Incubators & Accelerators are Devolving/Degrading faster than the human species. Government welfare worker mentality is the disease.
Most so called "Accelerators & incubators" are where Startups go to die. They kill them dead, ensuring their death by the time they finish their so called "cohort".
I just wrote an article on the prognosis & solutions for the sick economic patient of humanity, almost killed dead by the transmissible LIErus called GWWM pronounced GWOOM. It sounds all gooey and gloomy and disgusting because it is. It means Government Welfare Worker Mentality, and it's toxic, contagious, flesh eating, corrupt, spreading wildly, degrades human health, it's a disease.
Most "#Incubators" "#Accelerators" in the #Startup #Founders industry are not the same. Some do it more properly to standard than others. Many people running these worldwide have no idea even what they actually are or what the purpose of them is supposed to actually be. Shocking.
The quality of the copying of the standard set by silicon valley & surrounding investment industry, worldwide, is brutal. You even now over the last 5-7 years have people stating that their intention is not to copy the methods nor the success of silicon valley. But then they try to PRETEND that they are still "Accelerators or Incubators" for the startup industry.
Many of them even have no clue what Startups even are. They have no idea that there is even a differentiation from small businesses as usual for the last 6,000 years & are clueless how they are different in any regard. Many of them even think that every new business is automatically "a startup" as in "im starting up a new business" completely clueless to the fact that the startup business model implies & denotes something completely different than the way things were done for the 6,000 years prior to this new modern day business model. They have no idea at all.
The reason they have no idea at all and are clueless about these fundamental basis in life, in business, is generally one of a number of items. Usually their background is from the big welfare state. Government, big corporations, universities, media corporations, NGOs, or other jobs & fields that are not your typical private sector jobs & they don't come from the small business sector. These are not operators. They are not small business lean startup builders. These are not exited founders, these are government education program providers, fraudsultants who worked under budgets on government welfare all their lives in general or "corporate welfare" in huge corporations with huge legacy budgets for "skills training" or "community outreach programs for reputational development", etc.
It has gotten so bad & so perverted, the attempts to claim people are running "incubators, or accelerators" that I have literally been forced to make a simple spreadsheet comparing the 4 and their basic functions, KPIs and metrics and purposes and focuses and what they should be doing, due these fake attempts at and fake veneer scams all over the place are so far off the mark of anything related to what these are actually for, let alone considering levels of competence in getting that job done.
Not only that but most of them also have no and intend to do no tracking whatsoever of their exit results. I literally just found a bunch of self-proclaimed "accelerators" which have no lists of their startups, no investor promotion platforms at all, no funded startups, no investors at all, and don't even keep a public list of the startups who have completed their so called "cohorts". Let alone do any form of exit tracking of their onward success in the future. WITLF O.O
Most so called "Accelerators & incubators" are where Startups go to die. They kill them dead, ensuring their death by the time they finish their so called "cohort".
”No they aren’t! No they Aren’t!!” snapped back the Fraudsultant, the last guy I said this to. (Fraudsultant is my term for startup industry CONsultants, which generally are pay for play bloodsuckers providing zero to very limited value to startups & founders or the industry & often have the most toxic & predatory-only compensation models & never have any valid verifiable results.) This particular Fraudsultant is a part timer, and a full time government funded schoolteacher. He is effectively a government welfare case. He isn’t working for the private sector and has never done so. He has never built a business in his entire life. He has never built a startup business model business either. He was literally triggered by my statement emotionally to rage-quit the conversation after I countered his authoritarian supremacy ‘No it’s not!!” insistencies, when I then asked him what startups have been funded out of any of these in Phnom Penh, name some. He couldn’t name a single one of them. He finally spit out a name and that one was not funded nor part of one of these. In fact it was funded by & partly built by a rich foreign elite kid with a rich family, not a standard merit based startup funding, which is the entire purpose of and need for accelerators & incubators in the first place, because those people don’t have the rich successful family operators to be able to fund their businesses in the first place, so they have to go to incubators and accelerators to hope to find the investors. It was then piled onto with further investment by one of the local “accelerators”, supposedly. The deal terms are not public at all, no one can follow it thus, nor learn from it, it’s not open, repeatable, and probably was demanded to be private due how microscopic the funding was.
