If anyone has questions about what it is like in the prgram, I would be happy to answer.
the 5% quote is fixed? So the valuation is between $400k and $2M, right?
There is a strict $1MM cap for accelerator companies.
thx
How does one apply to the next round of the program, and when will it start?
there is no formal application process. you have to be referred by a 500 Mentor / respected angel.
This current round is not officially over AFAIK. Dave wants around 10 accelerator companies in this batch.
Nevermind >_>, now there are 12 :D. The program runs 3 months with an option to extend another 3 months (if your demo fails). I think the acceptance process is rolling.
Have you received a debilitating amount of inquiries from people trying to sell you their services since the press release went out with all of the names of the companies?
Not yet. But probably soon. Right now it is our friends who want intros.
I'll be sure to lead the charge. ;)
Haha, just kidding (Sort of), best of luck in the program!
Haha, a day after I said, not really, we did get that wave of emails/phone calls. Thanks for the warning!
"Below are descriptions of the first eleven start-ups from 500 Startups’ jokey press release:"
... "Jokey" ? I think the last thing you want is people not to take you seriously.