caruizdiaz
Joined 11 years ago
Joined 11 years ago
If you have zero experience running a business from an operational standpoint, i.e., incorporation, accounting, taxes, contracts, then an accelerator can offer valuable help so that you can have "one less thing" to worry about.
Apart from that, the most important thing is the terms of the deal they'll make with you. For example and as a general rule of thumb, more than 10% of your company for less than $100k is something you should reconsider, especially if you are in the US.
The reputation of the accelerator is also important. YC, 500, Techstars, AngelPad are all renowned brands. Study their portfolio companies to understand what their investment thesis and success rate are.
In general, my opinion is that getting into an accelerator can be very valuable for first time founders and if the deal they offer is good, and their track record compelling, I would do it.
It's also very safe [1].
About Stripe Atlas, I only have good things to say, too. As a US NRA, I'm very grateful that it exists.
[1] https://mercury.com/blog/understanding-bank-sweep-network
Bootstrapping it from the start, a few customers, going slow but always forward.
I got rejected by YC after after being invited to the interview but I decided to continue bootstrapping it and maybe apply again later after getting to clear PMF.
They run mastermind groups a few times per year where they match you with founders in a similar state to you. It can be very helpful if you are looking to build deeper connections with other founders.
Despite that, I'm thankful for the family and friends I have that support me no matter what.
This too shall pass.
I did notice I can articulate ideas better and think clearer, but I also noticed the bad parts of my personality traits such as anxiety and obsessiveness increased and I had to develop new mechanisms to keep them in check.
This just proves to me that the old adage of ignorance being a bliss may actually be true.
For example, going outside to get sun and physical exercise work fine for me 8 out of 10 times.
Other times, when the dread is related to an existential crisis about feeling that I'm not enough or that I will never succeed with my current startup, I stop, get some rest/sleep, go for a walk, watch motivational videos and talk to friends. Some times, all of this in sequence.
Feel free to DM me on Twitter if you want to chat more. My handle is the same as my username here.
We can't really blame their customers either. I just hope they can sustain the withdrawal rate.
When I confront it on the mistake it just says it is sorry but keeps repeating them.
I read every single comment, even the ones that shouldn't have been posted for their utter lack of empathy.
You can pay with Pix in Paraguay since the largest privately owned payment processor implemented it and it's available within all payment terminals (POS) across the country.
The government of Paraguay also runs a similarly good system called SIPAP, that is replacing card payments because it's faster and free to use.