Business
Digital Arts Media Network Inc. Expands Capital Acceleration Initiative for Startups
Digital Arts Media Network Inc. Expands Capital Acceleration Initiative for Startups.
About this update from Digital Asset Monetary Network, Inc.
[{"type":"text","content":"\n\n NEW YORK, Nov. 08, 2017 (GLOBE NEWSWIRE) -- Digital Arts Media Network, Inc. (OTCMKTS:DATI), a specialized tech accelerator leveraging the Public Accelerator-Incubator (PAI) model, announced the Company is expanding its capital acceleration programs for those startups leveraging blockchain technology and cryptocurrency platforms.\n “Our first Angels+ startup company is accelerating its funding through a proper ICO financing,” stated Ajene Watson, Chairman and CEO of Digital Arts Media Network, Inc.  “We intend to duplicate this model with each qualifying startup or development stage company joining our accelerated programs.” Digital Arts Media Network, Inc. is working with its board advisor Robert Menendez, who is also the CFO and co-founder of Vezt, Inc.; along with a team of specialized cryptocurrency investors and industry consultants, to develop initiatives that help startups navigate the ICO process (pre-, during, and post).  Concurrent with the Company’s Angels+ accelerator program, the focus of the initiative is to create a primary environment that offers angel and early-stage private investors faster access to liquidity.  This type of environment [early liquidity] certainly “engenders lots of investment interest and hastens capital formation [we’ve found],” continued Watson. “The speed at which our first Angels+ startup was able to raise money privately (pre-ICO) vs. the time it could have taken following the traditional fundraising model, was incredibly fast.  We will replicate this – with improvements – to assist our accelerated startups with their overall development objectives.” ABOUT Digital Arts Media Network, Inc. Digital Arts Media Network, Inc. (OTCMKTS:DATI) is the first company to utilize the Public Accelerator-Incubator (PAI) model, with the intent to follow the global success of accelerators and incubators around the world, adding niche opportunities to both the microcap and startup communities.  As a PAI, Digital Arts Media Network will assist with the development and acquisition of innovations that solve problems through digital platforms and other electronic applications. Digital Arts Media Network aligns with leading private accelerators, incubators and reputable angel investors to form unique partnershi...