In a blog post at the Seed Hatchery website, Eric Mathews, founding CEO and co-president of LaunchYourCity Inc., has several reasons why companies should choose Memphis as the place where they’ll build their business.
“1) Founders First: We focus on building great founders. Let’s face it: failure rates are high for startups. If you go through an accelerator program and we only help you build a business, then our impact has not been fully realized. We fully expect that our founders will be a serial entrepreneurs. We focus on providing each founder the skills, coaching, and training needed to lead startups.
2) National Exposure from Day 1: Nibletz.com and EverywhereElse.co (the largest startup conference in the United States) are both in Memphis. All of our companies get automatic admission, exposure, and access to the big players at the conference.
3) Intense Focus: We only invest in six companies per program at a time. This gives our founders plenty of face time with our leadership team as well as other experts that we bring in. Over 150 people will be working on just 6 startups each cohort. That is a lot of support.
4) Results: Companies that participate in our Memphis accelerator programs on average raise over $250,000 in capital.
5) Lifestyle: As the birthplace of Rock ‘n’ Roll, we don’t take things seriously all the time. The culture of working hard and playing hard is alive and well. You’ll have as much fun at the whiteboard as you will at the bar. Our founders enjoy both the dynamic innovation programming as well as the cultural and music outlets.”