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Charging startups to apply to an accelerator is exploitative and dumb

http://ift.tt/2ajIz6S money-208 Yesterday, a little birdie told me about Nextt, an accelerator (probably more accurately referred to as an incubator) for early-idea-stage startups. The idea is to take a napkin-stage idea and turn it into an MVP of sorts in six weeks. Not a shabby idea, but the insidious thing here is that Nextt charges $100 per idea. Not to participate, mind you — to apply. Read More

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