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ERA cofounders Aktihanoglu (standing) and Axelrod (seated) in front of startup companies at ERA's New York City headquarters. Entrepreneurs Roundtable Accelerator (ERA) was founded in New York City in 2010 by Silicon Valley IT veteran Murat Aktihanoglu, serial entrepreneur Jonathan Axelrod (creator of MusicGremlin online music platform), and Charlie Kemper, venture capitalist.
If the accelerator doesn't offer a common workspace, the teams will meet periodically. The primary value to the entrepreneur is derived from the mentoring, connections, and the recognition of being chosen to be a part of the accelerator. The business model is based on generating venture-style returns, not rent, or fees for services.
Antler runs a combined incubator and accelerator program that lasts for several months and has two phases. [ 2 ] [ 4 ] [ 5 ] [ 6 ] The Antler "Residency" helps entrepreneurs find co-founders and teams to help develop their business idea, and invests in the startups that are thereby generated.
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Y Combinator interviews and selects two batches of companies per year. The companies receive a total of $500,000 in seed money as well as advice and connections. The $500,000 in funding is made up of $125,000 on a post-money SAFE in return for 7% equity and $375,000 on an uncapped SAFE with a "most favored nation" ("MFN") provision (i.e.: "we get the same best terms you give anyone else in the ...