6 Finest Startup Accelerators in The U.S. Every Startup Entrepreneur Must Know
Over the past decade, the startup industry has evolved into a platform that encourages every college grad to start their own business venture. No matter how innovative is your startup idea or what technical expertise you hold, there’s often a challenge to raise funds for your venture.
The best medium today for funds is to join a startup accelerator program. However, the challenge doesn’t end there. It just begins with funding as now you have to make this vital decision that would decide the future for yourself and your association with your startup. You must decide now whether you are willing to give up equity to join an accelerator program.
Given the fact that it is one of the toughest decision you will make during your startup journey and not to forget that it is also the most important decision altogether, I would like to share some encouraging words that would somewhat make it easy for you.
In the past many different organizations and institutes have gathered information about raising funds through startup accelerator programs. This information helped in finding some of the top startup accelerator programs in the U.S. and helped new Startup entrepreneurs to shortlist the best accelerator program for their venture.
It was also found during a research compiled by MIT Sloan School Of Management professor Yael Hochberg and Professor Susan Cohen from the University of Richmond and the Batten Institute at the University of Virginia’s Darden School of Business that almost 90% entrepreneurs who joined a startup accelerator were quite fascinated with their experience and said that they would do it again. While 95% confirmed that it was worth giving up equity stake for joining the accelerator.
So, now that I believe your confidence must have reached its peak and you must be thrilled to join an accelerator program, I would like to present you some of the best startup accelerator programs in the United States of America where you can grow your startup venture and learn from your peers and mentors.
Here are the 6 most promising startup accelerator programs every startup entrepreneur must be aware of:
Launched in 2005, Y Combinator is one of the earliest seed accelerator programs in the startup industry. Till today, it has invested in more than 940 companies that includes some of the popular startups in the industry such as DropBox, AirBnB, Reddit, Weebly, Instacart, Stripe, Coinbase, and Zenefits. With such a huge success portfolio, there can’t be any argument that it is undoubtedly one of the best startup accelerator program out there.
AngelPad is the brainchild of ex-Googler Thomas Korte, who launched this American seed stage incubator program along with six other former Google employees, in order to help web-technology startups to build better products and help them generate the necessary funding they need to grow their business. AngelPad has generated over $800m exit value after raising around $250 in funding and helped many startups which eventually were acquired by the likes of Twitter, Apple and Yahoo.
500 Startups was founded in 2010 by Dave McClure, who is a well-known entrepreneur and prominent Angel Investor based in San Francisco. Initially started with 12 startups, 500 Startups is an established seed accelerator program with over 500 companies under its portfolio. Some of the most popular startups funded by 500 Startups are Udemy, Visual.ly, ZipMatch, RidePal, Canva etc.
TechStars, as the name suggests, is a mentor-ship focused seed accelerator program founded by Brad Field, Jared Polis, David Brown and David Cohen. Compared to other startup accelerator programs, TechStars has the toughest selection criterion and only 1% of the companies are selected out of all that apply to TechStars. Collectively, with more than 526 companies under its portfolio, TechStars has managed to raise over $1,300,000,000 USD.
The Alchemist Accelerator
Backed by different venture groups and corporate investors, The Alchemist Accelerator is a business incubator that helps startup accelerate with proper funding and guidance. Founded in 2012 by Stanford Univesity professor Ravi Belani, this startup accelerator program is focused upon guiding the startup founders through proper tutoring and mentoring. Unlike other startup accelerator programs, The Alchemist Accelerator charges for tuition, which the Startup founders could afford as they already fund extra capital to cover that fee. In addition to funding startups like Assemblage, MobileSpan, UpShot, Wise.io and NeoReach, The Alchemist Accelerator program has helped over 80 startup companies till date.
Capital Innovators was developed in 2010 by Judy Sindecuse as a startup accelerated program to help tech startups with the necessary resources and connections to grow their ventures into large enterprises. Their 12-week accelerator program offers #50,000 in seed funding, mentorship from the industry greats, excellent perks, educational and social events and most importantly an opportunity to pitch startup ideas to an angel investor or venture capitalist firms.
Many startup founders and entrepreneurs are eyeing to fix their spot in any of these startup accelerator programs. Hence, you must be well prepared in advance and keep your focus on the big problem your startup is meant to solve and explain it using real life examples.
These startup accelerator programs are the best in the country and your stepping stone to success.