The annual Seed Accelerator Rankings (crafted by Rice University, MIT and University of Richmond) were announced yesterday and LA was once again well represented on the short list.
Home-grown accelerators MuckerLab and Amplify LA were two of the top 10. Boulder's Techstars — which runs a healthcare accelerator in partnership with Cedars Sinai — was also on the first tier.
MuckerLab is a year-long accelerator that has guided 35 successfully funded startups since 2011, including Retention Science, Twenty20, and Surf Air.
Based in Venice, Amplify was founded in 2011 and their portfolio features more than 40 companies, including AlphaDraft, RadPad, and Clutter.
The rankings were determined by six key metrics: Valuation, Qualified Exit, Qualified Fundraising, Survival, Founder Satisfaction, and Alumni Network. The accelerators and their startups shared a majority of the information but were reluctant to provide fundraising and valuation metrics. Rice University, Massachusetts Institute of Technology and University of Richmond, as educational, independent research entities, were able to obtain the information in confidence to provide greater transparency.
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