Jason, in your newsletter in November you said:

As these programs have expanded, I’ve found that the level of intensity and savvy of the founders has come down a notch. Basically, there are a lot of open seats in these programs, so some of the B-level students are getting in.

With the addition of more programs will come the placement of C-level founders, which are basically in the category of “not fundable.”

So with that said, what's the point of starting 500 accelerators when only the about the top 5 matter. I understand the education aspect, but with 500 accelerators the majority of the "mentors" will just be wantrapreneurs.