Of course, he and everyone with the Government welfare mentality, ignore how many startups apply to these orgs, and what the failure to get funded rate actually is. A 100% whitewash excuse program then ensues, with no public tracking of results. Zero data for anyone to see, and ALL the startup alumni hidden from public view, with no investment at all into promotion, tracking, current status, and definitely no ongoing nor long term feedback mechanisms and any public reporting from the founders well post-exit as to the value of that course of action and what actual results, if any at all, were actually experienced and or gained there, and at what cost, and was it worth it compared to other paths, would they do it again, and what other paths do they suggest be built?
Of course this industry, does NONE of this “Exit poll tracking” at all, and would manipulate it if they did, to pressure or buy off or incentivize the founders to give good reviews, or trick them into it, continuing the entire industry wide conflict of interest that exists and persists, not wanting to piss someone off in fear that it might possibly cost them an investment, or an opportunity. The desire to continue never criticizing anyone or anything and always suckholing to the system, is a cancer that destroys nearly all organizations public or private, and you can see the devastation of this Government-welfare-mentality on the Startup industry as well, continuing to degrade it over time, to the point there are even now 4 needed categories due the continual systemic degredation, and probably each of these 4 need to be split into two more, at least, due the actual real and genuine original startup model has been so perverted by these bureaucrats that most of them come with the Government-welfare-mentality full highjack of freedom & a huge litany of progress, innovation, and investment killing regulations have been added and demanded and forced on top, thus eliminating entrepreneurship completely as well, and eliminating all kinds of business models, entire sectors of the economy which are key to the human future, and skyrocketing costs, timeframes, problems and hurdles, and even worse.
The vast majority of these orgs ONLY care about advertising a new flow of suckers to come into and join their “cohorts” as their model, & those who come out of it on the back end are quickly and instantly discarded & deemed not useful to them anymore at all. How will they bloodsuck or monetize off them any more when they already went through their pipeline? They are done and onto the next. There is no follow up, no feedback mechanism, and they don’t want one either because it will be full of failures, complaints, critiques, disgruntled people, and might even open up some class action lawsuits for exploitation, extortion, misleading advertising, and more, despite they effectively legally bulletproof themselves from this in their hold harmless contract provisions & the founders are all forced to sign or gone is their chance in their minds to ever be able to find that elusive investor that is required and needed to cover the construction costs of their startup.
In fact, the last one I just looked at, doesn’t even so much as have a website. they are hosted instead, on a University’s website, if you can even believe it. Not only that, but they don’t even so much as have a standard self serve web app where the startups or investors can make an account and fill in the form which then would show a list of participants and status, or any tracking at all. The University doesn’t have one either. This is nothing more than a spreadsheet and a basic U.I. which can be made or bought for about $399 & probably 1000 different forms of this is free on github.
Okay, in two seconds I punched this into Nazoogle & up came endless numbers of free including even free template websites they could have done it on as well. And these people are supposedly going to incubate something??? Accelerate something?? They don’t even have a website. They don’t even have a web app FFS. Who the F are they supposedly going to incubate or accelerate? Who the F do they think they are kidding? Yet they puff up their noses and chests like they are the almighty authorities beyond question, and being a government stoolie made them that way, the literal cancerous government-welfare case-mentality.
They don’t track their exits, their exit performance, their deals, their investors, they have no one on the back end keeping tabs on the startups to see how their fundings are going, investor meetings, none of them have ever even been in contact with YC, 500 startups, Techstars, Sequoia, VClab, no one. Practically no one from silicon valley has ever been invited. Practically no one has stepped foot in their office from silicon, even the bay area, even california ffs, and if any founder ever did show up from, who was seeking investment, they would raise their noses instead of taking any critique, and say something like “we aren’t trying to copy what’s happening in there.” So then take the name incubator or accelerator off your website and documents. Call it a course or a school instead which is what it is. It’s not an accelerator, nor an incubator, if you aren’t actually focusing on actually getting anything fundedt hen you aren’t even engaged in the startup business model and have NOTHING to do with the startup business model industry.
