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A comment on A horrifying startup accelerator story. Parent comment

Re:A horrifying startup accelerator story by accelanon on Thursday August 29, 2013 @06:46PM (#6299134)
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.

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Re:A horrifying startup accelerator story by redact207 on Friday August 30, 2013 @04:40AM (#6300784)
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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