By guest authors Irina Patterson and Candice Arnold Irina: How do you conduct your due diligence? David: With 600 companies, and you’re picking 10 and investing little money and mostly time, diligence is mostly about the people. Again, we know half of them are going to change their ideas. So, we don’t really get into
By guest author Irina Patterson and Mridula Velagapudi I am talking to Paul Bragiel, managing partner of i/o Ventures, which is a three-month accelerator program for technology entrepreneurs in Silicon Valley. The partners of i/o Ventures come from companies like MySpace and BitTorrent, and their mentors are from Yelp, Digg, Mint, Mochi Media, and OpenDNS.
By guest authors Irina Patterson and Candice Arnold Irina: What are your mentors’ relationships with the companies? Is there compensation involved? David: No. No compensation. Many of them will go on to be investors or advisors long term. That’s the natural outcome. At the start of the program, the mentors work for free. The reason
By guest authors Irina Patterson and Candice Arnold Irina: How many companies have you incubated? David: We’ve now done 81 companies. We’ve operated for four years in Boulder, two years in Boston, one year in Seattle, and it’s our first year in New York. We’re not expanding anymore. If you add all those up, about
By guest authors Irina Patterson and Candice Arnold I am talking to David Cohen, the founder and CEO of TechStars. Irina: Hi, David. Let’s start with a brief overview. David: I’m the founder and CEO of TechStars, which is a mentorship-driven startup accelerator for Internet companies. Tech Stars funds 10 companies at a time in
By guest author Irina Patterson and Mridula Velagapudi Irina: How many people work at the Venture Lab? Tom: There are about 15. And it’s a free service. Again, the universities and the counties here pay for the staff at the Venture Lab. And I use the Venture Lab here a lot to help with the
By guest author Irina Patterson and Mridula Velagapudi Irina: Do you have any special initiatives at the moment? Tom: We try to team up with different organizations to do stuff. We’ve got a contract with the Department of Energy to put together this “MegaWatt Ventures” program.
By guest author Irina Patterson and Mridula Velagapudi Irina: What are the tools and methodologies you use in your entrepreneurship class? Tom: One of our staff members runs the program, and we bring in external consultants, subject matter experts, for each one. One of my staff members sits in on the class every time and