Ask HN: How to answer this incubator application question?

2 points by pabloIMO 14y ago ↗ HN

The question is: "What do you see as being the major challenges during the duration of the Accelerator?"

The correct approach is probably to suggest a possible challenge, then talk about how my team would deal with and overcome said challenge.

But what is the best challenge to talk about?

3 comments

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mattwdelong 14y ago ↗

Gaining traction. Making money.

Perhaps, even solving a significant technological challenge and how it will result in the aforementioned challenges being solved.

This answer is not based on experience, but rather my best educated guess.

hansy 14y ago ↗

Maybe pivoting? Deviating from the original idea can be a hard choice, especially if all the work up till now has gone towards the original.

I think pivoting is one of the most difficult obstacles an entrepreneur faces, not just from a technical or conceptual point of view, but also from an emotional one.

sandroyong 14y ago ↗

The other posted comments are correct. Alternatively, it could also mean just how well the co-founders communicate, cooperate, and come to a consensus on 'pivoting', how to 'gain traction' and how to 'make money'. Time is $, and how quickly you and your team can adapt to the challenges is the main challenge in the face of all other challenges. Good luck.