SalesLoft provides prospect automation software to help sales reps build lists of prospects and run sales programs.
The Atlanta Ventures Accelerator (AVA) is a peer and mentor driven, non-cohort based, year-round program for Atlanta-based tech startups that maximizes leverage of all resources of the Atlanta Tech Village.This includes community, mentor network introductions, coworking space, educational programs, peer huddles and events, and access to top experts in all things tech startup.
Acceptance to the program is year-round and unscheduled. Startups receive $20,000 from Atlanta Ventures plus (at the company's option), a $100,000 investment from Buckhead Investment Partners (BIP) Early Stage fund. Both Atlanta Ventures and BIP are open to participating in the seed round as well, but our participation isn't part of the guaranteed benefits.
Ideal candidate startups:
Typical Timeline: From Accelerator term sheet to seed round is expected to be 4-9 months
In addition to the $120k in funding, startups receive:
Relationships and Network Access
Rhythm & Accountability
Benefits of Being in Atlanta Tech Village
Participation and Structure Options
The Atlanta Student Fund offers Georgia Tech students with startups an investment in the range of $5,000 to $10,000 to give these companies a little financial push that can help them get to the next level.
What does the Atlanta Student Fund get in return for their investment?
Our investment turns into 3% equity of the company when the company raises an additional round of financing of $100,000 or more.
Do the founders of the startup have to be Georgia Tech students?
We’d like at least one founder of the company to be a Georgia Tech student. If you are a non Georgia Tech student with a company, please reach out to Lindsay or Ben about other opportunities.
Do the founders of the startup have to stay in school after they receive the investment?
Our unofficial motto is “be cool, stay in school.” We’d love to see the founder(s) finish school and build an awesome company at the same time.
Do you have to be an official LLC or Corporation to receive the investment?
No. If you have a startup but don’t have an official legal entity formed yet, we form an official Georgia limited liability company for you. The investment isn’t large enough for you to spend your investment money on legal fees, therefore we will take care of the basic legal/formation work for you.
What if I don’t understand the crazy legal terms in the official investment documents?
We totally understand. We will provide an “plain language” term sheet that will help explain the details of the investment in simple terms. More importantly, we can connect you with a partner from a huge law firm, DLA Piper, who has offered to answer your questions and offer free advice during this initial investment stage.
Is there potential for follow up investing?
Yes. The fund limit was set with the intention of making follow up investments in companies that we see fit.