- July, 2007
- Tandem is Silicon Valley's mobile acceleration fund. It backs 24 startups per year with funding and collaboration through a 6 month program.
- Doug Renert, Sunil Bhargava
- Venture Capital, Hardware + Software, Mobile
Tandem is Silicon Valley's mobile acceleration fund. Over the course of its 6 month program, Tandem provides funding and works hands-on with portfolio companies to help them find product market fit.
Tandem invests in the mobile sector with a focus on mobile technology, social media, and hardware/mobile devices. Tandem invests $200K in exchange for a convertible note and and 10% of the common equity. It also has the ability to invest significant additional capital throughout the life of its investments.
The Tandem team does not consider itself a VC firm. They refer to three primary types of capital that are required to make a startup successful: Financial Capital (money), Human Capital (sweat) and Social Capital (friends). Tandem explains that VCs bring mainly financial capital, some social capital and limited sweat, while Tandem brings value in the reverse order: sweat, friends and money (much more like entrepreneurs).
Tandem supports businesses that can be built with relatively few resources (5 people or less) and reach market traction in relatively little time. It was founded in June 2007 and is based in Burlingame, California with additional advisors around the world.
Current Team (5)Update
Past Team (4)Update
1450 Chapin Avenue
1214 Donnelly Avenue
Burlingame, CA 94010
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