There’s a growing number of startup accelerators around the world, from Y Combinator in Silicon Valley to TechStars in Boulder and SeedCamp based out of London- All helping entrepreneurs to accelerate their ideas from conception to commercial business in a shorter time frame than normal.
Most take a huge chunk of equity in return for a small amount of early stage seed funding, but SSE Labs, the new accelerator programe based out of AOL’s offices on Page Mill Road, Palo Alto works differently; SSE labs is built in compliance with Stanford Student Enterprise to help nurture the existing world class entrepreneurial nature of Standford students.
It’s is a non-profit organization providing students with mentorship, education, resources and office space . ‘But don’t I have to be a student a Stanford’ I hear you cry…don’t worry, only one of your founding team members has to be a student at the university to get onto the programe.
SSE Labs was co-founded by Stanford student Cameron Teitelman, In the video I talk to Cameron about what makes SSE Labs different to other startup programs and why they are focused fully on community .You can follow them on Twitter here.
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All 3 of YCcombinator, Seedcamp, and Techstars take 10% or less in equity so “huge” is probably not the right word. Actually, little known point is that Seedcamp puts in 3x the funding for the same level of equity.