San Antonio - You Can Participate in Applying for Funding & Resources from Austin’s Capital Factory
March 1, 2010
Capital Factory, an Austin-based early stage accelerator for tech startups, is opening up its second annual call for startup applications and can include San Antonio-based companies.
Founded in 2009 by local entrepreneurs Joshua Baer, Sam Decker and Bryan Menell, the program’s goal is to get a startup pointed in the right direction with a clear path to profitability and growth through an intensive 10-week mentoring program where finalists will receive benefits including up to $20,000 in cash, business and operational support and weekly mentoring sessions with proven, successful entrepreneurs.
The deadline for startups interested in applying to be part of the 2010 Capital Factory program is April 2, 2010. The application is available online at http://www.capitalfactory.com/apply.html. While the focus is primarily on early stage technology companies, there is no official limitation on the type of company that can apply for consideration. Capital Factory will announce the five selected companies by early April, and then will kick off its 10-week summer program following Memorial Day on June 1st.
During the program, Capital Factory and select partners will provide the 2010 class of companies the following resources and benefits:
- Up to $20,000 in cash
- Weekly mentoring sessions
- Investor introductions
- Basic IT infrastructure for email, website, version control
- Office space
- Company formation and legal documents
- A logo and corporate identity if needed
- Service provider introductions
- Recruiting support
- Press support
Capital Factory’s 2010 season and program will culminate on September 9th when they host the second annual “Demo Day” for the selected companies. Angel investors, early stage venture capitalists, entrepreneurs, media and more will be invited to come out and see the portfolio companies’ demos as well as help them identify next steps and suggestions for achieving optimal success. In return for entrance into the Capital Factory program and a successful launch of their company, Capital Factory receives a five percent equity stake in the portfolio companies under founder-friendly terms.
MENTOR CLASS OF 2010
Mentorship was a key focus and invaluable resource for the portfolio class of 2009 and will remain a large focus of this year’s Capital Factory season. Capital Factory is pleased to announce three new mentors coming on board to participate this year, including:
- Kenny Van Zant – Senior Vice President and Chief Product Strategist, SolarWinds
- Rony Kahan – CTO and Co-Founder, Indeed
- Samy Aboel-Nil – Co-Founder, Sane Ventures
Additionally, returning mentors from the 2009 season, who make up an impressive “who’s who” of local experienced technology entrepreneurs, include:
- Joshua Baer – Founder and CEO, OtherInbox
- Sam Decker – Chief Marketing Officer, Bazaarvoice
- Bryan Menell – Director, Dachis Group
- Brian Beard – Partner, Wilson Sonsini Goodrich & Rosati
- Jeremy Benken – Chairman, BuzzStream, and General Manager, ApartmentRatings.com
- Andrew Busey – Founder and CEO, Challenge Games
- Ian Clarke – Founder and Coordinator, Freenet Project
- Jason Cohen – Founder, Smart Bear
- Russell Hinds – Managing Director, RSH Ventures
- Ryan Koonce – Founder and CEO, Westlake Products, Inc., Owner and Operator, SuperPoints Network
- Kip McClanahan – CEO, Socialware
- Adam Moore – Co-Founder and Co-President, Springbox
- Marc Nathan – Director of Development, Houston Technology Center and Marketing Chairman, Houston Angel Network
- John Price – CEO, Vast.com
- Mellie Price – Founder and CEO, Front Gate Tickets and Front Gate Solutions
- Yvonne Tocquigny – CEO, Tocquigny
- Michael Trafton – Founder and CEO, Blue Fish Development Group
- Marc Yagjian – Managing Director, Origin Partners
For more information on Capital Factory, or to find out other ways to get involved, visit www.capitalfactory.com. The application for interested startups can be found at http://www.capitalfactory.com/apply.html.
San Antonio Startups (and Startups to be) here’s $20K in cash; $20K in free stuff and 20 mentors for your startup (not a misprint)
March 27, 2009
Hey San Antonio: Got a compelling idea for a startup, but are held back by some basic seed money?
Here’s the deal: Marc Nathan, just told me about something way cool. Marc, who is the Director of Development at the Houston Technology Center and an investor in the Capital Factory, just told me about a new seed capital and mentorship program in Austin. (You don’t have to live or work in Austin to take part).
They’re choosing 3 startups to spend 10 weeks in Austin to build their company. They receive $20k in cash, $20k in free stuff, and 20 successful mentors as investors. The 10 weeks end in August with a Demo Day to potential investors. It’s the mentor’s job to ensure they head in the right direction, and introduce them to potential customers and investors.
This is an unbeatable opportunity for a technology-based entrepreneur to get an accelerated start, especially in tough times. There is an April 3 deadline so hop on the stick.
Contact: Marc Nathan mhn@bulldogfinancial.com and tell him Alan from San Antonio Startups.com sent you!