20 karma · joined August 25, 2014
I experienced this in the college town where I started my company. They would take whoever the most qualified person is and give them a panel role or a speaking role. For example, you'd have a partner at a law firm giving startups product advice, just because he happened to be the only regarded person they could get.
Kudos to the poster. Only critique I have is that I misread the title to mean "If your VC firm doesn't lead rounds, you aren't a VC". Might be better to clarify.
I've gained a ton of lean muscle mass while lowering body fat, solely by eating high protein/fat diet.
I may be completely wrong, but I simply don't buy it. There's so much more to a credit card product aside from the nice-sounding features they have on their landing pages.
First, the desk space argument is very real. Y Combinator takes 60+ companies and has no real space constraints since they do not offer office space. Other accelerators take far fewer companies and do have office space, so they need to know ahead of time 1) that their batch will be full and 2) that each company has passed their own due diligence process.
Also, as with term sheets, founders can take their offer from one accelerator and shop it to others. It's happened before (with people I know), who take an offer from one accelerator and use it to trigger FOMO from the other.
Couldn't an accelerator just position it's start date before Y Combinator's decision date, and therefore not need an exploding offer but have the same effect?
Exploding offers should be reasonable, and I'm not against being fair to founders. But doesn't democratizing this essentially involve accelerators colluding to have the same offer/acceptance date?
It can handle more than an MVP, but it depends on the product.