Join the Community
« In50Hrs 2 evinces interest beyond The Startup Centre | Main | The Second Edition of In50hrs is On Its Way - August 12th - 14th »
Sunday
Aug142011

Lightspeed Venture Partners Announces Support for The Startup Centre Residents

One thing you realize quite early on when it comes to the venture business is that its not a zero sum game. Things don't always add up.But there are also things that each of us, as members of this ecosystem have an obligation towards.

When we first Met with Bejul Somaia of Light Speed Ventures, the conversation was rather different than that of a typical investor. He was an investor, who had also been in the trenches of building a startup, exiting and with the experience of a serial entrepreneur. It was soon evident that we were with a kin in the same room.

The conversations have evolved since then, and we are quite excited to announce this partnership. At the moment, we already have a partnership with SAIF Partners, who is sponsoring teams through the resident Programme on the cost of the Programme. Lightspeed Ventures is offering the outstanding team out of the Programme a grant of Rs. 5,00,000 (Approx $10,000). The criteria, selection and decision will be made by both the Startup Centre team and Lightspeed Ventures, but we will lean mostly towards teams that have been able to achieve significant traction in terms of product development during their time at TSC.

This Partnership goes live from the upcoming batch, which is to commence on September 10th, and the Call for Applications close on August 31st. If you haven't applied already, here is one more reason - amongst the plenty more that we've already been happy to announce.

As of now, if we may say so, this is probably one of the best value adds as an Accelerator of sorts, that an entrepreneur can find themselves to be in... even before the Accelerator Programme of TSC launches in November.

EmailEmail Article to Friend

Reader Comments

There are no comments for this journal entry. To create a new comment, use the form below.

PostPost a New Comment

Enter your information below to add a new comment.

My response is on my own website »
Author Email (optional):
Author URL (optional):
Post:
 
Some HTML allowed: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <code> <em> <i> <strike> <strong>