Global Accelerator Network


  1. How Launch Pad Ignition is Changing the Face of the New Orleans Tech Scene →

    Post from New Orleans Tech

  2. Launch Pad Ignition: 2012 Class Revealed →

    Press from Silicon Bayou News.

  3. Ignition Internship Program →

    Want to work with NOLA’s next hot startups? Here’s how.

  4. New Orleans and Young Entrepreneurs: Nurturing Each Other →

    Looking for a supportive start-up community in which to launch your venture but hoping to skip the extreme competition of the likes of Silicon Valley? If you hurry, New Orleans may be the answer.

    —- From Inc. Magazine

  5. Launch Pad Ignition and Abstraction Ventures Partner to Provide Seed Funding to New Orleans Startups

    NEW ORLEANS, LA – January 11, 2011 – Launch Pad Ignition is announcing today a partnership with Abstraction Ventures to provide seed funding to select startups accepted into its accelerator program. Launch Pad Ignition is embarking on its second accelerator class in the spring of 2012, with the 12 week program commencing February 13.  

    In a shift from traditional accelerator models, Ignition is taking a stage-agnostic approach for 2012, allowing it to work with bootstrapped, pre-funding or angel funded companies.  Combining world-class mentorship with a bootcamp-like intensity, the program focuses on helping companies demonstrate customer traction in just 12 weeks.

    Abstraction Ventures will invest the critical seed capital of up to $20,000 in select companies accepted into Ignition that have not yet raised funding. Amith Nagarajan, co-founder of Abstraction Ventures, will join the Ignition Advisory Board.

    “Launch Pad Ignition is focused on accelerating early stage startups and so are we. This partnership combines an excellent accelerator program with access to our seed-stage fund. The combination offers tremendous benefits for both organizations and most importantly for the entrepreneurs with whom we work.” said Amith Nagarajan. “We bet on smart people with great ideas, and we know at the earliest stage, entrepreneurs need an investor to believe in them. Launch Pad Ignition provides a great pipeline of interesting companies and the resources and support to position them for success.”

    “Abstraction Ventures has been the most active early stage investor in New Orleans over the last year and shares our philosophy of investing early in passionate founders who have a path to revenue and focus on execution” said Chris Schultz, co-founder of Launch Pad Ignition. “We are thrilled to have Abstraction as the funding partner for 2012’s accelerator class”

    About Launch Pad Ignition
    Launch Pad Ignition’s mission is to develop the New Orleans start-up ecosystem and to create rich connections between start-up founders and its mentor network of entrepreneurs, experts and investors from across the US.  In 2011, Ignition funded 6 companies and built a network of more than 50 mentors and investors in New York and Silicon Valley.  The Accelerator program is housed and supported by Launch Pad, a co-working space in downtown New Orleans. Founded in 2010 by Chris Schultz, Peter Bodenheimer, Barre Tanguis & Will Donaldson, Launch Pad Ignition provides entrepreneurs the tools, community and support needed to move their business to the next level of growth. Learn more and get involved at

    About Abstraction Ventures

    Abstraction Ventures is a family fund formed formed to help early stage entrepreneurs translate their vision into commercially successful businesses. Abstraction provides both funding and guidance to early-stage, socially aware, high-potential growth companies. Abstraction’s portfolio is focused primarily on companies using technology in creative ways to accelerate growth, improve efficiency, or make new connections in traditional markets. Abstraction bets on smart people with great ideas. Learn more at  

    Contact: Chris Schultz,, 504-298-8884

  6. We’re attending the second installment of SANFRANOLA, a celebration of the commonalities, connections, and culture of New Orleans and San Francisco on Wednesday, January 25 at Public Works, located at 161 Erie Street.
RSVP here.
Bay Area entrepreneurs and digital media professionals are invited to experience the music of DJ Brice Nice and Lagniappe Brass Band, alongside complimentary food from Jambalaya Girl. In addition, there will be a brief presentation on the rise in entrepreneurial and digital media activity in Southeast Louisiana and the opportunities that exist for Bay Area startups to participate in attractive business incentive programs and connect with like-minded individuals in their industries.

    We’re attending the second installment of SANFRANOLA, a celebration of the commonalities, connections, and culture of New Orleans and San Francisco on Wednesday, January 25 at Public Works, located at 161 Erie Street.

    RSVP here.

    Bay Area entrepreneurs and digital media professionals are invited to experience the music of DJ Brice Nice and Lagniappe Brass Band, alongside complimentary food from Jambalaya Girl. In addition, there will be a brief presentation on the rise in entrepreneurial and digital media activity in Southeast Louisiana and the opportunities that exist for Bay Area startups to participate in attractive business incentive programs and connect with like-minded individuals in their industries.

  7. You Rule!

    Thanks for submitting your application! We’ll be reviewing them as they come in and will contact you with any questions and/or follow-up. 

