They're dubbed "schools for startups": the tech accelerators that provide funding and mentorship to young companies. Y Combinator is one of the original accelerators - its success stories include Airbnb and Dropbox. But is the accelerator path right for every business? Other startups opt to join a seed fund, or to cold pitch venture capitalists. We'll explore the business of launching startups.
Show Highlights: 5 Tips for Startups
1. Be a Missionary Not a Mercenary
"Missionary entrepreneurs really want to change the world in some way. And that changing the world could be in the enterprise, it could be in the consumer space. But they have a very deep passion for going and building a product or a company around that, versus someone who just says, 'Hey this is a small problem, but I know that if I can build it up to x, that Google or Yahoo or someone would be interested in buying my company. ... That's not really something that we're interested in backing." - Mike Abbott
2. Capitalize on Your Uniqueness
"We try to make sure that [the entrepreneurs we work with are] actually solving something that's meaningful, and that they have personal experience in.