Many do. Unfortunately, the reality is less than 10% of applicants get accepted to business accelerators. Thousands of startups dream of being part of a cohort at an accelerator. However, there are dozens of reasons you may be denied into the startup accelerator.
First, the sad truth is some startups just don’t know what they don’t know. They aren’t ready. They haven’t validated their idea yet. Through working with a startup coach, maybe you would be…..next year.
Second, your business model must align. Customer segments, distribution channels, key resources, and your value proposition all have to align to create a clear, compelling business model that is scalable.
The third reason a business accelerator may not accept your application is that you can’t define your value proposition. You are just like the rest. You don’t stand out from your competitors at all. Therefore, the investors know you’ll drown in the “red ocean” instead of creating your own “blue ocean” ripe for riding the tides of change and innovation.
A fourth reason you might be turned down to join the cohort at the coveted Y Combinator or Techstars is that your idea isn’t techie enough. Oftentimes a business accelerator wants to fund a business in a certain niche, tech for example, and you are creating a startup in fintech, outdoors vertical, or food and beverages.
Whatever the reason you aren’t accepted at Y Combinator, Techstars or a host of other reputable business accelerators, there is a place for your startup. Your Startup Coach offers online coaching.
What does this mean for you?
No disruption of your life and family. Getting accepted to an accelerator often means relocating short-term during the cohort.
Convenience. While launching and scaling a startup takes commitment, there’s no reason you can’t be committed and attend classes from the comfort of your own home or coworking space.
Affordability. We know how lean you need to be as a startup. Your Startup Coach offers affordable coaching packages for both groups and individuals.
Ready to scale your startup from the comfort of your home community? Contact me today. Let me know in the comments that you want more information on our virtual accelerator when it launches. Or if you are ready to work one-on-one with a coach now, click here.