Founder recounts the first 30 days of Seed Hatchery, a startup accelerator
workforpie.posterous.com
workforpie.posterous.com
Whether or not the job is getting done really remains to be seen. We're a little more than a month deep now and demo day is looming. What happens then and afterward will be the true judge of our success.
I will say this. There's been a lot of conversation on HN and elsewhere lately about accelerators that aren't called YC or TechStars and whether they will be as successful. Again, the answer to that question remains to be seen, but I can say with certainty that the benefit of programs like Seed Hatchery, Jumpstart Foundry in Nashville, and others is that the entire community is involved. There is a tremendous amount of pride in Memphis for the Seed Hatchery program, and our advisors and mentors have really taken all of the cohort companies under their proverbial wings and helped us along. I didn't expect that, to be honest, but I truly believe now that it is the great strength of our program here in Memphis.
No doubt YC is still the NY Giants. They've got access to amazing entrepreneurs and advisors and clearly attract the cream of the crop when it comes to talent, but we're okay with being the Green Bay Packers. There's so much pride in what we're doing here that we can still fill a stadium.
I'm proud of my hometown for creating this program. For areas such as Memphis that have struggled, I strongly believe the economic development focus needs to shift more to tech and software. There is talent here, but very little infrastructure to develop it. Programs like Seed Hatchery and LaunchMemphis are working to change that.