Over the past year the Neighborhood Studios team has tried many ways to engage with founders who might launch a startup with us one day.
We began with 90-minute sessions where we bring in a founder and walk through our top ideas. Then we tried a monthly session for founders to come into the studio and dive deep into a single idea on a regular basis.
Despite our efforts, we felt something was missing.
The Neighborhood Studios process is designed to explore lots and lots of opportunities and then whittle that list down to just a few over time. Viable ideas emerge from our process when a unique insight survives our internal process and we can determine the right product entry point to test.
A great deal of effort goes into our best ideas over a 6–12 month period.
Now that we have a full year’s worth of data about our process, we know that less than 1% of ideas survive our internal studio process.
Due to this rigorous internal process, it’s difficult to explain to someone outside of the studio the depth of our insight into an idea in a single session. Or even multiple sessions.
Enter our EIR (Entrepreneur in Residence) program.
Designed to immerse potential founders into the heart of Neighborhood Studios to see if there’s a good fit. If so, we can launch a studio company together. If not, no biggie — we got to know each other and we got to help a great founder along their journey.