Apply
Application
Semifinal
Final

Description

The Preccelerator is founded by the law firm of Stubbs Alderton & Markiles, LLP as a way to show our commitment to the Los Angeles startup ecosystem.  SA&M aims to create a long-term relationship with each company to help them avoid pitfalls and strategically assist them on the road to success.  

The program is a 6-month term providing: initial capital; 24/7 use of co-working space in Santa Monica; a robust partner perks package worth over $500,000; over 100 mentors that provide value-first mentorship; a customized curriculum each term to meet the needs of the individual cohort companies; and tailored business advisement, fundraising strategy meetings, pitch practice and monthly accountability meetings to measure KPIs, development and fundraising goals.  We continually strive to surround the companies with resources to help them succeed.



Eligibility

Participation – Companies are required to be located in the co-working space a minimum of 3 days per week.  There are required workshops, accountability meetings and pitch practice sessions. The more companies are in the space, the more we know what needs they have, and can plug in necessary resources. Participation builds comradery amongst the companies.

Engagement – Our goal with the Preccelerator Program is to build long-term relationships with the companies, to assist them throughout their evolutionary path.  $25,000 in transactional legal credit through Stubbs Alderton & Markiles, LLP is issued to participating companies in the program.  This credit has no expiration date or requirement as to what type of legal services that it can be utilized for. The legal services are rendered under the standard engagement terms of Stubbs Alderton & Markiles, LLP.  Non-billable, non-substantive legal advice is also available when companies are in the Preccelerator space, as they meet with on-site attorneys.

Use Agreement – The Use Agreement is a standard code of conduct for use of the office space and participation of the Preccelerator Program.  The Use Agreement also includes a required background check for each company team member that utilizes the co-working space. The Use Agreement is given to each accepted company prior to the start of the Program so that it can be reviewed and any questions or concerns can be addressed well in advance of the start of the term.

Stock Purchase Agreement – With the $25,000 cash investment, a stock purchase agreement outlining the terms of the deal is required to be signed prior to the start of the Program.  Any questions or concerns can be addressed before submission.

Process

Applications are accepted on a rolling basis.  If companies pass the initial application round, they will be contacted to join us for an initial in-person or phone interview so that we can find out more about the company and how we can be a resource to you.  If selected, companies will qualify to pitch before our investment committee for a final interview.  Accepted participants will be contacted within a week of the final interview.

Prizes

  • $25,000 in cash investment
  • $25,000 credit towards transactional legal services
  • 24/7 coworking space with office resources like wifi, printer, copier, conference rooms, and guest reception.
  • $500,000 worth of available perks and credits from Preccelerator Partners such as AWS, Google, HubSpot, SendGrid, FbStart, ZenDesk, TriNet, LAVA, Early Growth Financial Services and others. Learn more.
  • 100+ “Value-First” Mentors that provide regular office hours on topics such as finance, tech, marketing, leadership, and fundraising. Expand your network and create relationships. We couldn’t do it without them! Learn More.
  • Customized Curriculum – each term has a different set of workshops that cater to the individual needs of the companies in the current cohort. There are also keystone topics such as equity compensation, term sheet negotiation, storytelling, and IP Basics.
  • Fundraising Strategy and Potential Introductions to Investors – Each term, we meet regularly with each company individually to discuss their fundraising needs, status, readiness, and strategy. We utilize our network to make introductions to investors when the company is ready for fundraising.
  • Access to many LA Startup Focused Educational and Networking Events. – We produce 75+ events in-house each year, but also have discounted and complimentary tickets to many Los Angeles tech events, including all events produced by the Los Angeles Venture Association (LAVA).
  • We have monthly accountability meetings to discuss goals, fundraising status, development status, needs and successes of each company.  We meet as a group to build comradery and accountability amongst the cohort companies.  Every company is invested in each other’s success.  We also meet with each company individually to hone in on specific areas of need.
  • Startup life have you lonely working from home or a coffee shop?  Your chances of success increase when working among other like-minded founders who are in the trenches with you, sharing resources, understanding your struggles and successes.  Our cohort companies become like family by the end of the 6-month term.
  • Life-time partnership. The Preccelerator ecosystem will be a life-long resource for your company for mentorship, use of conference rooms, educational and networking events and perks with partners.



Thank you for the feedback!

We take all inquiries to heart and look forward to adding new features and finding out new ways to help.

We love feedback as much as you do.

We built this site for you.

Let us know how to make it better and what features you want going forward!