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>"It was very sad to call it quits because getting the funding to make those units was the only hurdle before making serious progress,” Temple said. “If they co
by alexeichemenda 2y ago
>"It was very sad to call it quits because getting the funding to make those units was the only hurdle before making serious progress,” Temple said. “If they connected me with investors like they said, I could have made my invention, gotten efficacy and would be shipping units right now. I really do believe that."
It's unfortunate to see a founder believe that one accelerator would make or break their company. Typically an accelerator amplifies your existing trajectory - if you're a fast-growing company, you'll get more term sheets from investors than you know what to do with. If you're flat, they won't be attracting investors in any way. It's a founder's job to navigate this instead of relying on the accelerator to find $500k.
- JumpCrisscross 2y ago> Typically an accelerator amplifies your existing trajectory If only they had a word increasing velocity :)
- CalRobert 2y agoSome accelerators are targeted towards people who do not yet have companies. I can't say anything for or against them but I briefly participated in (and chose to leave) Carbon13, which aims to match people with a cofounder.