“What happens at the end of the third month at Eleven?” Just to put it in context, Eleven is a 12 million Euro acceleration and seed fund based in Sofia, Bulgaria. Our investment cycle starts with funding startups with 25 thousand Euros for a period of three months, on average. After that, we have the option to either invest a full seed round of up to 200 thousand Euros, or follow up with another 25 thousand for a second acceleration period if needed. And of course, we always have the option to do nothing. This post is about what matters to us when deciding which way to go.
Having attracted over 500 teams from 52 countries in 2012, the Webit Congress StartUp Challenge will again highlight the work and ideas of 21 shortlisted startups, giving them the opportunity to exhibit for free and pitch in front of major investors, VCs, partners, 530 international media representatives / blogggers and over 6000 Webit Congress delegates from 70+ countries.
We’re proud to say that Unioncy, your online treasure trove and best mate for organizing your personal belongings and discovering new products, is officially launching today.
“We should be doing this more often” was the general take from our London week. And it was not about the city... London was its usual not very hospitable self during this part of the year...it was all about the people we met.
Eleven Accelerator Venture Fund, with the support of XS Software will host a 6-months program for game startups, to begin in April. Applications are taken online at www.f6s.com/Elevengames.