VOL. 128 | NO. 21 | Thursday, January 31, 2013
Six New Seed Hatchery Teams Chosen
By Andy Meek
Six new teams have been lined up for the 2013 Seed Hatchery cohort.
Seed Hatchery is Memphis’ high-growth tech startup accelerator and puts entrepreneurs through a 90-day boot camp, with a crash course in customer discovery, business development, go-to-market strategies and investor pitches. And this year’s cohort marks the third collection of founders to go through the program.
This year’s batch includes startups focused on music, digital publishing, scientific research and social enterprises. It also includes three University of Memphis journalism graduates, two women CEOs and one female co-founder, founders who range in age from their 20s to their 50s, Seed Hatchery’s first co-founders who are also married and a co-founder of the startup Kangaroo who’s also part of the band Star & Micey.
“It is no surprise that each year the decision process gets tougher for our investment committee,” said LaunchYourCity CEO and Seed Hatchery founder Eric Mathews. “One thing we’re thrilled to see is an order of magnitude increase in women founders.”
Seed Hatchery gets started Feb. 9. Each team gets $15,000 in seed funding and will work with seasoned mentors. Investor Day, when the teams will formally make pitches for funding, is May 16.
Seed Hatchery is funded in part through an INCITE grant from the state of Tennessee and LaunchTennessee, awarded to LaunchYourCity Inc. and Memphis Bioworks. The startup companies’ seed investments are made by Solidus Co.
Program partners include archer-malmo, a-m ventures, Baker Donelson Bearman Caldwell & Berkowitz PC, BizSpark, The Marston Group and Rackspace.
The six Seed Hatchery teams are:
Scott Finney, CEO
IncreaseIF.com provides cost-analysis software to help scientific researchers figure out which in-house resources should be used and which tasks should be outsourced.
Brit Fitzpatrick, CEO, Andrew Bartolotta, brand evangelist
Mentor.me is a could-based platform that’s trying for a better way to pair up mentors and mentees.
Nick Redmond, CEO, Rachel Hurley, co-founder and director of PR and marketing
Kangaroo helps musicians interact with fans using GPS-enabled devices.
Richard Billings, CEO, Will Phillips, co-founder and lead designer
From the company itself: “Screwpulp is going to change how authors self-publish and distribute their work like never before.”
Pam Cooper, CEO, Tom Cooper, chief technology officer
Sodbuster is a cloud-based platform that connects independent nonprofit organizations with local merchants to a local community marketplace for fundraisers and local businesses.
Justin Olita, CEO, Vince Rogers, co-founder and vice-president, Brian Wentzloff, co-founder and chief technology officer
Musistic is a social collaboration platform that uses cloud-based music creation intelligence, as well as a smart matching technology, to bring musicians together to play.