Graduation Day for MACH37 Companies

71953447099393596bef29ed1eb18adfWe’ve covered MACH37 before, the local security startup incubator. Well last week they announced graduation day for a number of companies they have been working with.

via ConvergentWealth.com

I didn’t see any tears, but the emotion was undeniable. Mach 37 has graduated its first start-ups. For those not familiar with the organization, Mach 37 is the Center for Innovative Technology’s (CIT) cyber security accelerator. Four companies presented at Demo Day, having spent the previous 90 days in an intense program designed to help them polish their business plan, present a clear value proposition, and, most importantly, get funded.

More than a few local venture capital luminaries showed at CIT’s Herndon headquarters (perhaps those of you in the DC area have wondered about their building—the slightly askew, inverted pyramid, just off to the side when you fly into Dulles).Tech accelerators have become all the rage of late, garnering much in the way of press but perhaps not so much in terms of actual exits.

Virginia’s goal to brand itself a “Cyber Hot Spot” seems to be working. The recent frothy, 1998-esque $1B acquisition of Mandiant by FireEye* is but the latest example of a thriving deal environment. Billions, it seems, are being spent to keep villainous hackers out of your credit card account—and so far, with only limited success. No doubt one reason FireEye, to the applause of Wall Street, paid an astounding 10X revenue for its acquisition.

Continued here.

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Today’s post pic is from PRWebb.com.

3 comments for “Graduation Day for MACH37 Companies

  1. March 17, 2014 at 12:58 am

    Graduation Day for MACH37 Companies http://t.co/e8rtuWgZFL

  2. March 17, 2014 at 1:13 am

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  3. March 17, 2014 at 4:00 am

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