THE IDEA VILLAGE IMPACT REPORT 2014 ENTREPRENEUR SEASON | JULY 2013 - MARCH 2014
We engage a global community to identify, support, and retain entrepreneurial talent in New Orleans. Founded in 2000, The Idea Village is an independent 501c3 nonprofit organization.
CAPTION : Over 2,500 individuals gather to celebrate the culmination of the 2014 Season at The Big Idea extravaganza.
TABLE OF CONTENTS 02 Letter from the CEO 03 The Idea Village Team & Board 05 Alumni Updates 07 2014 Entrepreneur Season: Programs & Events 13 2014 New Orleans Entrepreneur Week 17 Our Growing Village 24 2014 Financials 25 Impact & Media Highlights
“The Idea Village’s efforts are identifying and supporting a new generation of leaders, entrepreneurial leaders who are committed to the city of New Orleans’ future.” - David Darragh, Chairman of The Idea Village Board of Directors
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CAPTION : David Darragh, President and CEO of Reily Foods Company, kicks off the IDEAcorps MBA pitch during NOEW 2014.
\\ LETTER FROM THE CEO In 2000, I approached philanthropist Susan Gundlach with the crazy idea that New Orleans would be a vibrant entrepreneurial hub. She offered her support if our efforts would create opportunities to entice the 42,000 young people who left New Orleans in the 1990’s to return home one day. With that, the Jones Family Foundation seeded the local entrepreneurial movement. Susan understood the essence of why The Idea Village exists: to create a community where our kids would want to stay and get involved. Fifteen years later, I am proud to report that New Orleans has been named the #1 Brain Magnet in the Country, #3 Best City for Tech Jobs, and #1 City for In-Migration by Forbes. New Orleanians are coming home – joined by a legion of new residents drawn to our unique city. One reason is the engaged community focused on supporting entrepreneurial talent with innovative ideas in technology, education, water, food, and art. The results are the creation of thousands of quality jobs, a growing investment network, and New Orleans being globally recognized as a leading city to start a business. Entrepreneurial leaders have emerged that are paying it forward by mentoring new startups and engaging in critical civic issues, including Kirk Coco, NOLA Brewing Company; Patrick Comer, Federated Sample; Craig Cordes, Cordina; Joel Dondis, Sucré; Brendan Finke, ChapterSpot; Chris Laibe, StaffInsight; Sal LaMartina, Cordina; Kristen McEntyre, Tutti Dynamics; Jen Medbery, Kickboard; Kenneth Purcell, iSeatz; Brent McCrossen, Audiosocket; Joe McMenemon, ChapterSpot; Robbie Vitrano, Naked Pizza; Matt Wisdom, TurboSquid; and Scott Wolfe, zlien. The cycle has begun. During New Orleans Entrepreneur Week last March, I moderated a conversation between Walter Isaacson, Jim Coulter, and Ben Rosen about the future of New Orleans. Each acknowledged our significant progress, but cautioned that we still have work to do in order to sustain the momentum. As a result, we have launched a 3-year plan with a vision for New Orleans in 2018, the city’s tri-centennial. Our efforts will result in an inclusive, self-sustaining entrepreneurial ecosystem where everyone has a role. We envision that New Orleans Entrepreneur Week will be part of the city’s annual rhythms and rituals just like Mardi Gras, Jazz Fest, and Saints games. New Orleans will be a model city for connecting around entrepreneurship. Which brings me to another crazy idea: What if we hosted a reunion for all ex-pats, their families, and friends of New Orleans in 2018? Imagine in March of 2018, 100,000+ of our sons and daughters back home to witness firsthand the entrepreneurial transformation. Imagine tents in Jackson Square filled with the “who’s who” and the “who’s next,” dedicated to stewarding the future of our city. My goal is to inspire my daughter, Katie Blair, to always make New Orleans home. Join the journey,
Tim Williamson
Co-founder and CEO
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THE IDEA VILLAGE TEAM
THE IDEA VILLAGE STAFF
THE IDEA VILLAGE BOARD OF DIRECTORS David Darragh: Chairman
Chris Laibe
Ti Adelaide Martin: Vice-Chairman
Merritt Lane
Margaret Beer
Amith Nagarajan
Michael Brown
John Payne
President and CEO, Reily Foods Company Co-proprietor, Commander’s Palace
Director of Community Giving, IBERIABANK Vice-Chairman and COO, IBERIABANK
President and CEO, Canal Barge Company, Inc.
Kevin Clifford
Patrick Comer
Actor
Daryn Dodson
Consultant
Michael Gollner
CEO, Ochsner Health System
Founder and CEO, Federated Sample Calvert Funds
Managing Partner, Operating Capital Partners, LLP
Bill Hines
Managing Partner, Jones Walker
Yvette Jones
Executive VP of University Relations and Development, Tulane University
Tim Williamson
Co-founder and CEO
Emily Madero COO
Co-founder, Abstraction Ventures CEO, Caesars Entertainment Operating Company
CEO, American Funds
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Founder, StaffInsight
Wendell Pierce Tim Ryan Warner Thomas
Emily Egan
Rhea Ghosh
Jonathan Lindquist
Megan Kepper
Director of Strategic Partnerships
Digital Marketing Manager
Hugh Weber
President of Business Operations, New Jersey Devils
Tim Williamson
Co-founder and CEO, The Idea Village
Matthew Wisdom CEO, TurboSquid, Inc.
