Bitly’s $2M validates Betaworks model
Another Bootup Labs like model that we’re watching closely is Betaworks out of New York. Bit.ly’s $2M on $7M financing continues to prove that Bootup Labs, YCombinator, TechStars, and LaunchBox, have now become the new standard for accelerating web startups.t
We’ve always struggled to find a name for what we do. What we do know is that “incubator” is not the right term. “Accelerator” — maybe. Lance suggested “Startup Factory.” I kinda like that one. I’ll try it out for a while and see how it takes. What do you guys think?