Firmhouse - Issue #55

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Firmhouse

August 25 · Issue #55 · View online

We build businesses that last. Every other week we share our favourite reads on design, innovation, startups and corporate innovation. We announce our latest meetups and events.


Summer has passed and Firmhouse has been working hard to prepare for some exciting months ahead. We’d like to share our best reads from our blog as well as an update on our Venture Lab program.

Venture Lab - Update
We’re on track to launch our Venture Lab program this Fall. Our Crash Course week is scheduled to start on September 25. 
Applications are coming in and we’ve held the first interviews with possible candidates. We are still accepting more applications. The deadline is 11th of September. Apply here: 
We’ve held two meetups so far in which we explained things in detail to people who are interested. Here’s an FAQ:
Is this program for startups or entrepreneurs?
This program is for entrepreneurs, not entire teams. We’re looking for people with an idea and are at a very early stage with that. It can be that we take in a founder who already operates in a team. This is fine.
We’ll select up to 8 people to participate. These participants will receive 1200 euro monthly as runway to develop their plans full-time. 
What kind of people are you looking for?
Entrepreneurs and makers with a learner’s mindset. Our added value is in the software industry, so coders, designers and sales & marketing people have our preference. We prefer people with multiple proven skills. 
Can I work on my idea?
Yes you can. We’ll teach you how to figure out if this idea is worth your time and whether there a variations of that idea which are perhaps better. We aim to avoid the biggest reason for startup failure - no market need. See our blog post at the Good Reads section - One Idea, Multiple Versions.
What can I expect from this program?
We place the 7 Domains model from John Mullins front and center and work of the thesis that the root cause for failure is the team and their mindset towards customers and learning. Our experience coaching hundreds of startups have thought us that an incomplete team with the wrong skills and/or lack of commitment of founders limits the chances of success. Our program encourages team formation between participants as well as outsiders. We help you by teaching you how to learn from customers and validate stuff before committing to something more serious. We do that by hand-on mentoring 
What happens after the program ends?
We invest 50.000 euro in teams with a B2B software proposition who have acquired their first customers or are very close at doing that. 
However, we expect that not all participants want to take up that offer or have made that kind of progress. Participants are free to do as they please and take whatever they’ve built during the program with them. 
Read more about it here:
Good Reads From Our Blog
One Idea, Multiple Versions – Firm Builders
Practicing what we preach — Why we’re building a new business. In public.
The next Steve Jobs is probably a woman not from Silicon Valley
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