Exploring the treacherous waters of entrepreneurship can be frightening, but who said you had to go
Let Blue Startups be your guide.
Do you have a million-dollar idea? If so, we'd like to invest in it.
Blue Startups is a new Honolulu-based venture accelerator founded by Henk
Rogers. Blue Startups invests and provides hands-on mentorship to capital-efficient and
companies, including Internet, software, mobile, gaming and e-commerce. All companies entering the Blue
Startups program will receive $20,000 as an upfront investment.
We surround you with a network of more than 60 mentors and experts to help you navigate and stay
Blue Startups has a network of more than 60 mentors reaching from China
and Japan to Silicon Valley. Our premise is that people make innovation happen, that growth follows
effective execution, and that sustained success will require access to global resources.
Blue Startups has a group of committed lead mentors that will provide hands-on intense training and advice to
participating companies as well as to the accelerator itself. Lead mentors are expected to commit at least 5
hours per month of
time to the accelerator. Blue Startups lead mentors include:
Faruq Ahmad: a Silicon Valley veteran for 20+ years, founder of a successful
venture backed company, which went public (Mobinetix, NETX), a VC (Mingly Capital), and an LP (C.M.
Tina Fitch: co-founded and led Switchfly, the leading technology platform for the
travel commerce, loyalty, and financial services industries, generating over $750 million annually for its
Dan Freedman: co-founded Jasomi Networks, which sold to Ditech Communications (now Ditech Networks)
in 2005. He then co-founded Launchworks, a high tech venture capital investment firm in Canada.
Steve Markowitz: co-founded and led MyPoints through "hypergrowth" from zero to 16MM consumer members
and annual revenues of $64MM. Led $46MM IPO and $211MM secondary offering.
Henk Rogers: Dutch-born computer game designer and entrepreneur, best
known for revolutionizing the video game industry by bringing Tetris to the United States and world market.
Bill Spencer: leader of the Hawaii Venture Capital Association since 1999 and co-founder of the
aquaculture venture, Hawaii Oceanic Technology, Inc.
Shan Steinmark: founder of Strategic Transitions Research, a consulting firm serving Fortune 500
companies. Steinmark has been an active angel investor in Hawaii for nearly ten years.
$100,000 More in Other Great Perks
As prospective member of the Global
Accelerator Network, Blue Startups can immediately begin to leverage GAN resources. Blue Startups is using the
GAN methodology, used by six of the top ten accelerators in 2011. As a member of GAN, each cohort company can
receive nearly $100,000 in free perks offered by over 25 of the best vendors in the world. For example, some of
these perks include:
$60,000 in Microsoft Azure Credits
$12,000 in SoftLayer Hosting Services
$10,000 in PayPal Transaction Credits
$6,000 in Rackspace Hosting Credits
$5,000 in Public Relations Support from the Metzger PR Firm
$3,000 in Human Resources Support from Premier Employer Services
$1,000 in Amazon Web Services Credits
Workspace for the founding team (up to three people) will also be
provided at the Blue Startups offices. In exchange for the capital and in-kind services
provided, Blue Startups will take an equity stake in each company.