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Clearly Santa and his crew can be paying for housing costs as properly You can find programs the place you undertake and do not an online site host A stamp of approval from Y Combinator for instance gives younger corporations access to executives and entrepreneurs throughout Silicon Valley To a pair of 20something entrepreneurs what could possibly be more exciting than a 120000 clean check and a chance to mingle with Silicon Valley icons With the opening of each new accelerator come extra guarantees of seed capital three months of pacecreating and a comingout get together to keen traders The professionals of being invited to take part in an accelerator program seem obvious a generous injection of seed capital an instant community of collaborators and mentors and the promise of direct access to deeppocketed VCs with a watch for successful concepts However is there really enough money out there to fund the 1000s upon 1000s of startups pumping out of the worldwide accelerator scene At Y Combinator candidates fill out an online software that collects information about each of the founders of the corporate and asks for an outline of the large idea Groups are flown out to the San Francisco Bay Area where they spend the following three months growing their ideas and enterprise plans Y Combinator notes that the individuals behind the corporate are often more necessary than the thought itself which tends to change considerably throughout the accelerator course of Considered one of the massive advantages of partnering with an accelerator is access to a strong community of alumni and enterprise companions httpscityrecognitionorg is a lifelong course of one that requires loads of preparation and dedication There is no application payment though another accelerators do cost one But may there also be a draw back to accelerators Hardly The next thing to think about is to look around and see if there might be somewhere else to submit a revised version of your work There are also group occasions like weekly Tuesday dinners actually a halfday conference featuring candid conversations with influential audio system yes they obtained Zuckerberg