Pretense that you are doing something with startup, incubating or accelerating, merely to leave them to die without investment, intentionally, even deceptively not explaining this to the founders, with the excuse and facade of “we are getting them investor-ready but they have to find the investors themselves” Means you are at best, a school, NOT an “incubator or accelerator” LOL. That’s misleading advertising and it’s delusional & wildly incompetent at best, deliberately deceptive, manipulative and exploitative is probably the more adult outtake.
But actually, most of these gov-industry budget lifers don’t even know. They are clueless and only many years of complaints from founders into it, do they ever even find out about what these things were supposed to be, even IF anyone ever gets the balls so say something to them in the most gentle kid gloves soft voiced suckholers take-aside strategy of help. :D It also takes generally years of founder experience and maturity growth to come to the point to use this strategy effectively, instead of merely acting as is completely warranted, to act in shock, utter disbelief, wide eyed, want to point at and call out, expose, & want to demand an instant end to the radical incompetence going on, and the disaster and total failure of course its causing and will cause, and if this isn’t done then of course there will only be years of carnage, wasted and lost generations, dozens or hundreds or thousands of destroyed startups, bankrupted founders, destroyed businesses and lives and thousands of lost jobs and endless amounts of wasted money, something these government welfare cases are generally doing as much of as they possibly can all while pretending that something else is ever coming out of their zero performance standard requirement “jobs?” there all while generating no sales, no profits, no investments, no exits, no IPOs, no funded businesses, no growth, no new products, no manufacturing, no new technologies, no fundings, no financings, no nothing for actual startup founders and they of course never joined them, never funded them, never did any of this themselves they are just “doing a program” like yet another school class of many for their curriculum that they just have to get through among many others and they are instantly done with their students the second they finish that class for the semester.
It’s merely a paper mill. A fake online degree mill. The students are funneled through their ‘class curriculum’ their ‘program’ all on government or NGO or corporate money, and the outcome has no bearing to them at all, they couldn’t care less. They aren’t a part of it, they aren’t invested in it, they don’t have a vested interest in it’s success, and definitely aren’t ever hurt by it’s failure. They have no cost in it, they have no skin in the game.
“They have no cost in it, they have no skin in the game. What is your risk? What is your performance guarantee? How many investors matchmade or your money back? How many investor report cards? Where is the report card?”
Oh you NEVER get your money back. No one ever does. Many of these chop shops charge equity too then send them on their way unfunded and this is literally their model, push as many through without any cost, no skin in the game, and no cost when they fail and no repercussions at all, no recourse available at all, no risk at all, with the idea that “if we push through 100 startup suckers per year and take 5% equity if one of them ever gets funded which we don’t really care about nor have to since we have zero vested interest, then we could have a huge windfall from that which we don’t deserve as we didn’t do anything but send them through a class anyway.”
This is literally the intention of many of these chop shops as well.
There is of course the alternative of charging an up front fee and taking no equity, which is much more founder beneficial in the long term, but for the 99% of humanity that can’t afford another class, and for the 100% nearly of startups that NEED capital and of course won’t have the capital which is what the startup business model actually is, is a business construction plan on paper meets investors to fund the construction, either in stages or to completion, model, they don’t have the $3,500.
These orgs could then arrange the finance for them, or if they are government funded or NGO or foundation funded, they could then do it for free. Why are they charging fees or equity?
If the Founders don’t have the $3,500 then why aren’t there vendor loans on say a 10 year government contract with lower interest, with deferred payments, for less equity if the government doesn’t want to foot the bill for the potential losses? These orgs don’t care. Their pricing models seldom are made in the minds of thinking how it is for the “starving student founders” and are government-funding-budget made where there is endless free helicopter money from the sky for their “programs” and budgets instead without ever having to think from the founder’s perspective, and they aren’t one, never were one, and won’t be one, and won’t join one, and “won’t be funding one oh god no!” LOL. Hypocrites!
