In March we wrote about the launch of Imagine K12, a new startup incubator modeled on Y Combinator that is focused on the education space. It was founded by startup veterans Geoff Ralston, Tim Brady and Alan Louie.
The company sorted through some 200 applications, interviewed 36 startups and made offers to ten startups for the first class this summer. All accepted, took an average of $20,000 in funding for an average of 6% of their equity, and moved to Silicon Valley.
Those startups are now hard at work to launch by the first Imagine K12 demo day in September. They’re also getting lots of attention and mentoring via a weekly dinner and office hours.
The largest team is four people, say Ralston. There are a total of 24 founders among the ten startups.
New applications for the next class are being accepted starting July 1.
We believe technology is transforming K-12 education. The infrastructure, hardware, software, and platforms are either available or being developed that will change the nature of how we teach our children in profound and far-reaching ways. This high-tech wave will sweep through the educational world, but its speed and impact depend on the quality of ideas and entrepreneurs and their ability to execute. This is where we intend to act. Imagine K12 is looking to invest time, experience,...