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My personal story on the unethical behaviors of the TechCode accelerator
- skmurphy 10y agoFYI two days after writing this article he shut down his startup https://medium.com/@OmidAminfar/the-end-of-my-rewarding-startup-journey-27c2986eb110 https://medium.com/@OmidAminfar/the-end-of-my-rewarding-star... so while I am not disputing the accuracy of his statements there may be other factors as work as well.
- weisser 10y agoI think you should only call a program an accelerator if they invest at the start in all participants. Otherwise a word like incubator or competition probably makes more sense.
- abeyer 10y agoA bit of Occam's Razor might be called for before suggesting hidden agendas and IP theft by foreign governments. It sounds like a new program that overpromised, didn't plan well, and struggled to deliver would have been a similar experience.
- jwdunne 10y agoPerhaps Hanlon's razor too: never attribute to malice what can be attributed to incompetence.
- sebleon 10y agoI like this a lot - always give others the benefit of the doubt!
- throwaway2016a 10y agoThat was my first thought as well. I see nothing overtly "unethical" here... what I see is classic poor planning and management.
- Hydraulix989 10y agoI read this earlier today, and I don't remember the author calling out the accelerator by name. Was this a later edit?
- burntrelish1273 10y agoThere's no barrier-to-entry for a shop to call themselves an "accelerator." Reputation*3. YC, 500 and some others. Doing due-diligence, building rapport with key people and managing expectations can help. Also, big names have a lot more to lose (rep) and so tend to be safer bets.