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The exclusive network will host gatherings, work together to solve problems and help the founders in the program.
Mr. Sims says the fresh infusion of cash will help the founders flesh out their course offerings, nudging that notion closer to reality.
Want to help the founders?
A pumped-up valuation might help the founders retain more equity, but that doesn't matter without success.
The idea that Google could swoop in and dominate the online storage market certainly doesn't help the founders of several startups sleep better at night.
For those unfamiliar with AngelPad, its program provides companies with ten weeks of mentorship, and $20,000 in seed funding to help the founders get their products off the ground.
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A report on a fatal yacht crash during a race off the San Francisco coast in April said it was "troubling" that other competitors did not stop to help the foundering yacht.
"We really wanted to back founder CEOs and help the founder become the CEO".
Hollow, vague, pointless soft passes do nothing to help the founder.
To help the founder see the danger, I spent an hour telling stories of mistakes I had made.
David Sculley helped the founders -- Goerdt Abel, a neighbor of his in Pittsburgh, and his son, Godard -- develop a business plan.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com