Question 1

Who Qualifies?

Accepted Answer

This specific program is designed for existing women or non-binary led business owners that already have an understanding of their business model, target customer, and go to market strategy. If you are in the idea stage or are looking to pivot, please check out our blog, podcast and sign-up for our newsletter so you can stay informed of upcoming programing more suitable for your stage.   The companies best suited for the program are those who've already achieved some revenue, can show demand through paying customers and are ready to take their company to the next level. Companies who have raised or are making more than $1,000,000 in revenue do not qualify. We are not trying to exclude anyone but would rather focus on those who can't afford to join private networks and coaching.    The founders best suited for the program are coachable, skilled at interpreting and implementing feedback, and ready to put their full focus on taking advantage of the program, tools and resources so they can grow their business. Applicants must at least have a woman or non-binary person in the C-Suite.    We understand the unique challenges that await women and non-binary founders, especially those of marginalized identities. Even if you don’t think your company is qualified we encourage you to apply. Our program is designed to support a wide variety of founders, including first-time founders.   If you are not selected, we will create an opportunity for you to get feedback from the selection process, and if eligible, you’ll benefit from programming, resources, and support from fellow founders year-round.

Question 2

What are the Benefits?

Accepted Answer

Community and Peer to Peer Learning   If accepted, you'll join our community of successful women entrepreneurs who are building together, keeping each other accountable and learning with and from each other.     Playbook   You'll have access to boundless resources, guides, perks and opportunities.    VEST Membership   You'll also receive a one year membership to VEST, a private network of influential women uncovering the invisible barriers holding women back in the workplace and building power collectively. This membership will provide you with monthly executive coaching and will help you expand your network so you and your business can be top of mind for opportunities.    Meeting Space   You'll have access to meeting space at the Oklahoma City Thunder Launchpad.

Question 3

What is the Commitment?

Accepted Answer

You must commit to participating in five monthly Peer-Peer Advisory Board Meetings where you'll share your progress, ask for help and to hold yourself and peers accountable to your goals. These Board Meetings take place the First Thursday of every Month, starting in February 2022.    You must commit to participating in a minimum of 10 VEST monthly sessions. These sessions take place the third Wednesday of every month at 10am CT.    You also commit to engaging with peers and VEST Members so that together we can support one another and build power collectively.    You must keep all engagement and sensitive information peers share in meetings confidential.    Failure to comply with these can get your participation from the program revoked.

Question 4

What is the Cost of the program?

Accepted Answer

Thanks to our sponsors: Google, Inasmuch, the Oklahoma City Thunder and VEST, there is no cost to participants.

Question 5

How does the Selection Process work?

Accepted Answer

The application is open through January 7, 2022. We may schedule interviews with those we feel we need more information and clarity from. You'll be contacted and informed of final decisions by the end of January.

Question 6

Are Meetings in person?

Accepted Answer

Peer-Peer Board Meetings meeting locations would be up to you and the colleagues you are matched with. All of the VEST Sessions are virtual because we understand, now more than ever, women need flexibility.    From time to time we may hold optional in-person meetings.

Question 7

Can I join even though I Live in _________?

Accepted Answer

Yes! Most of our offerings are done via an online community, so as long as you meet the criteria you can join from anywhere in the U.S. Just please keep in mind that certain benefits may not be available in your area.   You can access our playbook and VEST Sessions from anywhere. For the Peer-Peer Advisory Meetings, we would match you with others who'd rather meet virtually.

Question 8

Can I Talk to someone about the program?

Accepted Answer

If you have additional questions not listed on here, please send us an email at: info@stitchcrew.com   Given the amount of requests we receive, we are not able to schedule meetings with everyone but we will try to respond to your email in a timely manner. Thank you for understanding!

Question 9

Do I need to be a Tech or a Venture Backed/able Company?

Accepted Answer

No.    Regarding Tech. You don't need to be a Tech company but you do need to be a PRODUCT company. In the case of services, your service must be productized (or on the way to becoming productized) in order to apply and be accepted into this program. This means that you can deliver the service without relying on person-hours to serve each individual client. This generally requires building software to automate services.   Regarding VC. We care to support big and bold entrepreneurs who want to compound growth. How you fund that growth is up to you. In fact, part of the program is to expose you to all the different types of capital available to entrepreneurs so you can find the right one for you. We also want you to help us come up with new ways to create more right-sized capital for women, non-binary and BIPOC founders.   I'm new here, what the hell is Venture Capital? Different people have slightly varying definitions, but the general consensus is that a company is designed and intended to scale — in other words, to grow its revenue substantially and relatively quickly. VCs typically look for large specific addressable markets (generally $2B in annual revenue or larger), and business models that achieve substantial economies of scale (in other words, the relationship between person-hours and revenue is not linear).   While we would love to see more unicorns led by women, StitchCrew is not solely interested in finding the next unicorn. We want to help hundreds of women-led companies make their first million dollars.

Question 10

I'm thinking about Starting a company, can I apply?"

Accepted Answer

You can sign up for our newsletter to be a part of our extended community. In order to apply to this program, you must have achieved revenue and paying customers. Please apply once you meet the criteria described above.

Question 11

Can I apply as a Consulting company?

Accepted Answer

Consulting companies, per se, are not eligible for membership. However, if you intend to build/ have built software that productizes your consulting services, then you would be eligible to apply.

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