Shotput Ventures of Atlanta has recently launched with their first session this summer. Using the by now familiar formula of $5,000 per team plus $5,000 per founder in exchange for 5% – 10% of equity on entrepreneur friendly terms.
The team is a strong group of successful entrepreneurs with backgrounds in web and software technology. Certainly a viable candidate when you are applying to the list of startup accelerators built on the mold of Y Combinator. If they have a winter program, they will be even more attractive to the snow bound Boston teams.
The un-answered question is who will be the audience for “demo day”? Will Ron Conway or Sequoia be there? Ultimately the test is how many successful companies will be spawned by the program.
They are off to a good start and we look forward to seeing the companies that spring forth under the guidance of Shotput Ventures.