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An accelerator is a program that supports early-stage, growth-driven companies through education, mentorship, and financing. The goal of an accelerator is to expedite the growth of these startups within a fixed, typically short, period.
Accelerators offer startups a specific amount of capital in exchange for equity. They also provide mentoring, training sessions, networking opportunities, and often co-working spaces. The duration is usually a few months, culminating in a public pitch event or demo day where the startups present their business to potential investors. Examples of accelerators include Y Combinator, Techstars, and 500 Startups.
Pilot provides bookkeeping, CFO, and tax services for literally thousands of startups and growing businesses. We've successfully processed over 10 million transactions for our customers and have unparalleled expertise when it comes to helping businesses succeed.
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