Accelerators can give your business a jump start
The classic image of the would-be entrepreneur hoping to start the next Apple or Google is someone working on a fledgling enterprise in a garage or dorm room.
But working from home can be awfully lonely. And if Mom, the kids or hubby keep interrupting, it's hard to create the next big thing.
Now, entrepreneurs have an alternative — spaces dedicated to early stage and novice business owners.
Rocket Space, in a very cool building in San Francisco, is one of the premiere accelerators.
Founded two years ago by tech entrepreneur Duncan Logan, Rocket Space quickly has become the location of choice for entrepreneurs beginning high-growth technology companies in the Bay Area.
Rocket Space is considered an accelerator, and it helps to understand the options for new businesses, keeping in mind that these definitions are not strict.
• Incubators — for very early stage companies. Typically high competition to be accepted. They have no out-of-pocket rent. In fact, expect to receive money and hands-on guidance as well as space in return for equity in your company. This equity costs dearly in the long run, so make sure you are working with people who have a proven track record of success.
• Accelerators — for high-growth companies after incubation stage. The best help high-potential companies grow quickly through introductions to customers, financiers or key employees. They may charge rent and/or take equity. True accelerators are highly selective.
• Co-working spaces — straight-forward, turn-key rental space. You get a desk — either assigned or drop in — Internet access, conference rooms included or for an extra fee, and often some kind of coffee service or even a cafe. You do not give up equity and no lease typically is required. They are not very selective.
• Hacker houses — sort of hostels for techies with a partylike atmosphere for coders, who are typically young, male and foreign. They often are incredibly expensive, upward of $1,500 a month for a bunk bed in a shared room.
Show commenting policy
TribLive commenting policy
You are solely responsible for your comments and by using TribLive.com you agree to our Terms of Service.
We moderate comments. Our goal is to provide substantive commentary for a general readership. By screening submissions, we provide a space where readers can share intelligent and informed commentary that enhances the quality of our news and information.
While most comments will be posted if they are on-topic and not abusive, moderating decisions are subjective. We will make them as carefully and consistently as we can. Because of the volume of reader comments, we cannot review individual moderation decisions with readers.
We value thoughtful comments representing a range of views that make their point quickly and politely. We make an effort to protect discussions from repeated comments either by the same reader or different readers.
We follow the same standards for taste as the daily newspaper. A few things we won't tolerate: personal attacks, obscenity, vulgarity, profanity (including expletives and letters followed by dashes), commercial promotion, impersonations, incoherence, proselytizing and SHOUTING. Don't include URLs to Web sites.
We do not edit comments. They are either approved or deleted. We reserve the right to edit a comment that is quoted or excerpted in an article. In this case, we may fix spelling and punctuation.
We welcome strong opinions and criticism of our work, but we don't want comments to become bogged down with discussions of our policies and we will moderate accordingly.
We appreciate it when readers and people quoted in articles or blog posts point out errors of fact or emphasis and will investigate all assertions. But these suggestions should be sent via e-mail. To avoid distracting other readers, we won't publish comments that suggest a correction. Instead, corrections will be made in a blog post or in an article.
- EPA says it won’t regulate coal ash as hazardous waste
- ‘Cause for Paws’ telethon helps dogs find homes
- Coal ash sites have tainted hundreds of waterways, aquifers
- Real estate union: Howard Hanna buys Langholz Wilson Ellis
- As smokers seek Cuban cigars, retailers point to trade embargo
- ExOne Co. moves solidify authority under CEO
- 8 Western Pennsylvania hospitals penalized over infections
- Upscale Verano takes part in Buick’s success
- Beacons track shoppers’ smartphones amid retailers’ aisles
- Peet’s Coffee & Tea closes its 3 Pittsburgh stores
- Pennsylvania jobless rate drops to 5.1 percent