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David Blumenstein, co-founder of The Hatchery explains what they do and how they help start-ups.  The Hatchery provides resources for start-ups unlike any other organization we’ve seen to date.

The Hatchery provides a unique funnel for New York innovators to interact with investors, present their plans, receive expert feedback, and pave the way for them to receive funding. At the heart of our model the Gauntlet, an interactive process that gives entrepreneurs a forum to present their strategies to a range of investors.

David’s top pieces of advice for start-ups

1. Know what you are doing inside and out

2. Be able to succinctly state what your business is & does within 10 seconds

3. Understand math, make sure that your numbers track.  When you are asking for money, know where that money will be spent.

About The Hatchery:

One of the key reasons why Northern California is a hotbed of technology innovation and investment is that there is a culture of collaboration, even between groups that could be seen as competitors. In contrast, New York’s approach is far more ‘cutthroat,’ meaning that organizations often work against each other out of habit. The Hatchery is breaking this mold by fostering an environment in which innovation can thrive. As a result, we have forged a real bond with entrepreneurs and investors who trust us as an impartial forum for them to meet and build the connections they need to grow.

Mission Statement:

The Hatchery was founded in 2007 on the fundamental principle that all technology companies have the right to access business experts and leading-edge information. We believe that New York City is the best place for innovation, communication and finance to create a leading national technology hub.