About This Program
BoomStartup is a seed, early-stage venture growth fund and virtual accelerator program. This means we start our portfolio companies in a metric-driven online accelerator program and support startups with follow-on capital to participate in several additional rounds. We provide entrepreneur boot camp basics like custom accelerator plans, extensive mentoring from seasoned professionals, personalized mentorship, investor introductions, and pitch development. The program uses lean startup methodologies to launch a number of business startup programs such as early-phase tech, software, EdTech, product, and biotech startups. Technology-driven innovations are changing the world and continue to push the boundaries of technology in our daily lives. We firmly believe that connecting companies with the right mentors, investors, and industry experts is the right way to scale companies and create explosive growth.
We’ve shepherded over 120 companies through the rigors of launching a company and helped 72% of them get funded.
BoomStartup makes performance-based milestone investments in all companies as they mature through our 5-level program, which is backed with analytics, metrics, milestones and aspiration that your startup is ready to take the next step. Companies can receive up-to $120K in seed funding by reaching the fifth level. BoomStartup receives 6-9% of equity across multiple investments based on achieving mutually agreed performance milestones. In addition, companies also receive over $500K of in-kind services, ranging from $100K in AWS, Azure or IBM hosting credits to banking, legal and financial services.
Even more important, startups receive intense day-to-day mentoring from BoomStartup’s extensive mentor pool of 250+ industry experts, whom will work with startup teams to nail their business model, build their minimum viable product, and get traction.
Below you will find information on a few recent GenTech accelerator graduates who have gone on to become pioneers in their industries.
Throughout the accelerator, companies will distill and identify their core company purpose, develop and refine their MVP, obtain traction critically needed to raise capital, and perfect investor pitches. The program culminates in Demo Day, where startups have the opportunity to pitch private investors, angel groups, and venture capitalists. 72 percent of BoomStartup’s accelerator companies have received funding, raising between $500K – $1.5 million.
Utilizing our BoomStartup Online platform, founders can work at their own pace to accelerate their business for up-to 52 weeks, which will help them find an optimal business model, create a minimal viable product that is revenue-ready, execute into revenue generation, and make connections to customers and investors.