Starting a business is hard. Very hard.
Deciding to utilize an accelerator or incubator program can be a make-or-break moment in that process. At least 16 local incubators and accelerators took part in an event hosted by San Diego Venture Group last month. AngelList, Silicon Valley’s website for startups and investors, lists over 60 incubators and accelerators. The choices can be overwhelming.
Accelerators provides structured curriculum in a short period to help rapidly grow the size and value of a company to get ready for a specific goal, typically to raise financing.
Both can help young companies figure out how to get through some of the early difficulties of starting a business. Both help create successful companies on a scale that has never been done before.
But one important question can help guide entrepreneurs who aren’t sure which path is right: What is the goal of the program? Once you’ve established that, compare it to your own company’s goals and see whether they align.
Help Us Raise $100k By the End of May
A very nice writeup on the differences! Even though you're "Voice of San Diego" which is supposedly to be community-oriented, this is so much better than many nonsensical articles floating out there on big media. Thanks a lot!
Both incubators and accelerators in San Diego have their importance and the role of neither can be denied. Thanks for sharing all the details about the incubators and accelerators in San Diego. Thanks for the share, it was a good read.
@Pat McKemy Thank you. Glad you enjoyed it. @BlairsReport
Plug and Play invested $250,000 in ten local startups just via the pitch competitions last year and made additional investments in some of these startups once they completed StartupCamp (office space and program / mentorship was provided for free for three months for the ten startups in Sunnyvale, so that's an additional form of investment). So far the sum of these ten startups have raised about $2 million since returning to San Diego, they're kicking ass, and we're getting ready to pick the next group of startups on May 6.
I don't think we can have too many programs here in San Diego. Great article spelling out the nuances of incubation vs acceleration. In the end we just need more huge exits and a process of reinvestment and continued commitment to grow and retain San Diego talent. You are right about volunteers working like crazy in all corners of this region ;)
@Gaby Dow Great points. Plug and Play has set a tone that they are a LEADER in the San Diego startup community. Everyone involved in tech startups need to ask themselves are they just helping out or are they doing things to be a LEADER.
Good points Kelly. I agree. The movers and shakers are here in San Diego and they want to punch through the walls. They are just waiting for the right group of people. They are waiting for us.
We have neither incubators nor accelerators here. We have volunteers who are working their asses off. We have sweetheart real-estate. We have innovators and angels. We have pride. But there are no institutions with skin in the game. No risk, no reward, no punch-through-walls movers and shakers. That is all.
@Kelly Abbott Skin in the game is what is truly necessary to make a substantial difference. Until we attract one(s) that is able to put in $ investment, the current ones will have to stay afloat by pitching their sponsors products (which as @Blair Giesen said isn't necessarily in the best interest of the startup - and in my opinion can actually be very detrimental).
@rolandal @Kelly Abbott @Blair Giesen I have to agree with Kelly, and Roland alike. There needs to be more investment from institutions. Just last week when I attended Tech Crunch LA instead of Spring Fling, I was amazed that only two hours north of us companies were getting funded at Bay Area valuations.