DreamIt Ventures is after more eCommerce-focused startups, the company is announcing today, and is preparing to support them with the launch of a new advisory board featuring top execs from across the eCommerce industry. The board, which includes members from Walmart, Amazon/Quidsi, QVC, Bononos, Kate Spade and others, will be available to support the DreamIt NYC Summer 2012 program partipants, including the startups from DreamIt Israel, the newly launched Israel-U.S. accelerator.
The move by DreamIt is meant to better take advantage of its in-house expertise in this space. Mark Wachen, the managing director of DreamIt NYC founded Optimost, while DreamIt Founder David Bookspan is Chairman of Monetate. It seems only natural, then, that DreamIt would want to play up the eCommerce angle when going after new startups.
The organization tells us that the new board members include the following execs:
The board members will hold office hours, conduct seminars, and offer expert advice and mentorship to the companies selected to participate in the programs in NYC and Israel (the latter of which will also spend time in NYC).
DreamIt NYC plans to accept 15 companies this year. Applications close on March 16th.
DreamIt Ventures is a venture capital firm specializing in incubation and seed investments. The firm seeks to invest between $10,000 and $30,000 in each company. The organization was founded by Mr. David Bookspan, Mr. Michael Levinson, and Mr. Steven D. Welch and is based in the United States.
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