Brian Matthews and James “Jay” DeLong have both joined the SixThirty team.
Matthews co-founded Cultivation Capital, an early stage venture firm based in St. Louis that is focused on life sciences and technology. Matthews is an investor at Capital Innovators, another accelerator, and a founder of River City Internet Group, which calls itself an “internet delivery system holding company.” He has co-founded and assisted in the sale of the following technology companies: Primary Network to Mpower Communications in 2000; Primary Webworks to Perficient in 2001; CDM Fantasy Sports to Liberty Media in 2006; and IntraISP to Clearwire Communications in 2007.
DeLong, meanwhile, works at the St. Louis Regional Chamber, where he directs efforts to facilitate equity and venture capital, and to foster emerging technology companies to the St. Louis region. He is also an advisor to iSelect Fund, which provides early and venture-stage capital to startups. Prior to joining the St. Louis Regional Chamber, DeLong was president of Active Capital in Irvine, Calif.
SixThirty was founded in August by Jim McKelvey, Square’s co-founder to help financial tech companies launch. SixThirty makes investments in startups for equity. Unlike other accelerators, SixThirty says it “will negotiate for equity.” Most accelerators take anywhere from 5% to 10% of equity, and SixThirty plans to stay “fairly consistent” with that range.
Tomorrow SixThirty will be announcing the first four financial technology companies accepted into it’s accelerator program.