Change the face of healthcare
We and our strategic partners work closely with you to foster rapid growth through funding, intense coaching and access to opportunities rarely in reach for startups.
$50k in seed funding per team, plus up to $250K in follow-on funding from DreamIt Ventures. Warm introductions and face-to-face meetings with active seed-stage investors.
Access to clinicians, executives, data, clinical systems and potential pilot or customer opportunities with the nation’s leading medical institutions. Warm intros and access to operators and subject matter experts at leading healthcare organizations including payers, providers, pharmacos, vendors, and government.
Weekly “Board meetings” with DreamIt Ventures’ managing directors to problem solve, get you connected and hold your feet to the fire. Hand-picked mentors chosen for their startup operating experience, fit with your venture, and commitment to spending significant time with you each week.
Free legal services from the leading law firms in the city. Free office space in a rigorous and creative working environment. Free Amazon Web Services plus other donated services and products.
Learn best practices, tools and techniques from leading practitioners of their craft with multiple talks and office hours each week spanning business, technology, design and healthcare. Fill in other gaps in knowledge with Founders 101, a startup-focused crash course in product management, sales, marketing, finance, accounting, legal, HR, and operations taught by DreamIt’s own managing partners and directors.
The price of admission is 8% common stock, split among DreamIt Ventures and the industry-leading strategic partners for each cycle. You gain long-term investors aligned with the founders and who are committed to helping you grow well beyond the end of the program with connections, influence, and follow-on capital.
We operate startup accelerators in New York City, Philadelphia, Austin and Baltimore. We recruit around the world for high-potential teams and business concepts in which we invest and do everything we can to give them unfair advantages including access to people and opportunities normally out-of-reach.
We’re run by entrepreneurs for entrepreneurs. We believe the best mentorship comes from startup operators who’ve been there before and done it before. We’re engineers who appreciate technical innovation, both software and hardware, in the service of solving difficult problems. We’ve been doing this since 2008 and have learned a thing or two about helping teams rapidly find product-market fit.
We know that your venture is marathon and not a sprint. Your four months with us will go by in the blink of an eye, but we’re there for the long-term with a venture fund that makes follow-on investments in our alumni.
Elliot is a physician/engineer/hacker turned repeat tech entrepreneur and investor. He founded and leads DreamIt's healthtech accelerators and investments. He serves on the faculty of the University of Pennsylvania where he teaches engineering students how to create and run startups. He was previously the founder and CEO of HxTechnologies, a pioneer in health information exchange which he sold to Health Care Service Corporation, the parent of Blue Cross Blue Shield of IL, TX, OK, NM and MT. An NIH Fellow in the Medical Scientist Training Program, Elliot received an MD and PhD in Neuroscience from Penn Med and holds MSE and BSEE degrees in Electrical and Computer Engineering from Johns Hopkins.
Engineer by training and entrepreneur by calling, Jason lives to build. He is the cofounder of the Baltimore Foundery, an industrial-grade campus for makers and served as the Executive Director of gb.tc (the Greater Baltimore Technology Council). He was the founder and CEO of WhoGlue, a social networking company that he sold to Facebook in 2011. He's spent the past 20 years in senior management roles in a variety of Internet software and renewable technology startups. In 2005, he was appointed by Maryland's Governor to serve as the state's Entrepreneur in Residence. Prior to entering the private sector, Jason served in the United States Navy as a nuclear-qualified Surface Warfare Officer. He holds a BS in Mechanical Engineering from the U. S. Naval Academy and an MS in Business from Johns Hopkins.
Steve is a co-founder and Managing Partner at DreamIt Ventures. He was the founder and CEO of KinderTown, the education app store for parents with children 3-6 which he sold to Demme Learning in 2013. At age 23 he founded Mitos Technologies where they helped biotech companies achieve greater manufacturing efficiency. Mitos was acquired in 2007 by S&P 500 company Parker Hannifin (NYSE: PH). Steve was selected as a member of the Philadelphia Business Journal's Entrepreneur of the Year in 2008 and, in 2009, was awarded an Eisenhower Fellowship to build bridges internationally in early stage startup communities. He is the author of “We are all Born Entrepreneurs” and is an active angel investor. Steve has a Mechanical Engineering degree from Penn State.
Patrick is serial entrepreneur and angel investor. He leads DreamIt's Philadelphia programs, teaches entrepreneurship at the Wharton School of Business, and is a mentor in the school’s Venture Initiation Program. Patrick was the co-founder and president of Recyclebank which rewards people for taking everyday green actions with discounts and deals from thousands of local and national businesses. Recyclebank was listed as one of Fast Company’s World’s 50 Most Innovative Companies and was rated as the top Venture-backed Clean-tech Company by the Wall Street Journal. Patrick was also the CEO of Nanny Caddy, the vending machine for parents on the go. He received his J.D. from Fordham University and his B.A. from the University of Pennsylvania.
Mike is a founding partner at DreamIt Ventures, an active angel investor, and the co-founder and CEO of WizeHive. Earlier Mike co-founded PTS Learning Systems, focused on corporate technology education and electronic performance support tools which he grew to a $30M global organization with over 200 employees before its acquisition in 1999. Mike later co-founded, grew and sold TechWise Group, Inc., an information technology-outsourcing firm for small and medium businesses. He helped launch the Aim Academy, a school for bright children who learn differently where he currently serves on the board. A graduate from the Wharton School of the University of Pennsylvania, Mike holds a degree in economics and accounting, obtained his CPA certificate in Pennsylvania, and graduated with a JD from Villanova Law School.
