AngelPad
| Industry | Venture Capital |
|---|---|
| Founded | 2010 |
| Headquarters | San Francisco, CA |
|
Key people
|
Thomas Korte |
| Website | http://angelpad.org/ |
AngelPad is an American seed-stage startup incubator, launched in September 2010 by Thomas Korte with six former Google employees. AngelPad provides mentorship, seed money, and networking at two 10-week courses per year.
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.
The incubator has often been compared to Y Combinator.
The program consists of ten weeks of mentorship, brainstorming, fundraising, and pragmatic advice, concluding with a "Demo Day" in which companies present their value propositions and ideas to hundreds of investors.
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, for an acceptance rate of 1.9%.
Several AngelPad companies have already attracted subsequent rounds of investment. The companies are: CoverHound, Crittercism, LocBox, MoPub, Postmates, Pogoseat,Ribbon, Rolepoint and Vungle.
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