Alchemist Accelerator
$25,000.00
Accelerator, Investment
Description:
The Alchemist Accelerator is a venture-backed initiative focused on accelerating the development of early-stage ventures that monetize from enterprises.
It’s a 6 month long program that typically offers $25k in funding to 25 teams per class. The average ask is 5.0% of equity, but we’re willing to adjust the economics for later stage companies.
Comments on Funding:
Funding is $25k and the average ask is 5.0% of equity, but they’re willing to adjust the economics for later stage companies.
Exclusive credits and discounts from trusted Alchemist partners, including for cloud computing, legal fees, marketing, and other services. The aggregate value of these perks is more than $450,000. The average value of perks used by most Alchemist companies is $175,000.
May 3, 2024
Eligibility:
Applicants must:
1. be early-stage ventures;
2. be companies that monetize from enterprises, regardless of business model;
3. be founders building their companies in the way that works for them;
4. be a team with one or two technical co-founders, and one business-side co-founder with the ability to convey a vision to customers, investors, and employees.
Application Steps:
Applicants must apply online.
Documentation Needed:
Applicants must provide a completed application form, and other information as requested.
Other Things to Note:
Alchemist founders have some of the following additional program elements especially valuable:
1. An optional small cash investment on founder-friendly terms in the form most appropriate for your company (often a SAFE). We offset the program’s required “tuition” fee with additional investment capital. The average investment proceeds to your company are $25,000 (net of the provided tuition fee offset).
2. Exclusive credits and discounts from trusted Alchemist partners, including for cloud computing, legal fees, marketing, and other services. The aggregate value of these perks is more than $450,000. The average value of perks used by most Alchemist companies is $175,000.
3. Permanent access to Alchemist’s exclusive network of mentors, investors, customers, and alumni.
4. Co-working space is available in San Francisco and Mountain View, CA, and Memphis, TN. 5. Next application deadline: December 29, 2023.
About the author
Maurice