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A horrifying startup accelerator story

davidgcohen.com

121–130 of 146 posts

Re: A horrifying startup accelerator story

#121

Earlier quoted context omitted.

https://angel.co/socraticlabs seems to fit the bill. Of course, keep in mind that this could very well not be the accelerator.

The MD seems to have confirmed it: https://twitter.com/heatherg/status/373318278833135616 "I've emailed @davidcohen and asked him whether he would be willing to share my response. Awaiting word."

I wonder if "it's not us" would have sufficed.

Re: A horrifying startup accelerator story

#122

Earlier quoted context omitted.

I understand urge for anonymity in these stories but I think it would be really helpful If the names of these accelerators where disclosed so people don’t fall into the same situations. I know "clues" are provided in both scenarios but there are literally dozens of accelerators out there (four alone in La area that I know of) some of which a couple of my friends have applied too. Avoiding these type landmines should…

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 know any difference. And if I'm remembered, at best, I'll just be perceived as a disaffected applicant. I don't know that there's a good solution to this. I wish pud's fuckedcompany still existed, and there…

Maybe we should turn it the other way. List accelerators withh good feedback and the list of startups and people we can contact for performing the due dilligence.

Re: A horrifying startup accelerator story

#123
Just as there are horrifying VC stories, so there are bound to be horrifying accelerator stories. With VCs it's really the top tier firms that are the ones you want to work with; many of the others are under pressure at all times to make up for mediocre returns, which is not a formula for a happy working relationship with them. It's going to be the same with their earlier stage cousins...

Re: A horrifying startup accelerator story

#125
post #74

I'd just like to say that the reason I created Seed-DB ( http://www.seed-db.com ) is because the world of seed accelerators should be more transparent. I've currently got a list of 170+ accelerators around the world, and the list makes it pretty clear which ones get results and which don't. (Or don't care enough about publicizing results). If you have any feedback for me as to what would be useful to you when choosin…

How do you update that list? I'm familiar with a few of the lesser known accelerators on it and I'm aware of some pretty nice exits they've had, but their exit column is listed as $0 on your list.

This is probably complicated by the fact that many of the smaller acquisitions (Also it looks like companies which are very valuable but not formally exited yet (AirBNB, Dropbox etc.) aren't accounted for here... a column for "current portfolio valuation" might be more valuable. Again, if it were ever possible to put such a thing together accurately, which I doubt.

Re: A horrifying startup accelerator story

#127

Earlier quoted context omitted.

Paying someone for access never ends well. Do you think the people whose access is being sold are happy with the arrangement? By definition you're entering into a sleazy area. This is why apartment brokers selling access to apartments are sleazy.

Probably not in the US, but keep in mind that very often in many other places, what the person selling access is also doing is screening for the person whose access is being sold. This sort of arrangement works pretty well if the person selling the access is actually offering a decent service to both sides. However, it needs to be mutual, pre-arranged, and with plenty of duties all around (in most of the world "dutie…

I get that screening is a service, but it's very gray. US (& UK) companies need to act with a higher standard globally. Barclays got in trouble with some corporate matchmakers.

http://www.telegraph.co.uk/finance/newsbysector/banksandfina...

Re: A horrifying startup accelerator story

#128
post #3

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.

Too bad. The website seems very "High school project" caliber but I like the mission very much. It would be a shame if it's a scam.

1. an edtech accelerator embracing lean startup practices. 2. a collaborative coworking community in NYC dedicated to education entrepreneurship. 3. a campus focused on learning technology. 4. the birthplace of the future of learning.

One thing I do notice is there's a fine line between "We have 60% of the stuff figured out, and will make up the rest of the 40% as we go" and going 40/60 instead. One is an ambitious startup, the other is a scam.

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