I had the privilege of meeting Micah Baldwin of Lijit at the Techstars Chicago Meetup last week. He was fun to talk to and offered some good advice about what Techstars would be looking for in a promising startup.
He was nice enough to send a follow-up e-mail today encouraging me to apply. I’d love to, but after thinking about it quite a bit I’ve concluded that we’re not quite ready. Two main reasons. First, our market is small enough (remember the title of this blog!) that I think we need some customer traction before we’ll be taken seriously and have a chance of being accepted. Second, we’re just not financially ready to quit our jobs and live on ramen money for the summer in Boulder.
In another year, we’ll probably either be squeaking by with just enough revenue to stay afloat, or have started to see some real adoption. Either way, Techstars would still be highly relevant to us and we’d be more ready to stand out from other highly-qualified applicants.