Ready to Scale: Botco.ai Graduates from Alchemist Accelerator Class XXV
November 4, 2020
The Alchemist Accelerator is a forward-thinking program, built exclusively for startups serving enterprises. This program brings passionate groups together and elevates the abilities of enterprise seed ventures, focusing on customer development, direct and online sales, market validation, and structured fundraising paths. Thanks to their sought-after advisor faculty, guest lecturers, venture capitalists, and Fortune 100 customers, Alchemist Accelerator will be an ongoing resource for its members. The program culminates on its highly anticipated Demo Day showcase, covered by TechCrunch.
Educating for Smarter Startups
Botco.ai was pleased to join the Alchemist Accelerator program in 2020, after receiving a nomination and recommendation from TiE Angels, one of the largest and most active angel groups in Silicon Valley, and Bite Size, an Alchemist Accelerator alumni participant. As a member, Botco.ai CEO and co-founder Rebecca Clyde took part in a six-month intensive program with 25 other hand-selected founders. Each week, the executives met for a diverse series of workshops and mentorships. They worked intensively to prepare for the Demo Day presentation, where each startup presents to several hundred investors, potential corporate companies, and venture arm investments. For Botco.ai, this program gave quick exposure of the product to the tech investor community and key decision-makers.
A Lifelong Network
But, Botco.ai didn’t walk away just with a successful presentation at Demo Day. Alchemist Accelerator provided the company with a lifelong collaborative network, free of the typical competitive angst. Cohesion, support, and feedback led many of the weekly discussions in peer groups to create a larger networking community for all participants. Botco.ai has walked away from Demo Day as an accelerator themselves, this time for its customers.
“In many cases, the healthcare industry lacks an on-demand experience.” says Rebecca Clyde, Botco.ai co-founder, and CEO, “Our HIPAA-compliant, easy-to-implement, solution is built especially for the digital healthcare consumer. Using Botco.ai, our customers instantly answer questions and provide instantaneous answers, leading to more satisfied consumers (and providers with higher reimbursement rates). Ultimately, Botco.ai is not only a product. There’s an entire network of successful healthcare companies employing it.”
As of 2019, more than 300 companies have completed Alchemist Accelerator Demo Day. Of these, 125 companies have received an institutional investment or a significant seed (a raise of $1 million or more), with $750M has been raised in total capital. To learn more about the program, visit their website. This year 19 companies presented at the Alchemist Accelerator Demo Day XXV, including Botco.ai. Check out this Tech Crunch article for the full list.