Accelerators · Incubator

Entrepreneur Communities or Accelerators- Anyone tried Astia, Women Innovate Mobile, etc?

Candice Hughes, PhD, MBA

June 26th, 2013

One of my advisors/mentors at my local startup incubator suggested working with Astia, Women Innovate Mobile, Springboard or a similar group.

Has anyone worked with these groups? Is/was the experience positive or not?

Some accelerators take equity (such as 6%). Has this proved to be an impediment to obtaining VC or angel investor capital? 

Gaurav Garg

June 26th, 2013

Candice, I recently attended a workshop (FundingQuest) on raising Angel Investment. The workshop was attended by few seasoned Angel Investors.

Duane Nickull Chief Marketing Officer, Co-Founder at Cheddar Labs

June 27th, 2013

Candice:

I could go on for weeks about the pros and cons of these groups but in short it comes down to your situation and what you need, your capability to pay for it vs do it yourself and about 50 other criteria.  My company offers such services to a select few and we have actually built mobile applications for some startups on this formula.   

In general, if you can pay $$ to get your development and other work done, do it yourself.  It complicates IP ownership, patent-ability, code base maintenance and many other factors.  If you do decide to do it, I would be happy to offer some consulting at a reduced rate on what to consider and how to mitigate risks.  If you do this the wrong way, it can greatly impact your exit strategy options and even your MC.

Duane