Are Incubators Really Necessary for Startup Success? Twice a year, every tech website seems to devote lavish coverage to just what startups made it into Y Combinator’s latest class.
It’s the tech world’s version of covering the presidential primaries: Plenty of these companies aren’t going to exist in a few years (or perhaps even in a few months), but some may go on to do great things. For those of us actually bent on founding our own startups, the coverage creates mixed feelings. It’s great to see people actually making it. But all the press also reinforces the feeling that every startup needs to go through an incubator in order to succeed. That can be incredibly frustrating for startup entrepreneurs.
Incubators matter: The average Y Combinator company is worth $45.2M. Does it matter whether your fledgling company spends a stint in an incubator?
Does it ever! Forbes‘ recent ranking of incubators around the country found that the average Y Combinator company is worth $45.2 million. The dirty secret behind the incubator boom. “It’s people.
Soylent Green is made out of people. They’re making our food out of people. Next thing they’ll be breeding us like cattle for food.” Detective Thorn, Soylent Green By its very nature, entrepreneurship involves a certain amount of throwing spaghetti against a wall.