The other thing to keep in mind is that the accelerators work something like thi... | Hacker News

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accelanon on Aug 29, 2013 | parent | context | favorite | on: A horrifying startup accelerator story

The other thing to keep in mind is that the accelerators work something like this:

1) Fund a bunch of companies with the expectation that maybe 1 in 10 will succeed.

2) When the other 9 fail, you have a bunch of talented developers all in one place. And guess what? The really successful company is hiring.

It's pretty brilliant, if not Machiavellian.

redact207 on Aug 30, 2013 [–]

A bunch of talented developers who all want to run their own show. I'm not sure they'd make great employees for a small slice of equity even after their startup's failed.

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