Digital business incubator Wavetable Labs launched today in Chicago. The incubator plans to recruit Founders in Residence (FIR) to help them identify and build promising new digital businesses. Wavetable’s core team will help these FIR evaluate new business opportunities, build new products, and launch and scale businesses.
Many potential entrepreneurs, operating as seasoned executives or professionals, have some combination of great ideas, deep digital experience, and lots of passion – but they may not be ready to take the leap to becoming a solo entrepreneur. Wavetable Labs hopes their approach will appeal to many of those people and help provide a bridge between working as an employee of an existing business and partnering with Wavetable to launch a new business.
According to Wavetable’s website, “A wavetable is where waveforms come together to create digital synthesis. And synthesis is part of our DNA.”
The Wavetable team is a collection of experienced entrepreneurs, technologists, designers, and marketers who want to use their expertise to help other entrepreneurs start and operate successful digital businesses. The team includes Matt Moog (CEO), Josh Mallamud (COO), Corey Haines (CTO), Zach Walsh (Sr. UX Designer), Drew Gilliam (FIR) and Kendall Elliott (Office Manager).
“We are committed to being a positive and contributing member of the rapidly growing Chicago digital community,” said Wavetable Labs founder and CEO Matt Moog. “We will bring together our experience, a network of relationships, a proven process for building great businesses, and capital to help entrepreneurial teams focus on meaningful problems to create scalable businesses.”
Wavetable Labs is not an accelerator like TechStars and Y Combinator, nor is it a venture capital investor. The firm plans to pursue fewer businesses each year than those types of organizations typically do, and it hopes to be involved in the earliest stages of vetting ideas.
If you are a venture capitalist wanting to get an early look at the companies Wavetable incubates, a university with ideas or research to commercialize, or – especially – an entrepreneur with the passion, moxie, and skills to build a business, you can get in touch with Wavetable Labs here.