Welcome!

News Feed Item

Risingstars Boot Camp Presented by Techstars Brings Top Entrepreneurs and Investors to New Orleans to Mentor Minority Entrepreneurs as Part of PowerMoves.NOLA July 3-5

Participating Boot Camp Entrepreneurs Will Also Be in the Running for a $50,000 PowerMoves.NOLA Fellowship, a $25,000 Cash Award, and Up to Five May Be Selected for Risingstars Mentorship Program

NEW ORLEANS, LA -- (Marketwired) -- 06/12/14 -- Some of America's leading entrepreneurs and investors will mentor 20 early-stage minority entrepreneurs participating in the Risingstars Boot Camp presented by Techstars, an intensive, two-day session that serves as one component of the new, multi-faceted PowerMoves.NOLA initiative to be held July 3-5 in New Orleans. PowerMoves.NOLA was created to provide access to capital, mentors and advisers for high-growth minority entrepreneurs. The goal of the Risingstars Boot Camp presented by Techstars is to extend startup opportunities to demographic groups that are currently under-represented in the technology startup community.

Mentors participating in the Risingstars Boot Camp will include:

David Drach, Vice President of Business Development, Techstars. Drach is responsible for corporate relationships at Techstars and helped build the powered by Techstars programs. Previously Drach was Managing Director of the Emerging Business Team at Microsoft, focusing on startup and venture engagement across XBOX, Windows, Office and Bing. Drach helped create and grow the Microsoft BizSpark, BizSpark + and BizSpark One startup offerings from Microsoft. Dave helped build Great Plains Software which exited to Microsoft for $1.2B.

Fred Hutson, Founder and CEO of Pigeonly. Fred used his time behind bars for trafficking marijuana to plan and develop a business idea that would affect the lives of people no one else was paying attention to -- inmates. He founded Pigeonly, a platform that identifies and organizes data on the nations's incarcerated. Pigeonly has raised $2 million dollars in venture capital funding and currently employs 12 people and is growing. Fred is an alum of the Techstars Risingstars Program.

Jerry Johnson, Managing Director of RLJ Equity Partners, a private equity firm focused on generating long-term capital appreciation by investing in profitable and growing businesses founded in 2006 by Robert L. Johnson and The Carlyle Group. He joined RLJ Equity Partners from American Capital, a publicly traded alternative asset management company with more than $20 billion of assets under management. Previously, Johnson was with Bank of America and also served as a White House Fellow and Special Assistant to the Secretary of Defense.

Shaun Johnson, Co-Founder of the Startup Institute. Shaun Johnson is a technologist, early adopter and helper of people. He is the co-founder of Startup Institute, an edtech company equipping individuals with the skills, access and mindset needed to make an immediate and positive impact on the startup venture they join. Startup Institute has locations in the US and in Europe. Shaun also serves as an entrepreneur-in-residence at Georgetown University's Entrepreneurship Initiative.

Tuan Pham, Director of Techstars in Boston - Pham enjoys meeting and helping founders, and leveraging Techstars to build a more vibrant entrepreneurial Boston community. Prior to working with Techstars in Boston, Pham led Silicon Valley Bank's early stage practice in New York and Boston.

K.J. Singh, Director of Techstars in New York - Singh is currently the Director of Techstars, NYC. In his current role, he sits on the selection committee for Techstars NYC and advises companies on product/market fit, fundraising strategies and other strategic issues. Prior to Techstars, KJ was a management consultant with Booz & Company. Previously, he was an investment-banker with Redwood Capital Group and started his career at JPMorgan. He holds a BBA from the University of Michigan and an MBA from Columbia Business School.

One Boot Camp entrepreneur will be selected as a PowerMoves.NOLA fellow, and will receive a $50,000 investment, office space, technical assistance. One entrepreneur will also receive a $25,000 cash prize from PowerMoves.NOLA. In addition, up to five entrepreneurs will be selected to join the Risingstars mentorship program.

Boot Camp participants will receive intensive hands-on guidance and coaching on their business models directly from the mentors. Mentors will focus on all aspects of an individual participant's business model, including developing a strong business value proposition, selecting effective customer development strategies, achieving product/market fit, identifying early adopters and establishing sustainable revenue streams while controlling costs. The Boot Camp will culminate with a Demo Day presentation to potential investors. The event is provided to the entrepreneurs at no charge.

"With their collective knowledge of startups, and successful track records, this amazing group of mentors put together by Risingstars Founder Tom Chikoore will ensure that all participants walk away from the weekend as winners, with information and advice they can put into practice immediately," said Leslie Jacobs, CEO of the New Orleans Startup Fund. "At PowerMoves.NOLA, we are focused on supporting early-stage, high-growth, minority-led companies. Providing these tech entrepreneurs with high quality mentors to guide them is a great way to keep us moving toward that goal."

"Through Risingstars we are creating opportunities for those who are underrepresented in the tech startup community," said Risingstars Founder and Director, Tom Chikoore. "We're fortunate to have a highly qualified group of mentors -- and partners like PowerMoves.NOLA -- who are equally committed to supporting entrepreneurs."

About PowerMoves.NOLA
PowerMoves.NOLA is a national initiative designed to increase the number of America's venture-backed minority businesses by leveraging the entrepreneurial ecosystem, resources and culture of New Orleans. This year, PMN will offer an intense two day Risingstars boot camp presented by Techstars for twenty early stage tech entrepreneurs of color and three pitch events for twenty high growth, minority-founded startups. Over the weekend, these forty entrepreneurs will pitch their ideas, expand their networks, and foster connections and relationships that will help them grow their businesses. And in providing this forum, PMN will showcase the innovation a diverse entrepreneurial community can provide America.

