A coffee-table book about coffee tables?
What about a start-up incubator in a start-up city?
What Seinfeld’s Cosmo Kramer saw as a unique opportunity in the publishing industry, so too did entrepreneurs Brian Dick and Nahid Giga when it came to accelerating new businesses in Frisco, Texas.
Founded in 2015, LaunchPad City opened its doors to the burgeoning Frisco start-up community to assist small, innovative companies navigate today’s digital world and drop anchor in the $5 Billion Mile, one of the most dynamic development concentrations in America.
By offering startups an engaging, flexible work environment and professional advisory services like accounting, legal, and IT, the company has been growing since Day 1 by helping new businesses accelerate market entry and attract investment capital.
“If you’re an entrepreneur in Dallas you’ll soon find out it’s a very competitive market and commercial real estate costs are always rising,” said Dick. “We wanted to fix that by creating an innovative, flexible co-working facility with a low barrier for entry, no long-term lease requirements, and give businesses the choice to upgrade or downsize space as necessary. Couple that with access to mentors and great support services, and that’s how LaunchPad City was born.”
With an eye on growth, several forward-looking companies have taken notice of this value proposition, including digital media companies PVP Live and Captured Dimensions.
PVP Live, an online gaming operator that has been at LaunchPad City since 2014, has now grown the esports website it launched last year to three million active monthly users. Captured Dimensions, an innovator in the world of 3D scanning, is pushing the limits of imaging technology and developing a portfolio of clients within the feature film, television, and video game industries.
“Any startup looking to gain some steam faces the same struggles,” said Captured Dimensions CEO Jordan Williams. “It’s difficult to find space that is flexible and adjust to a business like ours which has often changed size and composition, and LaunchPad City has offered that flexibility to us.
“Another key factor about LaunchPad City is that all the basics are taken care of. We used to spend an unnecessary amount of time stressing about little things like coffee and office supplies which are the minutia that take up an extraordinary amount of time for business owners in the early stages of their ventures.”
And just as the coffee table book about coffee tables took off, so too is the expansion of Frisco. The city, whose population has grown 380 percent since 2000, continues to draw new businesses and entrepreneurs from around the globe. And with good reason.
Known for its exemplary schools, diverse community and Sports City U.S.A. culture (which isn’t just some hollow boast, as it is home to five professional sports teams and multiple world-class facilities), the city is a magnet for a skilled workforce attracted to Frisco’s family-friendly, athletics-focused atmosphere. Frisco, located approximately 25 minutes north of downtown Dallas, has consistently been one of the fastest-growing U.S. cities for two decades. In fact, the 2010 U.S. Census shows Frisco was the fastest-growing city in the nation between 2000 and 2009. It has also been recognized by Money Magazine as one of the top 100 places to live in the U.S.
And as Frisco has grown, so has LaunchPad City.
“There’s co-working centers across the U.S., but Frisco – with its unique pocket of technology-focused entrepreneurs and an economic team laser focused on growing business – has been the perfect location for us,” said LaunchPad City co-founder Nahid Giga. “Our partners come from all walks of life and across the business landscape looking to Frisco as the perfect place to make their dreams become reality. The way we see it, Frisco will be expanding for a for many years to come.”
Since its establishment in 1991, the Frisco Economic Development Corporation (FEDC) has helped facilitate every major economic development project in Frisco, resulting in more than 350 projects that have the potential to occupy over 450 million square feet of commercial space, generate new capital investment in excess of $8 billion, and create or retain more than 78,000 potential direct jobs in Frisco.
With so much happening in Frisco, it’s no wonder the city is growing by leaps and bounds. And while Cosmo Kramer’s Kramerica Industries probably wouldn’t be the right fit, entrepreneurial firms with an eye on innovation and growth most certainly are.