In this stage, we aim to identify (with a high level of probability) that there will be  a mutual fit between our goals , your idea and approach. In order to do that, we request you to articulate the idea by filling up this form. We also request that you read our partnership approach and terms. It serves to  share our thought process and working terms with you. 

‍Timelines? Once we get your application form, and we at build3 feel that your goals align with ours we’ll schedule a meeting with you. We’ll typically get back to you within 2 working days from the date we receive your application. 

During this stage of the process, we are looking to dive deeper into topics that are deemed to be current opportunities or challenges by you, through these discussions we will populate our above mentioned 4C framework. We will probably meet with you 2-3 times (in-person/ online) to understand your journey, business plan, challenges and deep dive where relevant, showcasing what value we can provide through your startup journey. Due to our uncommon approach, we have found that founders want to discuss details of our partnership, we typically schedule a conversation to focus on our working relationship (financial and operational) at this stage. 

If a strong fit is felt between the frontline build3 team members and the founder(s)we will request you to create a business plan & financial model, followed by a meeting with the rest of our team and share on the terms (of course post due diligence) and create a validation budget with an action plan to start building your idea.

‍Timelines? In our experience, this stage usually closes in 4-6 weeks. But it all depends on how fast you can drive this.

This stage is where we truly start working together as a team, it typically lasts for 12 months. During this stage we provide the first 10% of our commitment immediately and the remaining 90% after ~2 months. At that point we do a reality check to ensure our partnership is progressing well both from an achievement (execution of mutually agreed goals, and market acceptance of our product/service) and compatibility perspective. During this stage process we will provide the first 10% of our commitment immediately and the remaining 90% after 2 months, once we have proven we can work together AND achieve goals mutually agreed upon (execution and business model validation oriented)up to 10% of your capital requirements. The idea is to check 1) if we can work together and 2) if the market wants what we are selling. Post validation, we get into some serious building!

‍Timelines? Validation is a 6-8 week process post which building is our lifetime partnership ❤