Startup investors set to gain from global downturn
During today's economic global downturn, some of tomorrow's biggest companies are just getting their start. So if you are looking for that 'life changing investment', then you might just find it now in a startup accelerator program.
For decades an MBA had been almost mandatory if you wanted to get into the upper echelons of business and understand the world of investing. But now a new sort of training, the 'Startup Accelerator' is springing from the world of high-tech start-ups, moulding the entrepreneurs of the future, whilst providing new prospects for early stage angel investors.
"Accelerator programs have become one of the most powerful and valuable resources for entrepreneurs seeking to learn rapidly, build powerful networks, raise capital, build their startups and do this at speed and scale", said Dr Birdthistle, Associate Professor of Entrepreneurship and Innovation, Business School Griffith University, and co-author of the new book published by John Wiley and Sons, called 'Startup Accelerators'.
Some of the biggest startup names around today were born out of accelerators, including Airbnb, Reddit, Dropbox and Instacart – these companies were also born out of the ashes of the last recession.
Dr Birdthistle's new book features research into successful Accelerator programs such as Techstars, Y Combinator and 500 Startups, which have become the new breeding ground for a wave of entrepreneurs.
Y Combinator accelerator, for example has launched over 2000 startups globally since it began in 2005, with a combined valuation of $155 billion. Techstars accelerator has launched 1600 companies with a combined market capitalisation of $18.2 billion.
"Recessions can force founders to build real businesses with real customer appeal rather than relying on concepts and slideware, and it tends to enforce long-lasting fiscal discipline", said Dr Birdthistle, "so keep your eye out now for that next big thing investment".
'Startup Accelerators' is available now in wherever books and ebooks are sold, priced $40
About the Startup Accelerator Authors
DR NAOMI BIRDTHISTLE (PHD, MBS, BA Hons) is Associate Professor of Entrepreneurship and Business Innovation at Griffith University and is a visiting academic to Aalto University-Mikkeli campus. Naomi has published research on entrepreneurship education, entrepreneurial ecosystems, and family business management issues. Her research has received numerous awards including Emerald Literati awards, a best Doctoral Dissertation Award from the Family Firm Institute, and the Institute of Small Business and Entrepreneurship (ISBE) best paper in a conference track. Naomi has run her own consulting business and has worked in her family business in Ireland.
For more info https://www.accelerators.guide/
Bronwyn Evans Marketing Manager, Wiley
Dr Naomi Birdthistle: