Slew of New L.A. Tech Accelerators Boosting Startup Prospects

The boot camps for early-stage companies — hundreds of which have surfaced in the Los Angeles area recently — will transform the region into a technology hub, program founders hope.

From LA Times:

“Tim Sae Koo had an idea for a tech start-up, but the first-time entrepreneur had no idea what to do next.

In January, at the advice of a friend he joined the inaugural class of tech accelerator StartEngine, hoping to turn his vision for Hypemarks — a website at which users create collections of their favorite links — into a bona fide business.

Within three months Koo launched the website, and is now talking to a local investor about a substantial investment in the company.

“I learned more in the past three months than I did in the past 31/2 years at USC,” said Sae Koo, 21, who graduated a semester early before joining StartEngine. “Going into it, I expected to basically accelerate the business 90 miles per hour. Looking back, that’s exactly what happened…”

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