2016 Season Impact Report

 

THE IDEA VILLAGE

Advance the movement:

LOOKING BACK
TO MOVE FORWARD.


The Idea Village celebrated some significant milestones in 2016, making it a banner year. We allocated more than $1.8 million in capital, consulting, and resources to 143 entrepreneurs; our alumni founders surpassed $100 million in private capital investments and grew their businesses to support more than 2,900 local jobs; and New Orleans Entrepreneur Week (NOEW), presented by IBERIABANK, grew in attendance by 25%.

All of this success is thanks to our supporters — our board, our advisors, our donors, our partners, our entrepreneurs, our alumni, our staff, and you. This is our village, and we’re grateful that you’re a part of it. I’m proud of the work we’ve done together, and I’m thankful for your role in making it possible. I especially want to recognize the leadership and support of the IV100, a group of forward-thinking corporations, foundations, and individuals who are committed to our mission and provide critical core funding. Together, we have helped thousands of local businesses get off the ground, solidifying entrepreneurship as a critical part of New Orleans’ culture — but our work is not yet complete. We must work harder, stand stronger, and push the envelope further.

The Idea Village is committed to advancing New Orleans’ entrepreneurial movement by delivering world-class expertise and resources to local start-ups, investing in the diverse people and unique sectors critical to our community, and strengthening our ecosystem by cultivating an expanded, inclusive, and collaborative network. Please explore and share this interactive report to learn more about our community and to reflect on the progress we’ve made together. We hope you’ll be inspired to invite others to join our village so we can all build a better New Orleans for generations to come.

Emily Madero, Acting CEO

ABOUT THE IDEA VILLAGE

The Idea Village is committed to sustaining and advancing the local entrepreneurial movement by providing direct services to entrepreneurs, engaging the community, and supporting initiatives that leverage entrepreneurship to catalyze change.

PURPOSE

To build a thriving New Orleans through entrepreneurship.

MISSION

To identify, support, & retain entrepreneurial talent in New Orleans.

VISION

New Orleans will be the hub of entrepreneurship in the South.

OUR IMPACT ON NEW ORLEANS

Founded in 2000, The Idea Village formalized in 2002 as an independent 501(c)(3) nonprofit dedicated to engaging our community in embracing innovation, entrepreneurship, and new thinking. The Idea Village has established itself as a globally recognized leader in developing place-based entrepreneur ecosystems. As a result, New Orleans is:
top 0%
of best cities to start a business
(WalletHub)
0%
higher startup rate than national average
(The Data Center)
#10
biggest brain magnet in America
(Forbes)
1 of 0
hottest startup hubs in America
(The Kauffman Foundation)

TOP STORIES OF THE 2016 SEASON

During the 2016 Season, we witnessed our efforts come to life as our organization, our alumni, our partners, and our city achieved great things.

$0

capital, consulting, & professional
resources allocated

0

NOLA-based entrepreneurs
supported

0

entrepreneurs supported through our 4 accelerator programs

$0

in direct grants allocated
to 14 local entrepreneurs

IDEAx

IDEAx is an intensive, industry-agnostic 12-week accelerator program for New Orleans-based founders focused on creating scalable and fundable businesses.

2016 IDEAx Companies:

DIGITALMEDIAx

A joint project of The Idea Village and NOLA Media Group, DIGITALMEDIAx is a 12-week accelerator program for New Orleans founders with solutions that empower, engage, and inform a local audience by providing innovative information solutions readily accessible on a mobile platform.

2016 DIGITALMEDIAx Companies:

Culturalyst & TOURED won the NOLA Media Group prize of $1,000 in cash, 3 months of free office space in NOLA Media Group’s One Canal Place newsroom, and a networking roadshow in New York City sponsored by Advance Local.

ENERGYx

A joint program with the Southeast Louisiana Energy Initiative and The Idea Village, ENERGYx is a 12-week accelerator program for early-stage, Louisiana-based companies operating in the oil and gas industry.

2016 ENERGYx Companies:

CAPITALx

CAPITALx is a 10-week, invitation-only accelerator program for select high-growth, New Orleans-based founders who are actively seeking funding. We help participants carefully think through opportunities and prepare for raising capital. The 2016 program culminated in valuable pitch opportunities during New Orleans Entrepreneur Week including Demo Day @ NOEW and the Coulter IDEApitch.

2016 CAPITALx Companies:

MobileQubes, Quarrio, and Torsh participated in the Coulter IDEApitch at NOEW. IDEApitch is the premier entrepreneur showcase event in New Orleans, featuring the best early stage, capital ready companies. For the first time this year, the winner, MobileQubes, was determined by audience vote.

