By: Daniel James Scott, Marvin Scaff, John Morrow, Bill Jackson and Brent Britton
Founding Board Members, Gazelle Lab
TechStars was founded in 2006, in Boulder, Colorado, to provide seed funding and three months of mentorship to early stage companies in exchange for a modest equity stake. To date, 70% of Techstars companies have either raised outside funding or have become financially self-sustaining, which is an extremely favorable success rate relative to other seed funds. On 31 January 2011 the TechStars Network was launched http://en.wikipedia.org/wiki/Techstars – cite_note-1, linking 22 similar programs internationally, including Tampa Bay’s own Gazelle Lab.
In their recent book, Do More Faster, TechStars co-founders David Cohen and Brad Feld, alongside a bevy of successful technology entrepreneurs who have graduated from the program since 2006, share the vast amount of practical knowledge they’ve accumulated in the program’s five short years. It is a quick, experience-laden, and eye-opening read. It is also the top text that we suggest to every Tampa Bay entrepreneur. The title, however, is of particular interest. David Cohen explains that “if there’s one competitive advantage that most startups have, it’s that they can do more faster.”
This is an interesting concept, and one that just hints at the recipe that is required for a community to support rocket-paced startup growth. That “entrepreneurial ecosystem recipe” requires a long-term view of development, with equal parts of 1. mentorship, 2. pipeline and 3. execution. Our ecosystem in Tampa Bay need not copy Silicon Valley’s, but in stead can create its own identity. Gazelle Lab, launching this fall, intends to be a core contributor to all three elements of this infrastructure. Unlike most local programs, Gazelle Lab charges the participants absolutely nothing; and as a fund, naturally generates investments in jobs without government subsidies. Each element of how the Gazelle Lab program integrates into the “entrepreneurial ecosystem recipe” is described below.
1. Mentorship is the foundation of any community, but absolutely critical when formulating an entrepreneurial ecosystem. Gazelle Lab is a mentor-driven program. Our superstar mentors are primarily successful entrepreneurs and investors – folks that have been there and done that – willing to give of their time, connections and pocketbook. Mentor, and Gazelle Lab co-founder, Brent Britton, a lawyer and entrepreneur, has been an active mentor to dozens if not hundreds of tech startups in Silicon Valley, NYC, and here in Tampa Bay. Mentor Kevin Harrington is not only the Founder and Chairman of TV Goods, but a star of the hit ABC show Shark Tank. Other mentors include technology entrepreneurs Bruce Bennett (Mad Mobile), Allen Clary (Jibidee.com), Tony DiBenedetto (TriBridge), Ryan Dorrell (AgileThought), Kurt Long (Fair Warning), John Morrow (Morrow Technologies) and Marvin Scaff (Liquidity Engine).
2. Pipeline ensures the long-term sustainability of a community, and Gazelle Lab will fortify the local entrepreneurial pipeline by partnering with a number of existing community organizations. First and foremost, every Gazelle Lab participant will be assigned a student team from the Sustainable Entrepreneurship & Innovation Alliance at USFSP College of Business. Allowing students to provide hands-on research and assistance while experiencing the program alongside the entrepreneurs is a great win not just for the companies, but an immersive way for students to feel comfortable with the process when it comes time for them to launch their own concepts.
Second, every Gazelle Lab participant will automatically become a priority client of the Florida Small Business Development Center at Pinellas County Economic Development. This relationship opens the floodgates for expertise in a number of different key business areas to flow freely to the startups.
Last, and certainly not least, partnering with organizations such as the Florida Venture Forum, Creative Tampa Bay, and the Tampa Bay Technology Forum to present Demo Day at the Mahaffey Theater, Thursday, November 17th – creates an outlet to raise local, national and global investment capital. The event has already received sponsorship commitments from Gray Robinson, PA and the Sustainable Entrepreneurship & Innovation Alliance at USFSP College of Business, among others.
3. Execution, of course, is the glue that holds the entire ecosystem together, and is Gazelle Lab’s very raison d’être: a thriving crop of entrepreneurs who are black belts in the “Do More Faster” philosophy and who create scalable business opportunities that create more and better jobs, more and better investment, and more and better opportunities for those that choose to follow in their footsteps.
Are you one of these entrepreneurs? Are you one of these community partners? Are you one of these mentors or investors? Reach out to us at http://gazellelab.com or daniel@gazellelab.com for more information.




scale, do-able improvements that can immediately bring benefits to public spaces and the people who use them. REALM looks forward to their continued efforts and progress with Tampa’s downtown public spaces!





The old Ruskin Fire Station has been offered to the Ruskin Community Development Foundation, by Hillsborough County, for use as a Cultural Center. Plans are underway to develop programs in all the Arts; Performing, Visual and Literary. The programs will serve the entire South Hillsborough County Region, and will be professionally led.