Full Scale earmarks $1M in development resources for KC startups in 2019
Full Scale founders, Matt DeCoursey and Matt Watson, plan to invest $1 million worth of technical services in Kansas City regional companies in the next two years.
Full Scale is open to establishing partnerships with small businesses in Kansas City and provide the resource investment to scale and fully launch these companies. According to DeCoursey, this investment is a way to give back to the local community and improve the overall economic performance of the city.
Based on 2018’s “State of the Silicon Prairie” report, Kansas City is currently at the bottom of its group in the Midwest territory, citing that the city isn’t securing half of its anticipated venture deals.
“When we see reports come out, talking about how things are underfunded in Kansas City and we don’t have the needed community spirit, we think we can at least start to change that.” said DeCoursey, “There are a lot of hard-working, innovative, smart, and deserving people here in this town.”
DeCoursey and Watson will personally assess each application, considering the type of services they will need and if they’re a good match for the company to work with. Selected Startups can pitch their business proposals directly to Full Scale and each application will be assessed based on their merit and previous success with funding. Each deal will depend on what the selected company needs and equity will be taken in exchange.
“The resource investment is defined as us giving you a credit for developers and any of the other services we offer—graphic design, project management, SEO, content writing, the whole gamut,” DeCoursey said.
Other than the resource investment, DeCoursey and Watson will also share their advice and input to improve business management and strategy.
“Our experience brings excellent street cred to some of these early stage companies that want to raise more money,” DeCoursey said. “We don’t have a track record of doing ‘just OK.’ We have a history of success and we believe there’s a model, a repeatable format and process that can be used.”
The duo is also considering increasing that $1 million investment in the future, depending on the effort’s outcome and Full Scale’s own growth.
“We have allotted an undisclosed portion of Full Scale’s revenue specifically for this reason,” he said. “The rate at which our company is growing increases the amount of this investment pool.”
Full Scale already has a track record of generous investments in the local business scene. The company had awarded $70,000 in last year’s Pure Pitch Rally contest during TechWeek.