I have a few ideas for a company, and plan to get started sometime this fall. I know of an accelerator that focuses on this vertical, and I have contacts there so reaching out to them would be pretty easy. Here are my questions/concerns.
Exit Strategy: I don't really want one. I want to start a company and work there for a long time. Will I get squeezed into selling to reward investors?
IP Leakage: A few entrepreneurial friends have been burned by people taking their ideas & running with them. Since this is a vertical specific accelerator, they have deep contacts in the industry. I have some concern that they'll run with my ideas.
Funding is good, but I think the biggest up-side would be the publicity and the contacts within this industry. I'm sure to get this off the ground much faster with their help, but there's a cost. I guess the core of my concern is that going through an accelerator feels like I'm giving up control. I'm not sure if that's warranted or paranoia.
Anyone here have experience with accelerators that they can share?