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In the past decade, startup accelerators have become an increasingly popular way to launch and grow a new business. These programs provide mentorship, resources, and connections to help founders turn their ideas into successful companies.
There are now hundreds of accelerators around the world, each with its own focus and community. Some accelerators are industry-specific, while others are geared towards companies working in specific geographies or markets.
But what makes a good accelerator? And how do you know if one is right for your startup?
Here are some success stories of startups that have been through accelerators programs:
1. AppDirect
AppDirect is a cloud-based platform that enables businesses to sell, distribute, and manage cloud-based products and services. The company was founded in 2009 by Daniel Saks and Nicolas Desmarais, and has raised over $300 million in funding.
AppDirect was part of the Techstars Boulder accelerator program in 2010, and has since gone on to become one of the most successful companies to come out of the program. AppDirect is now used by over 1,000 businesses around the world, including Microsoft, Samsung, and Deutsche Telekom.
2. Blue Apron
Blue Apron is a meal-kit delivery service that helps home cooks create restaurant-quality meals. The company was founded in 2012 by Matt Salzberg, Ilia Papas, and John Adler, and has raised over $200 million in funding.
Blue Apron was part of the Y Combinator accelerator program in 2012, and has since become one of the most successful food startups in the US. The company is now valued at over $1 billion and serves millions of customers each month.
3. Codecademy
Codecademy is an online education platform that offers free coding courses. The company was founded in 2011 by Zach Sims and Ryan Bubinski, and has raised over $40 million in funding.
Codecademy was part of the Y Combinator accelerator program in 2011, and has since gone on to become one of the most popular ways to learn to code. The company has over 25 million users and offers courses in 12 different programming languages.
4. Dropbox
Dropbox is a cloud-based storage and file-sharing service that helps users sync and share files across devices. The company was founded in 2007 by Drew Houston and Arash Ferdowsi, and has raised over $600 million in funding.
Dropbox was part of the Y Combinator accelerator program in 2007, and is now one of the most popular cloud-storage services in the world. The company has over 500 million users and is valued at over $10 billion.
5. Etsy
Etsy is an online marketplace for handmade and vintage goods. The company was founded in 2005 by Rob Kalin, Chris Maguire, and Haim Schoppik, and has raised over $200 million in funding.
Etsy was part of the Y Combinator accelerator program in 2005, and has since become the go-to marketplace for handmade goods. The company now has over 1.7 million active sellers and 30 million active buyers.
These are just a few examples of startups that have been successful in accelerators programs. If you're thinking about applying to an accelerator, be sure to do your research to find one that's a good fit for your business.
Success Stories Examples of startups that have been successful in accelerators programs - What an accelerator can do for your startup