If you only measure this, you’re missing the point

Last week, I wrote about what happens when brains can't see clearly and how assumptions fill the space where real information should be. This week, a similar idea, in a different context: what happens when accelerators can't see all the value they're actually creating.

It’s spring accelerator season. As cohorts progress to that final Demo Day, the question that follows is usually some version of:

Did they raise?

That’s the default way accelerator success gets measured. Does that mean anyone who doesn’t immediately raise “failed”? I’d say absolutely not. It’s only a one-dimensional measurement of success.

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