Stubbs Alderton & Markiles Concludes Iconic Preccelerator Program in California

Closure of the Preccelerator® Program

Stubbs Alderton & Markiles, LLP (SAM), a prominent business law firm in Southern California, has announced the impending closure of its Preccelerator® Program and Santa Monica office, with a final operation date set for June 27, 2025. After thirteen years of service, the firm is transitioning its approach to supporting early-stage startups while maintaining its commitment to providing comprehensive legal assistance.

Founded in 2012, the Preccelerator® was a pioneering initiative designed to equip technology startups with essential resources including initial funding, advanced legal services, mentoring, and access to a curated portfolio of strategic perks. Over its lifespan, the program successfully shepherded more than 56 startups, which collectively secured over $62 million in further funding, a testament to its effectiveness in fostering innovation.

Scott Alderton, Managing Partner at SAM, articulated that the Preccelerator® has been a vital part of their mission to nurture the entrepreneurial spirit in Southern California’s tech ecosystem. He noted that the shift away from a physical program space reflects a broader trend in technology where startups increasingly manage their growth in a virtual context.

The evolving needs of startups have prompted SAM to reassess how they can best support entrepreneurship in the current landscape. Alderton emphasizes that while the Preccelerator® program may be coming to an end, their dedication to the startup community remains steadfast. The firm plans to continue offering legal guidance, mentoring, and resources to startups at various stages of their development.

Kelly Laffey, a SAM Partner and pivotal figure in the Preccelerator® Program, shared reflections on the pride that comes from aiding numerous startups in reaching significant heights in their respective industries. She notes that the program has acted as a crucial launchpad for many companies that are now making waves, thus the legacy of support provided by the firm will carry on through these successful entrepreneurs.

Len Lanzi, the Managing Director of the Preccelerator®, highlighted their longstanding commitment to fostering community-oriented entrepreneurship. Through workshops, mentorship initiatives, and strategic partnerships, the program sought to create a fertile environment for innovation in Santa Monica and Los Angeles.

Though the physical closure of the Preccelerator® may signal an end, the connections and collaborations established during its run are expected to persist and benefit the startup community for years to come. SAM extends its invitation to both current and prospective clients to engage with them for ongoing legal and strategic advice as they navigate the intricacies of building cutting-edge technology ventures.

For more detailed information about their offerings for early-stage companies, visit Stubbs Alderton & Markiles online.