Corporate accelerators have had a resurgence, but they are still plagued by old problems.
Following the success of startup accelerators like Techstars and Y Combinators at identifying new and highly valuable startups in the early 2000s, droves of corporates emerged hoping to replicate their model. Headed by tech giants like Citrix and Microsoft, the first round of corporate accelerators largely passed quickly, and the programs were discontinued.
Now, the idea seems to be making a comeback, although the drawbacks of yesterday’s generation of corporate accelerators are no less present today.
YC has backed some wild successes, with its top companies valued at a combined $100 billion, and 93 of its alumni companies valued at $100 million or more.