Alchemist Accelerator is a venture-backed initiative focused on accelerating the development of seed-stage ventures that monetize from enterprises (not consumers). The accelerator’s primary differentiation is a manifest focus on enterprise customer development, distribution, market validation, and a structured path to fundraising.
Among its successful ventures are LaunchDarkly, a feature management platform that helps software teams to build better software faster, and Rigetti Computing, a full-stack quantum computing company. LaunchDarkly has raised over $130M in funding and Rigetti Computing has raised over $190M.
Key individuals connected with Alchemist Accelerator include Ravi Belani, who is a managing director and the driving force behind Alchemist Accelerator. Belani is a former venture associate and Kauffman Fellow at Draper Fisher Jurvetson and the founder of a software company backed by NEA and Accel.
The founder of LaunchDarkly, Edith Harbaugh, is an example of the type of entrepreneur backed by the accelerator. Harbaugh had a decade of experience in product, engineering and marketing at high growth companies before launching her own company with the support of Alchemist Accelerator.
Alchemist Accelerator also sponsors several initiatives aimed at fostering innovation and entrepreneurship, such as the Alchemist Accelerator Enterprise Sales Forum, which provides a platform for members of the sales community to share their knowledge and experiences.
One of the unique features of Alchemist Accelerator is its structure as a 6-month program, during which the companies in the cohort work intensively to build their products and validate their markets. During this time, each company has opportunities to present to over 15,000 investors throughout the course of the program.
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