Dubbed the Fullstack Fund, this investment fund is modeled after the Y Cominator Fellowship Program, which similarly helps graduate startups to evolve in the market through mentorship and funding. Fullstack Academy plans to provide $20K in seed capital, a co-working space on its New York City campus, and mentorship in areas like product design and growth hacking. Much like the Fellowship Program at Y Combinator, startups can expect to spend 8 weeks in the program at the NYC Fullstack Academy campus. The goal of the program will be to secure a second round of funding through angel funding rounds, bootstrapping methodology, and acceptance into a top-tier accelerator. As is standard in most agreements like this, Fullstack Fund will take 1.5 percent equity in a convertible note. This is a good thing. While the exclusivity of this action may seem a bit unsettling, the benefits of the top ranked coding bootcamp providing funding to graduate startups seems fairly obvious. Not only will investors enjoy an automatic culture fit, they will also be familiar with the way business gets done. Plus, having a few friends in high places can go a long way in getting a budding startup off the ground.
