Accelerators · Entrepreneurship

Have you participated in an accelerator?

Vlad Khomutov Founder @ Fast Venture, Founder @ Propel Digital, Co-Founder @Webreel, Co-founder @Fitland

Last updated on April 26th, 2017

What was your experience?

  1. Which one did you participate in?
  2. What was good/bad/ugly
  3. Amount of equity you gave up and funding you received?
  4. and, most importantly - the outcome?
  5. Would you recommend it to other founders?

Thomas Storey Serial entrepreneur

April 27th, 2017

We are not a tech company which is a problem when many of the investors/advisers who participate have tech backgrounds.

We are pre revenue. We joined the program for exposure and a fair shot at $50K first prize, $30K second prize...etc.. We were outgunned by the top start ups as they were all operating. My fault, should have seen it coming, but, at least we got a shot.

Got an offer for a state subsidized development grant.

Like anything else, think carefully about what you want from the program.

As a founder, it is your job to get the company underway. The program was demanding and took travel money, time (5 months)and energy in the effort to "win". Perhaps you are better off using those resources to focus on the start up itself.

Exposure is what we needed and got it, except, it didn't work for us.

Met a lot of great people!

Alex Periel CBDO at a devshop

April 26th, 2017

My team members are mentoring on TechStars now. Write me to i will tell you more

Joy Montgomery Continuous Improvement for Cleantech Companies, Connector

April 26th, 2017

I have participated in an accelerator, but as a mentor and volunteer. I'm currently the National Alumni Chair for the Cleantech Open - no equity but no guaranteed funding. We have some very successful Alumni.