[robryan]

This is a tough one, some of the second string accelerators could be failing because of the applications they are getting.

It becomes and chicken and egg problem, to get good mentors and attract investors they need to get good founders involved. To attract the good founders to an extent you are going to need good mentors and access to a strong investor network that the founders benefit from accessing in conjunction with the accelerator. Or alternatively a far better equity deal.