Excelerate Labs: Will it Accelerate Deal Flow in Chicago?
Sometimes you can’t get too much of a good thing. So believes serial entrepreneur Sam Yagan, who is right now organizing a new, 13-week, Chicago-based training camp a la TechStars for high-tech entrepreneurs that’s modeled after the Boulder, Colorado program. Called Excelerate Labs, applications for its program, which will award between 5 and 10 startups as much as $20,000 in seed capital, are being accepted through April 2. “We’re treating this as much as a venture fund as we are a community activity,” says Yagan, who co-founded the file-sharing service eDonkey in 2002 and the online dating site OkCupid in 2003. “We want the investments to be good. We also want to make a contribution to the city.”
22 March 2010•2 mins read
