covers some of Antler's costs associated with office space and resources provided by Antler. This includes access to our global network of entrepreneurs, investors and industry experts, as well as coaching by the Antler team, venture partners and advisors. We also provide partner benefits to our portfolio companies (e.g. discounts and credits for services offered by companies such as Google, Amazon, Paypal, etc.).
We don't need funding, can we still get your advice?
If we have the time, we're happy to meet you for a coffee and share our advice. But you can't be part of our cohort if we can't invest in your business.
Can I negotiate the equity during Phase 1?
No, when you decide to join Antler, you also agree to our investment terms. We have the same terms for all companies.
How much can I expect to raise after demo day?
After demo day you will be raising a seed round with external investors and as such, there is no standard. Round size will depend on the potential investors see in your start-up. Typically we see seed rounds sized between US$700,000 to US$1 million.
We have already raised funds, can we still apply?
Yes, you can still apply. Most companies are built once people join Antler, but great founders with an existing business in the early stages can still apply to join us.
Why does Antler take equity in the companies?
We invest into your company, and for that investment amount we get a small share of ownership. Co-founders retain the majority of their company.