How Worthworm works with Incubators-an interview with Jeff Saville
Business incubators are organizations geared toward speeding up the growth and success of startup and early stage companies. They’re often a good path to capital from angel investors, state governments, economic-development coalitions and other investors. The stable and nurturing environment of a business incubator greatly enhances the chances of success for early-stage companies.
Jeff Saville is a certified incubator manager of the National Business Incubation Association, and the Executive Director at the Center for Entrepreneurial Innovation. See what Jeff says about Worthworm, and how Worthworm works with business Incubators.
“Here in CEI, we choose to partner with Worthworm because our clients are
always challenge to figure out what their company is worth. When we saw
the Worthworm tool, we choose to really dive deep into the technology behind the tool,
and make sure its relevant to our clients.
What we discovered is, it allows our clients to come up with what they think their
company is worth, and share their vision and their worth to the investor.
Once the investor comes in and looks at their profile, it mitigates the confrontation
between the entrepreneurs and the investors.
Here in CEI, we believe in Worthworm so much that we actually make it a requirement of our program.
So as we bring in new clients into the program, we require them to go through the process. What so exciting
about this Worthworm process is that it really gets our clients/entrepreneurs to really think from an investor’s
point of view, which is so important to go out and seek fundings.”
Curious about how much your venture could be worth? Or looking for a world-class teaching tool? Or are you trying to do due diligence on potential deals? Then try a subscription to Worthworm, and let us help you.