There are over 7000 Incubators and 3000 Accelerators around the world by now. On average, they take 25-30 companies per cohort, give each $15k-$150k in pre-seed funding, and off the bat, drive them to seek exponential growth funded by Venture Capital.
In other words, the Incubator and Acceleration industry operates as a feeder into the VC industry.
Twice a year, the math suggests, 250k startups are going through an incubation or acceleration process.
Some startups go from accelerator to accelerator, picking up dribs and drabs of capital, giving up increasing chunks of equity.
Most fail to find product-market fit.
Why?
Finding Product-Market fit requires Positioning and Repositioning to align with an urgent market need.
Positioning is a skill that is largely absent in the incubator / accelerator management.
Startups need to gain access to Positioning expertise to find a path forward.
Otherwise, unfortunately, they die on the vine.
Don’t let your venture die.
You may not have a 10X path forward, but we may be able to find a 3X strategy.
And we will do so without taking any equity.
Key Takeaways:
My Question to You:
Have you found a high-velocity product-market fit?If you think you need help, consider 1-on-1 Private Consulting with me. I will diagnose and create a path forward in an hour.
Image by Timur Kozmenko from Pixabay
This segment is a part in the series : The Startup Velocity Question