Community Coordinator
Director of Development
THE CHAIRMAN’S ADVISORY COMMITTEE E. Tiffany Adler COO, Adler’s
Taylor Beery
Life Science Commercialization Consultant
Allen Bell
Principal, Strategic Comp
Principal, Beery Advisors
Cameron Adams
Director of Marketing
Victoria Adams
Director of New Orleans Entrepreneur Week
Suzanne Mestayer
Darryl d’Aquin
Kenneth Purcell
Quentin Dastugue
Mark Romig
President, CommTech Industries
Sally Forman
New Orleans Entrepreneur Week Coordinator
Amelia Lane Johnson Development Coordinator
Scott Jacobs
Partner, TopSide and Co-founder, The Idea Village
CEO, Property One
Richard Hébert
James Hardy
CEO, ThirtyNorth Investments CEO, iSeatz
CEO, New Orleans Tourism Marketing Corporation
Author and Co-founder, The Idea Village
David Sylvester
Sam Giberga
Jimmy Treuting
Senior VP and General Counsel, Hornbeck Offshore Services and Co-founder, The Idea Village
David Guidry
President and CEO, Guico Machine Works
Partner, Fitzgerald & Rhodes, LLP CEO, Farm Dog, LLC
Robbie Vitrano
Co-founder, Trumpet, Naked Pizza, and The Idea Village
CAPTION : The Idea Village
Alex Rawitz
Manager of Accelerators
Summer Suleiman
Blackstone Content Correspondent
team is made up of nuts and nut followers all committed to fostering positive change in New Orleans through entrepreneurship.
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ALUMNI UPDATES
CultureConnect closed a small seed
round with 4 New Orleans-based angel investors including the New Orleans Startup Fund.
“At the end of the day, it will not be what the city does to help entrepreneurs, but how the entrepreneurs help the city…” - Tim Williamson, The Idea Village
Connect for a Cause was acquired
Dinner Lab is now in 20 cities (15 states) and has
by CommitChange.
closed a $2.1 million round of funding.
With sales having grown 300%, 4D Supplements has hired 8 sales reps.
300%
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1,
025,00 0
raised $3.3 million to date -- $1,025,000 in 2014 alone.
3.3
$
$
Better Day Health has
million
$
$
$
2014
ChapterSpot now has 12 fulltime
employees – and a global presence, as chapters in Canada and the UK are leveraging their platform.
12
2013
00
$
%1
%1
zlien now has 17 employees. Their revenue continues to grow 100% year over year and they process over $1B of receivables through their platform every 6 months.
2014
Be Well Nutrition, producer of ICONIC, was selected into AccelFoods’ food and beverage accelerator program.
00
$
2015
$1B
6
MONTHS
Federated Sample has launched
Fulcrum as an independent division because volumes on that platform have doubled every year since inception.
Kickboard is being used in over
650 schools across the country.
represents 100 schools using Kickboard’s technology
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PROGRAMS & EVENTS We deliver against our mission by executing an Entrepreneur Season, an annual cycle of unique programs and events that drive entrepreneurial activity in New Orleans. The Season culminates each March with New Orleans Entrepreneur Week.
CAPTIONS (L to R from Top): The 2014 Entrepreneur Season kicks off with an exclusive Dinner Lab experience. | Drinks, ‘treps, and tough love: Shredder Night, an open mic-style networking and pitch event in conjunction with the inaugural NOLATech Week, gives local entrepreneurs the opportunity to pitch to a panel of business experts, aka shredders, for real-time feedback. | NOLA native and James Beard award-winning chef and entrepreneur, John Currence, shares “Tastes & Tales” from his entrepreneurial journey. | The newly appointed U.S. Commerce Secretary Penny Pritzker visits New Orleans to meet with local entrepreneurs and announce a $600,000 EDA investment in The Idea Village. | IDEAx Graduation, the culmination of the 2014 program, is hosted at the National WWII Museum, providing an opportunity for the founders to showcase their progress.
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The 2014 Entrepreneur Season engaged a record breaking
tn ten d riveN
dir
ect
c o n s u lt i
ng
net
w o rking
ta
rtu
p s h o wca
222
s e
co
s
6,104
of the nation’s most innovative professionals, business leaders, investors, entrepreneurs, MBAs, and high school students through
EVENTS The total number of individuals engaged represents a
103% INCREASE This network invested
$2,262,655
in capital, consulting, & resources
in individuals engaged compared to the 2013 Season to support the efforts of
834
NOLA-based
entrepreneurs
CAPTION : Emily Madero shares advice and insights with the MBAs Across America co-founders during their visit to New Orleans. MBAs Across America is a movement of MBAs and entrepreneurs working together to revitalize America.
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CORE ENTREPRENEUR PROGRAMS IDEAinstitute IDEAinstitute is a weekly series of free workshops, keynotes, and networking events centered on the latest entrepreneurial topics. The 2014 program featured 24 unique sessions from Aug ‘13 – Feb ’14.
