Investor Atlanta Daniel on seven things founders should know before joining an accelerator
Before applying for an accelerator program, there are seven key considerations startup founders should make, according to investor Atlanta Daniel.
Daniel, the co-founder of $10 million Signal Ventures, has researched programs around the country to provide local startups with insights into how homegrown and international accelerators compare on factors such as industry vertical and the amount of funding and equity exchanged.
“Some Australian programs now go back as far as seven years and we can see clear successes emerge from those alumni,” she writes in Medium.
Daniel, who’s also a startup advocate for the Creative Enterprise Australia accelerator and investment fund, says founders should look at the following factors before entering a program:
- program structure;
- alumni support and network;
- brand association; and
- capital raising assistance.
She says it’s also important to consider what vertical the accelerator focuses on, “to see if there’s a density of expertise in their company’s area”, and “the deal”, or in other words,“how much capital and equity”.
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