Yael Hochberg, Rice University Entrepreneurship professor
"If you're a healthcare startup, it doesn't matter if they're the best consumer internet VCs on the planet and the mentors are all consumer internet gurus; if you're doing healthcare, that's not the right fit for you".
"The accelerator experience is a process of intense, rapid, and immersive education aimed at accelerating the life cycle of young innovative companies, compressing years’ worth of learning-by-doing into just a few months".
"We've been publishing the TechStars data fully since the beginning on TechStars.com. For every single company, you can see if it's a failure, success, how much they raised. Entrepreneurs deserve that sort of transparency from accelerators, and it's not hard to do"
"For most startups at this stage, the best predictor of success is the founders. The most important parts of the application are the questions about the founders’ backgrounds and the most impressive things they’ve done. We’re looking for evidence that the founders are smart, effective, and determined.".
"A startup’s main advantage is speed of learning. You learn what works and doesn’t work when you take action, run tests, get feedback, and iterate. You can’t be an entrepreneur in an armchair -- you must do".