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Business Incubator Series: An Interview With Chris Heivly, Executive Director, LaunchBox Digital (Part 7)

Posted on Tuesday, Feb 22nd

By guest authors Irina Patterson and Candice Arnold Irina: What is your own background? How did you arrive at this point? Chris: Thank you for asking. I’m an entrepreneur. I’ve done four or five of these things. I’ve had successes and I’ve had failures. My biggest success is that I was one of the founders

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Business Incubator Series: An Interview With Chris Heivly, Executive Director, LaunchBox Digital (Part 6)

Posted on Monday, Feb 21st

By guest authors Irina Patterson and Candice Arnold Irina: Would you talk more about warrants? Chris: The concept here is that, if we think one of the companies – or two of the companies – has a lot of promise, we could put an additional $250,000 into that company and really help move them into

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Business Incubator Series: An Interview With Chris Heivly, Executive Director, LaunchBox Digital (Part 5)

Posted on Sunday, Feb 20th

By guest authors Irina Patterson and Candice Arnold Irina: Do you compensate mentors who come in to help your entrepreneurs? Chris: They’re all volunteers. Irina: What are your metrics of success at LaunchBox? Chris: There’re two measuring sticks today. The ultimate measuring stick, as a venture fund, is a return on investment to our investors.

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Business Incubator Series: An Interview With Chris Heivly, Executive Director, LaunchBox Digital (Part 4)

Posted on Saturday, Feb 19th

By guest authors Irina Patterson and Candice Arnold Chris: The board of advisors for each company enrolled will include two LaunchBox partners and two to three outsiders, who will meet every week for an hour and help to drive this company through the 12-week program. It’s really great. I sit in on every one of

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Business Incubator Series: An Interview With Chris Heivly, Executive Director, LaunchBox Digital (Part 3)

Posted on Friday, Feb 18th

By guest authors Irina Patterson and Candice Arnold Irina: Do you announce in a press release or on the Web that the next program session open, and companies start applying? Chris: That’s correct. We do some outbound marketing. We get some mentions in the technology and entrepreneurial press. We’ve run for three years now. There’s

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Business Incubator Series: An Interview With Chris Heivly, Executive Director, LaunchBox Digital (Part 2)

Posted on Thursday, Feb 17th

By guest authors Irina Patterson and Candice Arnold Irina: What would be the ideal company to have in your incubation program? Chris: For the most part, first-time entrepreneurs who have a reasonably mature concept of what they want to build in a fairly large market or large market opportunity; something where the value is [so]

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Business Incubator Series: An Interview With Chris Heivly, Executive Director, LaunchBox Digital (Part 1)

Posted on Wednesday, Feb 16th

By guest authors Irina Patterson and Candice Arnold I am talking to Chris Heivly, executive director of LaunchBox Digital, an accelerator program for  entrepreneurs based in Durham, North Carolina. The program structure and workings are similar to Y Combinator and TechStars.