I've wondered if there's some way to structure an accelerator along similar lines, if not employee ownership then a partnership. For example, it's well known t

I've wondered if there's some way to structure an accelerator along similar lines, if not employee ownership then a partnership. For example, it's well known that startups are risky. VCs mitigate this risk by spreading their funding across many startups. Could founders do the same with their equity? Consider an accelerator class with thirty companies. As a condition of being in the accelerator, each founder could agree to give X% of options to every other founder in the class. If one of the companies takes off, the other founders could wind down their own (probably failing) companies and join the one success. You would probably have to tinker with the ratios to provide good incentives, i.e. every founder doesn't get an equal share of every company; the winning founders get the largest share among their class, etc. And the accelerator would have to exercise a lot of quality control with whom they admit. But still it's an acknowledgement that business success is in large part random and diversification is how you account for that. Or rather, it's an extension of that acknowledgement to the founding/managing class of early ventures, rather than reserving it for investors.