Velocity Accelerator
Published on Feb 05, 2016
No Description
MORE DECKS TO EXPLORE
PRESENTATION OUTLINE
Velocity Accelerator
August 17 - November 9, 2016
Untitled Slide
Photo by Robert Scoble
What is a Startup?
- Team working full-time
- Building Products
- Fast Iteration/High Growth
- Fundable
- Early Stage Technology
Velocity has joined GAN
- Started by Techstars
- Their full accelerator playbook
- Training, legal docs, perks for teams
- Support from the GAN team
- Huge operational savings
Target Companies
The GAN Model
- Make a year of progress in 3 months
- With access to amazing mentors
- $50k in initial capital
- Velocity receives 6% equity
- Demo day for follow on investment
Photo by plewicki
The Space
3500 Square Feet of Startup Goodness
Minimum Viable Budget - 3/15 Deadline
Funding
- Ideally would like a 2-year fund of 1.5mm
- And a separate, follow-on investment fund
- Must get first $666k committed by 3/15
- And banked by 8/1
The Long Game
- Launching successful high-growth companies
- Building the local startup ecosystem
- Transforming Innovation Depot into a Startup hub
- Creating the next great Birmingham companies
Photo by curtis palmer
WIFI
You're being watched
