UI Breakfast: UI/UX Design and Product Strategy Episode 108: How Startup Accelerators Work with Nina Stepanov
May 25, 2018
Nina Stepanov, Associate and Head of Platform at Acceleprise, shares her insights into the world of startup accelerators. She explains how these programs, typically lasting four months, offer valuable mentorship and networking opportunities for founders. Topics explored include the balance between founder autonomy and accelerator guidance, the common profiles of startups that apply, and the real benefits beyond funding. Nina also clarifies investment terms and discusses why some startups don't fit into the accelerator model, making this a must-listen for aspiring entrepreneurs.
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Episode notes
From Marketer To Accelerator Lead
- Nina transitioned from marketing and program roles into venture after a stint at Techstars.
- She now runs Accelerize's New York program, blending operational experience with investing.
Accelerator Value Is Mostly Network And Guidance
- An accelerator pairs a modest cash investment with intensive mentorship and introductions to accelerate growth.
- Accelerize claims four months in their program can achieve growth comparable to much longer independent timelines.
Take Advice, Keep Final Decision Power
- Choose an accelerator whose values and advice you trust because you will still make final decisions.
- Use accelerator guidance but retain ownership: founders should make the final call for their business.
