Good news for tech startups --

Last 1 year has seen mushrooming of accelerators in India with fund from 10 lakh to 1 Cr available along with space and "Value Add".

Latest to join bandwagon is Venture nursery. Present boom in accelerator is driven by success of Y combinator which has achieved significant success given growth of AirBnB and other companies and VC / Investors spotted opportunity of making a killing while investing tiny amounts in startups along with so called "value adds".

However everybody tends to forget that Y-combinator has got Paul Graham while all other me too combinators have got .....