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Creating Better VCs: An Accelerator for the Dark Side

This is going to be BIG.

Every single topic about running a company has been written about ad nauseum, there are incubators, accelorators, mentoring programs, events, talks, etc. Not every VC used to get pitched by VC funds for a living and has seen hundreds and hundreds of VC pitch decks. How are we supposed to get better?

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The bar is higher

This is going to be BIG.

There are incubators to help you out on the financing side, too. The success of YCombinator and Techstars has spawned countless new incubators. New York will feature five this summer alone--Techstars, DreamIt, Startl and the NYC Seed/EDC Media and Finance incubators.

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Valuing My Own Time and Saying No

This is going to be BIG.

Here are a bunch of things I don''t do: I won''t do office hours anymore at incubators and accelerators. Takes an hour or an hour and a half at most and everyone gets the benefit of a public conversation--versus three or four hours of pitches. Therefore, I''ve had to do a lot of saying no to requests for my time. Panel prep calls.

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Here’s Why a Booming Tech Market May Fool You into Thinking You’re Successful

Both Sides of the Table

We’ve had an explosion of alternate sources of financing from crowd-sourcing, angels, accelerators, incubators, corporates, corporate incubators. Every consultant was pitching a process for reinventing your organization through BI. An impressive number of new VCs have been created – most of them with new seed funds.

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When VCs Play Defense

Both Sides of the Table

” And then there are incubators and accelerators. I don’t want any formal pitches. Their dealflow is angels or seed investors pitching “their best deals” to you in emails. Nobody is pitching a company that needs funding – they are there to build relationships. Every deal is great.

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The Amazing Disappearing VC

This is going to be BIG.

Given the proliferation of accelerators and incubators that pre-vet entrepreneurs, roll up their sleeves to help companies, and dress them up for demo days, the best and brightest are being showcased to look better than ever. Are you waiting for them to pitch you? It's happening on their side, too.

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It's Just the Principal of It

This is going to be BIG.

We’ve gone from just having Howard’s office at Partsearch, with Chris parking himself at Niles close to Penn Station, with Phin living on Amtrak and Josh squeezing pitches in between board meetings, to a real office right in Union Square—in my opinion one of the best in the city. Chris Fralic is now based out of NYC.

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