Startup incubators · Accelerators

Experience (positive or negative) with startup incubators

Abhi Dugar Technology Business Executive

November 22nd, 2014

How useful are startup incubator programs, specifically, Founders Institute (FI), Y Combinator, and Tech Stars. Especially, for those who have significant prior experience developing, launching and executing business plans within larger companies. Worth the time, money, giving up equity?

Jamie Rosenberg Founder & CEO at ClassWallet

November 22nd, 2014

We did TechStars. This is my second business. It was vertical specific. Edtech. Very much worth it for biz dev acceleration and relationship equity alone. Not to mention access to new funding.

Anonymous

November 25th, 2014

We did ImagineK12, which is affiliated with Y Combinator. The best decision we ever made. The partners are absolutely amazing and provided us more value that we could have ever imagined. Plus, the connections of the partners is incredible. Your network expands 100X over. I agree with Jamie on this. The relationship equity is unbeatable in good accelerators/incubators. One more tip: I think you'll get more out of these programs if you already have a functioning product/website, rather than just an idea.

Jamie Rosenberg Founder & CEO at ClassWallet

November 22nd, 2014

By relationship equity I mean the number of leaders in the industry I was able to meet and engage in meaningful ways. We are muxh brighter on the landscape radar than we were before which should serve us well as we gain traction and seek more funding down the road. 

Abhi Dugar Technology Business Executive

November 23rd, 2014

Thanks Jamie, appreciate your feedback.

Abhi Dugar Technology Business Executive

November 22nd, 2014

Thanks Jamie. What do you mean by relationship equity?

Just in case others want to jump in, if people can opine on specific aspects of each program (please feel free to add to the list) it will be very helpful to me:

Developing/refining business plan / marketing plan / sales plan
Business acceleration
Investment / Fundraising
Legal advice
Contacts for business, advisers, investment

Abhi Dugar Technology Business Executive

November 23rd, 2014

Thank you Jessica, I found a wealth of information on the topic from the link you sent.

Jamie Rosenberg Founder & CEO at ClassWallet

November 23rd, 2014

Relationship equity is the quality of relationships I developed. Literally every Ed tech leader came through and I got to know them all and develop close relationships with the most relevant