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The startup landscape has shifted dramatically: Accelerators must adapt or fade away

TechCrunch

Amid these turbulent times, the VC accelerator industry has emerged as a stalwart player. Importantly, the traditional accelerator model has enjoyed the fruits of these potential paradigm shifts. The number of accelerators has more than doubled since 2014 , while the number of accelerator-backed startups in the U.S.

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What Future for Accelerators?

Both Sides of the Table

Accelerators have had quite a good run the past 5+ years. Not just Y Combinator and TechStars but a host of other accelerators across the country. There were a lot of requests for us to turn our mentorship program into a physical accelerator with a fund, office space and full-time staff. But by 2014 much had started to change.

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Hear how to accelerate slow-moving industries on TechCrunch Live

TechCrunch

As you’ll hear, in 2014 and 2015, freight was ready for reinvention. Starting in 2014, wireless carriers began offering free smartphones, and once truckers got their hands on these devices, the industry quickly started to change. Convoy launched at the right time, CEO Chris Howard told me. Join the event here.

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Accion Systems raises $42 million in Series C to accelerate development of 4th-gen propulsion system

TechCrunch

The tech generated a ton of interest from big aerospace companies, but they decided to found Accion in 2014 rather than sell. As launch market matures, space opportunities on the ground take off. The company manufactures and assembles its product at its facility in Charlestown, Massachusetts.

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Korean VC Sopoong closes $8M fund for startups focused on environmental impact

TechCrunch

Sopoong was launched in 2008 by Jaewoong Lee , who co-founded South Korea’s largest internet portal operator Daum Communication, which merged with Kakao in 2014. Nine of the 16 portfolio companies are participating in Sopoong’s first accelerator program, which launched in June and runs for six months.

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Saudi’s Manafa raises $28m in Series A funding

AsiaTechDaily

In a statement, Manafa said it will use the fresh funds to accelerate its growth in Saudi Arabia and expand its offering with the launch of several products and financing solutions in addition to double the number of investors on its platform. Established in 2014, Wa’ed Ventures manages a portfolio of more than 40 start-ups.

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Finch Capital acquires Wirecard Turkey

TechCrunch

Explains Vlaar: “We see tremendous growth opportunities to further enhance payments for Turkey’s 80 million inhabitants. In 2014, it was wholly acquired by Wirecard Issuing & Acquiring Gmbh, which is a subsidiary of Wirecard AG.

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