2019 IMPACT REPORTSTARTUP LAUNCH TECH SBDC
It was the end of a decade, but the start of an age. Thank you!
2019, a year of WINS!
T O P 3A R E A S O FA D V I S I N G
1 Business Strategy & Monetization
2 Technical Product Development
3 Marketing & Sales
21We hosted
training events
790jobs supported
190 jobs created + 600 jobs retained =
These services are provided at NO COST and NO EQUITY to our founders!
42Businesses
Started
$18M74 companiesin capital infusion between
That’s an average of $240K+ per company!
1,827Hours of high- impact advising
355+Startups received
one-on-one advising
129Monthly
advising sessions
3722 startups hired
L.A. Tech Talent Pipeline interns
Alm
ost 598 active startups participating in our
program= 100 startups
Talent is equally distributed. Opportunity is NOT.
Nearly 49% of our entrepreneurs are underrepresented in tech!
*Compared to the national average of 5% of tech incubators
0% 5% 10% 15% 20% 25% 30%
Female
African-American
Latinx
Asian
Founder DemographicsProgram Highlights
O U R I M P A C T A C R O S S T H E Y E A R S
#DiversityMatters #WeAreLA #WomenLeadingtheWay
10
20
30
40
50
60
70
2015 2016 2017 2018 2019
Black or African American LatinxAsian
50
100
150
200
250
300
350
2015 2016 2017 2018 2019
Females Served Clients Served
A F E W H I G H L I G H T S . . .
Posible LAPosible LA
¿Hablas español? We now speak seven languages across our advisory team. Bixel Exchange moderated panels at the biggest Latinx small business conference in L.A. Demystifying tech and succession planning were among the topics covered at Posible LA. We look forward to serving more bilingual companies across L.A.
Bixelite of the Year AwardBixelite of the Year Award
At our last coworking day of 2019, we held our first pitch-off competition. Credit Starter was awarded the Bixelite of the Year award for embodying the Bixel spirit in their company, mission, community involvement and impact.
O U R P U R P O S ETalent is equally distributed, opportunity is not. We empower ALL tech entrepreneurs to launch and sustainably scale their companies through no-cost, non-equity advising,
customized programming, and access to resources and community.
Bixel on the RoadBixel on the RoadThe Startup LAunch core team of three was spotted attending, hosting, speaking and participating in 70+ community events, conferences, workshops, and meet-ups across L.A. We continue to focus on what we do best, providing our founders with one-on-one advising and resources all across L.A.
Advisor ExpansionAdvisor ExpansionServing 400 companies a year is no easy task, but having diverse, passionate expert advisors is key to the work we do. That’s why in 2019, we expanded our advisory team from 15 to 40 advisors. The Bixel Advisory Team specializes in four core areas of growth: Product, Marketing, Team and Money.
Tracks, Tracks, TracksTracks, Tracks, TracksMeasuring our impact and startup progress is crucial to understanding the efficiency of our team, advisors and programming. This is why we classify our startups in three tracks: Early Stage, Mid Stage and Investor Ready. We help startups hit milestones efficiently!
O U R C O R E T E A M
O U R A D V I S O R S
Craig Wilson
Ed Lee
Lizzy Okoro
Austin Clements
Solamon Estin
Vikram Jadhav
Anastasia Tareh-Ellis
Robin Lee
Shirin Salemnia
Renee Cohen
Freya Estreller
Mark Kapczynski
Greg Toroosian
Jay Tsao
Frank Aguirre Stacy Cumberbatch
Jocelyn Graf
Daniel Kawah
Tova Mac
Eric Sarabia
Adam Chapnick
Wade Eck
Tina Hossain
Douglas Korte
Lauryn Nwankpa
Sonata Taman
Brett Dickstein
Shivani Honward
Nina Klein
Wesley Newburg
Megan Sette
Craig Wilson
Roberto Martinez
Barbara Bickham
Sebastian De Vivo
Tracy Gray
Ronette Kite
Steve Sedlic
Juan Vasquez
Erin Kapczynski
Julie Zwissler
Elianne RodriguezProgram Manager
Startup LAunch Tech SBDC
Kat YalungDirector
Startup LAunch Tech SBDC
Emily HansenAssistant Operations
Startup LAunch Tech SBDC
P O W E R E D B Y
C O M M U N I T Y P A R T N E R S
Bixel Exchange is the Center for Innovation & Technology at the Los Angeles Area Chamber of Commerce.
#ItTakesAVillage to raise a startup!
LatinapreneursLos Angeles