The MBA Is Dead’s interactive list of startup accelerators and incubators is designed to allow you find programs according to a region or vertical that you would be interested in. You can search the database by Vertical or Region as viewed in the GIF below.
In the search seen in the GIF, the user selects the category of Vertical, the subcategory of Ecommerce and the accelerator Mucker Lab at which point she can view the Details of the program. Read further to understand how each category and subcategory are organised.
Categories Of Verticals And Regions
Regions are defined as different geographical areas of the world, such as Asia, Australia and New Zealand, Europe, Latin America, MENA, Sub-Saharan Africa, and the United States and Canada.
Under Verticals, you will find subcategories such as gaming and insurance. Some special ones to be noted:
- Horizontal [don’t have a vertical focus]
- Minorities [focus on supporting underrepresented communities]
- On Going [accept applications year round]
- Religious [have a religious aspect to their program]
- University [typically you have to be affiliated with the university program, but not always]
- Women [focus on supporting female entrepreneurs]
Once you select a subcategory, you are presented with a list of programs you can peruse. By selecting a program you will its Details, as in the image below.
In the first box, you see the program name, city and country. In the second and third boxes you will see the deals available. Most accelerators offer a standard deal for all companies. For example they will take 10% equity for $10,000 leaving your company with a valuation of $100,000. They will offer this to every startup. No exceptions.
But sometimes a program will make deals on a case per case basis. If so, they will say something like ‘we take between 5% and 10% in exchange for $10,000 and $20,000.’ To understand what these means in terms of valuations for your company, in the database I describe two scenarios, one is called High Value, the other is called Low Value. High Value is when the accelerator takes the smallest amount of equity and gives you the most amount of money. This is the most ideal scenario for you as it gives you highest valuation for your company. In our example it would look like this:
- low equity: 5%
- high offer: $20,000
- high value: $400,000
The company takes 5% in exchange for $20,000 which gives you a valuation of $400,000.
Inversely, the Low Value is when they take the most amount of equity and give you the least amount of money. In our example, it would look like this:
- high equity: 10%
- low offer: $10,000
- low value: $100,000
In this situation, the valuation of your startup is on the low end of the spectrum. While that may be less than what you hoped for, it may be a more accurate reflection of the value of your enterprise. Have a hard think before saying yes or no.
Sometimes you will see the two valuation sections are identical or one is empty. This means the deal that is visible (or the one that is repeated) is the only deal on offer. I realise this is not the best way to present the offers, but I figure giving you some information is better than none. Please be patient as I work to make this section more clear. In the meantime, always confirm deal terms.
Accelerator Website, Updates And Verticals
The boxes after the valuations display the website url of the accelerator, the date the information was last updated and a link to email me if you have any new information or if you’ve found an error. The final box displays what verticals the program focuses on, such as artificial intelligence, ecommerce or blockchain.
What To Do When You Find An Accelerator You Love
Once you find an accelerator (or accelerators) you love, you have to actively pursue a relationship with them. Learn how to do this at What To Do When You Find An Accelerator You Love.