  8. Sneak Peek - Multi-Device Deployment Using GBS


    Sneak Peek - Multi-Device Deployment Using GBS from Lavon Woods on Vimeo.

    I’ve recorded a short clip of the Asteroids demo game running on the iPad, Blackberry Playbook, and on the desktop. If I had more devices at hand I would have included them all in the video. But this is just a little teaser of what you will be able to do with GameBuilder Studio soon. No one has made this an easy process until now! You can even deploy to iOS from a Windows computer :). No need to buy a 2k Mac computer.

  9. Behind the Scenes: How Fab Raised $40 million with a lot of data and not much pain


    Let’s face it, fundraising can be a real pain in the ass for the entrepreneur.

    It takes up a ton of time that can be otherwise spent managing the business.

    Sure, it’s a necessary evil, but it’s also typically a big distraction.

    It’s also a lot like dating. You have to go on a lot of first dates before you can move on the to the second, third, fourth, and then hopefully marriage. The worst thing you can do is slut around. It wastes a ton of time, can damage your reputation, and doesn’t get you far.

    When we decided to raise a large round of financing for Fab in October, my biggest concern was that it would divert our management team’s time and attention away from running the business at a critical time, as we were simultaneously scrambling to prepare for our first holiday season at Fab. Yet, our numbers were really good, the business was accelerating exponentially, and the investment climate was strong for businesses with traction like ours. I also feared that Europe could collapse at any moment, so while we didn’t exactly need funding in 2011, waiting to 2012 scared me. So, we decided to wade in. 

    As our “one thing” at is design, I put a lot of thought and consideration into how we might design our fundraising process differently from the norm, so as to optimize around time spent fundraising vs. running the business, and to quickly hone in on who we wanted to marry.

    The typical VC dog and pony show goes like this:

    1. VC’s approach company or Company approaches VC’s. Often this starts with an associate at the VC firm pinging the entrepreneur. That’s their job, to build deal pipeline, evaluate companies, and then hopefully engage a partner when they find something interesting.
    2. VC’s ask company to send over a deck by email.
    3. VC’s invite company to pitch at the VC’s offices.
    4. Company presents the deck on the company: vision, market, strategy, progress to-date, plan. It’s mostly high level stuff at first.
    5. VC’s ask questions.
    6. Company responds.
    7. VC considers next steps.
    8. If no, company never hears from VC again.
    9. If yes, interest, company is asked to come visit again and educate more partners.
    10. If yes, interest, company is asked to provide a data dump of financials, models, projections, etc.  An analyst or associate at the VC firm digs in to study the models, poke holes, challenge.
    11. If yes, interest, company is asked to spend many more hours discussing models, providing further analysis.
    12. If yes, interest, company meets with the entire partnership.
    13. Final Yes / No decision.

    Now, imagine doing that same process simultaneously with 3 firms for 6 firms or 10 even. The whole process can take A LOT of time and brainpower that otherwise could be spent running the business. The worst part of it is going on a lot of first dates, and then second dates, before really diving into the details that really make up the business.

    Having gone through this process a few times in my career as a “serial entrepreneur,” one thing I’ve always been amazed by is that the VC’s typically don’t dig into the hard core numbers behind the business until near the end of the process. It’s mostly a lot of team + vision to start, numbers to follow. That makes sense from the standpoint of it takes a great team and a great vision to build a great business, but the numbers also need to add up. 

    Here’s what we did differently with Fab’s recent round.

    From August through September I received more than a dozen inbound requests from VC’s to meet to get to know me and Fab.  I politely put each of them off with the same message: “Thanks so much for your interest. Sorry, but we’re really heads-down right now running the business. Will circle back to you when we’re ready to have a serious chat about fundraising in the near future.”  (Note to entrepreneurs:  NEVER meet with VC’s unless you are 100% ready to fundraise. They may say they just want to get to know you but they are always evaluating every interaction with you. If you’re not ready, it will show. And it’s a waste of your valuable time to talk to potential investors when you’re not serious about raising.)

    In October we decided to get serious about raising our round.

    I set out a plan to try to design our fundraising process such that it would:

    1. Take up as little of my time as possible.
    2. Take up almost no time from my management team. I needed them focused on getting people the best design objects in time for the holidays.
    3. Quickly accelerate the process by focusing more on finding the right team to marry vs. going on a lot of dates. I defined a “good marriage” as a firm that really understood and appreciated our business, and who met the 3 criteria below.

    We put together a forecast for how much capital we would require. At our current run-rate, it’s no doubt that we’ll hit $100M in revenue fairly soon. The challenge was to model out how much additional investment we’d require to quadruple that in the next few years.  (Note to entrepreneurs: You need to really know your customer acquisition metrics and customer lifetime value equations in order to create a viable model. So much of your model will depend on how much you have to spend to acquire members and then the percentage of them that buy from you over time. You need to be deep in the details on cohort analysis and payback periods for all investments you plan to make).

