Silicon Valley Mobile Accelerator, Tandem, Unveils Next Batch; Incubations To Generate $100M+ In Revenue For 2012

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Merry…

TechCrunch

Tandem, the Silicon Valley accelerator that focuses exclusively on early-stage investments in mobile startups, is today revealing its fourth and final batch of 2012. The seed fund and accelerator raised its second fund back in June, $32 million, which it uses to seed its startups with $200K convertible notes in exchange for 10 percent equity.

Similar to other accelerators, like Y Combinator and TechStars, for example, Tandem works closely with its founders on everything from design to public relations, offering free work space, daily meetings and business development opportunities. Unlike others of its ilk (beyond only seeding mobile-focused companies), Tandem keeps its batches small — generally two to six teams — in the belief smaller class sizes means better returns and higher success rates and its program is open-ended, meaning that the program “officially” ends after six months but startups can stay on as long as they’d like.

The…

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