IDEAx (formerly IDEAxcelerator)
97.5%
of survey responses INDICATE THAT entrepreneurs would recommend the program that they participated in to a friend
IDEAx is an intensive, 11-week, business accelerator program for select high-growth entrepreneurs. Entrepreneur-inResidence Mike Eckert, former CEO of The Weather Channel and Pathfire, led the 2014 program, providing individualized coaching to each of the participating founders. The 2014 cohort included:
Jason Navarro & Liz Navarro
Denis Petrov & Andrey Stanovnov
Sean Carrigan, Jason Palmer, & Mike Melito
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Doug Ellis & Lucius Butts
Jon Renthrope
Darryl Glade & Kris Haug
Elliot Sanchez
Samantha Diamond & Monika Smyzek
Stirling Barrett
Damon Burns
Theodore Brown
Chris Stuckey
Elizabeth Bates
IDEAsessions IDEAsessions are 90-minute strategy sessions connecting local entrepreneurs with seasoned executives. During the 2014 Season, The Idea Village provided IDEAsessions to 121 ventures. They were led by mentors Gary Harrell, Lisa Lloyd, Chris Mangum, Carol Markowitz, J. Anthony Miguez, Doug Walner, and Kevin Wilkins.
Capitalx Capitalx is a 10-week accelerator program for select New Orleans founders focused on fundraising. The goal is to help participants carefully think through opportunities and prepare for raising capital. The program culminates in various pitch events during New Orleans Entrepreneur Week including the Coulter IDEApitch and Demo Day @ NOEW. Participation in Capitalx is by invitation-only. Entrepreneur-in-Residence Dann Schwartz, an entrepreneur, investor, and advisor, led the 2014 program, providing individualized coaching to each of the participating founders. The 2014 Demo Day @ NOEW cohort: APMT: Alex Reed, education everytime: Lorenzo Castillo & Spencer Gray, IMOTO Real Estate Photography: Darryl Glade & Kris Haug, Maritant: Chris Stuckey, MobileQubes: Sean Carrigan, Jason Palmer, & Mike Melito, and Your Nutrition Anytime: Erik Frank. The 2014 Coulter IDEApitch cohort: Dinner Lab: Brian Bordainick, mSchool: Elliot Sanchez, and zlien: Scott Wolfe. zlien was named the winner and received an all-expenses paid trip to Silicon Valley to meet with investors.
“We work with great people with big ideas who are committed to New Orleans.� - Emily Madero, The Idea Village
CAPTION : Chris Stuckey, Founder of Maritant, prepares for his Demo Day @ NOEW pitch.
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2014 FEATURED PROGRAMS
“The Water Challenge has accelerated an entrepreneurial movement around the industry by igniting a community to support innovative water entrepreneurs.� - Carmen James, Greater New Orleans Foundation
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CAPTION : Julia Kumari Drapkin, Founder of iSeeChange, pitches to a panel of industry experts and a captive audience during the Water Challenge.
As The Idea Village works towards reaching its vision of New Orleans becoming a self-sustaining entrepreneurial ecosystem, catalyzing activity within strategic local industries and sectors is critical. During the 2014 Season, The Idea Village focused on water and food.
Water Challenge The 4th annual Water Challenge identified and supported 8 entrepreneurial solutions that apply innovative approaches to how we live with water in Southeast Louisiana. After a rigorous, educational boot camp, 4 finalists were selected to move on to the 2nd phase and pitch for seed capital during NOEW. ORA Estuaries won, receiving a $50,000 grant. The nationally award winning Water Challenge is produced by The Idea Village in partnership with the Greater New Orleans Foundation. The 2014 cohort included:
Demetria Christo
Julia Kumari Drapkin
Tyler Ortego
Wayne Erdman
New Orleans Food Challenge The inaugural New Orleans Food Challenge was a 9-week accelerator focused on supporting entrepreneurial activity in the food and beverage industry in partnership with Reily Foods Company and Rouses Markets. Locally Preserved, Drinkology, and Sugah were named the winners and each received a $2,500 grant. The program was led by Entrepreneurs-in-Residence Lisa Lloyd and J. Anthony Miguez. The 2014 cohort included:
Emily Leefe
Stephanie Davis
Emily Marquis Vanlandingham
Nathan Winner
Taryn Cabase
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NEW ORLEANS ENTREPRENEUR WEEK CAPTIONS (L to R): Monika Smyezk, Co-founder of CultureConnect, takes the stage at NOEW. | Idea Village Co-founder and CEO, Tim Williamson, moderates
Walter Isaacson, Jim Coulter, and Ben Rosen, about the future of New Orleans. | Andrew Yang, Founder of Venture for America, kicks off the NOEW 2014 Gallier Hall is transformed into an entrepreneurial village and serves as the home base of NOEW.
A Look at the Week The 2014 Season concluded March 21-28, 2014 with the 6th annual New Orleans Entrepreneur Week (NOEW), a New Orleans-style business festival featuring 8 days of discussion, debate, education, competition, and celebration. This year, NOEW brought together 5,209 individuals through more than 138 innovative events in downtown New Orleans and Jefferson Parish. The broad public participation resulted from 26 partner organizations that engaged throughout the Season and leveraged the NOEW platform to showcase 70 local ventures with innovative solutions in technology, water, education, food, arts, and tourism, to national venture capital investors, local angel investors, and the community at large.
