500 Startups Is Fixing The Accelerator Model – Moves To Yearly Admission
500 Startups is getting rid of its cohort model for accelerating companies and moving to a rolling admissions process.
“Demo is changing the way it runs its accelerator to be rolling recruitment,” said Aaron Blumenthal, Head of Accelerator at 500 Startups.
Aaron said; “It will be making investment decisions year-round instead of twice a year. Demo Days will still happen twice a year, founders can pick which Demo Day they want to be a part of.”
Blumenthal explained the switch in a blog post. Writing:
This new flexible approach reinforces our continued commitment to invest in founders from all over the world. We realize it’s not always feasible for every founder to move to San Francisco for four months at the drop of a hat, and we want to accommodate for that.