Company CEO, Shannon Meairs, especially highlighted the ability of accelerators like VentureSpur to help in attracting and finding investment capital for companies moving to a new city.
From the article:
But to keep SPARXlife alive, Meairs needed some guidance of her own. Armed with a startup plan and high hopes, she and [company co-founder] Jeter left Los Angeles in July to attend the new VentureSpur accelerator in Dallas, where she had already started to build a network.
“We knew an accelerator would be the best way to rapidly advance and grow in a very short time,” she said.
After the three-month accelerator, the pair landed five Dallas-area investors who helped them raise $150,000. For Meairs and Jeter, the trick to landing Dallas investment boiled down to one key item: the credibility they gained from VentureSpur.
The investment, coupled with Texas’ lower cost of operation clinched it: they and SPARXlife were in Dallas to stay.
Read the full article here: Dallas Business Journal – Tech Transplants
SPARXlife provides a web application to help people discover their purpose and live it. The company notes that 2/3 of young adults are unhappy with their professional prospects and are trying to figure out what to do with their lives.
SPARXlife uses scientifically-validated tools to help these individuals find their purpose and then matches them with opportunities to learn and live accordingly: colleges, online classes, books, jobs, and a network of similarly-minded people. Follow the company here.