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There are basically three accelerators which are widely regarded as value-adding: YC, 500 Startups, and Techstars. The field is otherwise littered with options

by patio11 12y ago

There are basically three accelerators which are widely regarded as value-adding: YC, 500 Startups, and Techstars. The field is otherwise littered with options which have yet to demonstrate value add and which offer terms which are not considered very competitive relative to the standard terms in the Valley. I have no dog in this fight and don't know anything about the particulars of your accelerator, but those terms strike me as somewhere between "Uncompetitive with your best options" and "Run screaming."

UnsureThrowaway 12y ago
>I have no dog in this fight and don't know anything about the particulars of your accelerator, but those terms strike me as somewhere between "Uncompetitive with your best options" and "Run screaming." That's the same impression we got. I was hoping to get an outside opinion. Our contact told us (straight-faced) that no software company could be started for $70,000 and I immediately thought of Bingo Card Creator. Thanks for your input Patrick.
- patio11 12y ago
  BCC probably isn't the comparable you want if you're on the investment track. There exist many companies which can get enough proof points for a sizable seed round or A round on $70k (chiefly spent on living expenses of founders as they build product and attempt to get some evidence that it is useful and salable). YC's history is chock full of examples.