Inc.com reviews Demo Day 2012

 

 

Meet the Newest Crop of Chicago Start-ups:

It’s Demo Day at Chicago-based Excelerate Labs. Here’s a sneak peak at the companies on deck to pitch at the city’s iconic House of Blues.

Another incubator, another high-stakes Demo Day.

This time it’s Chicago-based Excelerate Labs, the incubator run by entrepreneurs Sam Yagan (of OKCupid and Sparknotes) and Troy Henikoff (of SurePayroll). On Wednesday, the program’s 10 start-ups will pitch their ideas in front of an audience of investors at the city’s iconic House of Blues nightclub.

The intensive, three-month program, gives start-ups $25,000 in exchange for 6% common stock plus $50,000 in the form of convertible debt from Chicago VC firm New World Ventures. The real perk for the start-ups, however, is access to nearly 150 mentors, including Opentable’s Chuck Templeton, Groupon’s Brad Keywell, and TechStars’ David Cohen–all to help the young companies refine their business plans and pitches before Demo Day.

Read the rest of the article on Inc.com here

Filed under: Excelerate in the News — August 30, 2012