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Clearly Santa and his crew will likely be paying for housing costs as nicely. You'll discover packages the place you undertake and don't an online site host. A stamp of approval from Y Combinator, for example, provides younger corporations access to executives and entrepreneurs throughout Silicon Valley. To a pair of 20-something entrepreneurs, what could possibly be extra thrilling than a $120,000 clean verify and an opportunity to mingle with Silicon Valley icons? With ovniestudiocreativo.com of every new accelerator come more promises of seed capital, three months of speed-creating and a coming-out party to eager traders. The pros of being invited to take part in an accelerator program seem obvious: a generous injection of seed capital, an instant community of collaborators and mentors, and the promise of direct access to deep-pocketed VCs with an eye fixed for winning concepts.

However is there really sufficient money on the market to fund the 1000's upon thousands of startups pumping out of the global accelerator scene? At Y Combinator, candidates fill out a web-based software that collects details about every of the founders of the company and asks for an overview of the massive idea. Groups are flown out to the San Francisco Bay Area, the place they spend the subsequent three months creating their ideas and business plans. Y Combinator notes that the individuals behind the company are often more necessary than the thought itself, which tends to alter considerably during the accelerator course of.

One among the huge benefits of partnering with an accelerator is access to a robust community of alumni and enterprise partners. Adoption is a lifelong process, one which requires plenty of preparation and dedication. There isn't a utility price (although some other accelerators do cost one). But could there also be a downside to accelerators? Hardly. The subsequent thing to contemplate is to look around and see if there is perhaps somewhere else to submit a revised model of your work. There are additionally group events like weekly Tuesday “dinners” – actually a half-day conference – that includes candid conversations with influential audio system (yes, they got Zuckerberg).