Source | INC42
“It’s almost always harder to raise capital than you thought it would be, and it always takes longer. So plan for that.” – Richard Harroch, Venture Capitalist and Author.
A startup founder is versatile – he is an accountant, a marketer, a writer, an event organiser, a strategist, a planner and more. While the entrepreneur works on the basis of passion, dreams, and placing unique ideas on the table, investors work on hardcore realities which demands a profitable, sustainable and scalable business model. Even the founders who excel in their core areas as well as have sufficient work experience and understanding of the market, require a ‘Godfather’ to sail them through the big, bad world of investing.
Accelerators, as the name suggests, do the same or early-stage and growth-stage startups – accelerate. Accelerate the understanding of a startup’s product, set them on a path of more visibility and, in some cases, raise follow-on rounds.
With this thought in mind, as a part of Starting Up in India series, we at Inc42, have curated an exhaustive list of homegrown and global accelerators currently active in the Indian startup ecosystem.
[Note 1: The majority of the information mentioned in this article has been collated from the accelerators, their official websites data, and media releases.]
[Note 2: We have been unable to verify and find information for a few accelerators, for those with valid information, do email it to us.]
Launched In: 2010
Headquartered In: California
Founded By: Dave McClure, Christine Tsai
A Brief Overview
500 Startups is a leading global venture capital seed fund and startup accelerator. It manages $200 Mn in assets and has invested in 1300+ technology startups, globally. It offers a four-month 500 Seed program and 500 Series A Program in Mountain View and San Francisco. Startups get access to a network of 1000+ founders, 200+ mentors, focussed on marketing, culture, startup accounting, product design, mobile, user testing, sales and more. An opportunity to pitch to the investors is also provided on demo day, along with a chance to build connections and grow their network. In February 2016, it announced a $25 Mn India Fund, 500 Kulfi, which has now been deferred. 500 Startups has been in India since 2011.