Brad prefaced his comments by highlighting several meaningful distinctions between accelerators and incubators.”I think there is a fundamental difference between an incubator and an accelerator… (this) distinction helps people understand why, (even though) … there is a saturation point, but we are nowhere close to it. The distinction between the two is that an incubator has an economic model that is based around having people be tenants. Having people being captive within some investor’s…sphere.
The money that went into them was usually very inefficiently deployed because it was deployed against infrastructure, it was deployed against a longer arc of build-up and you were into a company a while before you knew whether something was going to work or not.
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