New York’s Second Tech Accelerator Opens In Beta

DreamIt founder David Bookspan, DreamIt New York accelerator director Mark Wachen, accelerator general manager Kerry Rupp and DreamIt Ventures founder Steve Welch put down their pizza for this photo on day one of the DreamIt New York program.

Orientation! Today was the first day of the DreamIt Ventures accelerator’s brand new New York program, and entrepreneurs from 12 start-ups gathered around director Mark Wachen this afternoon in the accelerator’s three-quarters-of-the-way finished open office on the eleventh floor of a Chelsea elevator building on W. 27th and Broadway. The space is sunny and bright and equipped with wifi, coffee, water, a ping-pong table, clusters of desks, some computers and iPads and not much else. “That’s going to be another conference room there,” Mr. Wachen indicated a corner with some panes of glass leaning against the wall. “You can also use the stairwell conference room.” “Or the Starbucks conference room,” the office manager piped up. Read More


DreamIt Ventures Incubator Starts Monday; Demo Day in August

mark wachen

Philadelphia-based DreamIt Ventures, the second established accelerator to open a New York branch,┬áis gearing up to open its doors on Monday. The first hurdle–getting enough quality applications–proved to be no trouble, as managing director Mark Wachen and team had more than 500 applications to sort through in order to pick 15 companies. That’s an acceptance rate of three percent–higher than Y Combinator and the 1.7 percent accepted for TechStarsNY, but still extremely selective. Read More