E1054: The Power of Accelerators E3 Siobhan Dullea, CEO of MassChallenge on running a non-profit accelerator, accepting hundreds of companies per year, what makes a great application, why East Coast investors are more conservative & more!
This Week in Startups
Jason Calacanis
4.4 • 1.3K Ratings
🗓️ 6 May 2020
⏱️ 65 minutes
🧾️ Download transcript
Summary
3:09 What is MassChallenge & how is it different from a typical accelerator?
5:48 How many startups do they accept across their different programs?
11:33 How does their prize money situation work? How are the winners selected?
19:05 How is MassChallenge sustainable as a non-profit
22:55 How is MassChallenge funded & how do they track portfolio success, what government & corporate sponsors looking for out of MC?
29:22 MC's top accelerator companies
32:24 What makes for a great application?
39:00 Why are East Coast investors obsessed with intellectual property? Why are they more conservative?
44:10 Thoughts on virtual accelerators?
47:20 Red flags when accepting companies?
50:08 What will change post-COVID-19?
Transcript
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| 0:00.0 | This Week in Startups, The Power of Accelerator series, is brought to you by Emboker. |
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| 0:26.7 | Angel 10 and LinkedIn jobs a business is only as strong as its people and every hire matter in towards your first job post. Hey everybody, welcome to another episode of this week in startups. |
| 0:45.0 | Hope everybody is taking care of themselves during the coronavirus. |
| 0:49.0 | Thank you to all the frontline workers, delivery people, thank you for your service, doctors, nurses, janitors, EMTs, |
| 0:58.0 | everybody on the front line. |
| 1:00.0 | We really appreciate your service. |
| 1:02.0 | And we are now dealing with some of the second order of business issues, people's lives, obviously come first and livelihood second in most people's estimations. |
| 1:11.0 | So we're going to keep talking about business and we're going to keep talking about |
| 1:14.2 | startups. Startups are in a lot of ways the driver of our economy startups most often |
| 1:22.3 | fell and the founders learn a lot of startups most often fell. |
| 1:23.0 | And the founders learn a lot of lessons and then they get back to work and take those |
| 1:26.7 | lessons to other companies or they start another one. |
| 1:30.0 | And once in a while those tiny little companies get really big and change the world. |
| 1:33.6 | You know the names Apple, Facebook, Google, Uber, Robin Hood, a lot of great companies out there |
| 1:39.3 | all started and backed by venture capital angel investors seed funds and of course accelerators |
| 1:47.0 | formerly known as incubators and today on the program we have the CEO of the Mass Challenge |
| 1:52.0 | which I spoke out years ago when it was a conference, and it's a bit of a hybrid here. |
| 1:57.4 | It's a conference and it's a accelerator. |
| 2:01.0 | It does a lot of different things, and we're going to find out all about it. The CEO and former |
| 2:04.8 | C.O. is Chivond- Delay. |
| 2:07.4 | Chivon, are you there? |
... |
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