AngelPad attracts investors

 I listened to this Scoble audio interview on my iPhone4S: from Robert Scoble on Google+ …..” with +Thomas Korte who runs AngelPad: http://cinch.fm/scobleizer/299019.mp3″. 

The Cambridge Cluster seems to have been left behind in the stakes for theses incubators which attract major investors with some so confident in the skills of the people running the incubators that they offer everyone company an investment.

From the website: AngelPad is a mentorship program founded by a team of ex-Googlers to help web-technology startups build better products, attract additional funding and ultimately grow more successful businesses.  The aim according to Korte is to build better companies faster.

They have 2,000 applicants, of which 500 are good quality and 15 are chosen – so some big hurdles to jump or hoops to get through.  Unlike a few years ago, some of the applicants have products and profits.

No mention of a business plan resource.

AngelPad is started by ex-Google employees – presumably those who joined early and vested.  It just shows the importance to a cluster of sharing the equity in a successful companies so more people can help build the cluster…..

Hat tip: Robert Scoble

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