Tuesday, March 19, 2013

New Accelerator, Be Great Partners, Plans $6M Investment Fund

Be Great Partners, the newly launched startup accelerator which has set up shop on Wilshire Blvd in the Variety Building, said Monday that it plans to launch a new, $6M fund to make investments of $25,000 to $50,000 in new products. The firm said it is planning to accept outside applications later this year for its accelerator. The new accelerator is headed by Lin Miao, formerly one of the founders of a somewhat controversial startup, Tatto Media. According to Be Great Partners, it is planning to work with LA mayoral candidate Eric Garcetti on efforts to bolster the city's economic and tech infrastructure. Be Great Partners did not say how far along its investment fund is, or when it plans to start making investments out of that fund.