The New Orleans Startup Fund (NOSF) is an evergreen venture fund that provides seed capital and technical assistance to early-stage firms that demonstrate significant growth potential.
In a recent announcement, NOSF has named New Orleans native Jimmy Roussel as its CEO. He brings 25 years of startup experience to the fund, including work as the CEO of ProTier, Entrepreneur-In-Residence for The Idea Village, managing member of Global Medium/Clearwater Partners/Mehl Research Labs, and business consultant for Makebuzz.
“We are thrilled to welcome Jimmy on board as CEO of the New Orleans Startup Fund. His experience founding and advising startups will be instrumental in building upon the Fund’s success,” said Leslie Jacobs, who had been volunteering as president of the NOSF.
Previously an Entrepreneur-In-Residence at PowerMoves.NOLA, Roussel has been acting as CEO since the spring. He has already set up a new class of PowerMoves.NOLA fellows in addition to a program for small businesses.
“As CEO, I am eager to continue developing a portfolio of companies that will create jobs and community wealth in this region,” said Roussel. “One of the Startup Fund’s greatest achievements has been its catalytic impact, with early stage companies going on to raise ten times the fund’s initial investment. My work will focus on creating a strong portfolio of companies able to attract follow-on financing.”
Over the years, NOSF has invested $1.75 million in 25 local companies such as Kickboard and adverCar in its early days, and acrew and Scandy more recently.
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