Are Startup Accelerators Worth It?



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32 Comments

  1. Introduce myself I'm Arif Khan harry I'm Software Engineer and software development and website development and investors and celebrate United States and students funding United States

  2. I did three accelerators and they are a waste of time for people with business skills. People who dont have a clue then maybe it might be of some value, they dont mention sales at all or how to go about selling. The only people worth listening to are fellow entrepreneurs. I believe accelerators are just away for investors to find start ups. Its like a casino for investors and your startup is a number on the roulette wheel and they are looking for a OO (100million to a Billion dollar company). Its easier to hit a double zero on a roulette wheel that it is to find one of these companies an investor has a 0.000006% chance of finding a unicorn. They form syndicates to invest on the street (roulette wheel terminology) reducing their odds but its not perfect. The accelerators only care if you get investment, they invest in most of the other numbers hoping they will find the double zero. I ended up really confused at the end of each accelerator. What accelerators should give you assistance to the point where you dont need investment. Get a bank loan and invest in yourself. Have you ever heard of a company in this century who became a unicorn and got no investment there is loads of examples, try this one Sara Blakely got a loan from the bank to start her business and now she has net worth of 1 Billion. I am going back to my initial idea to make money and ignoring all the advice i had from coaches who got there information from a self help book and no real world experience.

  3. Thank you for a very informmative video, however, I have a question. What's the cycle that startups usually encounter when they join startup accelerators. Thank you again ^ ~ ^

  4. How about for us, developing backyard compostable bioplastics for packaging of consumer items. We need funding to get to scale up from lab scale (grams to ~1 kilogram) to ~10 kilogram amounts. Buying fermentation tanks, glassware, equipment, and other stuff can get very expensive $_$
    Would startup accelerators be right for us if it would take like 'Maybe' 2 years to optimize the process? Then scale up to ~100 kilogram amounts… who can we turn to?

  5. This channel is awesome but I am running out of hope. I have spent 12 years on a concept that when it was presented to the public it felt way ahead of its time. I had been unsuccessful for years trying to find worthy co-funders, and the initial project idea has morphed. Since all have been done by myself alone, I am exhausted. Not sure if it will be worthy to try markets on other languages or stick to presenting it in English. Finding a good mentor is also extremely hard. BTW how do you protect discussing your idea with anyone without risking it to be stolen? when an NDA may kick people away? 🙁 Besides stressing, it is depressing.

  6. I noticed that in your most recent video, you talk about DreamIt and 500SU, but you don't even mention Start-up Chile at all anymore. Having just completed their program, I can see why… not something we actually care to put on our resume. Quite a horrible experience in fact, and they almost killed our startup (we still haven't received any funds from them after more than 4 months in Chile). Maybe Start-up Chile changed a lot in the last 6 years? Care to comment more on your specific experiences with startup Chile?

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