Startup Accelerator Fail: Most Graduates Go Nowhere
ReadWriteStart
JUNE 21, 2012
Last year, Aziz Gilani, a director at Houston venture capital firm DFJ Mercury , ran a study of 29 North American accelerators for the Kauffman Fellows Program. They offer seed money and mentoring in exchange for equity, normally about 7%. But there’s a dirty little secet: A lot of accelerators are just spinning their wheels.
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