Startup accelerator and entrepreneurial campus Amplify launches inLos Angeles with a $4.5 Million Fund

Amplify, a new mentor-driven startup accelerator is setting up shop near Google in Venice Beach, Los Angeles. Paul Bricault (Greycroft Partners, William Morris Agency) and Richard Wolpert (Accel, Real Networks, Disney) are leading Amplify’s management team.The accelerator is currently renovating the historic building at 1600 Main Street in Venice designed by famous architect Steven Ehrlich. The 10,000 square foot property, where part of the Venice roller coaster once stood, will soon be a central startup hub.

“Los Angeles has worked exceptionally hard at building a thriving entrepreneurial ecosystem, and it’s naturally converging along the coastline,” said Paul Bricault. “Now it’s time to raise our city’s tech profile even further by putting a stake in the ground and letting everyone know where they can go to find community support and education. The Amplify campus will be that very place.”

Amplify will provide its portfolio companies with four months of intense collaboration designed to amplify their startups for success. Featuring a rolling curriculum, companies can apply and be admitted at any time. In addition to traditional foundational support and services, Amplify members will receive:

• Up to $50k in seed capital and the opportunity for follow-on support
• Dedicated office space with VIP access to community workshops and events
• Hands-on, weekly mentor meetings with seasoned entrepreneurs
• 3-year hiatus on city taxes