Stubbs Alderton & Markiles Announces Closing of its Preccelerator® Program
- Editor
- Apr 28
- 2 min read
Whats Happening:
Stubbs Alderton & Markiles, LLP (SA&M) is closing its Preccelerator® Program and Santa Monica office after 13 years, effective June 27, 2025. The program, which provided early-stage startups with initial capital, legal services, mentorship, and strategic perks, has guided over 56 companies since its inception in 2012. Despite the closure, SA&M will continue supporting early-stage startups and the venture community through legal guidance, resources, mentoring, and support.
Key Moves:
Stubbs Alderton & Markiles closing Preccelerator® Program and Santa Monica office on June 27, 2025
Program has guided over 56 companies since 2012, securing over $62 million in follow-on funding
SA&M will continue supporting early-stage startups through legal guidance and resources
By The Numbers:
Preccelerator® Program operated for 13 years
Guided more than 56 companies through its programs
Companies secured over $62 million in follow-on funding
Key Quotes:
"The Preccelerator® Program has been a cornerstone of our firm's dedication to nurturing innovation in Southern California's technology ecosystem," - Scott Alderton, Managing Partner at Stubbs Alderton & Markiles
"Over the years, we have had the great privilege of working with dozens of remarkable startups that have gone on to achieve significant milestones." - Kelly Laffey, SA&M Partner
"The Preccelerator® has always been more than just an accelerator program. We have been deeply committed to fostering entrepreneurship throughout Santa Monica and the broader Los Angeles ecosystem." - Len Lanzi, Preccelerator® Managing Director
Bottom Line:
While Stubbs Alderton & Markiles is closing its physical Preccelerator® Program, the firm remains committed to supporting early-stage startups and the venture community. The program's success in guiding over 56 companies and securing significant follow-on funding demonstrates its impact on Southern California's technology ecosystem. SA&M will continue to provide comprehensive legal guidance, resources, and mentoring to startups at every stage of their development.
Comments