AngelPad is an American seed-stage

startup A startup or start-up is a company or project undertaken by an entrepreneur to seek, develop, and validate a scalable business model. While entrepreneurship includes all new businesses including self-employment and businesses that do not intend to ...

incubator, launched in September 2010 by Thomas Korte and Carine Magescas with six other former

Google Google LLC (, ) is an American multinational corporation and technology company focusing on online advertising, search engine technology, cloud computing, computer software, quantum computing, e-commerce, consumer electronics, and artificial ...

employees as mentors. AngelPad provides mentorship,

seed money Seed money, also known as seed funding or seed capital, is a form of securities offering in which an investor puts capital in a startup company in exchange for an equity stake or convertible note stake in the company. The term ''seed'' suggest ...

, and networking at two 10-week courses per year. 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. The incubator has often been compared to

Y Combinator Y Combinator, LLC (YC) is an American technology startup accelerator and venture capital firm launched in March 2005 which has been used to launch more than 5,000 companies. The accelerator program started in Boston and Mountain View, Californi ...

. 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 Massachusetts Institute of Technology (MIT) is a private research university in Cambridge, Massachusetts, United States. Established in 1861, MIT has played a significant role in the development of many areas of modern technology and sc ...

, the

University of Richmond The University of Richmond (UR or U of R) is a Private college, private Liberal arts colleges in the United States, liberal arts college in Richmond, Virginia, United States. It is a primarily undergraduate, residential institution with approxim ...

and

Brown University Brown University is a Private university, private Ivy League research university in Providence, Rhode Island, United States. It is the List of colonial colleges, seventh-oldest institution of higher education in the US, founded in 1764 as the ' ...

. They evaluate over 160 US Accelerators every year.

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.

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, 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:

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, CoverHound, MoPub,

Postmates Postmates Inc. is an American food delivery service, founded in 2011, and acquired by Uber in 2020. It offers local delivery of restaurant-prepared meals and other goods. It is headquartered in San Francisco, California. , Postmates operate ...

, Astrid, Drone Deploy,

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, Pipedrive, Rolepoint and Vungle.

got acquired by Uber for $2,65 billion.

References

External links

Forbes ranking of Accelerators 2012Forbes Ranking of Best Accelerators 2017
{{US Business Incubators Financial services companies established in 2010 Companies based in San Francisco Technology companies established in 2010 Venture capital firms of the United States Startup accelerators 2010 establishments in California

Program

Application Process

Notable alumni companies

See also

References

External links