Startups Anonymous Est. 2013 · Read-only archive
Questions

Is there an incubator/accelerator for those that don’t live in their parent’s basement?

So you have all these incubators and accelerators but they all have the same problem. You have to move to where they are located and do it full time for 3+ months. Works nicely for the under 25 group, who don’t have family and live in their parents basements. No wonder most startups are launched by a bunch of kids (not counting the older crowd who’s had previous exits and has the funding/backing to do it again).

Are there any incubators/accelerators that offer seed funding and support to the rest of us?

7 answers from the community

AAnonymous· Jun 13, 2014

It would definitely be interesting to see an accelerator focused on people with family lives. I've known many successful first-time entrepreneurs who built and sold companies in this position, without the help of an accelerator.

AAnonymous· Jun 13, 2014

<p>I would really really like to collaborate with someone interested in starting and supporting something like this... Maybe a remote incubator? If MOOC's can change the way people learn, maybe we can change the way people help startups? Being in Austin has given me the chance to work with so many great startups. I can't imagine how many others are out there waiting to be found because they aren't in a convenient "startup city" ! Please message me if you're interested in building this.</p>

<p>@hookemgriff</p>

AAnonymous· Jun 13, 2014

OP here. Sent you msg on Twitter.

AAnonymous· Jun 14, 2014

+1

AAnonymous· Jun 14, 2014

This is a huge problem and there are some of us trying to address it. I was actually floating an idea of a kids program that would go in tandem with an accelerator. It would be a 3 month computer science program for kids (like space camp but for startups :)

That way parents can bring their kids into the entrepreneurship world instead of having to leave them behind.

I got some interesting responses, mostly from those running accelerators- which is that they don't see the issue is a problem but in my experience, the people who it is problematic for simply don't apply in the first place.

Ddana· Jun 14, 2014

<p>I have three young kids and I'm in my late thirties. I went through a SF accelerator last year and made it work. Wasn't ideal. I live in the Midwest, so I had to travel back and forth each week.</p>

<p>To be honest, if my kids were with me, it would have been a less productive experience. Overall, I like the idea of involving the kids, but it might counteract the intensity and focus of the three month acceleration.</p>

AAnonymous· Jun 15, 2014

Founder Institute (http://fi.co) is an accelerator that allows you to keep your day job and doesn't require you to be twenty-something. It's 20 hours per week of startup-focussed work (primarily not coding) to help you accelerate progress on your startup. All that said, they don't make an investment, and in fact require you to pay around $1K plus incorporation fees AND requires you to share 3.5% equity with your cohort, the mentors and local directors (that's 3.5% total as a warrant). It's great to increase your profile, learn about startups, develop a great network of mentors and other startup founders. Another big plus is the global FI network you become a part of if you graduate and the CEO and founder of FI, Adeo Ressi. He has founders best interest at heart (of course, as well as his business but they are generally well aligned).