What would be the downsides of going to an accelerator or an incubator?

via Quora

“If you are accepted to an accelerator; you don’t need them

Seriously, they’re a business. They’ll typically offer you a pretty poor deal (though now terms have become a little nicer), for 6% of your company. In TechStars case, they had 400 applicants for 10 accepted companies. I have to cite that statistic, because they pride themselves on that number :). As a thought experiment, if you’re a business, and your success is solely dependent on the best returns you can get, you’re going to pick the ten companies that don’t need you; the companies that will find a way to be successful with or without you. The dirty secret, if you’re accepted, you probably don’t need them.” — Devin Fee

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