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 15 days ago

Microsoft’s VC arm invests in Seattle program that helps corporate workers launch tech startups

Quick Summary

That’s the mantra at Venture Out, a Seattle-based 12-week program that aims to help tech workers leave big companies and create their own startups. Its first cohort featured eight companies; founders worked for Seattle-area companies including Microsoft, Payscale, T-Mobile, Expedia, and others. Sternbach said Venture Out’s ties to Microsoft alumni and alumni of other tech companies helps give the program a strong base of angel investors for its cohort participants. Venture Out is reducing the number of accepted startups for its second cohort and extending the program by two additional weeks. The COVID-19 crisis has forced programming to go virtual, but Sternbach said the transition hasn’t affected the continuity of the program.

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