And not one of them has their own fund I have noticed. Never heard of one that has one. YC does. But nothing outside of silicon. Never heard of it before. I’m sure there are some more, well NOT sure because I don’t know any, but I’ve pitched at more than 40 and NONE of them would ever begin one nor even think of it and if brought to their attention they would be shocked and think “Oh no we would never do that thats what the investors are for! What would we do that for?”. LOL. Right, what would you ever want to get in on that upside for, be able to actually get the returns for of those you “incubated or accelerated” right? “Oh well we don’t have to do that you see, we can just exploit 5-7-10% out of the founders for free without ever having to put in a single dollar instead!!” they insist. Do you see how this fraud works folks?
If I made an accelerator I would of course be making a fund for it first & would NEVER think to rely on outside investors for the money to fund the startups with. I mean this is basic minimum competence. MINIMUM. Have your own fund and decide what will be and won’t be funded. If you are useless at this choosing then you can have a panel of other investors sure, bigger the better, and you can co-invest with them if you want, but Either to miss out on the upside, or to have to charge the startups, or to have to have them go outside to get the investment, is not only irresponsible but in fact self-defeatist and delusional and screams incompetence at minimum and almost like a form of conflict of interest, and that is of course generated by the lack of need for skin in the game at all, generating that lack of care of the actual outcomes.
To actually be someone competent of making an accelerator, the manager must be mentally engaged enough in intentions to make a fund, FIRST so that they can fund the startups and not ever have to rely on outside investors at all. It should be the priority. If they think they can polish up a bunch of existing startups to then be able to attract the investors they don’t have now, it’s a ridiculous strategy doomed to not only fail but of course take many others down with them and really not generating any quality outcome based results in comparison.
The idea of “building up an ecosystem and then the investors will magically materialize out of nowhere” is not only wholly incompetent but insane and delusional and not ever has this ever been any reality anywhere in the world and certainly wasn’t for silicon valley. The success that came from doing it the right way, completely opposite to this, is what attracted the throngs of investors running to silicon valley. Also they had a center of huge deepstate government technological investment, the literal operation paperclip defcon MIC & nuclear research & intel agency-internet Rockefeller nexus in silicon valley-San jose-San francisco amid a Rothschild Fed reserve bank & the military-pacific fleet harbor of the bay and all the investment and technological development for the entire pacific & the billions in funding involved for the Defsec & intelligence industries. Few ever talk about this side of it.
Cambodia blows 100 million a year on their “after school special startup industry” if you can even pretend it’s anything but this. 100 MILLION. How many startups are funded out of this each year? ZERO. ZERO. No one can name one. Everyone has a lie about some tech company that was eventually funded, the tiny handfull that ever were, the popular names. But they were all organically built, they weren’t startups, they built organically as small businesses first, through revenue and profit, and then were funded to scale. That’s NOT the “startup business model”.
If they cancelled this 100 million in funding tomorrow, and made a 100 million dollar fund, they could instantly fund 400 startups $250,000, more than the entire history of the country has ever funded and certainly more than they will fund in here in the next entire 10 years. In 10 years from now they will still not have funded 400 startups. There is no way it’s gonna happen. There is no way. In the next year even 10 won’t be funded. Just watch. Not even 10. Just watch. Will even 10 already profitable tech companies who had to do it organically and did, will even 10 of those get funded even $250,000? It’s unlikely. Highly unlikely. In fact I’ll be happy to bet $100 it’s not gonna happen. Not even this. What a disgrace. A total disgrace.
And that 100 million could fund 400 more next year also. And the next and the next instead.