    Before engaging any firms, I then developed a strategy with our board members to identify the 5-8 firms we thought best fit our criteria.  In our case, we were looking for a unique blend of:  

    1. Venture Growth Capital.  We needed an investor partner who could write a big check on their own (e.g. $25 - 30M), while still understanding that our business is relatively early stage as we had just launched 6 months prior.

    2. Recently Active in Hot Companies. I really wanted a partner who had a recent track record picking winners. The consumer Internet moves so quickly. I wanted to work with a firm — and particularly a partner at a firm — who was at the forefront of recent trends, not playing catchup.

    3. Got E-Commerce Scaling. We’re a rapidly growing e-commerce company. We needed a partner who understood our business dynamics and could help us scale it up. 

    We narrowed our list down to about 7 firms.

    When we decided in October that we would be raising a large round for, one of the things I was most concerned about was spending too much time raising money vs. preparing Fab for the holiday season. The last thing I wanted to be doing going into our first Fab holiday - nor could afford doing without detrimentally impacting our business - was to spend the majority of my time in VC meetings and preparing for VC meetings. 

    So, we designed a different approach to engaging the VC’s.

    The big thing we did differently was to send each of the potential investors a login to our RJ Metrics Dashboard before we agreed to meet with them. We requested that each potential investor login and review our RJ data and decide for themselves if they wanted to learn more about Fab. 

    For those of you not familiar with RJ Metrics, you need to be.  Basically, RJ Metrics is the best business intelligence dashboard for startups on the market.  If I were a VC, I would demand that every startup send me their RJ login before meeting with them.

    RJ Metrics works as follows. You spend a couple of hours connecting your production database to RJ Metrics and then it spits out the most amazing graphs and charts on all facets of your business. It updates every couple of hours based on your actual production data. As a dashboard it’s fantastic, but the real power of RJ is in its cohort analysis — RJ enables you to effectively monitor each cohort of users by join date and then then evaluate their revenue contribution, payback periods, engagement levels, and lifetime value. 

    From a fundraising standpoint, providing access to the RJ data basically said to the VC’s, “here we are, here’s the data, we’ve got nothing to hide, take a look and decide for yourself if you want to pursue investing in Fab.”  Effectively, we turned the pitching on its head.  Since the RJ data updates several times per day directly from our database, it was many times more powerful than providing powerpoints and excel spreadsheets. This was the real stuff, auto-updating!  And, since RJ enables all the data to be downloaded into excel, the analysts at the VC firms were able to do all of their own analysis on the front end of the investment process.

    This enabled the VC firms to get themselves educated on our progress

    And, it then teed up a series of well-educated discussions with the VC’s around the next level of data analysis, e.g. trends amongst cohorts, time to 1st purchase, and repeat purchase rates.

    And, it made the vision stuff less of a ppt deck, and more of an expression of what we’re all about:

    As you see, the slides became more launching points for discussions, than the meat itself — because we had already served up the entree for the them to digest up front.

    In the end, we had many firms that wanted to invest in Fab. The process worked well for us because we were able to pick the partner we wanted to work with to scale our business while not allowing the process itself to disrupt our operations and eat away at our ability to continue executing. And, we cultivated educated VC’s who really understood the fundamentals of our business. Remember those 13 typical steps in the VC process from above? We managed to shrink them down to about 4.

    Not every entrepreneur is as comfortable as I am with putting all the data out there. To be honest, I wasn’t this comfortable sharing the data either my first few times raising money.  Having gone through it a few times now though, my philosophy on this today is simple:

    The data is the data is the data. If you can’t measure it, it never happened. Any investor worth their salt needs to understand your data before they invest, or you don’t want their money anyway. So, put it all out there. If the data is good, it’ll speak for itself, and then you need to tell the story of how it gets even better. If the data isn’t good, well, then you need to tell a story of how you are going to turn it around. Either way, the data is the data is the data.

    One final note. I’m just thrilled that we’re working with Jeff Jordan and the team from Andreessen Horowitz.  Jeff and his partners — more than any other firm we talked to — really jumped right into the data, digested it, analyzed it, and then quickly focused on how they could work with us to realize our big vision.  In the end, we didn’t focus on valuation much at all, rather we picked the firm we really wanted to get married to and work with to grow our business.  Jeff and team met our criteria and then some.

    I hope this was helpful.

    p.s. I’m such a big fan of this RJ Metrics stuff that I recently asked them to let me invest in them. More on that later.

  10. Last night at the 3-2-1 Ignition info session for our 2012 class we presented this deck.  We had a terrific turnout, if you weren’t able to make it, please feel free to email us if you have questions about the structure of this years program.