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CAPTIONS (L to R) : The Cajun Fire Brewing Company team celebrates their Big Idea win. | Over 2,500 people gather for the Big Idea, the culminating event of NOEW, despite heavy rain.
a panel comprised of global thought leaders keynote series. | For the second year in a row,
96% OF ATTENDEES
plan on attending NOEW 2015
93% OF ATTENDEES
“If you’re a civic leader searching for a formula on how to transform a city into an exciting hub for entrepreneurs, come down to New Orleans. You’ll not only find mouth-watering, thigh-expanding cuisine, almost-cinematic architecture and some of the best music anywhere, you’ll discover young entrepreneurs jamming the city streets, celebrating what some call the Mardi Gras of Entrepreneurs.” - Rhonda Abrams, USA Today (pictured above)
The Big Idea
NOEW concluded with the 3rd annual Big Idea, presented by IBERIABANK. This crowd driven pitch event engaged over 2,500 people to allocate $83,300 across 13 emerging local startups. Cajun Fire Brewing Company: Jon Renthrope, won the judges’ vote and received $54,300 in startup grant capital. The other new ventures that split the remaining $29,000 included: 4D Supplements: Jason Navarro & Liz Navarro, Athletic Performance Testing: Doug Ellis & Lucius Butts, Flying Fox: Tiffany Napper, BitBike: Nick Moncure, CultureConnect: Samantha Diamond & Monika Smyzek, FundDat: Alex McConduit, iSeeChange: Julia Kumari Drapkin, KREWE du optic: Stirling Barrett, Locally Preserved: Emily Marquis Vanlandingham, MakerState: Stephen Gilman, Threadix: Thomas Stern & Brenan Keller, and Where Y’Art.net: Collin Ferguson & Catherine Todd. had an excellent or good experience at NOEW
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NEW ORLEANS ENTREPRENEUR WEEK // HIGHLIGHTS
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New Orleans Entrepreneur Week has grown rapidly in recent years. Over 130 unique events made up NOEW 2014’s dynamic calendar. Here are a few highlights:
NOMA’s inaugural 3D Printed Design Contest: The contest encouraged new forms of production of artwork made possible by 21st-century methods of computerassisted digital fabrication and was presented by the New Orleans Museum of Art. There were a total of 17 submissions. Shea Trahan won for his design “Nodal Structures,” which was displayed at NOMA.
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CAPTIONS (L to R) : Entries from NOMA’s inaugural 3D Printed Design Contest are displayed at Gallier Hall for NOEW attendees to check out. | Local 3D printing artist Frances Guevara displays her piece called Lena, a 3D Printed Bikini, at NOEW. | Students from Newman School are recognized as the winners of the Trust Your Crazy Ideas Challenge during Youth Entrepreneurship Day. | National investors gather at Ruth’s Chris on the final day of NOEW for the inaugural NOEW Board of Advisors Meeting featuring high-growth New Orleans ventures.
Youth Entrepreneurship Day: New to the NOEW lineup, Youth Entrepreneurship Day, powered by Google for Education, was the culmination of 3 synergistic programs – the Trust Your Crazy Ideas Challenge, The Junior Idea, and the inNOLAvation Challenge – all focused on empowering students to do incredible things through education and technology.
NOEW Board of Advisors Meeting:
The inaugural NOEW Board of Advisors Meeting connected leading venture capital investors with select Idea Village alumni. This year, participating entrepreneurs included: Audiosocket, Better Day Health, Bioceptive, ChapterSpot, Cordina, Federated Sample, Kickboard, NOvate Medical Technologies, Theodent, and Tutti Dynamics.
The Rosen Technology Fellowship:
OF
CAPTION : Jerry Weissman, a Silicon Valley presentation coach who has helped more than 600
companies develop their IPO road shows, shares his methodology with the Rosen Technology Fellows.
Destination Hackathon: The New Orleans Tourism Marketing Corporation (NOTMC) hosted the 1st ever Destination Hackathon in partnership with The Idea Village. This 2-day event, designed to inspire the creation of frameworks for mobile applications to benefit the New Orleans tourism industry, engaged hackers, designers, and programmers. HearHere! won, receiving a $1,000 cash prize. CAPTIONS ( Top to Bottom): The Destination Hackathon panel, made up of Adam Hansen, Program Manager at
Rackspace; Michael Megalli, Senior Director of Brand Strategy at Microsoft; Mark Romig, President and CEO of NOTMC; Michael Smith, General Manager of the Hyatt Regency; and Nick Vivion, Reporter and Entrepreneur, assesses pitches and ideas at the end of the 2-day event. | Destination Hackathon participant Greg Harris puts some finishing touches on his team’s app, Second Line NOLA, before the final pitch.
Office Hours:
3
UPS, Salesforce, Silverline, and PR guru Alan Weinkrantz all hosted 1-on-1 office hours for New Orleans entrepreneurs.
D
PR
IN TI N G EX H
IB
IT
Inspired by Ben Rosen and Roger Ogden, this business development and mentorship program engaged LSU-based entrepreneurs: Applied Biopolymers, Cellcontrol, Electrochemical Materials, and Evisive. They each received a $1,250 grant and strategic consulting. Partners included: LSU College of Engineering, Louisiana Business & Technology Center, Baton Rouge Area Chamber, Step One Ventures, and the Louisiana Technology Park.
