Three Points about Accelerators

(I have lots more to say on this topic - even more so than other topics. But I'm going to sleep now and can't finish this :( )

1) There are a lot of crappy startups right now.

2) People are bad at choosing which businesses will take off, but think they are good. Accelerators could easily turn into a big circle jerk, but more insidiously, a place where startups that make the bosses happy get resources. Often innovative startups are frowned upon because new ideas are hard to understand; 

3) Accelerators have mixed success. Here's an Economist article - http://www.economist.com/news/special-report/21593592-biggest-profession...

 

Here's something I texted to my roommates a few days ago:

"Unless your idea is absolutely brilliant, I don't think startups are about ideas. I think they're about copying other ideas and doing... Wait for it... actual market research to figure out e.g. where or show to sell the stuff"

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