DreamIt Ventures gives 10 startups a year a little money ($10,000 – $25,000) and a lot of mentoring to help them launch their businesses. I invited one of the seed fund’s co-founders, Steven Welch, to talk about how they pick the 10 startups and how they help turn ideas into businesses.
I also asked him to tell us a little bit about the business he bootstrapped in his 20s and his recent run for Congress.
Steven Welch, DreamIt Ventures
Steven Welch is the cofounder of DreamIt Ventures, a venture capital firm specializing in incubation and seed investments. In July 2007 (at the age of 29), Steven sold the Mitos group of companies that he had started building 6 years earlier to Parker Hannifin (NYSE: PH)—an S&P 500 company.
This program was sponsored by
Wufoo- The easy way to add elegant forms and surveys to your site. (I use them on my site’s contact page. When we got married Olivia and I used Wufoo on our wedding web site to collect RSVPs because their forms are beautiful.)
Shopify – Thousands of stores are built using Shopify because it’s easy to set up and manage. Tim Ferriss recently announced a contest that offers $100,000 prize for the highest grossing store. Go start your store now.
Grasshopper – Entrepreneurs (like me) love and use Grasshopper because it offers all the features of the big, expensive phone systems (like multiple extensions, music on hold and call forwarding) but it works with any phone and starts at only $9.95 a month.