Have fun figuring out which one it is: http://www.seed-db.com/accelerators
https://angel.co/socraticlabs seems to fit the bill. Of course, keep in mind that this could very well not be the accelerator.
A horrifying startup accelerator story
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Re: A horrifying startup accelerator story
#22> At this point we decided that some of this behavior was pathological
I want to say that this fact should have been obvious long before, but I have the benefit of third-person hindsight.
Re: A horrifying startup accelerator story
#23This doesn't seem to be about an accelerator as much as about a person with a behavior disorder that sounds very much like narcissistic personality disorder. NPDs cope with their incompetence by abusing and blaming those around them, creating chaos and misery yet still managing to escape responsibility 9 times out of 10.
The right thing to do here is anonymously expose the managing director.
Re: A horrifying startup accelerator story
#24I've always been scared to death at how many people who add zero or negative value are involved in this process.
Re: A horrifying startup accelerator story
#25Have fun figuring out which one it is: http://www.seed-db.com/accelerators
Wow, if I'm reading that table correctly, the odds of playing the slots are still better than funding startups blindly: http://wizardofodds.com/games/slots/
Presumably what you're talking about is the fact that the summed "exits" are less than the input investments. But it's not a steady state environment. Obviously exits are going to lag the investments by several years, and the rate of investment hasn't been constant -- it's been increasing steadily for several years itself. So you wouldn't expect to see a net profit.
The real question, of course, is whether we should expect to see a net profit across the incubator/accelerator world at some point in the future, or if we're indeed in the bubble some of us think we are...
Re: A horrifying startup accelerator story
#26Design tip: if a quote is a quote, have a quote style. If a quote is the entire content of your article and is many paragraphs long, rethink styling it as a quote and instead label it, or something.
Re: A horrifying startup accelerator story
#27I've read several posts where people are trying to identify a female-lead accelerator - exactly counter to the warning in the story:
"I may have also changed the gender of certain people (i.e. he/she), again, with approval of the author."
So lets not point fingers based on gender alone.
Re: A horrifying startup accelerator story
#28[deleted]
Re: A horrifying startup accelerator story
#29Have fun figuring out which one it is: http://www.seed-db.com/accelerators
https://angel.co/socraticlabs seems to fit the bill. Of course, keep in mind that this could very well not be the accelerator.
Yikes. I participated in that (briefly, went home after the first month) and thought this write-up seemed too familiar.
On a positive note, The Alley is a way cool co-working space, I miss it dearly. Routine nightly events/speaking engagements were pretty awesome.
Re: A horrifying startup accelerator story
#30Nothing as bad, but heard of bad experience by teams at Microsoft + Techstars accelerator in Seattle where both sides lost interest in the class in the middle of the program. Not sure how good/bad the fundraising was across the board.