Capital may help someone take the jump into entrepreneurship, but what about the activation energy to let them think that big in the first place? To Cory Levy, the latter has always been more important.
The entrepreneur behind First Text, a low-friction service that connects founders to investors, launched Z Fellows last year to test out his take. The accelerator features a one-week sabbatical program that comes with a $10,000 check in optional equity, at a $1 billion cap, to aspiring founders.
“The best programs out there, whether that’s Y Combinator or the Thiel Fellowship, require this high commitment, big life decisions,” whether it’s dropping out of school or going full-time on an idea, he explained. “Hey, don’t do that, just kind of simulate wha …
