Venture Capital Firm CEHV Partner: Most Accelerators Are Worthless Scams

CEHV Partner and YFI contributor Adam Cochran, in a post on X platform, expressed that most “accelerators” are scams with no value. If you're looking for an accelerator, he provided the following rules:

• A valuation of $3-5 million should be the absolute minimum.

• Investment should not come with any project fees.

• Housing (referring to general hardware support) should not substitute for cash.

• Legal advisory-related fees should not be included in the investment.

• Proportional allocation.

• There should be no board seats.

• Connections are crucial (referring to resources provided).

• Accelerators and their teams should never demand advisor equity.