Angelpad Selects Top 2% Of Startups
Angelpad is a mentorship program that was founded by a group of ex-Google executives, and they held their second demonstration on Tuesday for start-ups to pitch to investors in San Francisco. Currently, there are thirteen companies that range widely, but mobile was a large percentage of the group. These thirteen companies were hand selected out of a total of 800 applications, drawing some rather impressive statistics, falling within the top 2% of total applicants.
One of the co-founders of Angelpad advised companies to first get the company going before focusing on raising “big venture dollars.” While he believes it is fine to raise $250,000 to get the essential cogs of the company rolling, it’s most important to make sure the company is successful if one is to obtain the true investment dollars. Of the companies that presented, Splash, a plug-in for mobile game developers was designed to connected with friends across mobile games, notifying them of their friends’ activities.
It’s kind of like Apple’s Game Center service but with a bit more funcitonality. Another notable mobile application was dubbed Cloudbot and allowed people to connect to cloud services, such as Facebook and Foursquare. From typing a simple name, users can search for a person’s contact information across Facebook, Linkedin, and other social networks.
The application then allows the user to search for restaurants that have been previously checked in via Foursquare. The owners of Angelpad did have their eye on one app; Crittercism. Crittercism is a service for developers to monitor their mobile applications via crash reports. This allows developers to know why their software might have a 1-star rating on the Amazon marketplace without having to read through thousands of reviews. Personally, the last one caught my eye as well. I find it a bit frustrating when I am browsing through Amazon’s marketplace and I have to sort through a bunch of low-rated applications. I feel that my browsing could be much more efficient if all apps rated less than 3-stars were wiped off the list. Maybe with Crittercism, that dream can soon be a reality!