Microfund and business incubator Jumpstart Foundry has set the date for its second investor day. On August 25, the program's class of six new startups will pitch investors on busineses they've grown through Jumpstart's intensive 14-week program. For more on Jumpstart, visit the group's revamped website, here.
Vic Gatto tells Jeff Cornwall at Belmont about the first-year successes for Jumpstart Foundry, an angel capital fund that comes with mentoring and other support services. One of the keys, Gatto says, is not to rush in too fast.
Last year we ran at a rate of 1 per month as we built the infrastructure. This year we will have a cohort of 6 over 14 weeks in the summer. This may grow to 8 or 10, but we believe that quality trumps volume. We will build Nashville one small group at a time over the next 5-10 years. There is no shortcut that can maintain quality.
Note: Gatto also is a partner at Solidus, one of the main investors in SouthComm, the parent of the Nashville Post.
“We successfully launched Jumpstart Foundry in Nashville last year, but TechStars is the best micro-fund in the country. We jumped at the chance to join forces, learn from their experience and share best practices,” said Vic Gatto, head of investor relations for Jumpstart Foundry. “We believe the combined efforts of the members of the TechStars Network will strengthen entrepreneurial activity across the country and become an answer to the search for economic growth and job creation over the next few years, and Jumpstart Foundry is proud to be part of this solution.”