FIC E H O U RS
Isidore Newman School’s ‘Creative Problem Solving’ 3D Printing Exhibit:
This exhibit provided an interactive experience for NOEW participants to explore design thinking and 3D printing. (pictured Below)
The average NOEW attendee participated in
3.4 EVENTS equating to approximately 5 hours of programming across the week
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OUR GROWING VILLAGE
“Our work with The Idea Village demonstrates our commitment to helping grow the global entrepreneurial ecosystem through local volunteerism.” - Yakaira ‘Kai’ Núñez, Salesforce (pictured LEFT) // 17
CAPTION : NOEW participants gather for YLC’s Wednesday at the Square following a keynote address.
During the 2014 Season, participating New Orleans-based entrepreneurs received access to support from the following network:
MENTORS
22
Seasoned entrepreneurs and executives provided mentorship and support, including:
EX-PATS
PROFESSIONAL NETWORK
The New Bienville Society, an exclusive roundtable discussion led by Walter Isaacson of The Aspen Institute, Jim Coulter of TPG Capital and Tim Williamson of The Idea Village, gave expats with incredible ties to New Orleans the opportunity to reimagine the city as a 21st Century metropolis.
23
OVER
200
National and local professionals provided technical assistance as well as in-kind and discounted resources.
Entrepreneurs: Billy Bosch, Be Well
Nutrition; Kirk Coco, NOLA Brewing Company; Patrick Comer, Federated Sample; Joel Dondis, Sucré; Erik Frank, Your Nutrition Delivered; Chris Laibe, StaffInsight; Sal LaMartina, Cordina; Brent McCrossen, Audiosocket; Jen Medbery, Kickboard; Kenneth Purcell, iSeatz; Robbie Vitrano, Naked Pizza; Lovey Wakefield, NOLACajun.com; Executives: Mike Eckert; Gary Harrell; Lisa Lloyd; Chris Mangum; Carol Markowitz; J. Anthony Miguez; Patrick Nguyen; Dann Schwartz; Doug Walner; and Kevin Wilkins.
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FOUNDATIONS
National and local foundations teamed up with The Idea Village to support the New Orleans entrepreneurial ecosystem.
CORPORATIONS
MBAS
National and local corporations energetically supported The Idea Village and our efforts to drive entrepreneurial activity in New Orleans.
MBA students from national universities participated in the 6th IDEAcorps MBA Challenge, a world-class experiential learning program for MBA students during NOEW, providing direct consulting to 6 entrepreneurs.
PARTNERS
University of California Haas School of Business, University of Chicago Booth School of Business, Cornell University’s Johnson School of Management, Loyola University New Orleans College of Business, University of Pennsylvania’s Wharton School, and Tulane University Freeman School of Business.
50
36
The ecosystem thrives when our partners succeed and collaborate. This year, 26 partner organizations engaged throughout the Season and leveraged the NOEW platform, including:
4.0 Schools, Baton Rouge Area Chamber, Creative Alliance of New Orleans, Downtown Development District, inNOLAvation, Isidore Newman School, Jefferson Parish Economic Development Commission, Junior Achievement, Louisiana Cultural Economy Foundation, New Orleans Chamber of Commerce, New Orleans Startup Fund, New Orleans Tourism Marketing Corporation, New Orleans Museum of Art, Louisiana Business & Technology Center, Louisiana Technology Park, LSU College of Engineering, Propeller, Tulane University, and Urban League of Greater New Orleans, among others.
26 // 18
THOUGHT LEADERS
OVER
50
Global thought leaders shared their insights and expertise:
Rhonda Abrams USA Today
Drew Brees
Brees Dream Foundation | New Orleans Saints
“The future of the global economy depends on supporting entrepreneurs, and we are eager to work with partners like The Idea Village who are helping entrepreneurs achieve their goals.” - Amy Stursberg, Blackstone Charitable Foundation (pictured LEFT)
Jeff Pulver
VoIP pioneer | Vonage
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Ben Rosen
Sevin Rosen Funds | Compaq
Maude Standish Tarot
U.S. Senator Mary Landrieu
David Wilson UPS
Michael Megalli Microsoft
Amos Winbush III CyberSynchs
Jim Coulter TPG Capital
James Carville Political Guru
Hugh Evans 3D Systems
David Hall
Revolution Ventures
INVESTORS National and local investment funds engaged in the 2014 Season to assess local deal flow. This group included representatives from:
U.S. Secretary of Commerce Penny Pritzker
Andrew Yang
Venture for America
Walter Isaacson
Author | The Aspen Institute
21
Abstraction Ventures, Accel Partners, Battery Ventures, Calvert Funds, Charles River Ventures, Denham Capital, Fulcrum Equity Partners, General Atlantic, kbs+ Ventures, Kidron Corporate Advisors & Kidron Opportunity Fund, Kleiner Perkins Caufield & Byers, New Orleans Startup Fund, NO/LA Angel Network, Revolution Ventures, Riverbend Group, Operating Venture Capital, SSM Partners, South Coast Angel Fund, SVB Financial Group, TDF Ventures, and TPG Capital.
