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I feel like an in-between/better option than bootstrapping or VC investment is going for an accelerator or incubator. You get the all important human connection
by ganeshkrishnan 7y ago
I feel like an in-between/better option than bootstrapping or VC investment is going for an accelerator or incubator. You get the all important human connections, a bit of elbow room for money and a nice way to interact with other fellow founders.
It still is a bit of stretch to get into an accelerator especially if you are before product market fit or if the product is in an very "unsexy" space (like supply chain).
- peterbell_nyc 7y agoI've usually seen most accelerators as an onramp to a venture backed business. I've raised for a couple of startups and with one I went through an incubator and it was great. Right now, I work from home, have a 3 year old and just went all in on a very modest little lifestyle business. I can't imagine an accelerator being much help, and given my goals for the business, I'd be a waste of a slot in their cohort.
- algo_trader 7y agoCan u maybe share how much traction you had pre-accelerator and how much traction u had before a bigger seed/SeriesA ? My perception is at an accelerator or a $100K angel is really basically a nice pitch + MVP + some token revenue or customer maybes. I get it that if u are building yet-another-analytic-service, then the bar is higher.
- algo_trader 7y ago> bit of stretch ... accelerator.. before product market fit I dont get this. AFAIK accelerator is like ~$50K-$150K. What kind of product fit can u possibly reach before your first $50K ? Even a fully functional MVP only really shows basic execution ability. No?