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The other thing to keep in mind is that the accelerators work something like this: 1) Fund a bunch of companies with the expectation that maybe 1 in 10 will su
by accelanon 13y ago
The other thing to keep in mind is that the accelerators work something like this:
1) Fund a bunch of companies with the expectation that maybe 1 in 10 will succeed.
2) When the other 9 fail, you have a bunch of talented developers all in one place. And guess what? The really successful company is hiring.
It's pretty brilliant, if not Machiavellian.
- redact207 13y agoA bunch of talented developers who all want to run their own show. I'm not sure they'd make great employees for a small slice of equity even after their startup's failed.