March 5, 2015 – Located directly across from Draper University on 3rd Avenue in downtown San Mateo is Hero City – a large co-working space that is home to roughly 50 startups. Membership to Hero City includes access to conference rooms, meeting space, kitchen and lounge area, mentors, and exclusive events. In addition to the co-working space on the main floor, the bitcoin accelerator Boost VC is located downstairs, along with a large auditorium that is used to host events and conferences. The upstairs floor holds offices for Draper VC funds and desk space for angel investors, dubbed “Angel Landing.”
Hero City and Draper University are both part of VC Tim Draper’s larger Draper Ecosystem where all the pieces – entrepreneurs, startups, angel investors, and VCs – come together as one:
“VCx brings in billionaires (mostly from abroad) who have cash and want to diversify into tech, so they supply the capital. Draper University brings in the talent. Hero City supplies a workspace for the fledgling companies. The executive education program fosters connections with companies that can become valuable partners for the startups. The VCs upstairs invest the capital in the most promising of those companies. And when they grow big enough, these companies migrate to nearby office spaces.”
Read the entire Venture Beat article by Dylan Tweney on Hero City here.
The post Welcome to Hero City, land of opportunity — and heroic levels of hype appeared first on Draper University.