2000 accelerator business incubator VC 
Y Combinator
AUGUST 5, 2019
The only model of institutional seed funding was the “business incubator” model, where VC firms would fund well-connected founders they knew and incubate them in their office. Because these companies wouldn’t raise VC until they were much further along and had leverage, the balance of power shifted.
TechCrunch
JANUARY 21, 2021
It wasn’t long before venture capital firms started up and major tech companies like Microsoft, Google and Samsung had R&D centers and accelerators located in the country. As in other countries in “COVID 2020”, VC tended to focus on existing portfolio companies. This came decades ahead of most western governments.
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