So youre thinking about joining an accelerator
As a startup who recently went through a summer in an accelerator, I would agree with all of the points +Dave McClure
I'm surprised he doesn't curse in this article ;-)
I would add:
1) for a startup, ROI goes both ways in an an accelerator. As a founder, you create more value if you invest all of your time to taking advantage of the connections, events and opportunities during the program. So basically you get what you put in and none of that doing an accelerator remotely nonsense.
2) time flies by so see #1
3) given that most accelerators are under staffed and over worked as per Dave, do not assume LP's will automagically solve your problems. Be proactive, they are there to help you.
4) If you find yourself in an accelerator that isn't pulling its weight "light a flair, and communicate your goals clearly to them"
For me it was a great experience to learn how Silicon Valley worked and being from the D.C. area, qualifying a startup on the different coasts was pretty glaring. Maybe I should write something long-er form about my XP.