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: Brazil passes trailblazing Internet privacy law

add to favorites email to friend print save as pdf

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

Brazil passes trailblazing Internet privacy law

3 hours ago

Brazil's Congress on Tuesday passed comprehensive legislation on Internet privacy in what some have likened to a web-user's bill of rights, after stunning revelations its own president was targeted by US ...

Research shows impact of Facebook unfriending

18 hours ago

Two studies from the University of Colorado Denver are shedding new light on the most common type of `friend' to be unfriended on Facebook and their emotional responses to it.

LinkedIn membership hits 300 million

Apr 18, 2014

The career-focused social network LinkedIn announced Friday it has 300 million members, with more than half the total outside the United States.

User comments : 0

More news stories

Robot scouts rooms people can't enter

(Phys.org) —Firefighters, police officers and military personnel are often required to enter rooms with little information about what dangers might lie behind the door. A group of engineering students at ...

Finalists named in Bloomberg European city contest

Amsterdam wants to create an online game to get unemployed young people engaged in finding jobs across Europe. Schaerbeek, Belgium, envisions using geothermal mapping to give households personalized rundowns of steps to save ...

Internet TV case: US justices skeptical, concerned

Grappling with fast-changing technology, U.S. Supreme Court justices debated Tuesday whether they can protect the copyrights of TV broadcasters to the shows they send out without strangling innovations in ...

Brazil passes trailblazing Internet privacy law

Brazil's Congress on Tuesday passed comprehensive legislation on Internet privacy in what some have likened to a web-user's bill of rights, after stunning revelations its own president was targeted by US ...

In the 'slime jungle' height matters

(Phys.org) —In communities of microbes, akin to 'slime jungles', cells evolve not just to grow faster than their rivals but also to push themselves to the surface of colonies where they gain the best access ...