Why Micro Accelerators Will Accelerate Growth of Internet-First Entrepreneurs by 2030
Earlier today, I stumbled upon a video of some friends I had the pleasure of working with a few years ago (from an ex-client, Draper Startup House). This included Shashi, Ashish, and Santosh — all from India.
First up, what is a micro-accelerator? In physics, it is a micro version of a particle accelerator, so any device that produces a beam of fast-moving, electrically charged atomic or subatomic particles. In business, a general accelerator is a program that supports early-stage startup through education, mentorship, and financing, typically in exchange for monetary compensation or equity. Generally, a micro-accelerator is a much shorter accelerator program, and more action-oriented.
Secondly, in the aforementioned video, speakers and participants talk about why “micro accelerators” will ignite the growth of Internet-first entrepreneurs. Here are some of the takeaways they shared:
- Choosing the right customer, the right team and the right mentors are the vital keys for early-stage entrepreneurs
- Help understand if your idea is fundable through brand building, sustainable revenue, and community growth
- Micro accelerators will create massive impact for entrepreneurs over the coming decade, especially in India
- There are a growing number of success stories coming out of micro accelerators in the US; this is different to mainstream accelerators
- A decade of learnings in entrepreneurs, ecosystem building, and community growth from all
If you’d like to watch the full session, what the video below (courtesy of Draper Startup House India):