[sanjayparekh]

Perhaps it wasn't clear what we're doing. Instead of making companies wait to apply (or missing the window to apply), we'll be taking applications year-round. When companies are accepted, they'll have a custom 3-month accelerator program for them setup so that we're not doing a one size fits all approach - that's good for the companies that are beyond just the idea stage as some have been that have applied to the program.

Finally, given the various niches that startups we fund go after, the value of the idea sharing/camaraderie while useful hasn't been something we could point to and say "this will ensure startup success". Same goes for the speaker program. So why subject entrepreneurs to these programs/ideas if it won't help them succeed? For us, it's a clear choice of killing off the things that don't add value so we can do more things that do add value.

Re: office space, we're still likely to have office space for the companies. It's something we're currently working on with one of our partners.