Last week, we posted about The Evolution of OCTANe, and our growth phase OCTANe is in. Bill Carpou, CEO of OCTANe, discusses what OCTANe looks like in 2020 and beyond. With the growth of OCTANe's LaunchPad, we are looking to create additional jobs and bring and keep more capital to Southern California.
Bill discusses our capital strategy as well as our partnership with Visionary Venture Fund.
Ben Bobo: We probably identified some key metrics that you have to hit. So can you walk the audience through what the growth rate looks like in the next six years?
Bill Carpou: Yeah, so, ideally, what it looks like is doubling the amount of companies that come out of LaunchPad. So by doing that, we're going to obviously enhance and increase the amount of companies that are, that are created in that particular phase, in that late seed or series A, uh, that, that will, that will basically continue on and create a greater amount of jobs. And then, that's where the increase of our original forecast to our revised forecast could fit. More importantly, it'll be bringing more capital here.
You know, one of the things I didn't mention on the first series was that, we started a venture fund, three and a half years ago, Visionary Ventures. Today we're partnering in that fund. It is a separate entity, separate legal entity, Visionary Ventures, LLC. But we will, we're raising now a second fund, and there will be others that would be added into this mix over the years, that will enable us to keep capital in the ecosystem. Anything continue to bring capital here.