💡 Alliance’s acceptance rate was 1.1% for ALL10; you compete with many hundreds of highly qualified teams. Here are our recommendations for standing out.
- When writing your application, what's crucial is to take your time and think deeply. We can identify when an application is completed quickly and without care rather than well thought out and structured.
- Help us quickly understand what you do. You'd be surprised at how often, after minutes of reading an application, we're still scrambling to understand what exactly the company does. Typically that happens when founders avoid direct comparisons (e.g. X for Y) or try to paint too grandiose of a vision for what exactly they're building.
- We select and invest in founders first. One pattern we've observed in great founders is the ability to express ideas with a high ratio of signal-to-noise. Strive to communicate a lot with as little words as possible. After finishing your first draft, we recommend cutting aggressively. Try to communicate the same information with 50% of the words. Look out for places you may have used jargon and unnecessary adjectives. This will make your application much easier to review and thus increases your odds of getting an interview.
- In the same vein, avoid using generalities. Weak applicants typically have a lot of “fluff” in their application. Strong founders use precise numbers and facts. All Web3 startups will say, for example, that they're building great products or “giving back” ownership to users. If a statement can be said by any Web3 startup in the world it typically won't help you stand out. Focus on statements that differentiate your application and back them up with facts.
- Try to teach us something new. When reading applications, we get excited when we learn something new. It could be a new problem we hadn't thought about. Or maybe an interesting customer behavior. You might have figured out a new way to solve a problem that we feel is unique and innovative. Whatever that is, typically founders we accept into the program are able to change our view of the space or of what's possible.
- Get a referral (as mentioned in the previous answer). We trust the judgement of our alumns and DAO members. If you can convince them that you will succeed & get them to formally refer you through our community platform, your odds of admissions will increase.
- If you do get an interview, come prepared. Read the “Alliance Interview Guidelines” when we send them to you. Arrive on time. Avoid long tangents. Make it conversational. Have answers ready for questions you'd expect us to ask. The interview won't go according to your plan – but we can see the teams that actually put in the effort beforehand vs. the teams that are winging it.
Want more info? check our deck for founders:
Founder Deck Alliance
💡 If you are ready to apply, go here: https://alliance.xyz/apply
💡 For inspiration, go to: https://alliance.xyz/ideas