Since the advent of accelerators, venture capitalists have competed to lock in deals with the best startups in a given batch. Entrepreneur turned investor Sean O’ Sullivan thought it would be better to develop a venture firm that owned and ran its own accelerators.
O’ Sullivan said, “There are a lot of really great ideas out there. But Series A rounds are not happening as easily as they used to. We’re here to get more companies further, faster, and get them to a greater degree of traction and profitability earlier so they can go on to raise those Series A’s.”