What is the ATDC and how does it work? What does the ATDC have in store for Georgia entrepreneurs in 2007? How can entrepreneurs get involved? What is the current early-stage/venture landscape here in Atlanta? Welcome to SL #7! In this show, we are joined by Lance Weatherby, a Venture Catalyst with Georgia Tech’s Advanced Technology Development Center (ATDC).
As a bonus, join us for the debut of our “Under the Bus” segment, where we feature a healthy dialog on the Atlanta early stage venture scene.
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This discussion not only provided a nice overview of the inner workings of the ATDC, but also a very interesting exchange of ideas and perspectives on the Atlanta (and Georgia) early-stage venture scene. From venture capital to angel investors to traction/execution, you’ll find it all here! We even managed to drag some “sleeper picks” out of Lance – if you want some tips on a couple of hot startups, give it a listen.
75% of ATDC companies (post-1995) either remain in business, or had some other successful exit.
Since 2000, ATDC companies have raised (or generated) $1.7B, incuding angel investments, venture capital, and successful exits.
One third of the companies in the ATDC have some connection to Georgia Tech, but the vast majority do not.
The biggest thing the ATDC looks for in terms of graduating companies is “sustainability” within the market.
We have people betting lines in Vegas on what you’re about to say, so choose your words carefully, Lance.
Of course, there is much more content contained within the show itself. Enjoy! To play it, use the tools at the top of this post – you can play it via the embedded Flash player by pressing the big play button at the top, or download it to play on your computer or MP3 player.Links referenced within this episode:
- Advanced Technology Development Center (ATDC)
- Lance Weatherby’s Blog – A Force of Good
- Adams Capital
- National Personnel Services
- SON Capital
- Technology Association of Georgia
Podsafe music used within this episode:
- Sundial by Bill Derome
- Pinata Boy by Derek Sonderfan
- All the Money in the World by Hutch
Tune in and find out!
Our format is a little out of the norm as far as podcasts go. We treat our efforts as a true “show” rather than a super-concise (limited) vehicle for delivery of information. Therefore, the podcasts can run a bit long. While we try to have very substantive discussions, we also try to have a lot of fun along the way (and that tends to elongate the programming a wee bit.) Our theory is that if we are having fun during the show, hopefully, you will be having a little fun listening as well.
Here is the breakdown for the show, in case you want to hop around.
|Intro||00:00 to 01:14|
|Smalltalk and introductions:||01:14 to 04:58|
|Under the Bus||04:58 to 17:40|
|Mailbag:||17:40 to 27:33|
|Commercial/Comedy Break:||27:33 to 30:14|
|Main Discussion Topic||30:14 to 62:35|
|Commercial/Comedy Break:||62:35 to 63:09|
|Wrap-up:||63;09 to 67:13|
A special thanks to Lance for coming in and hanging out with us!
We’ll be back next week with Steve Fleming of VentureLab fame. In addition to discussing the commercialization efforts of VentureLab, we’ll also have a great discussion around the challenges of innovating within an emerging industry (in this case, commercial space flight).
We welcome your continued feedback as well! If you have an interest in appearing on the show, becoming a show sponsor (hint, hint), have some suggestions for topics, have feedback, or would just like to email us and tell us to “shove off”, we invite you to contact us.
And don’t forget – the StartupLounge.com message forums are up and running. If you need help with any aspect of your venture, we welcome you to jump in and get the help you need!