Video Info - Season 2 , Episode 38
Only 5% of all applicants are accepted at the Alchemist Accelerator (each class has 17 companies). Initial qualification is having a strong team and linking a great team to the company mission.
Being a founder or co-founder is incredibly difficult, if the founding team gets the long term vision right, more resources will be provided. Approximately 60% of the graduating companies are funded within 12 months of completing the program.