High-tech start-ups training academy to open

May 05, 2009
A sign for All Street outside the New York Stock Exchange in New York in April. An online community devoted to helping start-ups duel with venture capitalists is opening an institute to train technology entrepreneurs how to build top-notch businesses.

An online community devoted to helping start-ups duel with venture capitalists is opening an institute to train technology entrepreneurs how to build top-notch businesses.

TheFunded.com has recruited 25 successful chief executives, among them Jason Calacanis of human-driven online search tool Mahalo.com, to be or teachers at an institute to open in in the coming months.

"Starting a great company has become increasingly difficult over the last 15 years that I have been an entrepreneur," said Adeo Ressi, who launched TheFunded in 2007 as an online forum where entrepreneurs learn ways to swim among financial sharks and not be devoured.

Ressi believes the Institute will bring about "the next wave of quality high-tech start-ups" and said the aim is to "simplify the process of launching a new company."

TheFunded lets start-up chief executives rate and share stories of dealings with them.

The Institute's four-month sessions are to include lessons in creating business plans, getting financial backing, and guarding against being ousted by investors eager to reap profits.

Institute partners include Microsoft's business incubator unit BizSpark, according to Ressi.

TheFunded now claims more than 11,000 chief executives as members and the website lists more than 4,000 funding sources for start-ups.

(c) 2009 AFP

Explore further: New approach to online compatibility

Related Stories

Technology Start-Ups Get Tips on Starting Out

Dec 14, 2007

Talk more about business and less about technology. Have a solid team. And consider calling on angels. Those were some of the key lessons at a UT Dallas workshop last week for would-be entrepreneurs seeking capital to turn ...

The Web: Founder sales flourishing

Aug 10, 2005

During the late 1990s and into 2000, every Internet entrepreneur had the same dream: Start an online company and launch an Initial Public Offering on Wall Street a year or two later, becoming fabulously wealthy in the process. ...

Recommended for you

New approach to online compatibility

1 hour ago

Many of the online social networks match users with each other based on common keywords and assumed shared interests based on their activity. A new approach that could help users find new friends and contacts with a greater ...

Most internet anonymity software leaks users' details

15 hours ago

Virtual Private Networks (VPNs) are legal and increasingly popular for individuals wanting to circumvent censorship, avoid mass surveillance or access geographically limited services like Netflix and BBC ...

WikiLeaks says NSA spied on French business

17 hours ago

WikiLeaks has released documents that it says show that the U.S. National Security Agency eavesdropped on France's top finance officials and high-stakes French export bids over a decade in what the group called targeted economic ...

Google gets extended deadline to answer EU case

18 hours ago

Brussels has given Google an extension until mid-August to answer an anti-trust case alleging that the tech giant abuses its search engine's market dominance, a company spokesman said Monday.

Facebook opens first Africa office

21 hours ago

Facebook announced Monday it had opened its first African office in Johannesburg as part of its efforts "to help people and businesses connect" on the continent.

User comments : 0

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.