By Karthik Sridharan W’07/ENG’07, Co-Founder, CEO of Kinnek
Over the past few years, awareness of startup accelerator programs like AngelPad, Y-Combinator and 500 Startups has skyrocketed. Typically, startup accelerators periodically select a batch of companies, usually in the same early stages of their lifecycle. In return for a small portion of equity, they offer advice, investor connections and mentorship. Programs can culminate in events much like debutante balls called a “demo day” where the startups have a chance to pitch to many investors at the same time.