Jumpstart Foundry (JSF) just announced that for their 2014 Cohort, they are bringing Chris Poole to their management team and creating a new role for David Ledgerwood to help every business launch before graduating.
Chris Poole will be Jumpstart Foundry’s new Managing Director.
He is currently a Principal at Solidus Company. His past experience includes building one angel-backed startup. By bringing Poole on board, JSF gains additional startup experience and adds more of an investor perspective to the program.
Most of the businesses that go through Jumpstart are technology-focused and require funding at some point in their growth to reach profitability and become sustainable. With an investor like Poole in the mix from the beginning, the startups will be building an investable element.
“Jumpstart has had an incredible amount of success over the last four years and is in great position to capitalize on explosive growth in the Nashville startup community. I am excited to join JSF and look forward to bringing VC and startup experience,” Chris commented.
David Ledgerwood is moving from his current role as COO to serve as Entrepreneur in Residence.
A serial entrepreneur himself, Ledgerwood’s new role will allow him to focus his knowledge of lean startup methodology and customer development to assist JSF companies in launching an MVP. He will also assist in teaching companies how to get revenue traction from an early stage. In addition to his work with cohort companies, he is now dedicated to assembling and coordinating a faculty residence team to further enrich Jumpstart Foundry’s nationally-ranked accelerator program.
Ledgerwood talks about his new role: “I’m really excited to lead the faculty team that will ensure our startups maximize their early revenue potential. This was my favorite part of the job during last year’s cohort, and it leaves some time in my schedule for private consulting, another passion of mine.”
In the past, not all businesses leaving Jumpstart have left with an MVP or revenue coming in, or even in sight. According to Ledgerwood, having a working MVP is of critical importance as a new company moves from the fast-paced accelerator stages to operating their business model. Leaving an accelerator with an MVP is attractive to investors and creates momentum that keeps the business moving when things get confusing. Ledgerwood’s focus on getting businesses to create early revenue will undoubtedly increase the success rate at the already highly successful accelerator.
At SouthernAlpha, we are excited to see accelerators adapting their own teams to get people into positions that will benefit companies the most. We are still wondering though, what will Mitch Evans’ role be at Jumpstart this year?
About Jumpstart Foundry:
Jumpstart Foundry (JSF) provides platform services to support & foster innovation in start-ups and large corporations in the Southeast US. It fast-tracks successful technology businesses from launch to investment through a 14-week, mentor-driven acceleration program capped by an Investor Day showcase. Jumpstart also partners with large corporations through its Jumpwerx program. Jumpwerx uses an immersive learning program to invent new solutions for large companies while training key employees in a learn-by-doing the curriculum.
Jumpstart Foundry is currently accepting applications for its 2014 cohort. To apply, visit http://jsf.co