[phylosopher]

Thank you Jason. I direct a not-for-profit foreign government and private foundation incubator based in San Francisco. We just completed a one-month quasi-accelerator for companies that came to the US. None were ready for VC funding and we made this clear. Despite our best effort to get the entrepreneurs to focus on customer development, many spent their time on VCs and angel networks. They got meetings but not much else. We are going to make sure that all new companies participating in future accelerators read your post.