CEHV Partner and YFI contributor Adam Cochran, in a post on X platform, expressed that most “accelerators” are scams with no value. If you're looking for an accelerator, he provided the following rules:
A valuation of $3-5 million should be the absolute minimum.
Investment should not come with any project fees.
Housing (referring to general hardware support) should not substitute for cash.
Legal advisory-related fees should not be included in the investment.
Proportional allocation.
There should be no board seats.
Connections are crucial (referring to resources provided).
Accelerators and their teams should never demand advisor equity.