Accelerators have been nurturing young companies since startups became as hip as garage bands. (This was 2005ish… about the same time I was in my garage tuning my guitar.) Founders consume the wisdom of elders in a sleepless boot camp designed to spin up incredible value quickly. For the startup, the ticket to ride is somewhere around 6 percent of their seedling company in exchange for $20K and the opportunity to immerse themselves in the three-month program, usually concluding with a rockstar-like demo day event.
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