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Experience (positive or negative) with startup incubators

How useful are startup incubator programs, specifically, Founders Institute (FI), Y Combinator, and Tech Stars. Especially, for those who have significant prior experience developing, launching and executing business plans within larger companies. Worth the time, money, giving up equity?

8 Replies

Jamie Rosenberg
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Jamie Rosenberg Entrepreneur
Founder & CEO at ClassWallet
We did TechStars. This is my second business. It was vertical specific. Edtech. Very much worth it for biz dev acceleration and relationship equity alone. Not to mention access to new funding.
Abhi Dugar
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Abhi Dugar Advisor
Technology Business Executive
Thanks Jamie. What do you mean by relationship equity?

Just in case others want to jump in, if people can opine on specific aspects of each program (please feel free to add to the list) it will be very helpful to me:

Developing/refining business plan / marketing plan / sales plan
Business acceleration
Investment / Fundraising
Legal advice
Contacts for business, advisers, investment
Jessica Alter
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Jessica Alter Entrepreneur • Advisor
Entrepreneur & Advisor
There are tons of discussions on this topic already. Good to do a search first >>http://members.founderdating.com/discuss/topic/accelerators
Jamie Rosenberg
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Jamie Rosenberg Entrepreneur
Founder & CEO at ClassWallet
By relationship equity I mean the number of leaders in the industry I was able to meet and engage in meaningful ways. We are muxh brighter on the landscape radar than we were before which should serve us well as we gain traction and seek more funding down the road.
Jamie Rosenberg
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Jamie Rosenberg Entrepreneur
Founder & CEO at ClassWallet
Relationship equity is the quality of relationships I developed. Literally every Ed tech leader came through and I got to know them all and develop close relationships with the most relevant
Abhi Dugar
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Abhi Dugar Advisor
Technology Business Executive
Thanks Jamie, appreciate your feedback.
Abhi Dugar
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Abhi Dugar Advisor
Technology Business Executive
Thank you Jessica, I found a wealth of information on the topic from the link you sent.
Kate Whiting
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Kate Whiting Entrepreneur
CEO - Educents
We did ImagineK12, which is affiliated with Y Combinator. The best decision we ever made. The partners are absolutely amazing and provided us more value that we could have ever imagined. Plus, the connections of the partners is incredible. Your network expands 100X over. I agree with Jamie on this. The relationship equity is unbeatable in good accelerators/incubators. One more tip: I think you'll get more out of these programs if you already have a functioning product/website, rather than just an idea.
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