i/o Ventures, the SF startup incubator that lives on the top floor of The Summit space in the Mission, is accepting applications for its February 2012 cohort. Are you a master procrastinator? Well, you’re in luck, because the deadline to apply is today! (Don’t worry, they won’t judge you for it.)
Becoming an i/o company means a 4-6 month stint in the i/o Ventures 7,000 square foor loft/coffee shop and $25,000 in capital. In return, all you have to do is give up around 8% of your company.
i/o has been on a roll since it launched a little under two years ago. Out of its 11 companies, three have been acquired (co-founder Paul Bragiel says that the third one hasn’t been announced yet, so email me at Alexia@TechCrunch.com if you want to do some co-sleuthing). Seven have received follow-on funding and one is currently breaking even.
“11/11,” Bragiel writes, adding a “Well at least by early stage metrics… the true story will be in a few years as you know.”
Bragiel tells me that the hottest i/o startups are Pieceable, Appstores and Mobbles. It’s hottest resident IMHO? The newly launched PandoDaily, a tech blog set up by my former colleague and super-duper journalist Sarah Lacy.
Bragiel also wants you to follow him on Twitter (he is really interesting): @Bragiel.
Image via Inside Scoop SF
i/o ventures is an early stage startup program that focuses heavily on its mentorship. We work closely with founders from product launch through the next stage of company development, sharing what has proven to work for product scaling, revenue growth and fund raising. Our partners and mentors have started and ran some of the top internet companies. We want you to take advantage of our experience leading teams, building great products, raising money, negotiating mergers and acquisitions, scaling infrastructure, all with...