[ilamont]

Report author:

"It takes years for companies to get traction and get an exit."

"There were not enough exits to evaluate"

Yet RWW concludes "startup accelerator fail" and "a lot of accelerators are just spinning their wheels."

Here's another hypothesis: The lack of exits reflects the fact that most accelerators are themselves only a few years old, and it takes a longer period of time to build a successful venture and achieve an exit.

[mikescar]

And the author was somehow able to conclude that YC and the two accelerators his firm invests in are all at the top.