A friend yesterday was asking me questions about Shotput Ventures. Five minutes into the conversation he posed a good question: what’s the number one reason applicants are rejected by Shotput Ventures? Immediately, I knew the answer.
By far, the main reason applications for Shotput Ventures are turned down is due to not meeting our stated requirements for the team. Within this generic reason, here are several specific examples:
- Not having a technical co-founder that is an experienced programmer
- Not having all co-founders able to work 100% on the new venture (e.g. one has to keep his or her day job)
- Not having all co-founders in the same city (e.g. one is based in D.C. and wants to stay there during the program)
Applying for Shotput, and meeting the published requirements, is just part of the process for choosing companies in which to invest. My recommendation is to read the Shotput Ventures site and apply once the criteria have been met.
David Cummings on Startups 
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