Adam Cochran, partner at venture capital firm CEHV: Most “accelerators” are scams without any value

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.