“The business environment is ripe for this unique combination of great real estate, venture capital, and entrepreneurial expertise for start-ups,” said Transmedia Capital founding partner Chris Redlitz.
San Francisco, CA (PRWEB) June 8, 2010
KickLabs, a technology start-up incubator, officially opened its doors today. The 23,000 square feet of open space at 250 Brannan, in the heart of South Beach, provides a collaborative and supportive work environment exclusively for promising young technology companies.
KickLabs is a partnership between an affiliate of Broe Real Estate Group of Denver and San Francisco based Transmedia Capital. “The business environment is ripe for this unique combination of great real estate, venture capital, and entrepreneurial expertise for start-ups and we are excited about our partnership with The Broe Group”, said Transmedia Capital founding partner Chris Redlitz.“The response from advisers, investors, and entrepreneurs in the community has already exceeded our expectations.”
Earlier this month, KickLabs began selectively signing-on 2-6 person early-stage tech start-ups to locate in the newly built-out facility. In exchange for 6 to 12-month lease terms and value added services, companies will provide equity/stock in their companies. Turnkey office space is only one of the benefits companies receive. Start-ups have access to an extensive network of advisers, accomplished entrepreneurs and early stage investors, who can provide valuable input, feedback, and potential investment capital. "KickLabs is a beautiful space. I can imagine what it will be like when it's full of brilliant entrepreneurs working on amazing projects. It will be a lot of fun, and I look forward to being involved," said Philip Kaplan, KickLabs adviser, serial entrepreneur, and Co-Founder of Blippy.
Transmedia Capital and an affiliate of Broe Real Estate Group, both with offices on-site, have formed a seed fund for investment in selected companies who work in the space. Mark Schultz, EVP and CFO of Broe Real Estate Group said, “The KickLabs venture represents an exciting new concept in real estate, bringing innovative technology entrepreneurs to our space who are building the leading companies of tomorrow”.
KickLabs expects to nurture up to 20 start-ups this year. A handful of companies are already scheduled to move in including Encoding.com, Gamecrush, KickTag, Livefyre, Metricly, MyLikes, Ecofabulous and SeeJaneFly. Jordan Krechtmer, CEO of Livefyre said, “Being around other start ups who we can grow with is really important. The moment we walked into KickLabs we could feel the energy of the space.”
KickLabs is a partnership between an affiliate of Broe Real Estate Group of Denver and San Francisco based Transmedia Capital. The affiliate of the Broe Real Estate Group, owner of the historical building where KickLabs is anchored, is a multi-billion dollar investment management company that operates various business platforms in the real-estate, energy and transportation sectors. Transmedia Capital is a seed-stage venture capital fund focused on innovative technology companies.
KickLabs is located at 250 Brannan in the heart of South Beach, San Francisco. The space also doubles as a prime location for industry and community events. More info at: http://www.kicklabs.com, on Twitter: twitter.com/kicklabssf
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