“The deals we’re seeing coming out of New Orleans have just as much potential as those we’ve seen in other startup hubs across the country.” - Daryn Dodson, Calvert Funds (pictured RIGHT) // 20
Individuals and organizations invested in The Idea Village’s efforts to support local entrepreneurial talent.
Google New Orleans Tourism Marketing Corporation NOLA Media Group Operating Venture Capital Stone Pigman Walther Wittmann, LLC Tulane University
PRESENTING | $100,000+
SILVER | $10,000+
DONORS OVER
500
Blackstone Charitable Foundation Kevin Clifford Family Penny & Jim Coulter Economic Development Administration Greater New Orleans Foundation’s Environmental Fund Office of Community Development Disaster Recovery Unit
PLATINUM | $50,000+ Chase The Coca-Cola Foundation French Market Coffee Harrah’s IBERIABANK Jones, Walker, Waechter, Poitevent, Carrère & Denégre, LLP JP Morgan
GOLD | $25,000+ Downtown Development District Galatoire’s 33 Bar & Steak Goldman Sachs 10,000 Small Businesses
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Baldwin Haspel Burke & Mayer Margaret & Kenneth Beer The Benjamin M. Rosen Family Foundation Chaffe McCall, LLP Denham Capital Management Edward Wisner Foundation Ernst & Young Eugenie and Joseph Jones Family Foundation Frilot, LLC Goldring Family Foundation King, Krebs, & Jurgens Elly & Merritt Lane Limousine Livery Mary Freeman Wisdom Foundation Ochsner Health System The Perkin Fund Roger Ogden Rouses Market Salesforce Foundation Silverline Hugh Uhalt UPS
BRONZE | $5,000+ Baker, Donelson, Bearman, Caldwell & Berkowitz, PC Baptist Community Ministries Charles Carriere Chaffe & Associates, Inc. Ella West Freeman Foundation GE Capital David Guidry International Matex Tank Terminals Leslie & Scott Jacobs Kabacoff Family Foundation New Orleans Convention and Visitors Bureau PosiGen TDF Ventures Jennifer & Doug Walner
CRYSTAL | $1,500+ 365 Connect, LLC Adler’s Aunt Sally’s Pralines Joan Bertaut Bond PR and Brand Strategy Bradley Murchison Kelly & Shea Mr. Robert S. Boh Kia & Christian Brown BusinessFirst Bank Carrollton Technologies Mr. & Mrs. George R. Cary III CenturyLink Commander’s Palace Corporate Realty
Edie & David Darragh Lisa Brooking & Bennett Davis Deveney Communication Consulting John Elstrott Eskew+Dumez+Ripple First NBC Bank Sally & Ron Forman Tripp Friedler, Free Gulliver Nan & Britt Galloway Gambit Communications Jill & Samuel Giberga Gillis, Ellis & Baker, Inc. Elizabeth & Chip Goodyear Hartwig Moss Insurance Kim Hoedeman Maureen & Whit Huguley IBM IdeaPaint iSeatz The James R. Moffett Family Foundation Junior Achievement of Greater New Orleans, Inc. KPMG Kushner LaGraize, LLC Laitram, LLC Leidenheimer Baking Co. Manning Passing Academy Charles Marsala Mr. & Mrs. J. Thomas Lewis Fund mumms Software New Orleans Business Alliance New Orleans Business Council Peter A. Mayer Advertising Debbie & Robert Patrick Wendell Pierce
Raising Cane’s Rathborne Companies Rick Rees Katherine & Tim Ryan Standard Mortgage Corporation Sterne Agee ThirtyNorth Investments, LLC James Treuting Trumpet Ventures Verizon Wireless Ginny Wise & Kevin Wilkins
SUPPORTERS | $25+ ActualAmericans.org Conie Abernathy Nish Acharya Nicki Anselmo Kimberly Armatis Brittany Boasso Arnemann Paige Arnof-Fenn Arts Council of New Orleans Treme Atelier Don Bankston Terri Baptiste-Franklin Susan & Rupert Barkoff John Barrett Howard Barton Duncan Bates Michael J. Bauer Linda & Neil Baum Jan Beard BeauxApps Jeanne & Allen Bell
Lucy Bell Alicia & David Bendana Tim Bennett Naureen Bhatti Kelli Binnings Bioceptive, LLC Black Unlimited Blue Runner Foods Harry Boileau Dennis Bourn Katrina Brees Albert E. Briede V Lauren & George Brower Lynn Brown Suzanne & Michael Brown Victor Buccola Ernest Burguieres Mark Burlet Burns Management Group Gina & Keith Burnett Alvin Burstein Allison Byrd Cajun Fire Brewing Company Joseph Calawerts Rica Canik Robert J. Caretto Richard Carrere Peggy Causey Virginia Chambless Kay Champagne ChapterSpot Lois & John Cole Christina & Patrick Comer Camille Coniglio Howard Conyers
