Review on Alchemist Accelerator by Mathias David
My Review On The Alchemist Accelerator
TThe world we live in today seems to be a very competitive one, thereby making survival in this type of place a bit difficult and somehow "survival of the fittest" just that in our own world, the fittest are not the strongest but the ones with greater or better ideas. This competition is visible in our places of learning like school for example where the school authority gives awards to the best performing students. It is also displayed in our places of work where workers who performed best or who made the company move further is rewarded or given accolades. This has continued this way and is also displayed in the blockchain network and usage of cryptocurrencies. For example, when a coin or cryptocurrency as the case may be has numerous use cases, they seem to have a better market value than one with lesser use cases. This is also the same way in which start-up companies work and operate. The seed funding companies looks out for start-up companies with great potentials and make investments on such companies. This is because such companies with great potentials have a greater possibility or probability of becoming successful. These seed funding companies seems to be available on the blockchain network in their numbers and almost all of them seem to be good to work with and that's when the relevance of a review comes into play.
My review today would be on one of these seed funding companies, Alchemist Accelerator. Its name alone tells us that it is an a start-up accelerator. This company, Alchemist Accelerator seems to be a venture backed initiative that is focused on accelerating the development of early stage ventures that monetize from enterprise (this is directly from their site). It is a seed funding company that seems to be young in its age as it was founded in the year 2012. This is the youngest seed funding company I've ever seen and reviewed. This company was founded and managed by a Stanford lecturer (Stanford is amongst the top 3 colleges in the world and the fact that the founder of this start-up is a lecturer at this school makes the whole thing interesting), Ravi Belani and also have Danielle D'Agostaro as their partner. The company has its headquarters located at San Francisco, in California and serves all start-up companies from that location, making it a non-biased one. The company seems to have partnered with many other companies, some of which includes: Khosla Ventures and US Venture Partners, Cisco Ventures, and AngelList. All of which has contributed to the success story of the company today and has made its name climb up the ladders of greatness.
Gaining access to their programmes is as fast and easy as one can think. First, the start-up would have to pay a meager fee which is also affordable to get them recognized by the start-up company. It is also worthy of notice that this fee doesn't guarantee their acceptance (that is, the start-up acceptance by Alchemist Accelerator) but serves as a ticket of participation. Presently, their next application comes to an end on the 7th day of May 2021. After this fee is payed and the company is accepted, they would then run through some months of intensive training in which they would go through tips and strategies that would be of relevance to the start-ups in the future. The company is presently worth about 1.2 billion dollars and has a success rate of 52%. This rate might not look too good but it's above 50 percent which makes it above average.he
Pros
- They support start-up companies that are worth it
- They have access to all start-ups around the world
- It is owned and managed by a lecturer in Stanford
Cons
- None for now
