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Excellerate was close to #3 or #4 incubator (depending on how you count) in the country before joining the TechStars crew.

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How do you count this? What's the rationale for saying that Excellerate was the next-best incubator after YC and 500s?

I don't know the methodology of the research but here is the coverage -

http://tech.co/top-startup-accelerators-ranked-2012-08

Forbes put together an analysis in 2012 (the last year Excelerate was still Excelerate) based on companies' exit price or price of most recent round. Excelerate came in No. 6.

http://www.forbes.com/sites/tomiogeron/2012/04/30/top-tech-i...

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