|[May 01, 2014]
Tech Startups in New Contest like "American Idol"
SACRAMENTO, Calif. --(Business Wire)--
Venture Capital, the premier venture capital firm in the Sacramento
/ Northern California region, today launched its Fifth annual
Entrepreneurs Showcase which is held at its non-profit Entrepreneurs
Campus in Folsom, CA (News - Alert). The Showcase is an exclusive accelerator boot camp
to help tech startups polish their ideas and their teams to make them
more attractive to investors and more successful as a business.
"The Showcase has grown tremendously in popularity," said Jack Crawford,
Jr., General Partner of Velocity Venture Capital. "Last year we had
hundreds of applicants for ten slots. This year we expect even more,
demonstrating how much creativity and entrepreneurial spirit there is
"To help narrow the field, this year for the first time we are seeking
participation from a broader audience," said Gary Simon, Venture Partner
for Velocity. "To make it fun, and to encourage as many companies as
possible to apply, the top 40 applicants will prepare a short video and
use it to solicit votes, similar to the popular TV show 'American Idol'.
The votes along with the votes of expert judges will determine who gets
the limited number of spots available in the accelerator program"
The accelerator program is an eight-week intensive boot camp where the
participating teams receive training, coaching, professional help, and
introductions to investors, customers and partners In prior years,
graduates of the accelerator have gone on to raise capital and become
profitable. Many of these companies including Emtrain, CirrusMD,
SmartCase, HomeZada, Apptology, Mindful Meal, Pondera, Snippet, and
others are positioned for significant growth this year.
Applications are available at www.velocityvc.com/entrepreneurs-showcase.
The deadline is May 31. The 40 best applications will be selected to
advance. They will be matched with a group of sponsors who will help
them get out the vote. By mid-July, Velocity will announce 18 of the 40
by presenting at the Entrepreneurial Drive Golf Tournament, July 28 at
Serrano Country Club in El Dorado Hills. In September, 10 finalists will
be selected and in December the 10 will present to investors and the
The public is invited to go to the Entrepreneurs Showcase website to
view the videos from the Top 40 starting June 25. Each vote is a one
dollar tax-deductible contribution that goes to support the mission of
the Entrepreneurs Campus to inspire and educate tech entrepreneurs.
There is no limit on how many votes one can cast. The contest is powered
Partners and sponsors of the Entrepreneurs Showcase and Campus include:
National Venture Capital Association, Kauffman Fellows Program, Samsung,
Dell, Oracle (News - Alert), Silicon Valley Bank, AT&T, Bank of America, Cal Innovates,
TriNet, and the University of the Pacific as well as a number of other
key influencers in the California technology ecosystem.
About Velocity Venture Capital
Velocity Venture Capital is a seed and early-stage venture capital firm
that invests in information technology companies as they converge with
key market sectors like Security, Medical, Energy, and Education.
Velocity works to identify and partner with smart, persistent and bold
entrepreneurs to build world-class companies in the US with a
concentration on Sacramento / Northern California. The firm is
headquartered in the Sacramento region just east of the Silicon Valley.
For more information, please visit�www.velocityvc.com.
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