[jgrahamc]

My take is that it seems like easy money for the people who create these incubators. They don't risk much cash and they hope that they'll find the next Zuck and make a packet. Given the strong FS sector in the UK it's not surprising that there's money chasing ideas.

If you look at the list of mentors etc. involved in these incubators they tend to be second-rate. I got invited to be a mentor in one of these programs and the participation required from me was really minimal yet my name would be all over the thing. I wasn't able to take part because of other commitments, but it strikes me that there's a real quantity over quality problem.

My (jaded) view is that it's a version of new adage: "those that can do, those that can't incubate". That may be unfair to these specific folks, but until we see some success from these incubators. Compare, for example, all the effort in branding/marketing these programs to the effort YC spends on the same. You do not need a slick web site and list of mentors to make this stuff work. Hello, you can even use HTML tables for layout and still get people who do cutting edge web work in your program. What you need are quality principals.

I'd be happy to work for a real YC-like in London (actually, it would probably have to be YC itself) because you'd be working in a really small team of really smart people. Not in some massive team of 'mentors' who aren't providing a great deal of value.