With this market uncertainty, entrepreneurs are better off planning for long-term growth than the quick-scaling approach.
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For startup entrepreneurs, participating in an accelerator program provides financial resources, an invaluable network and prestige, but the current public-health crisis has interrupted operations for many of them. For instance, Y Combinator’s next batch will be mentored remotely, and instead of investing in the entire batch, they will evaluate each startup individually to determine who receives funding. Meanwhile, 500 Startups is eliminating cohorts entirely and allowing rolling admissions, with two demo days and only one investment round per year. Other accelerators around the world are making adjustments to how they distribute funding in response to global economic uncertainty.
Entrepreneurs looking for guidance and funding for their ideas right now should consider other opportunities, and company builders provide an alternative for entrepreneurs in this uncertain time.
What is a company builder?
Company builders, also known as “venture builders,” provide comprehensive, long-term support for growing a company. Rather than accepting applications, company builders focus on cultivating potential ideas and leaders as part