Thursday, November 8, 2018

Preccelerator Program Targets $25K Investments In Startups

Los Angeles-based, early stage startup accelerator The Precellerator Program, which is associated with legal firm Stubbs Alderton & Markiles, LLP, says this morning that it will start investing $25,000 in unrestricted cash in the startups which join its program, in addition to the $25,000 in legal services it already provides to participants. The move is the first for the program to providing cash investments in startups. The program said it plans to invest the additional cash in companies joining its class on January 7th; the startup accelerator is accepting applications until December 4th for the program. Stubbs Alderton & Markiles launched its Precellerator Program in 2012, offering up legal services, co-working space, mentorship, and a number of other benefits; the program says it has seen 39 companies graduate from its programs, 27 of which have received funding so far for a total of $12.5M invested in those firms. Editor's note: Stubbs Alderton & Markiles is a sponsor of this site.