Today, there seem to be more business accelerators than there are startups to fill their classes and cohorts. It seems that not a week goes by without the launch of another accelerator or seed starter fund. In fact, as Peter Relan said in a recent post (riffing on Chris Dixon), accelerators have become an industry segment in their own right. He also goes so far as to surmise that — just as it is for startups — 90 percent of accelerators are likely to fail.
Nonetheless, even if they fail, accelerators are still essential to the growth of entrepreneurial ecosystems not only because they provide a petri dish for innovation, but because they create jobs. In an article on AllThingsD today, Jed Christiansen contends that the fundamental value of seed accelerators lies in their ability to both drive economic growth and foster an entrepreneurial culture within local communities.
To read the full, original article click on this link: Economic Impact Of Startup Accelerators: $1.6B+ Raised, 4,800+ Jobs Created, 2,000 Startups Funded | TechCrunch
