AngelPad Debuts 12 New Startups At Its Fall 2012 Demo Day
Summary
A bit about the program: AngelPad provides startups with ten weeks full of mentorship from industry veterans that covers all aspects of launching a company along with $20,000 in initial funding to help founders get their products off the ground in the best way possible. So far, Korte tells us, the 62 total startups that have passed through AngelPad’s program over the past two years have seen some good traction as well as follow-on funding, which is the way that incubators and accelerators tend to measure success. Eight of the 11 startups who graduated out of AngelPad’s Spring 2012 class raised additional funding, and those eight took on a total of $12.5 million. We were able to pull Korte aside at Demo Day today for a brief talk about AngelPad’s growth overall as well as what trends he’s seeing with this latest batch of startups. One especially interesting point he made is that this new class is characterized by a stronger focus on revenue-generating applications, such as things with an enterprise bent.
