I recently met with one of the female CEOs in whom I’ve invested to encourage her to apply for the MergeLane accelerator. I encouraged her to apply because she is an exceptional entrepreneur who has been making impressive progress with her business. She asked me a great question: “As an investor in our company – a company that has already raised angel capital – why do you think we should join an accelerator?” I wanted to share my thoughts.
Here’s why I, as an investor in her company, think she should apply. I hope my perspective will help other entrepreneurs and angel investors understand why MergeLane might make sense for post-angel raise, and other later entrepreneurs:
To sum up, I think top accelerators – including MergeLane – can materially advance the progress of any company that is wired for success and is facing a crucial milestone in their business. Whether it’s the first seed round, last venture round, expansion of sales or a company re-invention, I think a solid accelerator experience can deliver tremendous value.
The “Magic Genie Fallacy” phenomenon, in which people start to believe that they need someone else’s magic advice to propel themselves forward, can be counterproductive to both the lamp seeker and the lamp possessor.
Read more ➞I would like to publicly thank my mom for sending a cool and collected text message after her recent accident. That simple message gave me hope that offering kindly candid feedback can, in fact, improve relationships, including the one I have with my mom.
Read more ➞Some of my biggest accomplishments and happiest moments have stemmed from a feeling of discomfort. I am going to publicly commit to staying out of my comfort zone for at least six weeks.
Read more ➞I allowed myself to include all of my “ridiculous” wants and aspirations on my list of 2023 goals, one of which was “finding a coach and co-collaborator who would agree to hold meetings from the chairlift.” Believe it or not, I was actually able to manifest that.
Read more ➞