FAQ
1. What industries do you focus on?
2. What does endeavor dc do for companies?
3. How does endeavor dc differ from other accelerator programs?
4. Where is the program located?
5. What stage companies do you accept?
6. Does my company need to be located in Washington?
7. Does endeavor dc provide funding to companies?
8. Do we need to use the shared office space endeavor dc provides?
1. What industries do you focus on?
endeavor dc is focused on consumer facing internet and mobile companies. Here are the sectors we focus on:
2. What does endeavor dc do for companies?
Think of us as an extension of your team – here to ramp your business. We provide hands-on guidance, identify key milestones for fundraising and work relentlessly with you to achieve those goals. We’ll pull in appropriate mentors and advisers along the way, make key introductions to potential business partners and investors and sit at the table with you to get big deals done. Companies also receive legal, accounting, creative and technical support.
3. How does endeavor dc differ from other accelerator programs?
Our model is more of the rifle approach than the shotgun approach – meaning we choose a small group of companies and we invest a significant amount of time with each company to get them to the next level. Our focus is exclusively on consumer focused companies, where we have very strong relationships. We are friends with many of the partners and mentors at other accelerator programs and believe that a variety of approaches is useful to give start-ups choices.
4. Where is the program located?
endeavor dc is located in the heart of Georgetown along the Potomac River in converted warehouse space. map
5. What stage companies do you accept?
We have no specific requirements but we’re looking for companies with a working prototype and ideally some beta users. Having a team assembled and committed is also important.
6. Does my company need to be located in Washington?
You don’t have to be located in Washington now but you’ll need to be in DC for the four-month program. Part of our mission is expand the start-up ecosystem in Washington so we’d encourage you to stay, but that’s up to you.
7. Does endeavor dc provide funding to companies?
Yes, typically $25k. The funding is to help you gain traction and get you through your next round of funding. In exchange for our investment, we receive an 8% equity stake in your company. Our equity is in the form of common shares – the same type of shares you own as founders.
8. Do we need to use the shared office space endeavor dc provides?
We work hands-on with each company and therefore require you to spend some time in our shared space each week. Our space offers the ability to collaborate and we have designers, developers and other service providers as well.
