Guest post by Max Gurvits Partner of Teres Capital
One guy walks up to another, and says: “Hey, I got this great idea! We can hack a little prototype for a mobile app this weekend, call a few tech blogs and investors next week, and ship to thousands of users in the course of next month. What do you say?” His friend looks at him with disbelief: “Are you pitching me a startup? Dude, it’s 2013. If you’re starting something, better start an accelerator”.
I heard this joke in Tel Aviv this spring, as we were talking about the explosion of accelerators and accelerator programs with a couple of Israeli tech insiders. And as with many good jokes, there’s a considerable degree of uncomfortable truth in it. As Robin Wauters recently wrote in Tech.EU, Europe now boasts around 100 accelerators, with the whole scene so awash with mentorship, mini-equity and grants, as well as co-working spaces, that people start talking about the “accelerator bubble”. Continue reading “5 Ways to Make the Best Out of Your Accelerator Experience”