AngelPad is a startup accelerator founded in 2010 by Thomas Korte, who was previously a product manager at Google. It offers a 10 week mentoring program, twice a year, in New York and San Francisco. AngelPad provides the startups in their program with a seed investment and coworking space, as well as mentoring and advice from experienced entrepreneurs and venture capitalists.
AngelPad focuses on a wide range of sectors including software, hardware, and business services. Its selection process is highly competitive. In each session, AngelPad selects only about 12 startups from around 2000 applications. Its acceptance rate is even less than that of Ivy League institutions, making AngelPad one of the most selective startup accelerators in the world.
Since its inception, AngelPad has funded more than 150 companies, with many of them raising additional funding from other investors. Some of the successful stories from AngelPad include MoPub, a mobile ad server acquired by Twitter for $350 million; Adku, an ecommerce big data company acquired by Groupon; and DroneDeploy, a drone mapping service which raised more than $30 million in funding.
Apart from successful startups, AngelPad also features accomplished mentors and investors. Notable names include David Rusenko, founder of Weebly, and Nigel Eccles, founder of FanDuel. AngelPad also works closely with a network of experienced venture capitalists and angel investors. The startups in the program regularly have the opportunity to present their progress and ambitions to them.
Additionally, the AngelPad team runs a range of initiatives for its startups. These include weekly progress review meetings, sandbox events where startups can share their work with peers for feedback, and a demo day at the end of the program where startups showcase their products to potential investors.
A noteworthy particularity of AngelPad is its emphasis on the development of a startup’s business model and value proposition, compared to other accelerators which might pay more attention to a startup’s pitch. The intention is for each startup to have a solid business plan by the end of the program, besides a strong pitch for investors.
Showing your skills in picking successful startups and advising founders is the surest way to build your reputation and secure a venture capital role.
Explore →Your community, region, or group thrives when its founders are given the chance to succeed before going back and reinvesting in their comunities.
Explore →Earn a share in startups you scout without the funds to invest directly just like a VC partner.
Explore →As a podcaster, community manager, or event organiser you have a front-row seat to interesting startups which you can monetise by helping them fundraise.
Explore →By identifying under-represented founders you're level the playing field for anyone to success based on merit independent from their social or ethnic background.
Explore →Help your friends who are neck-deep in their startups get the funding they need to succeed.
Explore →At AngelPad University, we source dealflow opportunities from individuals, startups, and innovations. Sign up now to be the first to know when new opportunities arise.
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