Working off of little sleep but big ideas, three teams of young entrepreneurs pitched their startups last night at the Massachusetts Institute of Technology (MIT), which included new ways to give to the needy, improve college classes and communicate with a group.
What happens when you bring 40 aspiring entrepreneurs together over a weekend, create a space for ideas to flow, load in cases of caffeinated beverages, mix in three squares a day, and provide mentoring from some of the brightest in the business who have built successful startups? The entrepreneurial exploits of 3 Day Startup, where dreams come true and companies are conceived in a mere 50 hours. The weekend is designed with 2 specific goals in mind: kick starting new companies and building entrepreneurial capabilities for students and their university communities.
At the end of April 2011, the Rackspace Startup Program was invited to the 3 Day Startup event held at our Rackspace headquarters here in San Antonio, TX. Five teams participated in the caffeine-fueled program including helloworld.im, a concept developed by Alex Manelis and designed by Alex Baldwin, which provides a simple profile for developers to be discovered by recruiters. In just three weeks following 3DS, the “Alexes” were invited along with 20 other companies to participate in the 500 Startups Accelerator, part of the early-stage incubator and internet startup seed fund founded by Dave McClure in Mountain View, CA.