When capital is overflowing, aspiring founders evaluate the value of a startup accelerator and whether it will move them closer to their goal or waste their time and equity. From my perspective, it depends on the mindset of the team.
The first time our company applied to an accelerator, we were rejected. Although our team had a deep background in chat and messaging technologies, we were building a consumer product with a team of Korean dads and single men trying to market a social media platform to moms in the U.S. and Korea.
