Home

Grand Central Tech

As Seen In:
venturebeat
wsj
Tech Cocktail NYC
Fast Company
Crains New York

2014 GCT Class


We’re thrilled to announce this year’s GCT class!

augmate_gct

vixxenn

About


Transforming promising companies into extraordinary ones

GCT is a community of startups and strategic partners that breaks from the traditional accelerator model by providing an unparalleled value proposition.

zeroicons

Accepted companies will receive FREE office space for a YEAR (beginning in June of 2014) with ZERO equity fee to participate. To support these companies, we have assembled an incredible group of Strategic Advisors, Mentors, Corporate Sponsors, Growth Partners, and Educational Institutions.

Put these pieces together, and our model looks something like this:

startups

Qualified Startups

(Take this)

Best of breed startups focused on transforming their given industries; savvy enough to want to preserve their equity and initial capital.
space

Free Space & Resources

(Add this)

  • 15,000 sq. ft. directly overlooking Grand Central Terminal
  • Fully wired with high-speed internet
  • A variety of room formats for any type of meeting
  • Comfortable, modern interior design
  • Discounted rates on legal, accounting, banking, web-hosting, HR and payments services, and PR work from leading companies.
  • Perks such as discounted gym memberships and entertainment offerings
advisory

Advisory Support & Networking

(And this)

  • An experienced and connected Strategic Advisory Board
  • Mentor Companies that have been there before
  • A broader network of interested VC’s and Angels
  • Corporate Partners who are giants in their industries
  • Access to some amazing schools (not to mention their alumni and parent networks)
  • And a community of premier startups
engine

Enduring Engine for Value Creation & Growth

(Get this)

Find the best companies, give them the best resources with the best terms, and involve all the constituencies affected by the emerging tech economy in a mutually beneficial fashion and you can build a platform for growth and value creation enmeshed in the very fabric of New York City, as opposed to a mechanism for investment that stands apart.

Interested so far? Sign up for our mailing list and keep up to speed on key developments as they happen – application dates, big events, new corporate partnerships, etc. (no spam, we promise).

Space


avatar

15,000 sq ft overlooking Grand Central Terminal

That’s our soon to be home above. It’s an unparalleled wide open space that overlooks Grand Central Terminal and previously housed Facebook’s NYC headquarters. It’s being furnished by a top local design firm and will be ready soon.

Partners


hands

Grand Central Tech has assembled a truly innovative group of partners to ensure our companies receive the best advice from the broadest and richest range of inputs. We have gathered an experienced and connected Strategic Advisory Board, selected Mentors and Mentor Companies that have been there before, identified a broader network of interested VC’s and Angels, reached out to Corporate Sponsors and Growth Partners, and gained access to some of New York’s most amazing schools (not to mention their alumni and parent networks who represent an incredibly diverse range of practitioner level experience). Last but not least is the community of premier startups that will be surrounding you.

strategic

Strategic Advisors

We’ve carefully assembled an exciting group of Strategic Advisors that are instrumental in selecting participating startups, providing guidance, and generally shaping our program. Our advisors come from a wide array of professional backgrounds, but all have a wealth of experience and deep connections throughout the technology landscape. An initial (though still growing) list is as follows:

Joe-Lonsdale

JOE LONSDALE

formation 8
Joe is a Partner at Formation 8, a fund which invests in top startups and connects them with Asian conglomerates to drive innovation at a global scale. Joe co-founded Palantir Technologies, a multi-billion dollar software company which develops mission-critical analysis systems used by government and financial organizations around the world. He is also the founder of Addepar, a leader in private wealth management technology.
Michael-Milstein

MICHAEL MILSTEIN

Boylan Bottling
Michael M. Milstein is the CEO of Boylan Bottling Co, an artisanal beverage company, and Co-Founder and Chairman of Grand Central Tech. He is also a partner at New York Private Bank & Trust and a partner at Milstein Properties and is on the boards of The Nicklaus Companies and Ostendo Technologies. Philanthropically, Michael serves on a number of boards including the Milstein Medical Asian American Partnership Foundation.
Harry-LeFrak

