NewME Launches Accelerator for Minority-led Start-ups in Silicon Valley

http://www.blackweb20.com/2011/04/14/newme-launches-accelerator-for-minority-led-start-ups-in-silicon-valley/

by waynesutton • 15 years ago

7 4 15 years ago

OasisG• 15 years ago

Very happy to see this launch. I'm happy staying on the East coast, but if NewME ever launches something in NY I'd love to be a part of it.

My only quibble is with this:

"Without successful exits from minority-led start-ups we forgo creating new angle investors, venture capitalist, mentors, role models, and more start-ups."

NewME is an investor, so I get the need for returns, but it wouldn't hurt to have a few minority-led companies with a 37signals-like philosophy toward business and promotions.

AngelaBenton• 15 years ago

Hopefully we'll be able to have a program on the eastcoast too, it makes sense to but we are def trying to crawl before we sprint ;)

Just to clarify NewME isn't an investor. We aren't making financial investment in any of the companies and we aren't taking equity. We are providing the speakers, and mentors, and place to stay for the summer. We're also providing a community of sorts. :)

jdp23• 15 years ago

Great initiative. Agree on crawl before you sprint -- that said, please put Seattle on the list as well!

fmitchell• 15 years ago

also very happy to see this. hopefully this will lead to some great things in the future.

NewME Launches Accelerator for Minority-led Start-ups in Silicon Valley

Related Stories