Startup selection is an essential mechanism of how accelerators create value. Through in-depth case studies of 10 accelerators in Turkey, our research explores the selection process in accelerators. Our findings indicate that accelerators overcome their context’s extreme uncertainty by involving various actors in the selection process and reducing the information asymmetries for investors and startups. Accelerators tend to select effortlessly coachable startups, willing to collaborate with accelerators, mentors, or other actors, and passionate enough to overcome the pressure of creating a business at a fast pace. Our research also exhibits that the selection process serves startups by directing and training them to transmit the right signals to receivers, primarily investors. Accelerators prefer to work with entrepreneurial teams that are coachable, passionate, and collaborative to vibrate the right signals. Similarly, the accelerators’ selection process helps investors by decreasing signaling noise and mitigate information asymmetry. By doing so, accelerators contribute to a well-functioning and more effective entrepreneurship ecosystem.

中文翻译：

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加速器中的初创公司选择过程：来自土耳其的定性证据

创业选择是加速器如何创造价值的重要机制。通过对土耳其 10 个加速器的深入案例研究，我们的研究探索了加速器的选择过程。我们的研究结果表明，加速器通过让各种参与者参与选择过程并减少投资者和初创公司的信息不对称来克服其环境的极端不确定性。加速器倾向于选择不费吹灰之力的创业公司，愿意与加速器、导师或其他参与者合作，并且有足够的热情来克服快速创建业务的压力。我们的研究还表明，选择过程通过指导和培训初创公司向接收者（主要是投资者）传递正确的信号来为初创公司服务。加速器更喜欢与具有指导性、热情和协作性的创业团队合作，以发出正确的信号。同样，加速器的选择过程通过减少信号噪声和减轻信息不对称来帮助投资者。通过这样做，加速器有助于建立一个运作良好且更有效的创业生态系统。