OUR ENTREPRENEURS-IN-RESIDENCE

Meet the people who made it all happen.
Hank Torbert
Hank Torbert
EIR - ENERGYx
Torbert, a partner at RLMcCall Capital Partners, has spent the last 20 years in private equity and corporate finance. He has deep industry experience in oil and gas, alternative energy, transportation and technology, and he has played a key role in the launch and expansion of numerous businesses in industrials and other sectors. His specialties include private equity, business development, operations management, corporate restructuring, investment selection and analysis, due diligence, and financial engineering. Over the last few years, he has supported and mentored startups and early-stage ventures through his EIR roles at Georgetown University's McDonough School of Business and The Idea Village.
J. Anthony Miguez
J. Anthony Miguez
EIR - IDEAx
A serial entrepreneur, Miguez has been working with early-stage companies for nearly two decades. He was head of strategy for Zurich Scudder’s venture capital group, where he led the development and implementation of the firm’s eFinancial Services investment approach. He works as both an advisor and member of numerous investment funds, angel investors, and promising startups. Back for his second year as IDEAx EIR, his specialties include competitive assessment, business model development, customer development, investor segmentation and approach, and investor pitch prep.
Megan Hargroder
Megan Hargroder
EIR - DIGITALMEDIAx
Hargroder, Co-founder of Conversations, LLC, is dedicated to helping startups create digital and social media strategies that work. With a robust background in broadcast journalism, video production, and communications, she’s worked with over 100 businesses and individuals including, local hero Steve Gleason, nonprofits like the Junior League and the League of Women Voters, New Orleans retailers like Earth Savers and Jean Therapy, and campaigns like Partners for Healthy Babies, and Tobacco Free Living.

PROGRAM TESTIMONIALS

Hear what our entrepreneurs have to say.

The proof is in the numbers: from the total attendance to the amount of featured entrepreneurs to the number of partners engaged, the festival has seen tremendous growth.

PROPERTY FEATURES

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FRESHLY PAINTED

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GARDEN AREA

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THEATER ROOM

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FURNITURE INCLUDED

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WORKOUT ROOM

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MOVE IN READY

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Meet the Village that turns crazy ideas into reality.

Our Board of Directors

Meet our team captains, who guide our efforts and elevate entrepreneurial activity in New Orleans.

Our Chairman’s Advisory Board

Meet our honorary advisory committee that helps to champion entrepreneurship.

John Payne: Chairman
CEO, Caesars Entertainment Operating Company

Patrick Comer: Vice-Chairman
Founder and CEO, Lucid

Margaret Beer
Marketing/Director of Community Giving, IBERIABANK

Michael Brown
Vice-Chairman and COO, IBERIABANK

Kevin Clifford
CEO, American Funds

David Darragh
President and CEO, Reily Foods Company

Steve “Sig” Greenebaum
Festival Director, C3 Presents

Tara Carter Hernandez
President, JCH Development

Bill Hines
Managing Partner, Jones Walker

Chris Laibe
Founder, StaffInsight

Merritt Lane
President and CEO, Canal Barge Company, Inc.

Kristin Lemkau
Chief Marketing Officer, J.P. Morgan Chase

Ti Adelaide Martin
Co-proprietor, Commander’s Palace

Amith Nagarajan
Co-founder, Abstraction Ventures

Wendell Pierce
Actor

Tim Ryan
Consultant

Michael J. Siegel
SIOR President and Director of Office Leasing, Corporate Realty

Warner Thomas
CEO, Ochsner Health System

Robbert Vorhoff
Managing Director, General Atlantic

Tim Williamson
President, NOLA Media Group and Co-founder, The Idea Village

E. Tiffany Adler
COO, Adler’s

Taylor Beery
Principal, Beery Advisors

Allen Bell
Partner, TopSide + Co-founder, The Idea Village

Brian Bordainick
Founder, Dinner Lab

Andre Champagne
Founder, Hollywood Trucks

Kirk Coco
Founder, NOLA Brewing Company

Daryn Dodson
Calvert Funds

Joel Dondis
Founder, Sucre

Sally Forman
Author + Co-founder, The Idea Village

Erik Frank
Founder, Your Nutrition Delivered

Sam Giberga
Senior VP and General Counsel, Hornbeck Offshore Services + Co-founder, The Idea Village

