Quake had our first Demo Day a couple weeks ago and it was incredible. From running around setting up for the event hours before it started to watching each team present their final pitch that they’ve practiced dozens of times, it was a truly gratifying experience to watch everything culminate to a single moment at Demo Day.
To give you a little perspective, we began accepting applications for our newly-graduated class back in August of last year (psst: read about each company in our last blog). We finalized our class by January and officially launched our Spring accelerator in February. Since then, each company has been working tirelessly to perfect their pitch (learn how to perfect your pitch) and most importantly, their company. With the help of Quake’s outstanding team of mentors, industry professionals, and investors, each company has made significant progress towards their goals.
So what happens next? Well our graduated class is now part of Quake alumni. We’ve raised close to 10 million dollars through our accelerator program with each startup averaging a little over 1 million dollars each. Other notable figures? One of our companies increased their initial valuation x8 after just 14 weeks with us! Quake is very proud and honored to be able to provide a vital stepping stone for all these companies. We’ve helped them navigate through the crazy, hectic maze that is the startup world and now they’re fully ready to spread their wings and fly. Best of luck to our graduating class of Spring 2017! May your endeavors be nothing but success!
Looking ahead, we are currently finalizing our next cohort that launches in August. Stay tuned to find out which 12 companies will make it out of thousands that applied!