Ian Jeffery, general manager of startup accelerator program founderfuel.com, summed up to me yesterday why you should join an accelerator program: it’s all about the networks and the connections.
Currently, it takes less and less resources to develop and launch a product. With $10,000, a startup team can take a few months to build a web or mobile app, and have enough to support an initial product launch. What matters though is access to markets, getting connected to network, or having first customers, and programs like FounderFuel can exactly do that: get your first foot into the door. FounderFuel has all the mentors you could need, such as successful entrepreneurs to mentor you in your startup process, executives to get deals, and access to investors. Moreover, Ian Jeffrey explains that those mentors will also introduce you to their network. And that’s something money can’t buy.
The lesson here is that any entrepreneur (currently new or with an existing startup) can’t miss the FounderFuel opportunity. For those who were still hesitating, there’s only a few days left. Apply now
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The Value of Mentors in accelerator programs | CVCA – Capital Rants June 30, 2011
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