In 2015, Audible Founder and Executive Chairman Don Katz founded Newark Venture Partners (NVP), a venture fund and accelerator that attracts early-stage companies to become the “next 100 Audibles” in Newark.
Hundreds of Audible employees volunteer to mentor tech start-up companies in NVP’s accelerator program, and NVP has already invested millions of dollars in over 65 Newark start-ups. This has garnered $250 million in follow-on investment in NVP’s portfolio companies and helped to create hundreds of jobs.
By catalyzing a tech ecosystem in Newark, NVP is helping transform the city into a hub for tech entrepreneurs, and its member companies are creating jobs and revenue for the city and its residents. The recasting of Newark as an ultra-bandwidth tech center will improve opportunity across the city and help elevate the entire community.