UnLtd USA, Austin’s first incubator for entrepreneurs solving pressing social and environmental problems, has selected its first cohort. Six impact enterprises have been chosen to receive seed funding and a full year of Incubation Support. The entrepreneurs were selected from a pool of over 80 applicants and went through a rigorous selection process that included pitching to two Final Selection Panels composed of business leaders, investors and entrepreneurs. The year-long program kicks off in September. Entrepreneurs will receive seed funding, on-going mentorship and training from the UnLtd USA and their network of partners and mentors.
Last year, Zappos’s CEO Tony Hsieh spent much of his keynote speech at SXSW V2V 2013 on the Downtown Project, the name he gave to his personal economic and cultural revitalization effort of several acres of the original, downtown Las Vegas. Tony made a considerable financial commitment to the Downtown Project of $350 million, to [...]
The final day of SXSW V2V 2014 was all about the “v” for “venture” in the name.
Yesterday was a full day of programming, one-on-one meetings, and the great synchronicity of surprise meetings in the lunch-line hallway or at the Tech Cocktail reception at the Chandelier bar, as Day 2 of SXSW V2V unfolded.
I’m at SXW V2V for its sophomore year run this week. Monday (yesterday) was the first full day of programming, with Sunday mainly being devoted to the kick-off party and finding one’s hotel room.
The benefits of putting your tech startup into the Capital Factory incubator continue to grow. Today it was announced that some top Venture Capital firms will provide matching investments. To get accepted into the incubator, you must get two lead mentors to each invest $25K in your company. The Capital Factory Fund will match that $50K with another $50K. Then Silverton and FLOODGATE will each kick in $25K bringing your total funding to $150K when you get into the incubator.
The Austin Technology Incubator (ATI), part of the IC2 Institute at The University of Texas at Austin (UT), hosted a graduation event to recognize 25 companies who successfully graduated from the incubator over the past two years. ATI will also celebrate its 25th anniversary, and announce the winners of the Laura J. Kilcrease Civic Entrepreneurship Award and the new John S. Butler Distinguished Alumni Award.
Tech startup companies have long been a source of millionaire founders and employees. In more recent years, there have been tech billionaires out of the IPO starting gate for dotcom companies.
Recently made available by Y Combinator, the SAFE investment instrument is intended to improve on the highly popular convertible note used by startups during the seed stage or as a short-term bridge between equity rounds.
First, getting a request for an exclusive relationship is far more of a blessing than a curse, as long as you play your cards right.