internet of things venture capital founded 2012 headquarters san francisco california key people ravi belani founder & managing partner danielle d agostaro partner website www.alchemistaccelerator.com the alchemist accelerator is a venture backed business incubator focused on accelerating startups whose revenue comes from enterprises . 1 the accelerator backs teams with distinctive technical founders and provides startup capital investments of around 28k . the program includes a structured path to sales customer development and fundraising along with mentorship and a community of founders . the alchemist accelerator is backed by draper fisher jurvetson khosla ventures us venture partners foundation capital alongside strategic corporate investors cisco systems 2 sap ventures and salesforce.com . the accelerator seeds around 40 enterprise monetizing ventures per year . contents 1 history 2 the program 3 notable investments 4 statistics 5 see also 6 references 7 external links history edit the alchemist accelerator was founded in 2012 by stanford university professor ravi belani . 3 prior to starting the program belani was part of a 3 year entrepreneurship education & outreach program started in the harvard club of san francisco which transitioned into the formation of the accelerator . upon formation of the program belani s former firm draper fisher jurvetson backed the program with an initial investment . shortly after khosla ventures and us venture partners invested in the program . in late 2013 the company entered into a strategic partnership with salesforce.com providing enough capital to fund the program through 2017 . 4 following an investment from partner cisco systems in 2014 the accelerator launched a special program targeted at internet of things startups . 5 6 the program opened up a special track of services available for iot companies including mentors technology support and facilitated access to key partners . in 2014 the program partnered with investment site angellist to launch a syndicate fund . much like an index fund this partnership allowed virtually any investor to invest in every member of the alchemist class all at once . the program edit the program provides a small cash investment in the form of a convertible note . even though the program funds startups they do take a tuition charge but provide additional capital in the note to cover the tuition charge . 7 co working space for companies in the program is provided in san francisco santa clara and limited space in menlo park . all elements of the program including mentors meetings and check ins are optional . the only exception is the demo day a one day event that attracts roughly 200 venture capitalists to view the pitches of the startups in the program . at the beginning of the program companies submit a profile snapshot of their company and needs . the accelerator team syndicates the profile with customer prospects typically fortune 100 companies feedback coaches for fundraising typically trusted venture capitalists and mentors . the program provides an opportunity for companies to casually meet all of these people during a meet and greet . then 1 1 meetings are set up with a core focus on customers who could do a proof of concept if it s a right fit and vc s who will give feedback . the intent is for startups to meet 1 1 with investors and customers throughout the first half of the program to fine tune their offering and pitch . 8 throughout the program the accelerator holds day long summits . these day long events provide startups with an opportunity to meet one on one with high level executives of companies that could be potential customers . additionally many venture capitalists attend the summits providing feedback and introductions to companies looking to raise capital . the accelerator hosts a demo day towards the end of the program where companies get access to pitch funding sources . they also host guest lectures roundtable discussions and other social events intended for networking . 9 notable investments edit the alchemist accelerator has backed approximately 80 startups to date . notable acquisitions include cisco s purchase of real time collaboration software assemblage 10 and the acquisition of cloud security company mobilespan by dropbox . 11 other notable investments include the winner of salesforce s 1 million hackathon prize upshot 12 machine learning startup wise.io 13 and influencer marketing platform neoreach . 14 statistics edit as of september 2014 the program has invested in approximately 80 startups . of those 54 companies have presented at their respective demo day an event which occurs once per class at the completion of the program . 29 of the 54 graduating companies proceeded to raise over 1 million usd in venture capital financing . the mean financing amount for those 29 companies was 2.1 million usd . since its formation in 2012 three of its incubation companies have been acquired . 15 16 17 see also edit y combinator company business incubator references edit http techcrunch.com 2012 09 06 enterprise startup accelerator gets boost from cisco http blogs.wsj.com venturecapital 2014 04 30 cisco systems boosts investments in startups by 150m http go.bloomberg.com tech deals 2012 05 08 stanford instructor to launch accelerator for enterprise startups http pevc.dowjones.com article an djfvw00020140117ea1haorw6 & cid 32135016 & ctype ts & pid 32 & returnurl http % 3a % 2f % 2fpevc . dowjones.com % 2farticle % 3fan % 3ddjfvw00020140117ea1haorw6 % 26cid % 3d32135016 % 26ctype % 3dts % 26pid % 3d32 http venturebeat.com 2014 04 30 alchemist launches a special accelerator for internet of things startups http www.citeworld.com article 2150320 internet of things here are two internet of things startups cisco will soon help fund.html http www.alchemistaccelerator.com alchemist accelerator more info http www.alchemistaccelerator.com alchemist accelerator more info http gigaom.com 2013 01 18 alchemist accelerator shows off as enterprise investment picks up http blogs.cisco.com news cisco announces acquisition of assemblage http techcrunch.com 2014 06 10 dropbox mobilespan http venturebeat.com 2013 11 21 salesforce announces its 1m hackathon winner http blogs.wsj.com venturecapital 2014 03 17 inspired by astrophysics machine learning startup wise io raises 2 5m http www.pehub.com 2014 09 neoreach snags 1 5 mln seed http blogs.cisco.com news cisco announces acquisition of assemblage http techcrunch.com 2014 06 10 dropbox mobilespan http render.otoy.com newsblog p 362 external links edit official website v t e private equity and venture capital basic investment types buyout venture mezzanine growth secondaries equity co investment history history of private equity and venture capital early history of private equity private equity in the 1980s private equity in the 1990s private equity in the 2000s terms and concepts buyout financial sponsor management buyout divisional buyout 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