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PiinPoint is Velocity’s 7th team to join Y Combinator

It’s been said that Y Combinator’s acceptance rate is lower than Harvard’s. The startup accelerator of Silicon Valley has been called a “boot camp for startups,” “the most prestigious program for budding digital entrepreneurs” by Wired, and the top startup accelerator by Forbes. So it’s with great pride that we congratulate Velocity’s PiinPoint for earning one of the coveted spots as part of the current Y Combinator cohort.

Velocity startups have participated in Y Combinator for an impressive seven consecutive terms now. (Each Y Combinator program runs for three months and is held twice a year.) The lineup includes reebeeThalmic Labs, BufferBox, CoupleVidyard and Pebble.

Where are they now?

reebee returned to Velocity following their term at Y Combinator and is making great strides with their digital flyers. More news to come from reebee very soon!

MYO wearable gesture control tech company Thalmic Labs returned to Velocity, then moved to their own space down the street in July of last year. The MYOs are set to ship mid-2014.

Parcel pick-up kiosk operator BufferBox was acquired by Google in 2012 for an undisclosed amount. The founders keep strong ties with Velocity, mentoring many of our up-and-coming startups.

Couple, the relationship app for two, operates out of San Francisco and boasts over a million downloads and over 400 million messages between couples.

Smartwatch maker Pebble made headlines as the most successful campaign to hit crowdfunding site Kickstarter, raising over $10 million. They recently reached a new milestone of over 400,000 watches sold in the first year (as of January 2014), and an estimated US$60 million in revenue.

Video marketing and analytics software company Vidyard has raised more than $6 million, and recent media coverage hinted at a potential IPO next year. Their offices are just blocks away from Velocity in downtown Kitchener in Waterloo Region, and the founders continue to support the Velocity community in many ways.

As for PiinPoint, co-founders Jim Robeson and Adam Saunders launched their location analytics service today to help retailers of all types and sizes find the best locations for expansion. (Congrats guys!)

Tomorrow, they pitch at Y Combinator’s Demo Day to an investor audience. (We’ll be cheering from Waterloo!) And based on our latest conversation, their plans after Y Combinator are to return to Velocity in the late April timeframe.

Be sure to check out PiinPoint’s launch announcement, today’s feature on TechCrunch, and more info about the Velocity-Y Combinator connection in the Velocity news release sent out today.