AngelPad
American seed-stage startup incubator
From Wikipedia, the free encyclopedia
AngelPad is an American seed-stage startup incubator, launched in September 2010 by Thomas Korte and Carine Magescas with six other former Google employees as mentors.[1][2][3] AngelPad provides mentorship, seed money, and networking at two 10-week courses per year.[4]
 | |
| Industry | Startup accelerator |
|---|---|
| Founded | 2010 |
| Founder | Thomas Korte, Carine Magescas |
| Headquarters | San Francisco, CA |
Key people | Thomas Korte, Carine Magescas |
| Website | angelpad |
AngelPad attracted attention in August 2011 after announcing that each of its startups will have the option to accept $100,000 from two venture capital firms at the start of their class.[5][6][7]
Program
Application Process
The application process consists of a written application, starting on the incubator's website.
Fewer than 15 startups were selected out of a pool of 800 applicants for the Winter 2011 class,[11] for an acceptance rate of 1.9%.
Notable alumni companies
Several AngelPad companies have attracted significant rounds of investment or sold to larger companies after completing the incubator program. Notable portfolio companies include: Buffer, CoverHound, MoPub, Postmates, Astrid, Drone Deploy, Ribbon, Pipedrive, Rolepoint and Vungle.[12][13][14]
Postmates got acquired by Uber for $2.65 billion [15] and Vungle got acquired by Blackstone for a reported $750 million. [16]