Betaspring—the parent org that operates Founders League—shared some exciting news yesterday with the launch of RevUp, their newest accelerator program. RevUp is the first accelerator in the country for “revenue-first” companies—ventures where growth through revenue is the primary goal.
RevUp builds on Betaspring’s history and experience accelerating 89 companies and managing a portfolio that's raised $50MM in follow-on funding. But here's how it's unique:
--We work with companies that are already generating revenue.
--We don’t take equity. RevUp gets a return as revenue scales.
--We aren’t unicorn hunters. Our model doesn’t depend on exits. This expands the type of companies we can accelerate and invest in.
--We've added a Boston location, making it even easier for companies across New England to connect with us.
--RevUp supports companies that have been ignored. And there are a lot of them: 93% of the companies on the Inc 500 list of fastest growing companies have not received VC dollars.
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