HARRISON LEFRAK

LeFrak
Harrison is a Vice Chairman of LeFrak, a privately owned firm engaged in the ownership, management, and development of real property, the exploration of energy, and investments in securities. Over the past decade, he has helmed LeFrak’s growing activities in the technology investments space and established himself as one of New York’s leading technology thinkers.
Justin-Rockefeller

JUSTIN ROCKEFELLER

Addepar
Justin Rockefeller runs Special Relations at Addepar, a company reinventing the tools to aggregate and analyze financial data. In March 2013, Justin cofounded The ImPact, a nonprofit/NGO membership organization comprised of investors who pledge to make impact investments, track their social impact and financial progress, and share those data with others who have made The Pact. He is also a Venture Partner at Richmond Global, a global venture capital firm.
Steven Hodas

STEVEN HODAS

Innovate NYC Schools
Following a string of successes as an edtech entrepreneur, including building the US Government’s first public website while working at NASA, Steven has spent the past 5 years working closely with early-stage entrepreneurs, launched two companies of his own and recently joined the NYC DOE to head its Ecosystem Initiative, which seeks to foster smart demand for innovative solutions to the most pressing problems in the nation’s largest school district.
Andrew Yang

ANDREW YANG

Venture for America
Andrew Yang is the author of Smart People Should Build Things and the Founder and CEO of Venture for America. Previously, Andrew was CEO and President of Manhattan GMAT, acquired by the Washington Post/Kaplan in 2009. He was named a Champion of Change by the White House in 2011 for his work with Venture for America and one of Fast Company’s “100 Most Creative People in Business” for 2012 & 2013. He is a graduate of Columbia Law and Brown University.
Arthur Minson

ARTHUR MINSON

CFO Time Warner Cable
Arthur (Artie) Minson is EVP and CFO of Time Warner Cable. Prior to joining TWC, Mr. Minson oversaw AOL’s successful spinoff from Time Warner Inc., and held a number of senior management positions including Vice Chairman, Chief Operating Officer, President of AOL Services and Chief Financial and Administrative Officer. Artie graduated cum laude from Georgetown University with a BSBA in Accounting and he holds an MBA with a concentration in Finance from Columbia Business School.
Faiza S. Issa

FAIZA S. ISSA

Director of Cross-Sector Entrepreneurship Initiatives at NYCEDC

Faiza S. Issa is Director of Cross-Sector Entrepreneurship Initiatives at the New York City Economic Development Corporation. Her work includes designing and implementing initiatives that strengthen the NYC entrepreneurship ecosystem. Prior to joining NYCEDC, Faiza worked at the Council on Foreign Relations and at Goldman Sachs. She is a graduate of Yale University and NYU Law.
Miles Spencer

MILES SPENCER

Chairman, CSO
For over twenty years, Miles has distinguished himself as a creator of ideas, a builder of businesses, and a leader of organizations. Capital events following his efforts have realized over a billion dollars of value for shareholders, including notable successes in digital media like Register.com, Operative, Bell Family, Cellufun, Mojiva, Mocean mobile, AppTaris and TrustCloud. Miles is a rookie dad, with two kids under two years old.
sponsors

Founding Corporate Partners

The Founding Corporate Partners we’ve signed up are all giants in their respective industries. We will be announcing these partners in the coming weeks. Keep checking back or sign up for updates.

tba_mega
growth

Growth Partners

Starting a company isn’t easy. And while some tasks are more vital than others, every company needs to be buttoned up when it comes to their foundational documents and term sheets, their tax and accounting policies, and their strategy for making themselves known to the world. The best way to cover these bases is by working with the pros. So we’ve assembled some of the best in the game:

Cornell tech

Programming Partner

constantine cannon

Legal

m booth

Strategic Communications

schools

Member Schools

Finally, we’re partnering with a range of New York City high schools. On the one hand are some of New York City’s older, more established private high schools with alumni networks that touch every industry in New York City. These alumni will be invited to engage with the participating startups, sharing their knowledge as practitioners in the field, extending their connections where applicable, and serving as advisers where appropriate. On the other hand, we are working with some of New York City’s most innovative public high schools, benefiting from the incredibly talented young people their impressive tech curriculums are developing. Each of the schools, public and private, will be able to contribute current students and/or recent graduates to work as interns with the participating startups during the summer weeks.

