Are Accelerators Really Helping Startup Companies?

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It’s a great question and one that I’m asked about every other day.
There is a new accelerator that seems to be popping up at least once a week. I would argue that every large city around the world has at least one accelerator that’s promising boatloads of funding, connections to famous mentors, and life-long happiness. But are accelerators really delivering on their promises?

It’s a great question and one that I’m asked about every other day.
There is a new accelerator that seems to be popping up at least once a week. I would argue that every large city around the world has at least one accelerator that’s promising boatloads of funding, connections to famous mentors, and life-long happiness. But are accelerators really delivering on their promises?

Earlier this week, I was on a call with 25 accelerators in the Global Accelerator Network. I asked Professor Yael Hochberg, administrator of the annual National Seed Accelerator Rankings published by TechCocktail, and Jed Christiansen, founder and operator of Seed-Db.com, to talk about how accelerators were faring. And there was a consistent theme: The accelerators who perform well typically share their results freely whereas the accelerators who are hesitant to show data are typically underperforming or new to the industry. I couldn’t agree with them more.

Over the past few months, the Global Accelerator Network and its accelerators have realized the need for this kind of transparency. So, instead of holding onto data, the Global Accelerator Network and its accelerators are making a commitment to sharing honest, reliable and transparent data. Around the middle part of next week, founders, mentors, investors and the public will be able to see the results from our members. Data like jobs created, funding raised, total number of exits and a host of other items will be showcased.

Check out globalacceleratornetwork.com on Wednesday, November 14th as we roll this out to the world. All of us want to help entrepreneurs, and the more we work together to show how we’re supporting them, the better off we’re all going to be.