Earlier this year, Serenity Gibbons, for Entrepreneur, penned a wonderfully straightforward look at why startups should look to Accelerators. It was the sub-headline that caught my attention most, “thrive with a little help from your friends.”
- Comprehensive support
- A full roster of activities
- Investor access
- Accelerated knowledge
- A gateway to future customers
- Skills development
- Risk management
- A bigger-picture, long-term view
- A springboard
- An accelerator for everyone
- Motivation and morale
- Continued support long after the program ends
Purposeful, well developed, and intentional startup programs are incredible resources for founders, and as we looked to our own passion and experience in MediaTech Ventures, we wanted to identify how we can serve entrepreneurs, investors, and Accelerators.
Yes, serve Accelerators.
There is a seed to entrepreneurship; a catalyst which enables our economy to create opportunity, innovation, and jobs. That seed is in shared knowledge and access – the means to take the risks involved in starting something.
Two Decades Ago
From AOL’s keyword to Yahoo’s directory and acquisition of Broadcast.com, and then from Google’s search engine to Facebook’s social network, the early innovations of the internet changed everything about how we work, and gave rise to Apple’s iTunes, Spotify, YouTube, Instagram, iTunes, Amazon’s Fire and Alexa technologies and more.
In that revolution, our media industry has been wrestling with change and the rapid pace of disruption. Most significantly, too many music, film, advertising, news, and other media professionals have been left to struggle with how things work today – how to thrive as a working professional and how to succeed as an entrepreneur.
That was our sweet spot.
In looking to how to serve our friends at WMG Boost, Capital Records and gBETA, Gener8tor, Comcast NBCUniversal’s LIFT Labs with Techstars and Techstars Music, Abbey Road Red, 2112, Wallifornia MusicTech, SXSW Pitch, and other inflection points for media entrepreneurs, it became clear that our work, our specialty, with startups and venture capital, was in incubating founders and ideas to become enduring companies.
Why Start in Austin?
Have you noticed how substantially Google, Facebook, and Apple have grown in this part of the world? With all the talk of startups and technology moving to Texas, we couldn’t help but uncover that the great majority of migration (of both people and capital) is in media.
Understandably so, over the decades, Austin’s Live Music Capital has evolved to being more of a Creative Technology Capital, as filmmakers and musicians alike collaborate with the brilliant engineers and architects calling Austin home.
And it was in this convergence of ideas, resources, specialized mentors, and companies, that we realized the best we can do for startups is take that idea of incubation and acceleration and specialize it: focus everything on the media industry and media innovation so that those benefits Serenity mentioned would be even more substantially available: more comprehensive support, relevant investor access, domain specific knowledge, and continued support for the entirety of our careers in media.
Thanks to a tremendous collaboration with Johnny Kelly and Work Well Coworking East Austin, and the operating support of Austin Larson and Northshore Media Productions’ Kevin Chin and Keith Chen, the curriculum, teachers, and program to develop the future of our media industry is live, through Austin, Texas.
Collective Media Innovation
May 30th, with our friends at Impact Hub, our first cohort of incubated MediaTech startups will share the stage with Hugh Forrest, CPO SXSW, Suzanne Malone, Founder Strategies for Small Business, Brendon Anthony, Director of the Texas Music Office, and our guests in venture capital, to introduce what they’ve set out to accomplish.
With the incredible support and experience of Imaginnovate and Jones & Spross, as well as teachers including (ready for this? …) Ricky Holm, Founder Chocolate Milk & Donuts, Erin Reilly, Director of Innovation & Entrepreneurship at UT Moody College of Communications, Elijah May, Founder The Experience Firm, Naji Kelley, Founder BLNDED Media, Ben Faubian, Creative/Art Director Reactive Canvas, Gavin Gillas, Managing Partner YGC Capital, Kory Jones, CoFounder ReillyWorks, Chris Turnley, VP Retail UFCU, Elijah Whites, CoFounder Serving Social, Corey Butler, Founder Author.io, Kristine Bryant, Founder Gladiator Consulting, Frank Coppersmith, Mike Svatek of Rivet Works, CEO Smarter Reality, Nathan Ryan, CEO Blue Sky Partners, Ted Cohen, Head of Corp Dev MediaTech Ventures, Cara McCarty, CoFounder Code Pilot, Andy Hart, COO MediaTech Ventures, Austin Kueffner, CoFounder Alice Design, Elise Krentzel of Nomad Sound, Erin Moore, Executive Director Human Capital Solutions, Moby (Not that Moby), Founder The Fire Show, Alik Mock, Founder Genwise, Rob Schmidt, CoFounder Alice Design, Ethan Parker, Founder/CEO Treble, Mike Erwin, Founder/GP Ecliptic Capital, and Aaron Perman, VP S3 Ventures ……… we’re excited to introduce…
- Blended Sense, a creative intelligence technology and SaaS product for content production and management. Blended Sense creates digital experiences that connect those who need consistent, quality, content to those who make it locally. Founded by Abigail Rose and Albert Baez, the team’s combined expertise in tech for local business and the creative arts and production industries (TV/Film/Performance) revealed a major opportunity to transform the space and bring new value to the creative economy.
- Jeremy Rashad Brown has a mission to provide a viable platform for underrepresented and marginalized artists to authentically tell their stories through various artistic mediums; Brown Boy Productions is live to do just that, primarily through film and streaming content.
- EEVET customers feel the pain of an empty venue which is caused by a lack of access to diverse talent. Founded by Ben Hodge and Thomas Schneider in San Antonio, they were involved in Nashville’s Project Music incubator and when Nicholas Ramos joined the team, they made their time to Austin to join us. Providing an AI that puts artists in direct contact with booking managers, while holding payments for events in escrow, they’re set about helping artists get paid.
- Flash Data Transfer is invested in a GUI to make their OEM licensing of technology from Transfersoft, a high speed data transfer protocol, easier to use. Founded by Thomas Sahs, their solution is 10X faster and 10X cheaper than what’s currently on the market; delivering a secure, high speed large file data technology in demand in entertainment, oil and gas, medical, storage, and video games.
- Front 7 Rush is a sports media company founded in Houston and Austin, TX by Vince Ingram and Bijan Kelley, with Candice Landry. The company engages the armchair expert via a podcast, online community, and several novel defense-focused fantasy football games with an emphasis in the platform on “All Defense, All the Time!” The launch of our first game, Total Defense, garnered the attention and encouragement of the Fantasy Sports Trade Association.
- Rob Campanell started his media career as a television producer in the early 90s and in 1994, he relocated to Austin to produce “Cyberia” at the University of Texas. The UT student and community television station was just to starting stream its channel over the internet using a video conference technology called CU-SeeMe which was developed at Cornell University. The combination of VR and video streaming was an exciting vision for the future of media. That vision is in Virtual Idols, a production studio oriented at closing the cultural and language gaps between the United States and Asia by enabling in the U.S. the augmented reality character development so prevalent overseas.
As part of the program, we were also host to what Brandon Thurman, through ROOG, has been building through the University of Texas’ MSTC program for entrepreneurs, as we explored how what we’re doing can apply directly to University programs and media and communication colleges and students.
Join us in Austin, the evening of May 30th, as we bring these companies to life and look to serving more entrepreneurs, investors, and Accelerators throughout the world.