Incubators and Accelerators: It’s a butchery of startups
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DropBox, AirBnB and Quora – every one of these companies experienced a startup
Yet, applying for an accelerator program is a major choice for any startup; and there are some unmistakable upsides and downsides. Obviously, you must have built a product and it helps if you've ventured in the market to get traction or product/market fit for it.
The question here is........
"It is very common that numerous founders drop out of school to concentrate on building their startups full time – then why are we sending them back as accelerators and incubators?"
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Most startup accelerators give seed money in exchange to equity in your startup.
As an entrepreneur, you may worry about this clause. Imagine a scenario in which an accelerator takes an excessive amount of equity and it gets to be troublesome for you to raise another round later.
Well....
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In the event that worldwide development through entrepreneurship is the objective and startup support programs, as the name proposes, need to encourage this through the most ideal support, its key is that they continue emphasizing on option models to discover product-market fit in their local ecosystems. Tech ecosystems over the globe are diverse to the point, that startups confront altogether different difficulties and are outfitted with shifting ability sets and information levels from the offset.Go do the real work. It is difficult. It is not fun. It requires more investment and effort than what individuals do inside an incubator. Go hustle because if you don't you'll wind up flushing your million dollar idea.
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