Adam Cochran, a partner at venture capital firm CEHV and a contributor to YFI, posted on the X platform that most “accelerators” are scams without any value. If you are looking for an accelerator, here are some rules:
A valuation of US$13 million to US$5 million should be the absolute bottom line;
2. There should be no project costs incurred in the investment;
3. Food and accommodation (here should refer to general hardware support) should not be substituted for cash;
4. Investment funds should not include legal consulting fees.
5. Proportional distribution;
6. There should be no board seats;
7. Links are important (this should refer to relevant resources provided);
8. The accelerator and its team should never ask for advisory equity.