This Seattle-based VC firm raised $11 million for its plan to convince Amazon and Microsoft employees to take the plunge into entrepreneurship

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The Madrona Venture Group-backed startup studio wants to help would-be founders solve all the headaches that keep people from becoming entrepreneurs.

are ready to strike it big on their own with its latest $11 million fund. The fund will go towards building 8 to 12 companies over the next year.

This program operates under a slightly different model than accelerators like the famed Y Combinator. Where other programs accept applications, choose a select few startups, and provide early funding and rigorous mentorship, Madrona Venture Labs enters the equation right at the beginning.

 

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