David is one of the founding partners of DreamIt Ventures, serial entrepreneur and angel investor. He is the founder and chairman of Monetate, an online platform that turns eCommerce websites into agile platforms for testing, merchandising, targeting, and creating personal experience for customers. Earlier he was the founder and CEO of MarketSpan which aggregated and enhanced court docket information and which he sold to LexisNexis. In a previous life, he was a litigation partner at Wolf, Block, Schorr and Solis-Cohen, LLP. He received his JD from Georgetown University and graduated with double honors from Vassar College.
Andrew is recovering consultant turned serial entrepreneur, startup mentor and angel investor. He runs DreamIt's New York program and is a contributing writer to AlleyWatch.com, a leading destination for startup news in New York City. Andrew began his career at Booz & Co consulting on strategy and operations for Fortune 100 clients. After a brief stint at Kaplan helping transition their traditional classroom test prep services into online products, he then joined Bunk1.com as COO/Head of Product where he spent eight years building it from scratch to the leading provider of web services to the summer camp industry. After being bought out of Bunk1 in 2008, Andrew managed a family office where he was responsible for both incubating new ventures and for managing over $50M of alternative assets including hedge, private equity, and venture capital funds as well as a number of direct investments in private companies. Andrew was also the founding CEO of Layercake.com and has a keen appreciation for how hard it is to build a successful startup, even under the best of circumstances. Andrew received his MBA in Operations & Marketing from Chicago Booth (Beta Gamma Sigma) and a BA in Economics & Political Science from Johns Hopkins University (Phi Beta Kappa)
Karen Griffith Gryga leads fundraising efforts for DreamIt Fund II and follow-on investments in DreamIt alumni. She was the co-founder and vice president of Liberty Venture Partners, a Philadelphia based venture fund established in 1997 with $150M under management; FashInvest, a media and events initiative known internationally, focused on emerging growth entrepreneurs within Branded Goods, Fashion, Fashion Tech and Retail; and co-founder and CEO of Lipstick Wisdom, a community website for mothers of children with neurological differences. She was previously Fund Manager in Residence at Context Capital Partners, and Executive Directors at the Mid-Atlantic Angel Group.
Karen holds a MBA from the Wharton School of Business (with Distinction) and a Masters in Computer Science from the University of Pennsylvania. She earned her BS in computer science (Phi Beta Kappa) from the College of William and Mary.
William is an active early stage investor, enthusiastic startup advisor, and spearheads efforts to create new opportunities for talented tech entrepreneurs across the country. He runs DreamIt Access, an effort focused on the successful development and launch of high value minority-led startups. William also leads the Comcast Ventures Catalyst Fund, a $20 million early stage venture fund that invests in diverse entrepreneurs and tech startups with the potential to become industry leaders. He has been the lead or supporting investor in backing a variety of high- profile startups including: Loverly, Maker’s Row, Quad Learning, and Reactor. Prior to these roles, William founded a strategic advisory and business development company that assists media companies in attacking digital opportunities with new strategies, optimized operations, and the creation of new ventures. He previously held strategy and business development roles at leading media companies including AOL and Thomson Reuters.
A self-taught and formally trained “comp sci guy,” William’s business career spans over 15 years working with leading tech-driven companies including IBM, SAS Institute, Alcatel-Lucent, and several others. William received his MBA from Duke University. He also holds BS and MS degrees in Computer Science from North Carolina State University where he was a SAS Institute Scholar.
Erica focuses on DreamIt's strategic partnerships and relationships with the venture capital community. Outside of DreamIt she is managing partner of seed-stage investment fund Fortuna Ventures, which invests in technology-enabled early stage companies. Earlier she was Executive Director and a founder of STAR Angel Network, a membership organization for professional athletes and celebrities making investments in high growth potential, early-stage private companies. She was also the first Executive Director of Golden Seeds, a national early-stage investor group, where she managed deal sourcing and screening, due diligence, and investment processes for the group. Prior to joining Golden Seeds, Erica has held a variety of roles in the Investment Banking sector, working for firms including Cantor Fitzgerald, Citigroup and Credit Suisse. In 2009, Erica founded a beverage company that produces products for mothers focused on healthy lifestyles which was subsequently sold to a consumer and media investment group. She has also worked with a variety of early stage and start-up companies providing expertise as a consultant for equity fundraising and general capital strategy. In addition, she has been a regular on-air contributor to MSNBC’s “Your Business” and CNBC’s “Crowd Rules” as a small business expert. Erica received her MBA in finance and real estate with honors from Columbia University and a BA in Business Economics from UCLA.
Mark Wachen formerly led DreamIt’s New York program. He is an angel investor and the managing director and founder of Upstage Ventures, a firm that advises and invests in consumer Internet and interactive marketing companies and board member of Optify and OrderGroove. Mark is the founder of Optimost, the company that pioneered multivariable testing and optimization on the Internet. He served as CEO for the company up until its acquisition by Interwoven in November 2007 for $52 million. Before his entrepreneurial successes, Mark worked for seven years at Sony overseeing a variety of Internet initiatives. He was the CEO of Indimi, a company majority-owned by Sony. While there, he spearheaded the acquisitions of InfoBeat, AdTools, and DailyRating. He was Vice President of Online Ventures for Sony Music, where he directed online initiatives, including Sony Music’s investments in Spinner (acquired by AOL for $300 million), and the launch of the Sony Music Online Website in 1994. Mark has worked with and invested in a variety of other companies, including: ChaiLabs (acquired by Facebook), SeatGeek, YouNow, Thumb, GameChanger, STELLAService, RJMetrics, and CatchAFire. Mark has an MBA from Harvard Business School and graduated summa cum laude from Dartmouth College.