What Do Accelerators Accelerate Now?

What Do Accelerators Accelerate Now? Accelerators Evolution As Species From Startups To Scaleups Family Tree

Let There Be Ideas!

When they started, accelerators used to accept founders with only ideas. The purpose was to help transform those ideas into real products. At that time, it was still expensive to start a company: cost of computing, storage or hosting was still high, in addition to office space as well. In other words, at that time, accelerators used to accelerate building the product from the idea, and the output was beta versions or prototypes.

The concept, as described by Paul Graham in his 2008 post: How Y Combinator Started, was to invest smaller amounts (as low as $10k only), faster (than regular VC firms), in young techies, who just need some funding to get started in Summer, yes, it all started as a summer program for students in Cambridge!

In addition, and to my surprise, the cohorts or batches approach was created for the Y-Combinator team to learn how to become … read more