February 11, 2011
Dave McClure’s 500 Startups, an early-stage seed fund, has launched a startup accelerator program for select startups. And I do mean select. There is no application process. You get into the program via referral.
The accelerator’s group of 12 startups will be in residence at 500 Startups’ Mountain View, Calif. HQ for 3 to 6 months. They’ll learn all sorts of important things that all tech start-ups need to master if they’re going to be successful: designing a functional user experience, acquiring and engaging with customers, collecting and analyzing business metrics (“that go up and to the right” as it says in their blog), and putting together successful online marketing and distribution programs.
The freshman class of startups includes some really neat companies. One company is creating an email management tool, another is creating an online platform that will connect students with internships, and a third will develop social apps that revolve around blogs and news.
If you hadn’t heard of 500 Startups til you read this blog post, be sure to check them out, and not just because Dave and the team have a great sense of humor. Their experienced team of startup founders draws on the knowledge of over 120 startup mentors (lots of Tech Cocktail friends in there!) from around the world in order to give their companies the practical help that other venture firms do not.
Watch this video to see how they’ve built a collaborative space for the teams to work and learn together.
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