They’ve been around longer. $138m revenue, 55 startups and you’ve never even heard of them.
Call it a startup collective, a peer mentoring group, or a DIY accelerator, but it works. It’s at least as effective as the big two, and it looks much more suited to replication. It doesn’t even need rock star mentors and investors.
The problem with rapidly replicating and propagating the models of the big two accelerators everywhere, is mentors. You need large numbers of exceptionally competent, enthusiastic, relevant, continuously available and disproportionately inexpensive mentors. And the words in that last sentence just don’t sound to me like they add up, unless you are happy to proliferate scalable startups a lot more slowly than any job-starved economy deserves.
Compare these different accelerator models by the survival rates, successful exits and valuations of their startups and it’s probably a level playing field. But Starve Ups has being going significantly longer. It was formed by cash-poor founders. It makes the resources of its two big rivals look anything but lean.
To read the full, original article click on this link: Accelerator outperforming YCombinator and TechStars? ~ Innovation Investment Journal
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