Flashstarts Looks for Big ideas to Fund Over 100 Startups

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View the original story published by WKSU. Published on May 13, 2017. A Cleveland venture capital group plans to fund over 200 startups in Ohio through a new state-wide initiative. Flashstarts is working with the Third Frontier program to distribute over $100 million over the next three years. It’s called the Cleveland200 fund. Flashstarts CEO Charles Stack says at least $5 million of the fund will advance job growth in Northeast Ohio by supporting startups. Listen to the Audio. "Every study that’s ever been done shows that the vast majority of all new jobs come from startups. Big corporations over time add and reduce and eliminate almost as many jobs, so it ends up being a net of zero. But actual job creation is almost entirely the result of new companies."…
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Flashstarts Announces Cleveland200 Fund. Gateway to $100 million in Seed Stage Funding

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View Original Story published in Business Wire. Published on May 9, 2017. CLEVELAND--(BUSINESS WIRE)--Flashstarts, Inc., a startup accelerator, is pleased to announce the launch of The Cleveland200, a $5 million micro-venture fund focused on high-growth startups. The Cleveland region has recently witnessed the launch of a new group of seed stage funds totaling over $100 million. The focus of the Flashstarts accelerator program and the Cleveland200 fund is to equip startups for follow-on investment from this $100 million regional investment pool over the next 3 years. This $100 million in newly available funding is the result of the Ohio Third Frontier Program’s recent commitment to seven Cleveland-area funds focused on seed-stage investment. This is the largest regional seed-stage investment pool in the world. The funds are to be deployed between…
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Flashstarts Launches $5M Cleveland200 Fund

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View original story published by FINSMES here. Published on May 9, 2017. "Flashstarts, Inc., a Cleveland, OH-based startup accelerator, has launched Cleveland200, a $5m micro-venture fund focused on high-growth startups. Led by CEO Charles Stack, and COO Shannon Lyons, Flashstarts is focused on disruptive ideas in healthcare IT, enterprise SaaS, data & analytics, IoT, AI & machine learning, FinTech and other software innovations. The accelerator program and the Cleveland200 fund aim to provide startups with follow-on investment from an over $100m regional investment pool over the next 3 years launched within the Cleveland region via a group of seven seed stage funds. Ohio Third Frontier Program’s committed funds are to be deployed between 2017 and 2019. With an average of $500k per investment, there will be about 200 seed stage companies…
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North Coast Angel Fund invests in Remesh

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North Coast Angel Fund announces an investment in Remesh as part of a $2.25m Series A round led by Chicago VC, Lionbird. Remesh is a platform that enables organizations performing market research to conduct unique interactive focus groups with hundreds - or thousands - of people. Using artificial intelligence and natural language processing, Remesh generates quantitative and qualitative insights in real time, all while providing the moderator with flexibility to pivot in response to the focus group. Remesh is Flashstarts portfolio company
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