Press Release (ePRNews.com) - LOS ANGELES - Jan 14, 2020 - The Preccelerator® Program, a Santa Monica, California-based early-stage startup accelerator focused on technology and digital media startup companies, announced today that it has hired Len Lanzi, former Executive Director of the Los Angeles Venture Association, as its new Managing Director. The addition of Mr. Lanzi to the Preccelerator team will broaden the network and continue to strengthen its resources and commitment to the Southern California tech community that it has become well known for.
Len said the following in connection with his new opportunity, “I am looking forward to this new challenge as the Managing Director of the Stubbs Alderton and Markiles’ Preccelerator® Program. My world got smaller and bigger at the same time. I will be focusing on specific startups that are part of the Preccelerator® and my contacts and friends remain as relevant or more so in this new role.”
In 2018, Stubbs Alderton & Markiles expanded the Preccelerator office into a new space located at 1316 3rd Street Promenade, which both increased the co-working space for the in-house companies and increased event space. That same year, the Preccelerator and Stubbs Alderton & Markiles, LLP announced a change in the program, adding an investment of $50,000 into Preccelerator cohort companies. In 2012 Stubbs Alderton & Markiles launched the first-of-its-kind Preccelerator® Program to provide select start-ups with co-working space, mentorship, sophisticated legal services, curriculum and access to a strategic perks portfolio with the objective of helping grow a founder’s idea from business concept to a funded company. Over the past seven years, 46 diverse companies have graduated the Program, and most have received funding, with over $16M invested in Preccelerator companies in the aggregate.
Scott Alderton, Managing Partner of Stubbs Alderton & Markiles and Chairman of the Preccelerator commented, “I have known Len for nearly 15 years, and worked alongside him on the Board of LAVA as he transformed that organization into the significant force within the technology ecosystem that it is today. The Preccelerator has reached an inflection point where it is now much more than a project of the law firm, it is a business of its own, and a meaningful contributor to the Southern California tech community. When we decided to hire a dedicated leader for the Preccelerator, I couldn’t think of any greater candidate than Len. He was our first and only choice for the job, and we are thrilled to be working with him.”
About Stubbs Alderton & Markiles, LLP
Stubbs Alderton & Markiles, LLP is a Southern California-based business law firm with robust corporate, public securities, mergers and acquisitions, entertainment, intellectual property and business litigation practice groups focusing on the representation of, among others, venture-backed emerging growth companies, middle-market public companies, large technology companies, entertainment and digital media companies, investors, venture capital funds, investment bankers and underwriters.
The firm’s clients represent a broad range of industries with a concentration in the technology, entertainment, videogame, apparel and medical device sectors. The firm’s mission is to provide technically excellent legal services in a consistent, highly-responsive and service-oriented manner with an entrepreneurial and practical business perspective. These principles are the hallmarks of the firm. For more information, visit http://stubbsalderton.com.
About the Preccelerator® Program
The Preccelerator® is a novel platform offered to select start-up companies out of the Stubbs Alderton & Markiles, LLP Santa Monica office that provides interim office space, sophisticated legal services, education, networking, mentorship and $500,000 in usable perks from Google Cloud for Startups, Amazon Web Services, and HubSpot among others, with the objective of helping grow a founder’s idea from business concept to funded startup. The program also retains more than 100 active strategic mentors providing free office hours and discounted services, and provides over 75-plus educational workshops and networking events each year. The Program expanded in 2017 to accept a greater number of companies in more formalized classes, depending upon where the companies are in their evolutionary growth, and expanded benefits to accepted companies. To apply to the Preccelerator, visit www.preccelerator.com/application.
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