Profile picture of Chandra Jacobs

Chandra Jacobs

Travel and tech entrepreneur and global citizen

I was recently selected to be considered as a semi-finalist in an
accelerator program that is relatively new, in a city that is not a
traditional "startup" city. They will have 20 semi-finalists, which will be
down-selected to 6 finalists after a thorough end-to-end business review.
All startups involved get the results in report form of the business
review. In order to cover the costs of this review, the accelerator program
requires all startups wanting to be considered for a finalist slot to give
up 1% equity or pay $2500, regardless of whether they are actually chosen.
All finalists would then give up around 6% more equity, and the benefits
would be  the same as a normal accelerator program--some cash, exposure,
mentorship, etc.

What do you all think of this model?

*CEO, tripchi*
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*tripchi is a mobile app that helps you make the most of your time in the
airport.* It serves up recommendations of things to do in the airport based
on your personality, interests and flight info, and offers *exclusive deals
on food, drink, and shopping opportunities*, the ability to *connect with
other travelers*, as well as detailed content to *explore the airport*.

Sign up for our beta at http://edu.surveygizmo.com/s3/1124579/Airports>

Also, check us out on CNBC <http://www.cnbc.com/id/49762594?slide=27> and Women
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Chandra L. Jacobs, tripchi CEO, Thunderbird MBA grad, world explorer
c...@tripchi.com       Phone: (703) 785-0621
@tripchi on twitter

Thunderbird School of Global Management
#1 "International" Full-time MBA (U.S. News & World Report 2013)

"Borders frequented by trade seldom need soldiers."