HardTech Labs Has an improved early-stage business model for investment in science-focused companies
Traditional accelerators primary focus has been to align software companies, particularly mobile and social apps, to the Silicon Valley growth model. That model requires companies to attract vast sums of capital at a very early stage in order to accelerate subscriber growth and consolidate network effects. Thus accelerators function as pitch factories. This model has been immensely successful.
However, it makes little sense for science-oriented companies, particularly life science companies, since network effects are far less relevant and growth cannot be sought until the product is ready. Instead, we propose a startup smelter – a business focused on extracting from high grade ore –great founders and products – the pure metal of highly successful companies.