017: Ocean, The Tech Accelerator The SaaS (Software as a Service) Business Podcast

I interviewed Tim Sinclair in Episode 015. During the interview, Tim mentioned that he had gone through the inaugural class of the Ocean Accelerator. He also mentioned that Ocean is a faith-based tech accelerator. I had never even considered the intersection of faith-based organizations and tech accelerators and was immediately intrigued. I asked Tim if he could put me in touch with Ocean, which he did. Scott Weiss is the CEO of Ocean and James Clair is the Marketing Manager.
UPDATE: Ocean came out with important news for potential applicants just before the podcast release. They have increased their seed funding for companies accepted into their 2017 class from $35,000 to $50,000. Everything was already in place for the episode release when the news came out, and it would have been difficult to alter the audio to make the change.
Contents Episode Outline Resources Mentioned in Episode Episode Transcript Disclosure concerning affiliate links Episode Outline Click [Website] to go to the corresponding website location. Once on the website, you may listen to the episode starting at any timestamp [mm:ss].
[00:00] Intro [Website] [03:12] Accelerator Defined [Website] [04:54] Accelerator Capital and Convertible Notes [Website] [07:28] Ocean’s Founders [Website] [08:07] Accelerators Versus Incubators [Website] [09:05] Ocean’s Unique Spiritual Component [Website] [11:39] Focusing on the Founder [Website] [12:27] Non-Business Relationships and Stakeholders [Website] [13:17] Ocean’s Message [Website] [13:49] Ocean’s Five Capitals [Website] [15:24] Maintaining Balance during a Business Venture [Website] [16:35] Marketplace Success [Website] [17:41] Ocean’s Work Ethic [Website] [19:18] Ocean’s Program Overview [Website] [19:48] Demo Day and Business Curriculum [Website] [21:16] Keynote Speakers – Day One [Website] [23:23] Keynote Speaker Discussion – Day Two and Beyond [Website] [24:53] Ocean’s 2017 Program Plans [Website] [25:20] Ocean’s Policy on Faith [Website] [26:12] Faith as a Component of Business [Website] [27:32] Ocean’s Program [Website] [27:45] Weekly Program – Speakers and Workshops [Website] [30:20] Syncing Program Behavior with Business Life [Website] [31:47] Ocean’s Field Day – The Importance of Customer Dialogue [Website] [32:39] Relocating as a Founder with Family [Website] [35:27] Ocean’s Ideal Company and Founder [Website] [37:29] Ocean Capital [Website] [38:07] Ocean’s Origins at Crossroads [Website] [40:48] Ocean’s Mentors [Website] [41:29] Role of the Mentor [Website] [42:36] Mentor Demographics [Website] [44:49] Partners [Website] [45:51] Brand Identity Kit [Website] [46:23] Design Style Guide [Website] [46:44] A Creative Space to Build Relationships [Website] [48:20] Cincinnati as a Hotspot for Entrepreneurs [Website] [48:51] Cincinnati’s Community Spirit [Website] [50:02] Cincinnati as an Ideal Region for Startups [Website] [51:23] Appropriateness of Cincinnati for Founders with Families [Website] [52:37] Ocean’s Schedule for Applications [Website] [53:19] Benefits of Demo Day [Website] [54:42] Post-Demo Day Activities [Website] [57:08] Universal Message of God’s Interest in Enterprises [Website] [58:39] Conclusion [Website] [Website Contents]
Resources Mentioned in Episode Please see Disclosure* (below transcript) concerning affiliate links on this page.
805 Creative – According to the website, 805 Creative is an “Ohio-based creative agency dedicated to empowering our business partners with compelling ways to communicate their stories.” Listen or read at [44:49]. Business Canvas Map – Also known as the Business Model Canvas. A strategic management template for visualizing a business’s partnerships, resources, revenue, and customers. Ocean’s program provides mentoring through the canvas creation process, focusing specifically on planning, the business model, the strategy canvas, and value proposition. Listen or read at [19:48]. CincyTech – “