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In 2013, David Min came to Disney CEO Bob Iger with a big idea. Min, a founding partner at Disney’s investment arm, Steamboat Ventures, was now head of innovation for the entire company. He had concluded that something fundamental needed to be done about Disney’s relationship with the tech industry.

“We—meaning The Walt Disney Company—didn’t really have a very good reputation at the time for working with startups,” he remembers. Tech accelerators such as Y Combinator, 500 Startups, and Techstars were changing how high-potential concepts got their shot at becoming thriving businesses. Min thought Disney might learn something by investing in such an accelerator.

Iger’s take: That idea wasn’t big enough. “His response to me

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