Accelerators offer entrepreneurs seed funding and one-to-one mentoring in exchange for an equity stake, making a profit when some of their startups receive institutional (VC) funding. However, according to a Wall Street Journal article published yesterday (Start-Ups Crowd ‘Accelerators’), most accelerators – especially those outside Silicon Valley, Boston and New York – are of doubtful value.
According to the article, top accelerators – the ones with the best mentors and access to venture capital – include:
- TechStars Boulder
- Y Combinator (Mountain View, CA)
- Excelerate Labs (Chicago)
- TechStars Boston
- Kicklabs (San Francisco)
- TechStars Seattle
The article’s advice if you are considering an accelerator for your new venture: Research its track record, and read up on the qualifications of its mentors.
Dana H. Shultz, Attorney at Law? +1 510 547-0545? dana [at] danashultz [dot] com
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