I doubt this will directly do too much, since the requirement that a team member be a Stanford undergard will prevent most from applying. They probably really

I doubt this will directly do too much, since the requirement that a team member be a Stanford undergard will prevent most from applying. They probably really need to compete on prestige. Owning 94% of a company that's worth millions is way better than owning 98% of a company that fails, or even one that's worth fewer millions, so founders really should go with whichever accelerator they think will give them best chance of success So the main thing that Techstars et al will probably need to do is convince entrepreneurs that they're a really good, rather than enticing them by offering a few thousand dollars more for a couple percentage points less equity.