by David Bookspan, co-founder DreamIt Ventures
2014 was an explosive year of growth and success for DreamIt. I took some time over the holidays to reflect on where we started and where we have come.
Mike, Steve, and I launched DreamIt in 2008 with a mission to pay-it-forward by building process around startups that stripped away as many obstacles, and put as many resources behind them as possible to enable the most promising founders to build their companies faster. In the last six years, DreamIt has grown to a team of 14 Partners, 13 world class companies supporting specific vertical tracks, 175-plus 1:1 mentors, over 20 world class service providers, scores of technology providers, and countless supporters. Together, this community has rallied around the mission of helping to launch companies that can tilt the globe.
Since 2008, DreamIt has launched 179 companies including companies like SeatGeek, LevelUp, Notehall (acquired by Chegg NYSE:CHGG), Parsely, Biomeme, Mindsnacks, and Adaptly. DreamIt Companies have gone on to raise close to $180M in follow-on funding and at a market value over half-billion dollars.
In 2014, many DreamIt companies surpassed milestones and achieved well-deserved recognition:
– Biomeme (DreamIt Health Philadelphia ‘13) was deployed to West Africa by the U.S. Department of Defense to help the world fight Ebola.
– Elevate Labs (DreamIt Philly ‘10) was named the #1 App in the Apple App Store
– SeatGeek (DreamIt Philly ‘09) closed their Series B round of $35M led by Accel Partners and with star investors such as Peyton Manning, Carmelo Anthony and NAS
– Stylr (DreamIt NY ‘13) was acquired by Walmart
– Seratis (DreamIt Health Philly ‘13) won the Verizon Powerful Answers Award
– Nikhil Sethi and Garrett Ullom the founders of Adaptly (DreamIt Philly ‘10), were named to Forbes 30 under 30
– Senem Guney, Priya Buthani, and Allison Berliner, all DreamIt Female Founders, were named as the three fellows for the 2015 Alliance of Women Entrepreneurs Building Bridges program
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