Tuesday, September 11, 2018 by Wissam Otaky (Hatcher+) 2,981 Views
I met Glenn Argenbright just under a year ago, and it didn't take long for me to realize just how awesome the firm he and his partners were building really was. Today, I'm thrilled to announce that Quake Capital is the most recent co-investment partner to join the H+ family.
Through this partnership, we will invest an additional $50,000 in each company accepted into any one of Quake’s accelerator cohorts, meaning startups now get a total investment of $200,000. In addition, Quake gains access to our proven AI-based platform to assist in assessing accelerator candidates and tracking investment performance. Portfolio companies will also have access to the extensive Hatcher+ network, enabling expansion across different geographies.
From Glenn: “Quake is excited to collaborate with Hatcher+ to support our growing accelerator program. Hatcher’s tech-enabled and data-driven platform pairs perfectly with Quake’s hands-on and bespoke approach. This partnership allows us both to be more than the sum of our parts.”
For those who don't know about Quake, they host three accelerator programs across the United States: New York, Los Angeles and Austin. The programs offer hands-on mentorship from key advisers, providing cohort companies with unparalleled access to the top players in their respective fields. The firm has invested in a range of industries, including finance, media, and more, and accelerator graduates boast high levels of follow on funding.
After studying their model, I am convinced that Quake integrates the best practices of programs I have seen across the world. They have a keen understanding of the challenges faced by start-ups within its ecosystem, and are steered by a team that has a proven track record. Quake is one of the best accelerators operating today, and by joining our growing effort to revolutionize early-stage venture, they are now connected with our other partners around the world, including Blue Chilli in Australia, LuissEnlabs and Fashion Technology Accelerator in Milan, and Blue Startups and Innova in the U.S. Welcome aboard!
Prior to joining Hatcher as Group CFO and now Partner, Wissam served as the CFO of MarkaVIP, at the time the Middle East’s top fashion & lifestyle ecommerce business. Wissam previously spent 5 years with Dubai Contracting Company in multiple roles, including working as the company’s Business Development Manager and Group Financial Advisor, handling multiple acquisitions and greenfield projects, and leading the company’s efforts in Jordan and KSA. He co-founded 2 startups early on in his career in Montreal, Canada and is now is an active angel investor and advisor to startups. Wissam holds a Bachelor of Commerce degree from McGill University with a double major in Finance and Economics and a minor in Statistics, which he earned with first class honors in 2002, and has been a chartered financial analyst since 2006.
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