So you didn’t get accepted into an accelerator? Do this instead.
One of the questions I get asked regularly by founders is what they have to do to raise a Series A round of investment in the $3-$10 million range. I always encourage them to consider applying to an accelerator program since one-third of all Series A rounds in 2015 were in companies that graduated from accelerators. But what about the companies that don’t get accepted into accelerator programs? The acceptance rate is fairly low (Techstars accepts 1% of all applicants), so startups should have a backup plan when it comes to securing Series A.
