From the course: Foundations of Raising Capital
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Accelerator programs
From the course: Foundations of Raising Capital
Accelerator programs
- When I joined my partner Alex at Tixers in 2014, he was just finishing the UpTech accelerator program in Covington, Kentucky. Alex told me that being accepted into that Accelerator was the moment that tipped the scales and convinced him to quit his job and start building the company. Without the UpTech accelerator, Tixers may not have existed and I probably wouldn't be talking to you right now. Accelerator programs are a specific length of time, often three to six months, and offer some combination of education, mentorship, working space and investment to young startup companies. Most accelerator programs accept companies that may be pre-revenue or even pre-product, meaning that even a napkin idea may be able to find support from an accelerator program. Accelerator programs will typically invest anywhere from $20,000 to $200,000 in the companies they accept in return for somewhere between two and 10% ownership in that…
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