Predict your next investment

Incubator/Accelerator

See what CB Insights has to offer

Investments

94

Portfolio Exits

5

About WTIA Founder Cohort Program

The WTIA Founder Cohort Program aims to support entrepreneurs in Washington's tech industry. The Founder Cohort Program helps venture-scale startups develop over the course of one year.

WTIA Founder Cohort Program Headquarter Location

1721 8th Ave N

Seattle, Washington, 98109,

United States

206-448-3033

Predict your next investment

The CB Insights tech market intelligence platform analyzes millions of data points on venture capital, startups, patents , partnerships and news mentions to help you see tomorrow's opportunities, today.

Latest WTIA Founder Cohort Program News

WTIA’s Founder Cohort Program launches new class of 24 startups with inside tips from investors

May 17, 2019

Early-stage investors offered advice to startups on the first day of the WTIA Founder Cohort Program. From left: James Newell, Voyager Capital; Elisa La Cava, Madrona Venture Group; Jennifer Savage, Illuminate; Chris Picardo, Madrona; Cameron Borumand, Ignition; Manish Jain, Trilogy; T.A. (James Thorne / GeekWire Photo) A new group of startups tackling everything from business networking to marijuana data analytics have joined the Washington Technology Industry Association (WTIA) Founder Cohort Program . The year-long experience is geared toward early-stage founders in Washington state who want help growing their companies. It’s led by a team of business leaders that includes 6 Month Startup creator Dave Parker, SeaChange Fund managing partner Susan Preston and Leslie Feinzaig, founder and CEO of the Female Founders Alliance. Each of the startups is required to have one or more products in development and revenues of less than $1 million. The program, which is free for the companies, comes with a number of perks, including $10,000 in AWS credits, HubSpot discounts and access to Microsoft for Startups. The first class of two dozen startups began their journey last September. The idea is to give early-stage startups support, networking opportunities and a community of peers. On the first full day of the program, the founders got heaps of advice from Seattle-area investors. Among their tips: Make good first impressions. “First impressions are, frankly, everything,” said Manish Jain, a principal at Trilogy Equity Partners. Jain said it’s critical for founders to understand an investor’s focus before reaching out and to be tactful in their approach. Referrals are the best way to get in touch, but there’s nothing wrong with a cold call. “If you fit my thesis, I don’t care that I’ve never heard of you before,” said Heather Redman, a partner at Flying Fish Partners. Gather a team that people want to invest in. Founders are great, but investors want to know who else is supporting the startup. “We’re betting on team,” said Jain. “Oftentimes, we’re investing on two co-founders, their vision and strategy, and the product market fit.” The investors also said that, while they might occasionally invest in solo founders, a team of co-founders was preferable. Know that it’s your job to raise money. “It’s not a bad thing to get really good at raising money,” said Chris Picardo, a senior associate at Madrona. Fundraising can help founders learn to tell their story, and it can become a significant part of the CEO’s job as a company matures. But that doesn’t mean all founders should go for venture capital-level investment. For many, the better business decision is to bootstrap or find other sources of funding. “Our money is some of the most expensive that you can take,” said Picardo. Here’s the full list of startups and founders in the WTIA’s second cohort. NODE (Donald Bunnell, Molly Moore and Bec Chapin)

WTIA Founder Cohort Program Investments

94 Investments

WTIA Founder Cohort Program has made 94 investments. Their latest investment was in Motis as part of their Incubator/Accelerator on January 1, 2021.

CBI Logo

WTIA Founder Cohort Program Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

1/21/2021

Incubator/Accelerator

Motis

Yes

1

1/21/2021

Incubator/Accelerator

Mocel

Yes

1

1/21/2021

Incubator/Accelerator

Joyroot

Yes

1

1/21/2021

Incubator/Accelerator

Subscribe to see more

Subscribe to see more

10

1/21/2021

Incubator/Accelerator

Subscribe to see more

Subscribe to see more

10

Date

1/21/2021

1/21/2021

1/21/2021

1/21/2021

1/21/2021

Round

Incubator/Accelerator

Incubator/Accelerator

Incubator/Accelerator

Incubator/Accelerator

Incubator/Accelerator

Company

Motis

Mocel

Joyroot

Subscribe to see more

Subscribe to see more

Amount

New?

Yes

Yes

Yes

Subscribe to see more

Subscribe to see more

Co-Investors

Sources

1

1

1

10

10

WTIA Founder Cohort Program Portfolio Exits

5 Portfolio Exits

WTIA Founder Cohort Program has 5 portfolio exits. Their latest portfolio exit was Magalix on January 26, 2022.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

1/26/2022

Acquired

6

11/2/2021

Merger

Subscribe to see more

Subscribe to see more

10

8/3/2021

Acquired

Subscribe to see more

Subscribe to see more

10

8/11/2020

Acquired

Subscribe to see more

Subscribe to see more

10

4/10/2020

Acquired

Subscribe to see more

Subscribe to see more

10

Date

1/26/2022

11/2/2021

8/3/2021

8/11/2020

4/10/2020

Exit

Acquired

Merger

Acquired

Acquired

Acquired

Companies

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Valuation

Acquirer

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Sources

6

10

10

10

10

Discover the right solution for your team

The CB Insights tech market intelligence platform analyzes millions of data points on vendors, products, partnerships, and patents to help your team find their next technology solution.

Request a demo

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.