Cordina Glen Coughenour Susan Couvillon Sarah Covert Creative Alliance of New Orleans Cudd Foundation Lester Culver Morgan Cummings Brian D’Arcy Sarah Daley Tina Dandry-Mayes Brian Danos Mary Dennard Josh Densen Destination Kitchen Kristine Dickson Sal Dickson Dave Dolive Jordan Gregory Dorenfeld Monique Gougisha Doucette Douglas Downing Daniel Dreher Katie Dumestre Phelps Dunbar Jack Duplessis Frederick S. Ellis Tom Ellis John Endicott Laurance Eustis III Scott Eustis Thomas Exnicios Alexandra Fallon James Favrot Federated Sample
Seth Feibus Jeanne & Bobby Feigler Adrienne Finley Darla Fisackerly Caroline & Brian Fitzpatrick Cecily Fogarty Dan Forman Kelley Frank Lulu & Billy Freiberg Joshua Frenkel French Fry Heaven Ailyn Fun Katie Gagliano Eleanor Gallagher Carlos Augusto Garcia Heath Gardenhire Myra Gardiner Michael Gardner Holli Gaspard Ralph Gaspard Patty Gay Mr. & Mrs. James F. Geary Ted George Jeffrey Gewirtz Gifted Nurses, LLC Sarah Gillen Christilisa Gilmore Ryan Glass Jennifer Goldstein Cheryl Golich Avery A. Golombek Mark Grayson Colin Grussing Gulfstream Commercial Realty
Susan & James Gundlach Nikhil Gupta Melissa Gurdian Megan Guy Tracy Hamlin Scott Hardie September Hargrove Charles Haymon HCT Enterprises Susan & William Hess Donna & William Hines Historia, LLC Sarah Hoffman Jim Hornbeak JD Houston Gretchen Howard Marilyn Huddell Karlie Hull John Huppi IDScan Cathy & Walter Isaacson Isidore Newman School George James IV Todd James Jefferson Parish Economic Development Commission JMJB Marketing Joel’s Catering & Special Events Amber Johnson Barbara Johnson
CAPTION : Dinner Lab and 100
strategic partners help us kick off the 2014 Season.
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Susan & Douglas Johnson Melinda Jones Yvette & Rick Jones Benjamin Kadden Pete Kalpas Jana Kaplan Susan Kavanaugh Cynthia Kehoe Teresa Kenny Julius Kimbrough Parker Koerner Niraj Kumar Kevin Kush Anna Labadie Gant Laborde Lynne & Chris Laibe C.C. & Bill Langenstein Suzanne Lanks Lisa & Philip Lapeyre Sally & Jay Lapeyre LAR&C Michelle LeBlanc Margaret & Matthew LeCorgne Lorrie Lee Perrey Lee Emily Leefe LifeCity Lawrence Linder Locally Preserved James Logan Regina Lourenco Bentley Louviere Sheldon Lykes
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Leora Pearl Madden Mike Mainguy Terri Malone Ms. Divya Mani Hunter Manship Marrero Land & Improvement Association, Ltd. Taylor Mathews Monique & Bob McCleskey Lee McDonough Kathleen McFadden Pat & Robert McIntyre Rebecca &Thomas McGoey John McKinney Megan McLain Alice McNeely David McPherson Eric McVicker Jennifer Medbery Jennifer & Brian Melius Carol & Alvin Merlin Jason Mielke Anita J. Miller Paul Miller David Mimeles Gabrielle & William Mimeles Helen Dietz-Mimeles & David Mimeles Michael Mimeles Greg Miner MiniVax MIO 3D Technologies, Inc. Sarika Mirchandani Bhavna Mistry Ted Moncure
Elizabeth Moran Mr. Chep Morrison LeAnn & Ted Moses Mr. & Mrs. Peter Moss Jim Mounger MPowerLines MT Engineering & Services, Inc. Katie Mularz Moses Munoz Jorge Murillo Shelly Neff Maria Newman NOLA Brewing Company Nola Couture John Nolan Nicholas Nottebohm The Occasional Wife Gasper Occhipinti Off The Hook Restaurants Silvia Olvera Ron Ondechek Stephan Oppenheimer OptimaGrocery, LLC Brian O’Reilly Rebecca Otten Stephen Parker Henry Parry-Okeden Jill Partner Marc Patrican Jacob Peters Cathy & Hunter Pierson PlayNOLA Sports and Entertainment Group Elizabeth Pogue
CAPTION : A NOEW 2014 attendee takes advantage of Q&A time with the speaker.
