#69: Ray Leach and Hardik Desai (JumpStart)

Our conversation today is with Ray Leach and Hardik Desai to discuss JumpStart and its role here in the Cleveland startup ecosystem. Ray is the founding CEO of Jumpstart and has been with the organization since its inception. Hardik is a Sr. Partner at JumpStart focused on their investment strategy has been with the organization since 2012.

This conversation comes off the bat of JumpStart announcing a new division within the organization — branded Jumpstart Ventures —  focused on the organization's venture capital investment activity. Since 2005, JumpStart has invested $70M into 145+ technology startups throughout Ohio, with 82% of the startups located in Greater Cleveland. JumpStart Ventures now plans to invest $70M in new capital into startups through 2025. The organization also plans to raise additional capital, expanding current funds, and creating new funds in partnership with corporations, institutions, and private sector investors.

To date, JumpStart has 4 funds — Evergreen, NEXT, Focus, and the Healthcare Collaboration Fund — providing capital across stages and sectors which we’ll cover in more detail later in our conversation.

The first half of this conversation covers some of the basics, facts, and history of JumpStart as an organization and their investment approach, while the second half covers questions and themes sourced from Cleveland founders and the startup ecosystem at large, and focuses on Ray and Hardik’s perspective on them.

This was a really insightful conversation — hope you all enjoy my discussion with Ray Leach and Hardik Desai

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Learn more about JumpStart Ventures