Michael Gollner
Managing Partner, Operating Capital Partners, LLP

David Guidry
President and CEO, Guico Machine Works

Yvette Jones
Executive VP of University Relations and Development, Tulane University

Sal LaMartina
Founder, Big Easy Blends

Brent McCrossen
Founder, Audiosocket

Jennifer Medbery
Founder, Kickboard

Suzanne Mestayer
CEO, ThirtyNorth Investments

Stephen Perry
CEO, New Orleans Convention & Visitors Bureau

Kenneth Purcell
CEO, iSeatz

Mark Romig
CEO, New Orleans Tourism Marketing Corporation

David Sylvester
Partner, Fitzgerald & Rhodes LLP

Jimmy Treuting
CEO, Farm Dog, LLC

Robbie Vitrano
Co-founder, Trumpet, Naked Pizza, and The Idea Village

Hugh Weber
President of Business Operations, New Jersey Devils

Matthew Wisdom
CEO, TurboSquid, Inc.

Donors

Penny & Jim Coulter
Economic Development Administration
Ewing Marion Kauffman Foundation
IBERIABANK

Anonymous
Blackstone Charitable Foundation
Michele Reynoir & Kevin Clifford
GE Digital Solutions Technology Center

Baptist Community Ministries
Cox Business
French Market™ Coffee
Jones Walker
JPMorgan Chase & Co.
LookFar
New Orleans Convention & Visitors Bureau
NOLA.com | The Times Picayune
Small Business Administration
Solomon Group

AOS
Downtown Development District
Gillis, Ellis & Baker, Inc.
Ochsner Health System
Stone Pigman Walther Wittmann LLC

Baldwin Haspel Burke & Mayer, LLC
Beam Suntory
Margaret & Ken Beer
Robert S. Boh
Boysie Bollinger
Chaffe McCall
Corporate Realty
Goldman Sachs 10,000 Small Businesses
Goldring Family Foundation
Hollywood Trucks, LLC
Eugenie and Joseph Jones Family Foundation
Keller Family Foundation

Elly & Merritt Lane
Ti Martin
Emily & Jordan Marye
New Orleans Tourism Marketing Corporation
Pan-American Life Insurance Group
Debra D. & Rick S. Rees
Pixie & Jimmy Reiss
Salesforce.org
Second Line Stages
Standard Mortgage Corporation
Jenny & Robbert Vorhoff
WPO Patriot Chapter of New England

Bellwether Technology
Kia & Christy Brown
Leslie & Charles Carriere
Cathy & Rivie Cary
Chaffe & Associates, Inc.
The Domain Companies
EY
Alan Franco
Freeport McMoRan Foundation
Frilot Forward
Katherine & Tony Gelderman
Intralox
Leslie & Scott Jacobs
Laitram
Laz Parking LLC

Lowe Stein
Loyola University
Lucid
mumms Software
Roger Ogden
PosiGen
Postlethwaite & Netterville
Rouses
Sage
Kitty Sherrill
Hugh Uhalt
Jennifer & Doug Walner
Whitney Bank
Mary Freeman Wisdom Foundation
Working Californians

Gail & John Bertuzzi
Suzanne & Michael Brown
Mr. & Mrs. Thomas Coleman
Edie & David Darragh
Joel Dondis
Shaun & Foster Duncan
Sally & Ron Forman
Heidi & Tripp Friedler
Jill & Sam Giberga
Greater New Orleans Foundation
David Guidry
Maureen & Whit Huguley

Caroline & David Johnson
The Kabacoff Family Foundation
John Koerner
Sally & Jay Lapeyre
Mr. & Mrs. J. Thomas Lewis Fund
Marty Mayer
Sean Meenan
Suzanne & Michael Mestayer
Linda & Michael Miller
Michael Mimeles
Leigh & Robby Moss

Machelle & John Payne
Mr. & Mrs. R. Hunter Pierson
Emily & Kevin Ryan
Timothy P. Ryan
Aimée & Mike Siegel
Smashing Boxes
tasc Performance
Linda & Warner Thomas
James Treuting
Mr. & Mrs. St. Denis J. Villere, III
Jill & Burton White
Ginny Wise & Kevin Wilkins

Adams and Reese LLP
Adler’s
Audiosocket
Better Day™ Health
Big Easy Blends
Carole B. & Kenneth J. Boudreaux Foundation
Canal Barge Company, Inc
ChapterSpot
DinnerLab
First NBC Bank
Geocent
Greater New Orleans Hotel & Lodging Association
Alexander Habit
Hibernia Bank
inFRONT

iSeatz
JCH Development
Kickboard
KPMG LLP
Kushner LaGraize, LLC: Certified Public Accountants and Consultants
Adrien Lanusse & Ken Cerniglia
LEBLANC + Co.
Liberty Bank
Ann Meese
Mignon Faget, Ltd
Alice & David Mount
Amith Nagarajan
NOLA Brewing Company
The NOLA Foundation

