Stubbs Alderton & Markiles, a Sherman-Oaks law firm, plans to expand its early-stage business accelerator program.
The Preccelerator, located in Santa Monica, will now accommodate a larger group of technology and digital media companies, offer additional benefits and increase investments in graduating companies and other endeavors.
Also, Peter Csathy, chairman of digital media consulting and business development firm Creatv Media, has been added to the Preccelerator’s board of directors to oversee investment strategy.
“By partnering with Peter, we will grow the firm’s industry leading Preccelerator into a full-service platform that not only mentors young companies, but also provides smart venture capital and paths to strategic business development and consulting via Creatv Media,” Scott Alderton, chairman of the Preccelerator and managing partner at Stubbs Alderton, said in a statement.
Thus far, the Preccelerator program has graduated 22 companies in total with the majority of those businesses going on to formal accelerator programs and incubators or meeting their seed funding goals.