Since we officially launched the Atlanta Ventures Accelerator 3 weeks ago, the response has been overwhelmingly positive. Here are a few quick stats as of last week, so a solid two weeks of data. No doubt there is an early adopter spike and we will see the numbers fall off and stabilize, but it has been fun so far.
In the first two weeks over 40 applications have been received and reviewed.
We held in-person pitch meetings with ~50% of these.
Of the meetings:
- 50% weren’t a fit
- 30% could be a fit, but need some more time
- 20% were good enough to schedule a second meeting (7% of total applications received)
I believe we’ll have 2-3 additional companies in the Accelerator within 30-60 days. It’s a fun time in the Atlanta Tech Village! The metrics are great so far and much better than we expected. Talking about the resource rich ecosystem is one thing, but those who know me, know that what I really like is playing in the dirt with these startups. I’m excited to see some awesome companies built in Atlanta in the next 5 years.