Startups


startups

We’re looking for companies that span the entire startup spectrum: from those that can’t spare their initial cash for a desk in a coworking space, to those that may already have some investment and revenue but can’t afford to dispense of more equity. We believe there’s a ton of potential to be unlocked by mixing companies of varying levels of maturity. And we’re looking for individuals within those companies interested in building and being a part of an enduring community that values things like mentorship and camaraderie alongside value creation and growth.

As for the focus of the program itself, we prefer to think of “tech” as “tech-facilitated entrepreneurship”. We’re as interested in the next big data platform as we are in the next great hearing aid. We want the best companies working to solve big, hard problems and unlock real value.

Maybe you’ve got a little revenue coming in the door, but could use some help to get over the hump. Maybe all you’ve got is an MVP and a strong business plan. If you think you’re after something big, we want to hear from you.

Tell us what you’re building, and let’s see if we can work together.

Apply Here

 

Team


Matt-Harrigan

MATT HARRIGAN

Managing Director

Matt is Managing Director and co-founder of Grand Central Tech. Matt started his career in international development at Booz Allen before transitioning to innovation strategy consulting at Fahrenheit 212. From there, he became a Product Manager at ESPN working across the full range of their mobile products, most notably overseeing their College Football App, Webby-nominated for Best Sports App in 2013. He is also the founder of Barebands a watch and apparel business launching this spring.

Matt is a New York native, and currently a resident of Brooklyn. A graduate of Rice University, he and Charlie are both graduates of Regis High School.

Follow him on Twitter at @mbharrigan.

Charlie-Bonello

CHARLIE BONELLO

Managing Director

Charlie is Managing Director and co-founder of Grand Central Tech. In addition to his role at GCT, Charles runs the Venture Debt practice at Three Point Capital. Prior to GCT, he co-founded River Twice Capital, a global hedge fund started in 2010, where he was an analyst and Portfolio Manager. He began his career at Fred Alger Management as a Research Associate, where he covered the consumer sector.

Charlie is a Brooklyn native and lives with his fiancee, The Boss, in downtown Manhattan. A graduate of Tufts University, he and Matt are both graduates of Regis High School.

Follow him on Twitter at @cvbonello.

Interested in helping us build Grand Central Tech? and let us know why and how you would like to get involved.

FAQ


Nope. Believe it. Our only ask is that startups that graduate from the accelerator program utilize office space elsewhere in the building. We truly are committed to building and retaining a community of startups, and feel that doing so will return tremendous value to all the companies that are part of it. Our expectation is that companies do so for a period of at least 4 years beyond the initial year. To accommodate this request, we are creating a co-working space in the building that will feature a variety of footprints to suit any type or size of company. Of course, if a company wanted to take its own space outright they could do that as well at competitive rates. (NB: If the nature of a company’s business requires that they be located elsewhere, we will consider discarding this condition.) Additionally, if and when your company does go to raise money, the investors behind Grand Central Tech expect to be notified and have the ability to participate in funding rounds. We want you to let us know when you are raising capital so that we can help you in any way possible. You’ll also have a direct line to our backers, who, if they invest, will make sure to avoid signaling the market by not being the first to jump in. While we don’t believe in taking your equity upfront, we do believe in helping our companies raise capital and sharing in their success.
Because you will get access to absolute best-in-class resources at the best possible rates: FREE. Our community of mentors and advisers, the resources we’ve assembled, and the companies/potential customers and investors we will expose you to will give your company the very best chance possible at success. And, once your time in the Accelerator is completed, we have ensured you will retain connectivity to an enduring, supportive community focused on value creation and building the foundations for tech growth in New York City. Nothing like Grand Central Tech exists yet. Help us build it.
Yes.
You should apply as soon as your materials are ready. All applications are due by 12:00am May 1.
hello@grandcentraltech.com