June 27, 2018 – Columbus, OH – QStart Labs announces its tenth year as the leading firm dedicated to launching new tech startups that provides an experienced technology development and startup advisory team made up of entrepreneurs, designers, nerds, and investors.
QStart Labs began operations in June 2008 as the “tech team” for NCT Ventures in Columbus, Ohio. According to Rich Langdale, Managing Partner of NCT “QStart Labs is the first technology company that actually aligns their interest to us as investors. We particularly like that QStart Labs is incentivized to help make our portfolio companies successful and that we incur costs only when development is needed vs. internal overhead.”
Since their founding the mission was simple: reduce the cost, speed-to-market, and risk for launching and growing early-stage ventures. QStart Labs has successfully launched over 50 startups, helped their companies raise over $29 million in funding, and had 4 exits with an average acquisition in the 8 figure range across North America.
For many startups, the road to success is paved with good intentions, broken promises, and those that want to take advantage of an entrepreneur’s passion. QStart Labs knew the “status quo” was not good for startups and set out on a mission to break the mold! They focused on creating a relationship where the technology development and startup advisory team were aligned with their client’s interests and then they built their entrepreneur friendly model around that. According to company President Kevin Hiser, “What has allowed us to reach this milestone is a dedication to startups, our experienced team, and our business model that ensures we are as invested in a startup’s success as they are.”
They built their innovative model to ensure they are as invested a startup’s success as the startup themselves. QStart Labs takes no equity, has covered the technology/IP challenges that typically cloud exits, and contractually bind themselves to be there helping their startups until the end. The model is working. John Barnes, CCO of Mediplay, a leading digital signage provider for medical offices, states “Our partnership with QStart Labs has allowed Mediplay to focus solely on growing our national network, without the need for an in-house development team. We were drawn to QStart by their innovative business model and “hooked” after meeting their team. Over the years, QStart has proven time and time again that we made the right decision.”
QStart Labs is excited about the road ahead as they have multiple companies that are working towards exits and expanding their startup portfolio.
About QStart Labs
QStart Labs is a firm dedicated to launching new tech startups that provides an experienced technology development and startup advisory team made up of entrepreneurs, designers, nerds, and investors. They are based in Columbus, OH and have launched over 50 startups across 14 states in the US.
You can learn more about QStart Labs at www.qstartlabs.com