Minnesota’s First Tech Accelerator Now Taking Applications

This is a long time coming. Project Skyway has the coolest selection process ever for an accelerator plus they don't require a technical co-founder because they are providing every single team 2 full-time developers.

Re: Minnesota’s First Tech Accelerator Now Taking Applications

#5

Post by projectileboy » Sat, Apr 02, 2011, 7:47 PM UTC

crawdad1313 wrote: post #4

This is a long time coming. Project Skyway has the coolest selection process ever for an accelerator plus they don't require a technical co-founder because they are providing every single team 2 full-time developers.

I don't think I understand... Do the full-time developers that are provided become partners?

Re: Minnesota’s First Tech Accelerator Now Taking Applications

#6

Post by shii » Sat, Apr 02, 2011, 7:54 PM UTC

crawdad1313 wrote: post #4

This is a long time coming. Project Skyway has the coolest selection process ever for an accelerator plus they don't require a technical co-founder because they are providing every single team 2 full-time developers.

This smells strongly of 1999. What equity stake do the ancillary developers get? Sorry, but all this news of late of tons of startup accelerators and incubators popping up everywhere is a little unnerving. What is the rational of all these? Did all the RoR startups that will shake up the world have so much trouble finding funding that they need a new one every week?

Re: Minnesota’s First Tech Accelerator Now Taking Applications

#7

Post by jrubinovitz » Sat, Apr 02, 2011, 7:58 PM UTC

I love how detailed their website is. They know exactly what they're looking for, who's companies they can make a difference with, and they're upfront about it. I'm really interested to see who comes out of this Accelerator since they're so focused.

Re: Minnesota’s First Tech Accelerator Now Taking Applications

#8

Post by [deleted] » Sat, Apr 02, 2011, 8:19 PM UTC

projectileboy wrote: post #5

crawdad1313 wrote: post #4

This is a long time coming. Project Skyway has the coolest selection process ever for an accelerator plus they don't require a technical co-founder because they are providing every single team 2 full-time developers.

I don't think I understand... Do the full-time developers that are provided become partners?

[deleted]

Re: Minnesota’s First Tech Accelerator Now Taking Applications

#9

Post by caseyallen » Sat, Apr 02, 2011, 8:19 PM UTC

projectileboy wrote: post #5

crawdad1313 wrote: post #4

This is a long time coming. Project Skyway has the coolest selection process ever for an accelerator plus they don't require a technical co-founder because they are providing every single team 2 full-time developers.

I don't think I understand... Do the full-time developers that are provided become partners?

Hey guys, I'm cofounder of Project Skyway.

Ownership is a sacred thing -- we don't tinker with that at all. The dev team takes no equity. After all, you're running the company, not us. We just help with the resources and motivation. The dev team in India (which my cofounder Cem has worked with for years) are merely a perk we provide to our companies. It's one benefit of many.

If there's already a CTO in the company then great, he can focus on what's core and have the offshore team work on secondary stuff.

If it's a team of 3 business guys who have the right approach and the right knowledge then here's their chance to get the prototype figured out and raise that first bit of money to plow into a full time developer.

Make sense?

Re: Minnesota’s First Tech Accelerator Now Taking Applications

#10

Post by caseyallen » Sat, Apr 02, 2011, 8:22 PM UTC

MatthewDP wrote: post #3

Nice to see some more start-up activity in the mid-west!

Agreed! We thought the coasts were getting a little too cocky, hence, we knew we had to break out Project Skyway...http://j.mp/acceleratormap