Comments on Funding:
Funding will take the form of seed and small cash investments, credits and discounts. The average investment proceeds to the applicant’s company are $25,000 (net of the provided tuition fee offset). The aggregate value of credits and discounts is more than $450,000. The average value of perks used by most Alchemist companies is $175,000.
Alchemist will also request a single-digit grant of common equity or its equivalent, varying depending on the business.The accelerator may also ask for the right to invest a minority / non-threatening co-investment in the follow-on rounds. Most Alchemist companies grant 5.0% of equity, but Alchemist has flexibility on terms.
Applicants are companies which:
Alchemist will also accept solo founders. However, the bar for solo founders is significantly higher, given the difficulty of executing the vision before the applicant has assembled the founding team.
complete and submit the application form (the applicant may submit an application at any time, and Alchemist Accelerator will review it at the next application date);
Other Things to Note:
Each Alchemist class runs for six months. Programming and events are optimized for time zones in California and Europe, though you may participate in Alchemist from anywhere in the world.