By guest authors Irina Patterson and Candice Arnold Irina: How many companies have you incubated? David: We’ve now done 81 companies. We’ve operated for four years in Boulder, two years in Boston, one year in Seattle, and it’s our first year in New York. We’re not expanding anymore. If you add all those up, about
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
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.
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
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
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]
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.
By guest authors Irina Patterson and Candice Arnold Danny: I thought that BCIC would be a better place for me to cover all the sectors, make sure the entire [entrepreneurial] ecosystem’s intact, reach all the other industries and regions. I represent all of British Columbia, not just Vancouver. There are about nine regional areas where