AngelPad

Last updated
AngelPad
Industry Startup accelerator
Founded2010
FounderThomas Korte, Carine Magescas
Headquarters San Francisco, CA
Key people
Thomas Korte, Carine Magescas
Website angelpad.com

AngelPad is an American seed-stage startup incubator, launched in September 2010 by Thomas Korte and Carine Magescas with six other former Google employees as mentors. [1] [2] [3] AngelPad provides mentorship, seed money, and networking at two 10-week courses per year. [4]

Contents

AngelPad attracted attention in August 2011 after announcing that each of its startups will have the option to accept $100,000 from two venture capital firms at the start of their class. [5] [6] [7]

The incubator has often been compared to Y Combinator. [8]

AngelPad has consistently been ranked among the top startup accelerators in the United States according to 'The Seed Accelerator Rankings' each year. The rankings are developed by MIT, the University of Richmond and Brown University. They evaluate over 160 US Accelerators every year. [9] [10] [11] [12] [13]

Program

The program consists of ten weeks of mentorship, brainstorming, fundraising, and pragmatic advice, concluding with a "Demo Day" in which companies present their value propositions and ideas to hundreds of investors. [14] [15] [16]

Application Process

The application process consists of a written application, starting on the incubator's website.

Fewer than 15 startups were selected out of a pool of 800 applicants for the Winter 2011 class, [17] for an acceptance rate of 1.9%.

Notable alumni companies

Several AngelPad companies have attracted significant rounds of investment or sold to larger companies after completing the incubator program. Notable portfolio companies include: Buffer, CoverHound, MoPub, Postmates, Astrid, Drone Deploy, Ribbon, Pipedrive, Rolepoint and Vungle. [18] [19] [20]

Postmates got acquired by Uber for $2,65 billion. [21]

See also

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References

  1. ↑ "AngelPad: Seven Ex-Googlers Are About To Launch A New Incubator". TechCrunch. 23 August 2010. Retrieved 2011-08-18.
  2. ↑ Roush, Wade (2010-11-15). ""Changing the Way We Start Companies": Q&A with AngelPad's Thomas Korte". Xconomy. Retrieved 2020-04-24.
  3. ↑ Gatto, Katie (2010-08-23). "AngelPad breaks into angel investing". VatorNews. Retrieved 2020-04-24.
  4. ↑ Krishna, Ashish (12 April 2015). "What Happens At AngelPad". TechCrunch. Retrieved 2020-04-24.
  5. ↑ Siegler, MG (1 August 2011). "Halo Effect: All AngelPad Companies Will Get $100K Investment Offers From 2 VC Firms". TechCrunch. Retrieved 2011-08-18.
  6. ↑ Gannes, Liz (1 August 2011). "AngelPad Gets VC Firms to Commit $100K to All Its Start-Ups". AllThingsD. Retrieved 2020-04-24.
  7. ↑ Lynley, Matthew (2011-08-01). "Incubator AngelPad will drop extra $100k in participating startups". VentureBeat. Retrieved 2020-04-24.
  8. ↑ "Demo Day for AngelPad: The Anti Y Combinator". StrictlyVC. 17 April 2014. Retrieved 2014-04-17.
  9. ↑ "2017 Seed Accelerator Rankings Released". MIT Innovation Initiative. Retrieved 2020-04-24.
  10. ↑ "Seed accelerator rankings unveiled at SXSW". MIT Sloan. 17 March 2015. Retrieved 2020-04-24.
  11. ↑ Konrad, Alex. "The Best Startup Accelerators Of 2017". Forbes. Retrieved 2020-04-24.
  12. ↑ Solomon, Brian. "The Best Startup Accelerators Of 2016". Forbes. Retrieved 2020-04-24.
  13. ↑ "These Are The Top 20 US Accelerators". TechCrunch. 17 March 2015. Retrieved 2020-04-24.
  14. ↑ "About AngelPad". AngelPad. Retrieved 2011-08-16.
  15. ↑ Solomon, Brian. "An Inside Look At AngelPad, The Top Startup Accelerator Of 2015". Forbes. Retrieved 2020-04-24.
  16. ↑ Rudgard, Olivia (2019-12-09). "Hive chief John Furneaux: 'Being a Brit earns trust with Americans'". The Telegraph. ISSN   0307-1235 . Retrieved 2020-04-24.
  17. ↑ Lynley, Matthew (2011-03-29). "AngelPad's 13 Demo Day Darlings". New York Times. Retrieved 2011-08-15.
  18. ↑ "Data from VentureBeat". VentureBeat. 23 November 2020.
  19. ↑ "AngelPad's 62 Companies Raised $56 Million In 2012; Round Size Grew Year-Over-Year". TechCrunch. 14 January 2013.
  20. ↑ Kolodny, Lora (22 May 2013). "Sneak Preview: AngelPad May 2013 Graduates". Wall Street Journal. Retrieved Sep 18, 2013.
  21. ↑ Wolverton, Troy. "Meet the husband-and-wife team that run AngelPad, the exclusive startup accelerator whose early bet on Postmates just led to a $2.65 billion Uber acquisition". Business Insider. Retrieved 2024-04-01.
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