Place St. Charles
Propeller: A Force for Social Innovation
Peggy Rosenthal
J. Kenneth Saer
Chris Schultz
Servato Corp.
Spectrum Interactive
Stifel
Susco
Theodent
Tierra Resources
Trumpet
TurboSquid
Windsor Court Hotel
zlien

Active Solutions, LLC
Lauren Baum
Linda & Neil Baum
Bob Brickman, P&N CPA’s
Dorothy Clyne
Deutsche Bank Wealth Management
John S. Gray
Sig Greenebaum
Joe Guarisco
Kristal Huggins
Rose Kuhnau
Marrero Land & Improvement Association, Limited

Mr. & Mrs. Peter Moss
Kai Nuñez
Peter Mayer Advertising
PMG LLC
Laurie & Peter Ricchiuti
Mr. & Mrs. Robert H. Saer
PK Scheerle
Palma Strand & David Sylvester
Keith Wargo
Jackie & Richard Yancey

Anonymous
Allison & Jon Atkinson
Bill Black
Cajun Fire Brewing Company
Denise & Brian Danos
Sara Thomas & Ajay Deshpande
Helen Dietz & David Mimeles
Monique Gougisha Doucette
John & Patty Elstrott Fund
Eskew+Dumez+Ripple
Frederic Lyon
Lynn Lyon
Carol Markowitz
Todd Mashburn
Monique & Bob McCleskey

Michael Miller
Rupa Mohan
Michelle Molina
Lavonzell Nicholson, PLAYNOLA Sports
Alan Philipson
Allison & Pierre Stouse
Gerard Ramos, Revelry Labs
Mike Ricks
Harlan Schwartz
SeaTurtle Sports
Family of James H. Stone
Terk Consulting Business Plans
Shaw & Ann Thompson
David Waller
Tim Williamson
Your Nutrition Delivered


Cameron & Pierce Adams
John Alford, III
Amazon Smile Foundation
Josh Anderson
Anonymous
Paige Arnof-Fenn
Kate Barousse
Liz Beeson
Julie Benton
Marcia Bernal
Reba Joy Billips
Julia Bland
Julie Benton
Amber Boudreaux
Ashley Bourg
Madeline Brewton


Mark Burlet
Lorenzo Castillo
Rebecca Conwell
Drew Cooke
Gloria Cooper
Anne-Marie Crifasi
Steven Debrueys
Alfred Delaune, Jr.
Katie Dignan
Lisa DiRe
Derek Dupuy
Neil Farnsworth
Erik Frank
Ambur Fusilier
Ralph Gaspard
Alexander Glustrom

Krishnan Gopal
Bernard Hayman
Joseph Heckman
Mary Kay Herman
Jean Herman
Lisa Hess
Ian Hoch
Sarah Hoffman
John Huttenberger
Marlo Jeansonne
Gavin Jones
Uchechi Kalu Jacobson
Michael Karam
Megan & David Kepper
Heather Klinkenberg
Jack Kraus

Julie Kuchta
Lelia Lambert
Emily Madero
Jacqueline Madrigal
Kerry Maloney
Katie Mashburn
Timothy Mashburn
Terry McAuliffe
Mr. and Mrs. Robert C. McIntyre
Ted McKie
Lynn McLean
Patricia A. McWhorter
Shaun Mena
Kat Milligan
Bill Mimeles
Whitney Mitchell

Karen Moore
Kyle Oblinger
Robert O’Hara
Kristine Oines
Tyler Ortego
Jacob Peters
Jennifer Philpot
Frank Rabalais
Travis Riehlmann
Emily Rebert
Alex Reed
Ting-Ting Rivers
Victoria Romaguera
Bruce Saltalamachia
Jason Schayot
Angie Scott

Carley Self
Christy Sevante
Stark Shapleigh
Chris Shockley
Curry Smith
Susan Hess
Genevieve Tax
Patricia Thibodeau
Katrina Turillo
Elora Turner
Michael Vinsanau, Jr.
Marian Wallis
Maxwell Walters
Adam Warren
Charles Whitman
Kelley Williams
Mariann Wilson

Created and designed by Molly Horton for The Idea Village