PiinPoint, a location analytics company, co-founded by Jim Robeson, a graduate of Waterloo Engineering's Master in Business, Entrepreneurship and Technology program, and Adam Saunders, a current Waterloo Environment student, is the latest company from University of Waterloo incubator VeloCity, to participate in the prestigious Y Combinator accelerator program in Silicon Valley.
The startup was one of four $25,000 winners at the VeloCity Fund Finals in November.
Robeson and Saunders set up offices at VeloCity in Kitchener, Ontario in January, and moved to Mountain View, California soon after to participate in Y Combinator. They plan to return to VeloCity in April.
PiinPoint is the seventh company from Velocity to participate in the Silicon Valley-based accelerator to rapidly develop their business.
Michael Arrington, editor of the popular TechCrunch website, said that Y Combinator “captures the essence of Silicon Valley”. Twice a year, Y Combinator invests in startup companies that move to Silicon Valley for three months where Y Combinator partners help participants prepare their companies and refine their pitches to investors.
Each cycle culminates in Demo Day, when the startups present their business plans to an investor audience. PiinPoint is set to pitch at the Y Combinator Demo Day on March 25.
MBET grad's startup joins Silicon Valley’s Y Combinator
Tuesday, March 25, 2014