October 22, 2014
We’ve heard a lot about what accelerators can do for an individual startup.
A product that’s doomed to failure suddenly becomes something with great potential. A pitch wows investors at demo day and attracts promises of big checks right on the spot. A startup is convinced to bring on a cofounder and turns into a multi-billion-dollar company.
But how do accelerators affect the local ecosystem? Do entrepreneurs jetset in, get their three months of mentorship, and leave the place just as they found it? Or does their presence create ripple effects in the community?
We’re doing case studies of Austin, Detroit, Pittsburgh, and St. Louis, and we want to hear from local entrepreneurs – how has the arrival of accelerators affected your startup scene? According to our notes, the first accelerator was Capital Factory in Austin (2009), Bizdom in Detroit (2012), AlphaLab in Pittsburgh (2008), and Capital Innovators in St. Louis (2012).
So tell us:
- How have things evolved or changed since the first accelerator arrived?
- How has the arrival of an accelerator affected investment activity? Have any new firms been founded or any VCs/angels moved to the area?
- What other accelerators, incubators, or startup organizations were founded in your city after the first accelerator?
- How has the arrival of an accelerator affected the local startup culture or vibe?
- How has the arrival of an accelerator affected the availability of mentorship?
- How has the arrival of an accelerator affected local events?
- Have there been any drawbacks to having an accelerator in your city?
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