Sequoia Holdings, Inc., a leading provider of software development solutions to the U.S. Intelligence Community, is teaming up with Washington DC area private equity and venture capital firms to launch an accelerator focusing on new cyber security and analytic startups. Based in Reston, VA, Sequoia Apps, LLC will concentrate on helping local entrepreneurs create and launch successful startups and connect them to DC area venture capital, private equity and angel investors for additional funding opportunities.
In addition to seed funding, mentoring and coaching, Sequoia Apps is designed to help capitalize on the successful past performance and unique skill sets of all IC focused developers and engineers and help build viable and disruptive commercial applications. “Sequoia Apps is a great example of how companies can leverage the successful past performance of their employees and connect them to the intellectual and financial scene of the DC startup community,” said T. Richard Stroupe, Jr. Sequoia Holdings co-founder. “For years, our development staff has designed and built world class applications for various IC customers, and now we would like to create a new disruptive platform to invest in those engineers in order to help them achieve similar success in emerging markets”.
“Our goal is to build a dynamic and innovative platform based on the unique skillset and experience of the IC development community, “ said Adam Rand, Sequoia Holdings co-founder. “Sequoia Apps will offer a number of key strategies and lessons learned from successful entrepreneurs and private investors.”
Owned, managed and operated by the employees of Sequoia Holdings, Inc, Sequoia Apps will accept new business plans and make seed investments based on committee review and acceptance. After initial launch and success, candidates will leverage Sequoia’s unique relationships and network with DC area VC, Private Equity and Angel investors for additional mentoring and investment opportunities.
“Sequoia’s leap into the startup accelerator space demonstrates its commitment to help aspiring technical leaders of tomorrow realize their dreams.” said Chris Lee, Sequoia’s Director of Software Development. “It’s basically a Silicon Valley inside of Sequoia. Build the great software you want to build and learn from fellow entrepreneurs how to build and sustain successful businesses.”
Techie News Release