SOURCE: River Ecosystem LLC

River Ecosystem LLC

June 08, 2017 13:00 ET

River Ecosystem Expands Leadership Team with Key Hires

Announces Dates for the Next River Accelerator Program and Founder Field Day

SAN FRANCISCO, CA--(Marketwired - Jun 8, 2017) - River Ecosystem, a consulting firm that provides services to frontier technology startups and hosts the annual River Accelerator program, today announced veteran Bay Area entrepreneur Jimmy Ku, and Techstars and River Accelerator alumnus Nick Canafax, as partners.

Ku brings over a decade of entrepreneurial experience and networking expertise to River Ecosystem. His new role at River Ecosystem draws upon his experience as a three-time founder -- Loup, Mobiley and GoPlanit, which was selected as a finalist for the TechCrunch 50 Conference -- and his passion for connecting people through immersive and insightful programs and events.

"River Ecosystem and its accelerator program have a stellar track record helping innovative companies push the boundaries of frontier technology," said Ku. "Like any early stage entrepreneur, I understand the importance of connecting with the right people to bring big ideas to life. As a new partner at River Ecosystem, my key role is to infuse fresh thinking and energy into our members business plans, and help them address the tough questions so that they're able to flourish."

Canafax has worked behind the scenes as the president of River Ecosystem since September 2016, while continuing to serve in an advisory capacity with VR company Rival Theory, where he is also a founding member. As a partner with River Ecosystem, Canafax will assume greater responsibilities interfacing directly with its class participants. Prior to joining River Ecosystem, Canafax graduated from the second River Accelerator class, and graduated from the Techstars accelerator program before that.

"As a River Accelerator alumnus, I know first-hand what the program can offer to budding frontier technology entrepreneurs, including unparalleled visibility and networking opportunities with investors and industry luminaries, and access to developmental resources during the critical first year," said Canafax. "Having worked with dozens of inspiring founders and entreprenuers, River Ecosystem is one of the most dynamic and creative startup consulting firms in the world. It's through this experience we'll help the next generation startups achieve their vision -- turning dreamers into doers."

Ku and Canafax take on their respective leadership roles at a busy time for the firm. Both will oversee the selection process for the Fall 2017 class of River Accelerator, an innovative startup incubation program focused on indentifying and fostering frontier technologies such as VR/AR, AI, machine learning, computer vision, drones, 3D printing, and more. The River Accelerator provides startups with mentorship from top frontier tech leaders through the River Network, creative space in the River Lounge in SOMA, and the opportunity to present at the River Accelerator Demo Day and Founder Field Day at AT&T Park. River Ecosystem partners with Rothenberg Ventures to provide $100,000+ of investment to startups in the River Accelerator. 

This fourth River Accelerator program, set to launch September 12, will ultimately join the prestigious River Accelerator alumni network of over 40 companies, including Fove, Emblematic, Roqovan, Psious, Boom Supersonic, and EmergentVR, that collectively have gone on to raise over $100M in funding from investors including Accel, Google Ventures, Samsung NEXT Ventures, and Colopl VR Fund.

Following the kick-off of the new River Accelerator program, River Ecosystem will host the fourth-annual Founder Field Day at AT&T Park on November 13. Ku and Canafax will be an intergral part of the team bringing together sponsorship partners, investors, and founders within the River Network to facilitate valuable connection between frontier technology entrepreneurs, startups, and investors.

"When given the opportunity to bring Jimmy and Nick into River Ecosystem as new partners, I immediately knew I was bringing together the dream team to foster a new phase of growth," said Mike Rothenberg, chairman and founder of River Ecosystem. "Between their shared experience as founders of previous startups, combined with their extensive networks and accelerator backgrounds, we're poised to take the firm, its programs and community experience to the next level."

To learn more about River Ecosytem and the application process for the Fall 2017 River Accelerator program, visit the website at: http://riverecosystem.com/riveraccelerator/