Big News: FounderDating is joining OneVest to build the largest community for entrepreneurs. Details here
Latest Notifications
You have no recent recommendations.
Name
Title
 
MiniBio
FOLLOW
Title
 Followers
FOLLOW TOPIC

Question goes here

1,300 Followers

  • Name
    Entrepreneur
  • Name
    Entrepreneur
  • Name
    Entrepreneur
  • Name
    Entrepreneur
  • Name
    Entrepreneur
  • Name
    Entrepreneur
  • Name
    Entrepreneur
  • Name
    Entrepreneur

Anyone heard anything about Founders Space (accelerator)?

Have any decent startups come out of Founders Space? Should accelerators be charging if they are taking equity? Thanks for any insight...

1 Reply

Miles Lambie
0
0
Miles Lambie Entrepreneur
Co-founder at Driven
Hi Leena, I don't know anything about Founders Space but I do work for an accelerator, Collider, which takes equity and charges for the programme. Let me explain our rationale - maybe it is similar to Founders' Space.

We feel that there are two exchanges:

i) We give cash ($240k) and in exchange we charge 20.7% equity

ii) We deliver an awesome programme, packed with practical workshops, one-on-one coaching time and in-depth collaborative sessions with some of the world's leading brands. In exchange we charge for the programme.

Accelerators are not charities. That's not to say they are profit-hungry machines. We put an awful lot of man hours into developing and delivering the programme and we need to pay our team to do that!

I hope this helps explain why some accelerators both take equity and charge.

Good luck with your application.


Miles
Join FounderDating to participate in the discussion
Nothing gets posted to LinkedIn and your information will not be shared.

Just a few more details please.

DO: Start a discussion, share a resource, or ask a question related to entrepreneurship.
DON'T: Post about prohibited topics such as recruiting, cofounder wanted, check out my product
or feedback on the FD site (you can send this to us directly info@founderdating.com).
See the Community Code of Conduct for more details.

Title

Give your question or discussion topic a great title, make it catchy and succinct.

Details

Make sure what you're about to say is specific and relevant - you'll get better responses.

Topics

Tag your discussion so you get more relevant responses.

Question goes here

1,300 Followers

  • Name
    Details
  • Name
    Details
  • Name
    Details
  • Name
    Details
  • Name
    Details
  • Name
    Details
  • Name
    Details
  • Name
    Details
Know someone who should answer this question? Enter their email below
Stay current and follow these discussion topics?