# Silo Team accepted into Slush 100 🚀

## September 19, 2023

Press

[Silo Team](https://www.linkedin.com/company/silo-team/) accepted into the Top 100 of [Slush](https://www.linkedin.com/company/slush/) 100 🔥, the most coveted startup competition in the world! 🎉

A total of 1,118 startups applied for this year's edition, and the winner will receive a €1m equity investment from leading early-stage funds in Europe: [Accel](https://www.linkedin.com/company/accel-vc/), [General Catalyst](https://www.linkedin.com/company/general-catalyst/), [Lightspeed](https://www.linkedin.com/company/lightspeed-venture-partners/), [New Enterprise Associates (NEA)](https://www.linkedin.com/company/new-enterprise-associates/), and [Northzone](https://www.linkedin.com/company/northzone/).

‍ [Harry Stebbings](https://www.linkedin.com/in/ACoAAAqiFJsBpNbbD_8asbx88kYlVbb_DAspWwE) from [20VC](https://www.linkedin.com/company/20vc/) will be mentoring the Top 100, and judges for this year's Slush 100 include [Luca Bocchio](https://www.linkedin.com/in/ACoAAASQ9pwBABQc5fus_1SCqzFwJ3tr1Ac7e8A), [Juliet Bailin](https://www.linkedin.com/in/ACoAAAm9uQsBthk_Vb1LieHfiJjkeVTc4RDz7pU), [Paul Murphy](https://www.linkedin.com/in/ACoAAAAXrSwBH2I51qDQcB-3DPSBgBnJMraDuLQ), [Philip Chopin](https://www.linkedin.com/in/ACoAAATLiEYBS63aymaEeW5gSRuwQYbQDhpkaLY), and [Wendy Xiao](https://www.linkedin.com/in/ACoAAAfoPk4BmUzy8grK1nv_OHIQv9V7hxsYrYU).

These iconic funds have backed historic companies like [Meta](https://www.linkedin.com/company/meta/), [Airbnb](https://www.linkedin.com/company/airbnb/), and [Snap Inc.](https://www.linkedin.com/company/snap-inc-co/) 😎

Congratulations to everyone selected for this year's batch and looking forward to seeing you at Slush later this year!

### Slush 100 | Slush 2023 - YouTube

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[Slush 100 | Slush 2023](https://www.youtube.com/watch?v=wLE-YVCz3SM) [Slush](https://www.youtube.com/channel/UCv2JYTjV80AuHODJO0R6EnQ)

We are on a mission to bring **teams** closer together

12%  
of employees think their employer does a great job of onboarding new employees  
[Gallup](https://www.gallup.com/workplace/235121/why-onboarding-experience-key-retention.aspx#:~:text=Gallup%20finds%20that%20only%2012,great%20job%20onboarding%20new%20employees.)

51%  
of employees say they’d go “above and beyond” if they were given a good induction and onboarding  
[Hays](https://www.hays.com.au/press-releases/HAYS_1896743)

22%  
of companies do not have a formal onboarding process  
[Harvard Business Review](https://hbr.org/2022/04/onboarding-can-make-or-break-a-new-hires-experience)

70%  
increase in productivity if a well-structured onboarding program is in place  
[Quale](https://www.qualee.com/blog/19-mind-blowing-onboarding-statistics#:~:text=22%25%20of%20companies%20have%20no,program%20have%20better%20assimilation%20rates.)

Companies with great onboarding programs see [2.5% more revenue growth and 1.9%](https://image-src.bcg.com/Images/BCG_From_Capability_to_Profitability_Jul_2012_tcm9-103684.pdf) of the profit margin as against companies with poor onboarding processes. The former also leads to higher productivity levels and faster knowledge acquisition rates.