Headquartered in New Orleans, PowerMoves.NOLA's mission is to address the generational challenges of wealth and economic development with innovative ideas, fresh approaches, and an overall commitment to equity and diversity as a growth strategy.

About Techstars
Techstars is the #1 startup accelerator in the world. Once a year in each location, Techstars funds about 10 companies and surrounds them with about 100 of the best and brightest web entrepreneurs and investors in the world. So far, about 80% of the companies that have been through Techstars have subsequently raised a total of about $500M in angel or venture capital, and 24 of them have already been acquired.

The Techstars Risingstars program extends technology company startup opportunities to demographic groups that are currently underrepresented in the technology startup community.

Contact:
Lynn McReynolds
410-268-0275
McReynolds Elek Communications
Email Contact

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
Internet-of-Things discussions can end up either going down the consumer gadget rabbit hole or focused on the sort of data logging that industrial manufacturers have been doing forever. However, in fact, companies today are already using IoT data both to optimize their operational technology and to improve the experience of customer interactions in novel ways. In his session at @ThingsExpo, Gordon Haff, Red Hat Technology Evangelist, will share examples from a wide range of industries – includin...
"We build IoT infrastructure products - when you have to integrate different devices, different systems and cloud you have to build an application to do that but we eliminate the need to build an application. Our products can integrate any device, any system, any cloud regardless of protocol," explained Peter Jung, Chief Product Officer at Pulzze Systems, in this SYS-CON.tv interview at @ThingsExpo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
With major technology companies and startups seriously embracing IoT strategies, now is the perfect time to attend @ThingsExpo 2016 in New York. Learn what is going on, contribute to the discussions, and ensure that your enterprise is as "IoT-Ready" as it can be! Internet of @ThingsExpo, taking place June 6-8, 2017, at the Javits Center in New York City, New York, is co-located with 20th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry p...
@DevOpsSummit at Cloud taking place June 6-8, 2017, at Javits Center, New York City, is co-located with the 20th International Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to wait for long developm...
"We are an all-flash array storage provider but our focus has been on VM-aware storage specifically for virtualized applications," stated Dhiraj Sehgal of Tintri in this SYS-CON.tv interview at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
Between 2005 and 2020, data volumes will grow by a factor of 300 – enough data to stack CDs from the earth to the moon 162 times. This has come to be known as the ‘big data’ phenomenon. Unfortunately, traditional approaches to handling, storing and analyzing data aren’t adequate at this scale: they’re too costly, slow and physically cumbersome to keep up. Fortunately, in response a new breed of technology has emerged that is cheaper, faster and more scalable. Yet, in meeting these new needs they...
"We're a cybersecurity firm that specializes in engineering security solutions both at the software and hardware level. Security cannot be an after-the-fact afterthought, which is what it's become," stated Richard Blech, Chief Executive Officer at Secure Channels, in this SYS-CON.tv interview at @ThingsExpo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
The IoT is changing the way enterprises conduct business. In his session at @ThingsExpo, Eric Hoffman, Vice President at EastBanc Technologies, discussed how businesses can gain an edge over competitors by empowering consumers to take control through IoT. He cited examples such as a Washington, D.C.-based sports club that leveraged IoT and the cloud to develop a comprehensive booking system. He also highlighted how IoT can revitalize and restore outdated business models, making them profitable ...
When it comes to cloud computing, the ability to turn massive amounts of compute cores on and off on demand sounds attractive to IT staff, who need to manage peaks and valleys in user activity. With cloud bursting, the majority of the data can stay on premises while tapping into compute from public cloud providers, reducing risk and minimizing need to move large files. In his session at 18th Cloud Expo, Scott Jeschonek, Director of Product Management at Avere Systems, discussed the IT and busin...
According to Forrester Research, every business will become either a digital predator or digital prey by 2020. To avoid demise, organizations must rapidly create new sources of value in their end-to-end customer experiences. True digital predators also must break down information and process silos and extend digital transformation initiatives to empower employees with the digital resources needed to win, serve, and retain customers.
In his general session at 19th Cloud Expo, Manish Dixit, VP of Product and Engineering at Dice, discussed how Dice leverages data insights and tools to help both tech professionals and recruiters better understand how skills relate to each other and which skills are in high demand using interactive visualizations and salary indicator tools to maximize earning potential. Manish Dixit is VP of Product and Engineering at Dice. As the leader of the Product, Engineering and Data Sciences team at D...
SaaS companies can greatly expand revenue potential by pushing beyond their own borders. The challenge is how to do this without degrading service quality. In his session at 18th Cloud Expo, Adam Rogers, Managing Director at Anexia, discussed how IaaS providers with a global presence and both virtual and dedicated infrastructure can help companies expand their service footprint with low “go-to-market” costs.
Get deep visibility into the performance of your databases and expert advice for performance optimization and tuning. You can't get application performance without database performance. Give everyone on the team a comprehensive view of how every aspect of the system affects performance across SQL database operations, host server and OS, virtualization resources and storage I/O. Quickly find bottlenecks and troubleshoot complex problems.
"Once customers get a year into their IoT deployments, they start to realize that they may have been shortsighted in the ways they built out their deployment and the key thing I see a lot of people looking at is - how can I take equipment data, pull it back in an IoT solution and show it in a dashboard," stated Dave McCarthy, Director of Products at Bsquare Corporation, in this SYS-CON.tv interview at @ThingsExpo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
"We are the public cloud providers. We are currently providing 50% of the resources they need for doing e-commerce business in China and we are hosting about 60% of mobile gaming in China," explained Yi Zheng, CPO and VP of Engineering at CDS Global Cloud, in this SYS-CON.tv interview at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.