After wrapping up year one of Launch Pad Ignition last June my co-founders and I took some time to reflect on our first year. The program was successful, but we knew there was room for improvement.
The role of an accelerator is to identify startups with a strong team and winning idea and help them improve their odds of success. It’s our job to design a program that will help them become stronger founders and connect them to the resources they need, be it capital, mentorship, talent, or direction. Everything else is lagniappe.
We value honesty and self-awareness in our founders, so it’s important that we hold ourselves to that standard by assessing Ignition’s performance and making changes to incrementally improve the program.