FAQs
Entrepreneur #
¿Cuál es la idea detrás del Mercado de Mentores de VC4A?
How to get a mentor for my business? How to connect with Mentors?
1- In order to apply for mentorship, startup founders with existing VC4A venture profiles can access the mentorship marketplace from Explore tab > Mentorship Marketplace
Or using a direct link: https://mentors.vc4a.com/
2- Follow Request Wizard 1 – 3 to create a complete mentorship request:
All mentorship requests are screened and reviewed by a VC4A admin to ensure quality and compliance before getting approved.
Once your request is approved, It will have Active status.
The request will be automatically sent to the selected mentor who will either accept or reject it.
Please allow some time for the selected mentor to review and assess your request before accepting the relations.
Can I use the mentorship marketplace to find investors?
The VC4A mentorship marketplace is not designed for direct fundraising. However, the wide pool of mentor profiles can offer the proper insights, knowledge, and experience that entrepreneurs can leverage to tackle business challenges, structure their business models, and improve their ability to execute and achieve business objectives which can increase the company’s chances of success.
Here are some tips and tricks you can use to promote your venture and attract funding through the VC4A platform.
1) Make sure your venture profile is complete featuring your logo, cover image, and an accurate description.
2) Do you have a pitch video? Add this to your venture profile as a great way to introduce yourself as an entrepreneur and your business.
3) Have you added links to your startup’s social media profiles (i.e. LinkedIn, Facebook, Twitter, Instagram, and YoutTube)? This is a great way to keep people up to date on your activities and gives them a chance to learn more about you.
4) Make sure you are sharing the latest news and developments in the update section and traction tab. Let people know what’s happening and allow them to follow your adventure through the good and bad times.
5) Check out the documents tab on your venture profile. Have you uploaded a pitch deck or other documentation that helps investors understand what you are working on? Add a copy of your business’ certificate of incorporation or any other evidence that shows you are serious.
6) On your venture profile, you will see a short URL you can use to promote your venture profile across the web. Also, you can tweet your venture profile. Leverage these functionalities to get the word out!
7) Start fundraising for your startup on your venture profile to get featured on the platform and gain more visibility amongst the investors on VC4A.
How to draft an ideal mentorship request?
As the VC4A team screens tens of mentorship requests by founders and business owners every day, we try to reduce delay/rejection by recipient mentors as much as we can. Therefore, we advise following a specific order and request structure to ensure a smooth intro to the mentors and get a quick reply to your business needs. Please see the example and guidelines below:
Introduction to mentor
Why do you want this mentor?
See example
Dear Jack, I reviewed your profile and I’m very interested to speak with you about my business and explore the possibility of receiving your mentorship. Especially your experience in my home market as well as your deep understanding of fintech solutions make me convinced I can learn a lot from you and I think you’ll be excited about our startup and the progress we have made to date.
Problem
Introduce your business and explain the challenge you are facing. What steps you have taken to try and address this challenge.
See example
The startup I founded is named ‘Eluda’. We are solving the problem small businesses in Central America are facing to receive payments and get access to credit to stock up when they are low on cash. The challenge we are facing is mainly around access to the market, where we have a modest budget and small team to reach our prospective customers.
Request
Explain the request you have for your prospective mentor. What steps you have taken to try and address this challenge.
See example
We have tried setting up a referral model, but it hasn’t given us the results we were hoping for yet. We are looking for a mentor who has experience with building brand presence and converting customers via (referral models or other) organic ways of growing the number of customers in the sales funnel.
How to find the right mentor for your business needs?
VC4A understands that selecting the right mentor is essential for a successful mentor-mentee relationship. Having a mentor from the same industry vertical and in your startup’s specific area or focus country/region will help you understand your business’s troubles and give you proper guidance to grow the startup and could be a valuable resource for your growth as an entrepreneur.
Use the filter option in the mentors’ database and select one or more terms available in the list to find the right mentor that caters to your business needs, including:
- Mentor type
- Venture stage
- Language/s
- sector/s
- Location (country, continent, or region)
- Topic/s
* be aware that some of the listed mentors are offering paid mentorship sessions that vary according to the mentor’s background, experience, and availability. You can find the exact amount on the top side of each mentor’s profile. Read the following question for more details on paid mentorship sessions.
