Steve Blank
JANUARY 17, 2023
Three types of organizations – Incubators, Accelerators and Venture Studios – have emerged to reduce the risk of early-stage startup failure by helping teams find product/market fit and raise initial capital. In exchange for attending an accelerator, startups give up 5% to 10% of their company’s equity.
Steve Blank
OCTOBER 30, 2012
It doesn’t take equity and just has a small fee that varies by city ($140 to $299), to cover event operations and expenses. The Big Idea – Incubators – Accelerators – and Something New. In the last decade startup incubators have become increasingly popular. How it Works. There is no guaranteed funding.
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Steve Blank
OCTOBER 10, 2011
You find early stage employees expecting to work normal hours, to get paid a regular salary, and not asking or expecting equity. Startup incubators, business angels and VCs are starting to emerge. And what’s great for the mass of society – a government safety net verging on the ultimate nanny state – makes it impossible to fail.
Steve Blank
OCTOBER 7, 2011
At Tekes, government employees (and their hired consultants) – with no equity, no risk or reward, no startup or venture capital experience – try to pick startup winners and losers. It’s hard enough to pick which existing companies with known business models to aid. And they should give themselves a 5-10 year plan to do so.
Steve Blank
MARCH 31, 2014
In spite of this, private equity funds have used the rallying cry of efficiency to hijack corporate strategy and loot the profits that historically would have been reinvested into research and development and new products. We legalized robbing the corporate treasury.
Steve Blank
MARCH 4, 2014
While it’s fashionable to build corporate incubators there’s little evidence that they deliver more than “Innovation Theater.” It may be that the current attempts to build corporate innovation are starting at the wrong end of the problem.
Steve Blank
DECEMBER 30, 2014
Incubators are designed for teams with an idea. They add mentors and additional services and some offer free space in exchange for equity. Accelerators take teams with fairly focused ideas and offer a formal 3-4 month program of tutoring/mentoring with seed funding in exchange for equity.
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