Frequently Asked Questions
How much time should I expect to invest while involved in the program?
VentureSCALE’s 6-month program consists of ten, 1/2 day classroom sessions that meet every other week with a month off around the holidays. There are also 2-3 “Learning Lunches” that will last roughly 90 minutes, all immediately following a classroom session. Finally, time will be spent meeting outside of the classroom with the VentureSCALE executive team and mentors on an as needed basis.
Does VentureSCALE take equity in my business like most other accelerators?
No. VentureSCALE was built on the premise that the program should be extremely “Founder Friendly.” Our desire is to fill in a glaring gap by providing entrepreneurs with the knowledge, resources, tools and thought leadership necessary to build a sales infrastructure - all at about the cost of around one month's salary for an average Director of Sales.
Is there any ongoing support provided after the formal program is over?
Absolutely. One of the long lasting values of VentureSCALE is the ongoing relationships and support provided by our community of facilitators, mentors, investors and influencers. In addition, all cohort companies will be given a complimentary 6-month membership to Sales Assembly (VentureSCALE's parent company). This will provide access to many of the programs, resources and perks that companies like Sprout Social, Jellyvision, ActiveCampaign and G2 Crowd leverage to further develop their sales and customer success teams on a daily basis.
Who facilitates the sessions?
VentureSCALE’s sessions are facilitated by Chicago’s foremost experts in their respective fields (our Entrepreneurs-In-Residence). These are men and women who not only have expertise in the field, but have successfully built teams and organizations dedicated to the core skill topics they're responsible for during the program.
What types of companies are accepted into the program?
VentureSCALE was built to cater to Chicago’s most promising, early stage tech companies who have already generated some level of traction. As such, the common characteristics that one is likely to see with companies that are accepted into the program include:
$250,000+ in outside capital raised
Currently generating at least $20,000 in MRR (Monthly Recurring Revenue)
The CEO / Founder has demonstrated to have a learning mindset
B2B tech/SaaS business
A team already in place, in addition to the founders