Why? Because he’s done something extremely cool with his business know-how and seriously big hometown love: he’s catalyzed a Massachusetts startup renaissance.
John, an MIT MBA, has major biz chops. He won the MIT business plan competition in school — a $100K prize! — and nabbed the Patrick J. McGovern award for impacting the visibility of entrepreneurship at MIT.
But rather than graduate and build some awesome startup, he and his co-founder decided to build MassChallenge… a one-of-a-kind accelerator to start, support and foster as many startups as possible, right in Boston.
Not coincidentally, this makes him the perfect person to talk to if you’re thinking of starting your own business.
John has literally watched hundreds of startups hatch — and grow. And grow…
In fact, the 236 startups MassChallenge supported in 2010-2011 have already raised $250 million in outside funding and created 2,150 new jobs.
MassChallenge’s model is unique. Unlike other accelerators, they take no equity from the companies they nurture and have no special industry requirements. Because they run their accelerator like a crowdsourced competition, they can nurture a record 125 startups at a time… who all get access to the $10M+ in in-kind support (from computers to software to mentorship to legal services and office space) MC offers its applicants.
They also get to compete for $1 million in cash awards. $1 million. Last year, they handed out 3 $100K prizes and 14 $50K prizes to their startups. No strings attached!
It’s no surprise, then, that Boston Business Journal hailed John as one of Boston’s 50 Most Influential Business Leaders last year… right alongside some leaders you may have heard of. You know, like the CEO of the Boston Celtics. No biggie!
This Thursday, October 18th at 3PM EST, join us on #StartupLab for an hour-long live chat with John Harthorne, presented by Citi. Bring any and all questions about startup funding, accelerators, getting an MBA, finding a co-founder, and tapping resources in your own startup community… John is an incredible resource no matter what stage your business is at!