Another startup accelerator is debuting in LA today—Amplify. With the backing of some well-known Hollywood and Silicon Valley names, the Venice Beach-based incubator is launching a $4.5 million incubator and fund. Investors include Mark Burnett (Apprentice, Survivor), Brian Grazer, Jarl Mohn, Accel Partners, BV Capital, Greycroft Partners, Rustic Canyon, Tomorrow Ventures (Eric Schmidt), Tim Draper, Gordon Crawford, Vivi Nevo, Paige Craig, Diego Berdakin and Tom McInerney.
LA-Based Startup Accelerator Amplify Launches $4.5M Fund With Backing From Mark Burnett, Brian Grazer, Eric Schmidt
The accelerator, which is being managed by Paul Bricault and Richard Wolpert, will be looking to incubate and invest in companies at the intersection of technology and entertainment.
Amplify will provide portfolio companies with four months of intense collaboration and mentorship with each startup receiving up to $50,000 in seed capital, office space, weekly mentor meetings with entrepreneurs and a 3-year hiatus on city taxes.