DREAMIT VENTURES NYC ANNOUNCES ADVISORY BOARD OF VENTURE CAPITALISTS AND OTHER SOURCES OF EARLY-STAGE CAPITAL

All-Star Roster From Leading Firms To Provide Support And Mentorship to Companies Selected for DreamIt NYC Program

New York, NY (March 10, 2011) -- DreamIt Ventures (www.dreamitventures.com), one of the world's premiere accelerator programs, today announced its roster of leading venture capitalists and other financing experts who will support its inaugural program in New York City this summer. The advisory board members will be available to provide expert advice and mentorship to the companies selected to participate in DreamIt NYC.

The team includes representatives from many of the leading sources of early-stage capital in the Northeast. Combined, they have invested in or evaluated virtually every significant Internet fundraising in New York over the past decade.

The members of the advisory board include:

Jeffrey Glass, Bain Capital Ventures
Neeraj Agrawal, Battery Ventures
Satya Patel, Battery Ventures
Matt Turck, Bloomberg Ventures
Sarah Tavel, Bessemer Venture Partners
Matt Gorin, Contour Ventures
Jason Green, Emergence Capital Partners
Rick Heitzmann, Firstmark Capital
Phineas Barnes, First Round Capital
Charlie O'Donnell, First Round Capital
David Frankel, Founder Collective
Ian Sigalow, Greycroft Partners
David Teten, Founder, HBS Angels of New York
Alexander Taussig, Highland Capital Partners
Chip Meakem, Kodiak Ventures
Nick Beim, Matrix Partners
Mark Michel, Metamorphic Ventures
Andrew Jenks, Stage One Capital
Richard Lavin, Founder, Tiger21
Joshua Kushner, Thrive Capital
Andrew Cleland, Time Warner Ventures
Melanie Koh, Time Warner Ventures
Jay Levy, Zelkova Ventures

The advisory team of venture capitalists and other sources of early stage capital complements the broad array of advisors that DreamIt has assembled from the operations side. These include an impressive roster of seasoned entrepreneurs who have had successful exits, as well as a team of the most innovative CEO/Founders from the leading emerging technology companies in New York. For a complete list of advisors for the DreamIt NYC program, please visit: http://www.dreamitventures.com/team/mentors.php.

"We're thrilled to have such an all-star roster of early-stage capital professionals who have offered their support for the inaugural DreamIt NYC program, " said Mark Wachen, Managing Director of DreamIt New York. "The amount of experience that these professionals bring is truly amazing. The value they can provide by imparting their wisdom onto the companies in our program is immeasurable."

DreamIt New York will run during the summer of 2011. Applications are now open for the summer session and DreamIt expects to accept between 10 and 15 companies. Five of those companies will come from the digital education space as part of collaboration with Startl. The application deadline is March 16, 2011.

For more information visit: www.dreamitventures.com.

About DreamIt Ventures
Our goal at DreamIt is simple: Help great people build great companies.

DreamIt is designed to catapult early stage ventures forward by providing startups all the resources they need to succeed in a compressed period of time. Companies accepted into the program often have little more than an idea. DreamIt provides a small stipend, dedicated mentors with domain expertise, and communal office space where entrepreneurs are surrounded by other entrepreneurs building their businesses. The program culminates on Demo Day when the companies present their businesses to investors, strategic partners, professionals and other entrepreneurs. In less than 3 years DreamIt has launched 36 companies including, SeatGeek, Postling, SCVNGR, Notehall, Parse.ly, TidalLabs, Easel, MindSnacks, Adaptly, and more.