And you know what would happen if Cambodia had 400 startups funded this year? It would be the talk of the entire startup and investment and business world. It would be pacing India and China and destroying Europe wholesale in number of funding outcomes. And 400 more would get funded from other investors flocking to it. But it’s not gonna happen. And these people will never fund someone like me who would have the capacity to choose the 400 likely better than anyone else, they wouldn’t even do it among a panel of local operators who went on to success. They won’t do it. 1 Billion dollars only, split into 10 pieces, 1 per year, to guarantee the funding of 400 startups a year, making it the hottest per capita startup funding destination in human history, and no government would ever dare put up that measly one billion dollars. 2.2 Billion dollars a year in so called “AID” money is stolen through Cambodia but all these Dev-fraud industry F-ng liars and fraudsters. They could fund it with less than half their budget for only one year. They would have no problem at all getting the loan for it too & spending nothing but the interest on it, which the returns on this fund would far outpace by magnitudes as well, and only have to produce 1 measly unicorn out of 4,000 funded companies in 10 years to pay it off.
They will never do it. Never. They will gladly lose generations instead. More of them, they have deliberately lost 16-20 of them, if you count one as every 5 years, but every year there is another graduating class wave, and they are deliberately losing them all, year after year, destroying their lives and their futures, deliberately holding them back as lying that supposedly they are doing anything else. Liars, and thieves.
And the government? we can criticize them right? But all governments, not one is doing this. What a joke. What a total disgrace to humanity all of them are. A total disgrace to humanity. Refusing to fund the youth, the innovators, the inventors, the great inventors, the entrepreneurs, the job creators. Refusing, because they own industry and they don’t want any competition. Or they are bribed not to by those who do who fund their campaigns.
You can not even be taken seriously to speak the word development and not be funding and organizing the funding of startup funds in a world requiring startups for economic development and growth, in a technological society, and in a world where 99.9997% of 50 million new founders a year will NEVER get a startup deal in their entire lifetimes. If you use the word development without this in mind, you are a F-ing fraudster and a liar and should fire yourself and get the F out of the business & demand a startup founder/operator take your chair instead and recuse yourself for wholesale incompetence and declare yourself a not fit for office holdback to humanity.
The Dev-Fraud industry, it’s a Fng joke. A total disgrace. 70,000 NGOs in just the Grok sifting alone. 3200+ in cambodia and not one startup fund in human history, in all of their lives. Not one. And not one genuine funding of for any of them to produce a single document for. Not one.
We need licensing for the use of these words, development, startup, incubator, accelerator, and they have to have minimum standards as per my chart above and minimum standards of sole founder and family business entrepreneurship, real inclusion instead of the wild exclusion focus of the industry, bottom up not top down, early stage not late, out of the main centers not in them, big city building in and sponsoring and endowing small foreign in big brother little brother standard, and every accelerator should be forced to have their own fund because you aren’t a real nor genuinely intended accelerator if you aren’t building one and I would say if you don’t have one especially this day and age.
I’m the world’s #1 Breakthrough Energy Innovator, “likely” in history, with more than 5,700 new energy & energy related techs, & pitched in 40 of these bullsh*t centers and never seen anyone or anything get funded. We are also unfunded, and I guarantee none of the so called “programs” in this country nor any of oligarchs will fund us, this is clear. I would love to be wrong on it, it’s not gonna happen just like it never happened for Jack Ma after 15 entire years on his entire continent, and countless HUNDREDS OF MILLIONS of others like him.
I’m looking for my Angel investor, I only need 35-50k more to commercialize and get revenue and profit to then show it off no doubt many will finally pile on. If you are sane enough to handle this, it wouldn’t take much for you to fog this level of certain IPO following understanding competence, then reach out to me so I can make you a ton of money, off my back. Maybe I will have to be the very first guy to ever make the very first legitimate startup fund in the entire history of this country. If I did, I expect NONE of these NGOs nor Dev-Fraud so called orgs, would ever help, and could never be trusted to nor expected to put in a single Fng dollar.
Here is my social media. I will go on tuesday to interview showing up at one of these new so called “accelerators” that don’t have a fund, a website, a webapp, or even a genuine intention of such, and ask them a list of questions. I doubt they will even answer because they will see where it’s going and they won’t intend to be that honest.
Change The World takes bravery, and takes doing things that others aren’t willing to do, like tell the Fng truth, and fight for what is right and face some exclusion for it by the corrupt. Don’t worry, they weren’t gonna help anyway. Now fund my Fng startup. I’ve got a mission to finish.
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