Mach37 has recently upped the amount of their initial investment from $25,000 to $50,000 for the next cohort starting March 17th. But hurry up … the deadline for the next round of applications is fast approaching … like tomorrow (1/31) (recently updated to 2/14).
For those not familiar with Mach37, they act as the local infosec startup incubator at the Center for Innovative Technology (CIT). If you’ve ever driven west out on Dulles Toll Road and noticed the darkened inverted triangle building, that is the CIT and were Mach37 is located.
Update 1/30 @ 9:15: Mach37 has extended the application deadline for the Spring 2014 cohort to 2/14/2014.
We at Mach37 have decided to modify the terms of our initial investment in each company in our Spring 2014 cohort to double our financial commitment to $50,000. This additional financial investment will not only help Mach37 entrepreneurs attract complementary team members, but also will provide them with additional resources necessary to expand target market validation and further accelerate technology development.
Earlier this month, Mach37 completed its first Cybersecurity Investor Demo Day. Along with six CIT GAP Fund cybersecurity entrepreneurs, our four F13 (Fall 2013) cohort participants presented their companies to an audience of over 100 information security investors. By all accounts, their presentations were successful and I believe they foreshadow many future successes by Roy Stephan (PierceGTI), David Lehrer (Conatix), Ethan Allen (Sikernes) and Shawn Key (Key Cybersecurity).
As I think about each of their presentations, it seems almost unfair that they were limited to eight minutes each. The brevity of a demo day pitch belies the immense amount of work each of these entrepreneurs delivered over the past four months. As anyone who has ever built an effective investor pitch will attest, the significant majority of the work is conducted weeks and months ahead of time.
Today’s post pic is from Herndon.Patch.com.