and , for some accelerators , won ’ t be the right answer .
“ If I filled in every application form and accepted every invite , there is no chance our business would exist ,” says Liam Chennells , Founder and CEO of KYB compliance fintech Detected . “ Instead , I ’ ve spent that time building a board and investor base that supports me as well as the needs of Detected . I ’ ve raised money without having to pitch in front of 40 other startups . I ’ ve considered who I want to invest in the company and approached them with a considered summary of the opportunity , ruling it in or out quickly . I might have been connected to more investors more easily had I been part of an incubator , but lots of connections doesn ’ t necessarily mean lots of capital – it ’ s more about engaging with the right people .”