Forming mentor relationships, fundraising, growing sales, and adding talent are just some of the accomplishments the student teams in this summer’s cohort achieved.
Seven student-led startups participated in the Blackstone LaunchPad powered by Techstars Lift program. Although they were far from new to the entrepreneurial experience, the second cohort grew and advanced in their abilities and potential.
Some of the teams, like Sondr, realized important milestones around rebranding, business setup, registration, and customer discovery. Others, like Antithesis and Ridesurf, developed their pitch deck, confirmed and conducted investor presentations, and even raised capital. Several teams grew brand and generated product awareness, like Aviate Audio did at an international tradeshow. Others, including ROSEN Skincare, grew revenue through a new subscription sales model. One final area of achievement was production, with three teams, like May West, building relationships with industry manufacturers.
“The Lift cohort has been incredible for Visos. In just a couple short months, we’ve made more progress than we could’ve possibly imagined,” said founder Matt Shumer. “We’ve raised initial funding, found our fit in the market, started working with potential clients, and have networked with some of the leading figures in tech. This wouldn’t have been possible without the Lift cohort, and our amazing mentors.”
The LaunchPad Lift program is a virtual cohort-based program where select student entrepreneurs receive individualized support and long-term mentorship to get their ventures further, faster. Student teams from LaunchPad campus programs are selected by a panel of Techstars and Blackstone executives. Over the course of the Lift program students are both matched with dedicated Techstars mentors based on their specific business and needs and also participate in bi-weekly Q&A calls with Techstars subject matter experts. The Q&A calls allow Techstars mentors to share their knowledge on a broad range of entrepreneurial topics, including fundraising, business structure, pricing models, sales, marketing, and more.
Students weren’t the only ones that found the program invaluable. Mentors learned from the LaunchPad student entrepreneurs and were impressed with their initiative, passion, and effort to take advantage of this unique opportunity.
Babak Kia, Lift Mentor and Professor of Electrical and Computer Engineering at Boston University, shared the following about the team he mentored: “Lift students had an incredible access to mentors, partners, and resources through the accelerator. I know that for instance as soon as Matt reached out for help on business model, product, or some other topic, the Techstars and Blackstone teams responded and delivered at an incredible pace!”
Lift participants will also get an opportunity to meet and interact with senior leaders at Blackstone. They will be able to able to present their business models to experienced business leaders, who helped them refine their strategies and expand their networks.
In addition to convening students and staff at world-class events like Lift or Propel, Blackstone LaunchPad powered by Techstars helps complement existing entrepreneurship on-campus resources. LaunchPad also coordinates off-campus opportunities for schools and students to expand their reach, increase their networks, and gain first-hand knowledge on entrepreneurship. More than 700,000 college students around the world have the opportunity to participate in LaunchPad, providing them with access to industry-leading mentors, vast networks of business experts, and the experience, skills, and brands of Blackstone and Techstars.