techcrunch.com – A new Bay Area accelerator, NFX Guild, has emerged on the scene with plans to run a three-month-long program twice a year for between 10 and 15 companies. It has a novel approach, too.
For one thing, there is no publicly available application process. Startups will be referred to NFX by “scouts,” after which a select number will receive invitations into the program. The scouts are mostly VCs, including from CRV, Shasta Ventures, and Greylock Partners, three firms that have helped fund NFX, which has $10 million to invest. Some of the venture firms will have already financed the startups and be using NFX to help whip their portfolio companies into shape. In other cases, NFX will work with startups that the firms haven’t yet funded but whose progress they want to track.
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