A non-profit co-working and venture accelerator in downtown San Jose
Co-working is an emerging trend for a new pattern for working. Typically, work-at-home professionals or independent contractors or people who travel frequently end up working in relative isolation. Co-working is the social gathering of a group of people, who are still working independently, but who share values and who are interested in the synergy that can happen from working with talented people in the same space.
Some co-working spaces were developed by nomadic internet entrepreneurs seeking an alternative to working in coffee shops and cafes, or isolation in home offices.
Business accelerators, business incubators and executive suites do not seem to fit into the co-working model, because they often miss the social, collaborative and informal aspects of the process, with management practices closer to that of a cooperative, including a focus on community rather than profit. Many of the co-working participants are also participants in Bar Camp and other related Open Source technology activities groups.
Semantic Seed was established in 2008 by the founders of Urban Technology Ventures and Breakthrough Ventures who at the time saw an opportunity to aid first time entrepreneurs struggling to find funding from angel investors and venture capitalist to hatch ideas. Semantic Seed is a special kind of venture capital firm and idea accelerator that cares more about funding "Good People" than your resume credentials and your business plan.
The Labs mission is to become a catalyst for early stage companies to graduate into venture capital ready companies. Start-ups and entrepreneurs can capitalize on the experience, skills and networks that Semantic Seed can provide to streamline development and accelerate commercialization of ideas.