Startup accelerators and incubators exist to help nurture and advise startups and assisting them to get funding. Startup teams are decision-making machines, making pivotal decisions that have enormous effect on the early direction and the later outcome of the startup. They are also vulnerable, with around 9 in 10 startups failing. We think that the main reason startups fail is because of the decisions that the teams make (a no brainer, right?). During the decision-making process disagreements occur, and it is inevitable that, on occasion, they will have unresolved disputes, stressing relationships even further.
Now, imagine if we could get our accelerator cohort peers and mentors to assist us in resolving our internal disputes without HR departments, managers or using uncivil gossiping or backstabbing of our fellow startup team members.
The good news is that by using a dispute network to moderate our disputes, startup team members can now participate in decision-making debates and not fear having their contribution ignored, dismissed, or ridiculed. What is a dispute network? It’s a network where we enlist our accelerator cohort colleagues and associated mentors to help resolve our internal disputes.
How Does it Work
- A startup accelerator or incubator signs up to use Disputz.com, initially free, and add their next intake or cohort of startup teams which usually consists of some 5-10 startups teams, with 2-3 per team. The dispute network would consist of some 15-30 team members plus any associated mentors.
- The startup teams would then be briefed on the standard procedures used before any individual can lodge their internal dispute on Disputz network.
- The cohort would be notified of the latest dispute lodged on the network, and members can review and offer any feedback on the dispute.
- If the dispute is still unresolved, it would then go to the final zoom-type video call, with some eight seats and where both parties put their case forward. Failure to resolve the dispute at this time means the network participants will vote and make a recommendation, posting it on the network.