A couple of possible reasons. We pattern our intake process after leading tech accelerators (like Techstars or YC). We read every form submission in detail and then make a judgment call on whether we can really help you, before we ask you to meet with us.
Our company tries to help a very specific type of founder and company whom we believe we can take to traction. Therefore, our sales process and sales team might be quite different from what you’re used to – it’s only a handful of individuals taking meetings, and these individuals all come from ex-founder backgrounds. They’re trusted to understand your product vision, provide you with the right education and guidance on your next steps, and also tell our product team whether there’s a high likelihood we’ll work well together.
Due to all of these reasons, we’re only able to meet with about 20% of the people who submit the form. Please also see the next point for our minimum secured budget needed across projects.