Philosopher's Stone Ventures Partners with Epoch in
WebAccelerator
Program
April 10, 2001, Redondo Beach, CA - Philosopher's Stone
Ventures recently entered into a partnership with Epoch
Internet as part of its WebAccelerator Program.
According the Epoch Internet, the program "provides
qualified companies with end-to-end e-business technology
infrastructure for six months, and helps accelerate early
stage development and has the goals of enabling start-ups
to prove their concept, raise capital and get to market
quickly."
"Partnering with Epoch will really add to what we
- as an incubator - offer our portfolio companies and clients,"
noted Jenny M. Sakhrani, CFO of Philosopher's Stone Ventures.
"We can get our companies up and running strategically,
and then make sure that they have the infrastructure resources
they need to be viable in the marketplace."
The benefits of the program include hardware, software
and web hosting on Windows and Linux operating systems,
as well as connections into the funding community.
Epoch and IBM announced the WebAccelerator program in
April 2000 and selected the first round of qualifying companies
in May. To start in the program, each company attends a
two-day seminar that focuses on business and technology
education, as well as developing key industry relationships
with recognized legal, accounting and technology firms.
The program's business development partners include Silicon
Valley Bank, O'Melveny & Meyers LLP, Deloitte &
Touche and several venture capital and business consulting
firms.
For additional information, contact:
Brenda Harris
Philosopher's Stone Ventures
Telephone: (310) 316-3100
Fax: (310) 316-9500
media@philstone.com
http://www.philstone.com
The Philosopher's Stone is a mythical substance that can
transform lead into gold, and produce the Elixir of Life
that makes the drinker immortal. Philosopher's Stone Ventures,
as a technology incubator, has similar transformative powers:
turning the innovative ideas of our entrepreneurs into successful,
groundbreaking, money-making businesses.
