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Entrepreneurship News

March 21, 2014

Tech accelerators grab for equity


Crain’s New York Business
March 9, 2014
Tech accelerators grab for equity
Entrepreneurs embrace the havens for startups, but is the cost too high?

The two years Riggs Kubiak spent at NYU-Polytechnic's clean-tech incubator, the Accelerator for a Clean and Renewable Economy, helped him develop a formal business plan and get comfortable talking to investors. So comfortable, in fact, that he raised $5 million in venture capital the following summer, in 2012.

But while he was at ACRE, the CEO of Manhattan-based Honest Buildings took a pass when several accelerators encouraged him to apply to programs where he'd have to trade equity for cash.

"I didn't want to do it because you know that if you raise venture capital, you're going to wind up giving up a lot of equity anyway for a lot more capital," he said. His company, an online network, connects landlords and developers with building professionals such as architects. "For me, it's a nonstarter."  Read more.
 

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Robert Reffkin '03, founder and CEO of Urban Compass, reflects on the power of the Columbia Business School network and recalls a personal leadership course that helped him follow his passion.

 

Fall 2014 Events

September 23, 2014

Lang Center Information Session
12:30-2:00PM

September 30, 2014

Innovation and Entrepreneurship at Columbia Program Information Session
12:30-2:00PM (Columbia Business School)

October 27, 2014

Entrepreneurs in Residence Program Kick-Off Event
6:30-8:30PM

October 28, 2014

Innovation and Entrepreneurship at Columbia Program Information Session
12:30-2:00PM (Engineering School) and 6:00-7:15PM (CU Medical Center)

October 29, 2014

Annual Fall Venture Fair
6:30-9:00PM

November 6, 2014

Entrepreneurs in Residence Workshop - Laurence Blumberg '94
12:30-2:00PM

November 11, 2014

"Pitch to an Entrepreneur in Residence" Session
12:30-2:00PM

November 13, 2014

Entrepreneur in Residence Workshop - Wim Sweldens
12:30-2:00PM

November 18, 2014

Entrepreneur in Residence Workshop - Asha Saxena
12:30-2:00PM

November 20, 2014

The Entrepreneurial Greenhouse Program Peer-voting Event
12:30-2:00PM

December 2, 2014

Entrepreneur in Residence Workshop - Jim Moore '95
12:30-2:00PM

December 5, 2014

The Entrepreneurial Greenhouse Program Admissions Event
9:00-5:00PM