How to pay for my mentor for paid mentorship sessions?
While many mentors on the VC4A Mentorship Marketplace offer mentorship free of charge, some choose to get paid. Both free and paid mentors will offer the first call/session with the founder free of charge. This session is meant to get to know each other and clearly assess the business request before moving forward in the mentorship relationship. You can select and agree on your preferred payment method with the selected mentor during or after this call.
Disclaimer: Please read for more:
Currently, VC4A doesn’t charge any payment fees for using the mentorship platform or offering mentorship for entrepreneurs and the platform’s current infrastructure doesn’t support adding a payment method. We will keep you notified once the feature is there.
Therefore, it is the entrepreneurs’ and mentors’ sole responsibility to agree on the most appropriate and safe payment method they prefer to use. The platform is open to any mentors or founders, hence, we can’t advise on which payment method to use.
How many mentor requests can I send?
You can send up to 3 requests to 3 different mentors at a time. If you have different issues that you need support with, you can send the requests to mentors that you think have the expertise to address them.
Mentor #
¿Por qué mentorear a través de VC4A?
¿Cómo convertirse en mentor a través de VC4A?
¿Cuántos días pasarán hasta que se apruebe mi cuenta de mentor?
¿Qué se espera que haga como mentor/a?
- Ofrecer orientación para los fundadores de negocios emergentes.
- Construir tu marca personal en el ecosistema local y regional encontrando una forma rápida y efectiva de activarte.
- Interactuar con fundadores interesantes y aprender sobre nuevos mercados y modelos comerciales para ayudarlo a crecer aún más como experto en la industria y los negocios.
- Mantener control. Habilidad para decidir quién, cuándo y cómo.
- Establecer tarifas y recibir pagos por el apoyo brindado a empresas en etapa de crecimiento y etapa madura. La mentoría para los fundadores de la etapa de idea y puesta en marcha se ofrece de forma gratuita.
- Ser considerado para futuros compromisos (del programa) con VC4A y socios asociados.
- Obtener acceso exclusivo a algunos de los eventos empresariales y días de demostración de la región.
¿Qué tipo de startups puedo mentorear?
¿Cómo recibo solicitudes de mentoría?
¿Dónde puedo encontrar solicitudes de mentoría entrantes?
¿Qué es la lista de verificación de la mentoría?
¿Cuánto debo cobrar por las mentorías?
¿Puedo establecer mi disponibilidad en la plataforma?
¿Cuánto cobra VC4A por las sesiones de mentoría?
¿Cómo recibiré el pago de mis sesiones de mentoría? ¿Cómo funciona el pago?
¿Mi mentee tiene algunos problemas con el pago? ¿Qué tengo que hacer?
El fundador no se presentó a mis llamadas ni respondió a mis comunicaciones.
Estamos ofreciendo servicios a los emprendedores además de la mentoría. ¿Cómo promocionar estos servicios a las startups?
¿Cómo agrego a otros miembros de mi organización como mentores?
How to properly structure my mentor profile introduction?
You can use your mentor profile to showcase your motivation, experience, and why you want to mentor startups on the marketplace. Feel free to include in your introduction; sectors you are interested in, startups phases you want to support or/and commitment you want to offer.
Here’s an example on a mentor introduction:
Hello, my name is Sarah.
I’ve been building a social media company and a payments solution over the past 15 years.
I’m interested in Africa and Latin America as I believe these are the most exciting startup spaces on the continent right now.
I’m looking to support early stage startup founders in their set-up phase, as I believe mentors can add the most value then. I’m also seeking to support early growth ventures seeking to plan and tap into their specific sector with strategies that will guide promoting, engaging marketing campaigns, stakeholder relationships, brand identity, and ensure continued improvement across all business lines.
My interests are fintech, social media platforms and anything related to Web3.
You can use this template as a guide or create your own.
How to properly structure my mentorship motivation statement?
A motivation statement will help mentees understand what drives you to be a mentor and the impact you want to make through mentorship.
Here is a sample below that can help you to craft your motivation statement:
I would like to support founders with the knowledge and skills I have gained over the years to help shorten their learning curve. I want to give back to the startup community by helping innovative founders build strong teams and profitable businesses.
You can use this as a guide to create your own motivation statement.