Note: If you’re a business model nerd like me, this post is likely to interest you despite the fact that it also involves a transparent promotion for my startup. However, if the normal mechanisms of capitalism feel icky to you, I understand. Feel free to skip this one. But I promise it is interesting.
The big problem with startups is that most of them fail. Still, lots of people are willing to take that risk because the upside potential is so high. Also, failing makes your odds of succeeding with the next startup much higher. It turns out that failure is an excellent teacher. But any way you look at it, startups are risky business.
Startup incubators reduce their risk by pooling a bunch of…