Adrienne Pon Pete Prados Precision Accelerators Pride Marketing & Procurement, Inc. Project Enterprise Propeller Levi Quaintance Donald Quintana Elinor Rand Erich Rapp Priscilla & James Reiss Remax Real Estate Laurie & Peter Ricchiuti Marie Richoux Joseph Ricks Maggie Riddell Robert Half Technology Mr. & Mrs. Marc Robert, II Olesya Robison Luis Rodrigalvarez Casey Matthews Rogers Bob Romero Michael Rosamond Joy & Jimmy Roussel Jeffrey Rugon Kenneth Saer Robert Saer Shelby & John Saer Salire Fitness & Wellness John Sarbeck Virginia Saussy Brooke Savage Helen Schneider Chris Schultz
Search Influence, LLC Seedco Financial Michael Seiden Allison Shapiro Eleanor & Dave Sharpe ED Shedlock Carli Simpson Jane & Bill Sizeler Colin Slaybaugh Small Business Resources Group, LLC Sonny Smith Louie Smothermon Geoffrey Snodgrass Jonathan Snyder Michelle Soliman E. René Soulé Beth Spreen St. Roch CDC Andrew Stone Elizabeth Stone Sheila Stone Thomas Stone Alison & Pierre Stouse Adrienne Stroble Debbie & Bill Strobel Tracy Stuardi Tom Stuart Kathleen Sullivan David Sylvester Tabasco Tales of the Cocktail Taryn’s Crab Cakes Factoy Taste and See Personal Chef Service
Zubin Teherani Jordan & David Teich Michael Tepper Terk Consulting Preston Tesvich Textile Management Systems Sten Thornburg Tierra Resources, LLC Gregory D. Tilton Jr. Tizm, LLC Leah Todd Thomas Todd Rosalie Torres Transoceanic Trading & Development Co. Tribute Keepsakes, LLC
Michael Tubbs Tulane Entrepreneur Association (TEA) Kim Tuleu TurboSquid Katy Turnbull Bobby Uddo Urban League of Greater New Orleans Melanee & Steven Usdin Maurer Van Voorthuysen Megan Victoria Scott Villa Gary Vinturella ViSalus Sciences Meredith Walker
Tommy Waller Wallick Construction & Restoration, Inc. Sharree Walls Mish Warrier Annette Weathers Katherine Westerhold E. Burton White Nicole Williamson Joyce Wilson Wine Institute New Orleans Wisdom Communications Jaime Wright Terry Wynne Jackie & Richard Yancey Zack Smith Photography
Total Funding Secured: $ 2,073,194.00
In Kind Acme Oyster House Action Copy ARB Meetings & Events Barre3 Barrett Conrad The Canary Collective Cosmo PR Dark Roux Deloitte Ehrhardt Group Factor 10 FSC Interactive Glazer’s The International House Hotel
LH Creative Mama Roux Studio Search Influence TPG Capital Web Devrs Whole Foods Windward Strategy
The Idea Village has received a 4-star rating from Charity Navigator for sound fiscal management and commitment to accountability and transparency.
TOTAL EXPENSES: $1,965,732.00
FY2014: $1,771,057.00 | FY2015: $302,137.00*
Corporations
11%
Fees
28%
1%
Core Programs
13%
Fundraising
Foundations
General & Administrative
19%
Government
32%
64%
Individuals 24%
3%
*The total funding secured for FY2014 includes a 2-year grant from the EDA.
University
Special Projects
4%
NOTE: The above financials are unaudited. Our most recent audited financial statements are available upon request.
// 24
SEE OUR IMPACT Over the past six years (2009 – 2014), The Idea Village has provided direct support to
3,411
NOLA-based
entrepreneurs
by engaging over
2,600
= 100 PROFESSIONALS
PROFESSIONALS
68,543
consulting hours
$ 3 . 2 M +
In seed capital
$
to allocate
“The Idea Village doesn’t just foster entrepreneurship, they live it.”
- Desiree Young, VentureWalk Business Partners
// 25
CAPTION : New Orleans has become a laboratory of innovation and entrepreneurship. | Photo Credit: Mrachina, Jason. “New Orleans Riverwalk Panorama”.
“New businesses have accounted for virtually all net new job creation over the past 3 decades.� - The Kauffman Foundation
149 OF THE 3,411 ventures supported
have been selected into core accelerator programs.
Collectively, they have created over
and generate
$85M
in ANNUAL REVENUE
New Orleans. 2012. Flicker.com. Web. 1 Sept. 2014.
OVER
83
%
of our accelerator alumni are still in business.
1,200 JOBS resulting in an estimated
$105M
for the region each year.
in economic impacT // 26
Media Highlights
4/4/2014
New Orleans Festival Targets Lovers of Business Ideas
3/24/2014
5 Things We Can Learn From the Folks Bringing Startups to New Orleans
4/22/2014
With Turnout Growing for NOEW, Idea Village Looks to get the City More Invested
1/1/2014
A Creative Comeback in the Big Easy
9/4/2013
Commerce Secretary Touts Power of Small Businesses in Idea Village Visit
3/25/2014
Over the course of the 2014 Season, The Idea Village secured over 222 media mentions valued at $3.3 million+, including articles in USA Today, Forbes, NationSwell, and Entrepreneur Magazine.
In New Orleans, ‘Tis the Season for Startups
Speaking Engagements
This year, we strategically grew our Twitter following to over 10,000 -- and #NOEW2014 alone received over 15 million impressions on Twitter between March 20th and April 4th.
The Idea Village has been actively participating in the local and national dialogue on building and sustaining entrepreneurial ecosystems. In 2014, team members participated in 45 unique speaking engagements including: Google for Entrepreneurs’ Partner Summit, the Global Innovation Summit in Silicon Valley, where The Idea Village was recognized as one of the top 3 ecosystem developers in the world, and the Young Investors Organization. // 27
2018 Vision: By 2018, the city’s 300th birthday, New
Orleans will have a self-sustaining ecosystem that attracts, supports, and retains entrepreneurial talent.
CAPTION : A mural of this vision is the focal point of The Idea Village office.
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WWW.IDEAVILLAGE.ORG | @IDEAVILLAGE