More from accelerators.guide

More from Accelerators Guide

90% Of Startups Fail: Here's What You Need To Know About The 10% [Forbes]

Disrupting the Disruptors: Startup Accelerators Feel Pressure to Evolve 

How to Apply to Y Combinator

 20% OFF STARTUP ACCELERATORS BOOK WITH PROMO CODE  

Click here to get details on redeeming your Promo code 

What is Accelerator.guide?

Accelerator.guide is a a founder focused and accelerator agnostic information directory/resource discovery platform. 

admin@accelerator.guide

Learn More About Us

Subscribe to our Newsletter

Copyright© 2019. Legals

How Do Accelerators Select Startups? Shifting Decision Criteria Across Stages

Abstract

Competitive accelerators can help startups overcome resource constraints and the liability of newness, but they are also highly selective when choosing startups. However, little is known about how a top accelerator selects startups and what the decision criteria are in that process. Here, we analyze a unique dataset of the real profiles of the startups that applied to the first seed accelerator in Southeast Asia and the accelerator's decisions to uncover the selection process and latent criteria. We used a scoreboard of 30 criteria based on the real-win-worth (Is it real? Can it win? Is it worth doing?) framework to compare the profiles of the selected versus the rejected startups. Our analyses revealed that accelerator managers’ implicit decision criteria shifted from eight real or win criteria in the initial screening of many startups to another four win or worth criteria in the final selection of a small number of startups. These critical criteria were further used to build regression models that predict screening and selection results. Understanding the shifting decision criteria may inform accelerator managers of their own subconscious preferences to improve the decision process, and as a result also increase entrepreneurs’ empathy toward accelerator managers to sharpen their applications.

To read the full article, click on the link below and you will be directed to the external site which will open as a new tab: