"A few dozen such accelerators, like Y Combinator, have cropped up this decade. “They deal with somewhat later-stage companies that have established themselves in their markets but simply need to scale up,” Adkins says."
It's hard to imagine getting it wronger. And this woman is
the president of the "National Business Incubation Association?"
Seems like there was almost no fact checking done on that article. They have now misdescribed 2/2 incubators I know about. The other one is Georgia Tech's Venturelab which funded us: http://www.gtei2.com/2009/05/a-new-take-on-incubators.html
Suits pg, Suits . . . a source of nonstop surprises and entertainment.
They seem to imply that YCombinator takes around 70% ownership with a poorly worded sentence.