Pear Summer applications are now open!
JOIN PEAR SUMMER
UP TO 10 TEAMS
BY INVITATION ONLY
Pear Summer is a program that helps you build the foundations of a long lasting company. If you are selected, we will commit to becoming your partner and we will use all of our resources, experience, and network to support your goals. Pear will become an extension of your team.
$150k investment for 5% equity
Regular office hours with the Pear investment team
Hands-on mentorship to help lay the foundations of your company including: actively helping to recruit key employees, connecting you to relevant customers, white-boarding product strategy, running experiments on acquisition strategies, and much more
Regular workshops and speaker series with accomplished guest experts who cover a variety of startup topics
Weekly check-ins with other teams in the cohort
Each team paired with an expert operating mentor
Free office space in the Bay Area
Demo Day with top investors in Silicon Valley
WHO CAN APPLY?
Pear Summer is by invitation only. If you are reading this due to our invitation, then you are qualified to apply.
If you have already been previously selected for one of the following Pear initiatives: Pear GSB, Pear HBS, Pear UPenn, Pear MIT, Pear Stanford CS+Eng then you automatically qualify for Pear Summer and you don’t need to re-apply.
OUR TRACK RECORD
2015-2018 Pear Summer Cohorts: ~77% of companies raised a Seed round
2015-2017 Pear Summer Cohorts: ~36% of companies raised a Series A round
HOW WE WORK WITH PEAR SUMMER COMPANIES
Our Commitment and time
When we invest in your company, you are joining the Pear portfolio and we are partnering with you for a lifetime. When we back you, we roll up our sleeves and actively help you build the foundation of your company.
During Pear Summer, we meet with you regularly, teach the best practices and specifics of starting a company (e.g., optimal hiring practices, start-up financing, etc.), and organize talks from entrepreneurs and investors geared towards helping you with specific startup areas.
We'll also be hands on with a variety of important activities such as: actively helping to recruit key employees, connecting you to relevant customers, white-boarding product strategy, running experiments on acquisition strategies, and much more.
Close to the end of the program, we put together a demo day where you can meet with investors across Silicon Valley.
We invite 250+ of the top Founding GPs, GPs, and Partners across all major Silicon Valley venture capital firms to attend our Demo Day.
After Demo Day, we'll continue providing you with our ongoing time commitment (regular meetings as often as needed) and access to our resources including our recruiting support and active community.
We are committing to giving each Pear Summer team enough capital to get to your next stage. We will invest $150,000 for 5% of the company.
Through our years of experience working with Pear Summer companies, we believe this is enough capital to help you reach initial stages of product-market-fit.
OTHER RESOURCES WE OFFER
WORKSHOPS / SPEAKER SERIES
We host regular workshops and speaker events every other week with accomplished guests who cover a variety of startup topics. Previous workshop leads and speakers have included: John Doerr (Partner, KPCB), Mark Pincus (Co-founder, Zynga), Cathy Polinsky (CTO, Stitchfix), Doug Leone (Global Managing Partner, Sequoia Capital), David Marcus (Head of Messenger, Facebook), Alfred Lin (Partner, Sequoia Capital), Omid Kordestani (Senior Advisor, Office of the CEO and Founders, Google), and many more.
Pear Summer teams will have 24/7 access to Pear’s office space in downtown Palo Alto throughout the program. They will also have access to all of Pear’s partner discounts worth over $250K (AWS, Rackspace, Google Cloud, and FbStart credits, free legal hours with the major law firms, discounted use of Braintree, Hubspot and much more!), our Pear consulting platform, job board, as well as events, workshops and our speaker series.
We dedicate much of our time towards building a dynamic community–be it through our Speaker Series, Hackathons, Pitch Nights, CEO Dinners, Workshops, or Networking Events. We further work towards empowering founders through building each of their personal networks–with one another, with our Operating Partners, and with the broader tech community. We have deep networks in Silicon Valley, and pride ourselves on our ability to connect founders like you with people that can help you achieve your goals.
Based on your company industry / sector, we will match you with the most relevant mentor. Here are a few of the talented mentors in our network:
PEAR SUMMER DETAILS
We will invest $150K for 5% of the company.
Pear Summer officially kicks-off on June 28th.
You can work anywhere in the Bay Area. However, you have the option to save precious money and work out of our downtown Palo Alto Office 24/7 for free. We expect you to work at least two days per week out of our Palo Alto headquarters.
Group check-ins once every week
Office hours once every other week
Demo Day: ~3 months after Pear Summer kickoff
We will be conducting two rounds of Pear Summer applications and interviews.
March 1: Applications open
March 15 (11:59PM PT): First round application deadline
March 18-29: Interviews with select teams
First week of April: First round teams are notified of acceptance
Round 2: (if we have more available slots for Pear Summer teams after Round 1, we will open up Round 2 of interviews)
May 31 (11:59PM PT): Second round application deadline
June 3-June 14: Interviews with selected teams
June 15: Second round teams are notified of acceptance
Pear Summer officially kicks-off on June 28th.
FREQUENTLY ASKED QUESTIONS
How much will you invest in our company?
$150K for 5% of the company.
Can I join another incubator / accelerator while I am part of Pear Summer?
Yes. However, we expect your team to spend at least two working days per week at the Pear headquarters in Palo Alto.
Who can apply?
At least one team member should have been enrolled in a university in the past three years.
Do we need someone technical in our team?
No, but we strongly encourage it.
How far along should my team be?
No company is too early and no company is too late.
What types of companies will you accept into Pear Summer?
We are generalists and sector-agnostic so any type of company can apply.
Do I and my co-founders need to be working on this full-time?
Yes. Exceptions can be made on a case-by-case basis if you are finishing up school or completing your thesis.
Do I have to work out of Pear’s Palo Alto headquarters?
You can work anywhere in the Bay Area. However, you have the option to save precious money and work out of our downtown Palo Alto Office. We expect you to work at least two days per week out of our Palo Alto headquarters.
Can I raise money before Pear Summer?
Can I raise money during Pear Summer?
Yes but our goal is to provide you enough money that you don’t have to spend more time looking for initial funding.
Will my company officially be part of the Pear portfolio?
Yes, you will treated as one of our portfolio companies.