i.e. they offer first round of 10 companies and give 'em 20 days. 8 accept. They then work there way down an alternate list.
They could even have 2 types of acceptance. i.e. 10 offers and 20 alternates (so the rejected companies could get on with their lives). They could tell the alternates: "You didn't make the top 10, but you were really close. It's possible a slot could open up within 30 days. If it does, we might call you."
If it's TechStars, they purportedly have their deadline set based on academic calendar. You oughta try hopping in front of them to test that assertion. :-)
i.e. they offer first round of 10 companies and give 'em 20 days. 8 accept. They then work there way down an alternate list.
They could even have 2 types of acceptance. i.e. 10 offers and 20 alternates (so the rejected companies could get on with their lives). They could tell the alternates: "You didn't make the top 10, but you were really close. It's possible a slot could open up within 30 days. If it does, we might call you."
If it's TechStars, they purportedly have their deadline set based on academic calendar. You oughta try hopping in front of them to test that assertion. :-)