accelanon

7 ms·

1.
by accelanon 13y ago
Oh, this is great. I'm going to look through it more deeply through the lens of my experience and give some feedback via email. Thanks for sharing!
2.
by accelanon 13y ago
I agree, but I'm not sure I'm in a position to do much were I to disclose the name. A comment or a story on HN! We'll all guffaw and shake our heads; then we'll move on. Your buddies a year from now probably won't k
3.
by accelanon 13y ago
No offense taken. Just remember that I'm still the little guy here, as are many others who feel they have to share anonymously. I don't have a large fund. I don't have lots of great connections. And I still need to do busines
4.
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 o
5.
by accelanon 13y ago
Funny enough, this all happened in Los Angeles. :)
6.
by accelanon 13y ago
The convertible note was for $40,000, so they definitely had the money to spend if they were fully serious. I think they just played hardball. There's no real legal recourse. I asked my lawyer the instant it happened. And even if there
7.
by accelanon 13y ago
I wish I knew. I think in our case it was the mentor. My guess is that they sent news of the great new deal out to all their mentors after we signed the note. The mentor got it in his inbox and jumped at my name. I can only imagine the hurr
8.
by accelanon 13y ago
My experience was not nearly this bad, but still horrifying for me, my co-founder, and our families. We had been talking off and on with an accelerator for about a month. We had pitched them, had a few calls, but lived on the other side of