75% of RealLIST Startups participated in some kind of biz dev program — but it's not a prerequisite for big raises
List members that participated in an accelerator, incubator or pitch competition were most likely to have raised between $100k and $1M, but several that didn't participate had raises higher than $1M. Companies that don't yet have investors were less likely to have participated in one of these programs (66%) than VC-funded companies (77%).
Startups that have raised $0 to $999,999 were more likely to participate in an accelerator, while those that raised more than $1,000,000 were not
