On the top floor of an ugly office building in Mountain View, Calif., a dozen entrepreneurial dreams are taking flight. Raissa Nebie, a 31-year-old former investment banker from Ivory Coast, is putting the finishing touches on Spoondate, her top-secret dating site for food lovers. Andrew Maguire, a recent Columbia University grad (who talks really fast), is racking up listings for InternMatch, a Web service that pairs college students with paid internships. The airy space, with few walls, a panoramic view of Silicon Valley and a gaggle of first-time CEOs like Maguire and Nebie, is home to 500 Startups Accelerator, the latest high-tech incubator.
If all this seems a bit 1999, it is. Technology incubators, which invest in and nurture new tech businesses, proliferated during the last dotcom boom but then got a bad reputation in the bust, when firms like CMGI and eCompanies lost billions of dollars on countless start-up failures whose names have long been forgotten.
To read the full, original article click on this link: Work Like It's 1999: High-Tech Incubators - TIME
Author: Anita Hamilton
