Pear Summer

Pear Summer applications are now closed for 2019; thank you for your interest!

 

JOIN PEAR SUMMER

UP TO 10 TEAMS

 
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PEAR SUMMER

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?

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.

Others should please apply through our application link on this page.


OUR TRACK RECORD

Pear Portfolio Value

Pear Portfolio Value

Sample Pear Summer Companies

Sample Pear Summer Companies

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.

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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.

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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. 

 

DEMO DAY

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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.

Pear Summer Demo Day '15

 

Pear Summer Demo Day ‘18

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.

 

FUNDING

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.

Omid Kordestani, Executive Chairman of Twitter

Omid Kordestani, Executive Chairman of Twitter

Cathy Polinsky, SVP Engineering at Salesforce

Cathy Polinsky, SVP Engineering at Salesforce

John Donahoe, Former CEO of eBay and CEO of ServiceNow

John Donahoe, Former CEO of eBay and CEO of ServiceNow

Bob Tinker, CEO of MobileIron and Pear Operating Partner

Bob Tinker, CEO of MobileIron and Pear Operating Partner

Jeff Housenbold, Managing Director at Softbank Group

Jeff Housenbold, Managing Director at Softbank Group

David Marcus, Senior VP at Facebook

David Marcus, Senior VP at Facebook

FREE Resources

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.

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Community

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.

Annual Food Truck Party

Annual Food Truck Party

Founders Boat Trip

Founders Boat Trip

SELECT MENTORS

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:

 
Touraj Parang    VP Corp Development / Business Development, GoDaddy

Touraj Parang

VP Corp Development / Business Development, GoDaddy

Yasi Baiani    VP Product, Halo Neuroscience, Prev. Head of Product Management, Fitbit

Yasi Baiani

VP Product, Halo Neuroscience, Prev. Head of Product Management, Fitbit

 
Bob Tinker    Co-founder and Board Member, MobileIron

Bob Tinker

Co-founder and Board Member, MobileIron

Akshar Bonu   Pear Summer '16, Founder / CEO, The Custom Movement

Akshar Bonu

Pear Summer '16, Founder / CEO, The Custom Movement

Pedram Keyani    Director of Growth Engineering, Uber

Pedram Keyani

Director of Growth Engineering, Uber

 

PEAR SUMMER DETAILS

  • We will invest $150K for 5% of the company.

  • Pear Summer officially kicks-off on July 1.

  • You can work anywhere in the Bay Area. However, we recommend you work out of our downtown Palo Alto Office, which you can access 24/7 for free! We expect you to work at least two days per week out of our Palo Alto headquarters.

  • Time commitment:

    • Group check-ins once every week

    • Office hours with a Pear investor once every week

    • Demo Day: ~3 months after Pear Summer kickoff

 

TIMELINE

May 17 (11:59PM PT): Application deadline

May 20-May 31: Interviews with selected teams

By June 15: Teams are notified of acceptance. Acceptances are done on a rolling basis, so the sooner you apply, the sooner you’ll know!

Pear Summer officially kicks-off on July 1!

 

 

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, we highly recommend you 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?

Yes.

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, meaning our commitment to your team continues after the summer program for your entire startup journey, and beyond!