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Accelerators are organizations that selectively accept entrepreneurs into a program of intense coaching in a physical environment sponsored by the accelerator that also provides seedfunds for the startup to begin its business.
The frantic pace of technology cycles, the amount of tech news, the blogs, the conferences, the demo days, the announcements, the fundings, the IPOs. You need to say “no” faster to things you know you’re not going to fund based on fit, focus, geography, quality of concept, conflicts with portfolio.
One of the reasons that now is the time to be an entrepreneur is the explosion of startup assistance organizations, usually called incubators or accelerators. Common resources provided by most of the incubators and accelerators today include the following: Access to shared office facilities for multiple startup teams at a very low cost.
Erik Rannala: MuckerLab is a new startup accelerator, focused on incubation stage Internet, software, services, and media businesses here in LA. We're providing seedfunding, office space, and put them through a three month, structured program. Erik, thanks for the time. It's a very similar model to YCombinator and TechStars.
One of the reasons that now is the time to be an entrepreneur is the explosion of startup assistance organizations, usually called incubators or accelerators. Common resources provided by most of the incubators and accelerators today include the following: Access to shared office facilities for multiple startup teams at a very low cost.
It’s a three-month program providing its selected startups with $21,000 in seedfunding, plus the typical incubator benefits like shared office space, legal assistance, infrastructure and hosting, and mentorship from a network of advisors.
It seems the focus on “virtual&# goods has been both the demo of the consumer as well as the fact that by definition virtual goods have almost no marginal costs to the seller so giving a huge slice to the carrier (and Zong) isn’t a problem since actual costs are ~ $0. SV Angel / Ron Conway closes $20mm venture fund.
With top-ranked accelerators Lauchpad LA closing its doors and Y Combinator rebranding itself as a seedfund, it seems fair to ask the question, “Are Accelerators Dead?”. Yet to be a truly effective accelerator, the work must continue the momentum beyond Demo Day. A version of this article previously appeared in Forbes.
You can see Zach James & Rich Raddon who are standing next to a demo table pitching a small, yet-to-be-funded company called MovieClips – now the powerhouse ZEFR. For accelerators to proliferate you need access to capital to fund them and then you need a huge community of people to fund the graduates.
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