293: Southbox – A Startup Studio, Incubator, & Venture Fund Supporting Entrepreneurs With Capital & Talent
On an unlikely street in Philly, Southbox is building a haven for business startups. Part fund, part studio, it aims to go beyond co-working or accelerator, incubating and building new ventures in the medical, entertainment, and other tech fields.
Multi-industry entrepreneur, investor, and data scientist Jon Gosier is the driving force behind the endeavor. “The idea for Southbox came because over the years I’ve realized I’m good at connecting the dots, pulling the right individuals together to form fast-growing companies that can be successful even after I work myself out,” Gosier explains. “I’ve done this successfully more than a few times with companies that have gone on to be really successful.”
“Southbox companies are not always traditional tech startups. Some are focused on making money the old-fashioned way (versus raising money from VCs). As a result, we have many deal structures: equity-based, debt-based, revenue share or a combination of the three,” Gosier notes. “There is no cookie-cutter approach for us.
Southbox is launching with 8 startups in its portfolio: Wounds A.I. (which uses machine learning to improve medical imaging and chronic wound care), Garvey Labs (a political data gathering company), TimeStamp (a mobile time-tracking app for nurses), Paramount Health (a home-healthcare service from Boston expanding to Philly), Quantified Culture (A.I. assisted talent management for influencers, musicians and entertainers), PhillyNext (a location-based event and venue discovery mobile app), Red Queen Gaming (which enhances video games with automated scripts), and CrashSpot (app-based micro-rentals of residential spaces in 15 minute blocks for people who are traveling and need a place to rest, change clothes, have meetings or nap).
In creating a supportive, welcoming environment for non-traditional entrepreneurs and seasoned startup veterans alike, Gosier thought hard about where to locate Southbox. “Initiatives here related to startup investing are usually in metropolitan areas which are unquestionably gentrified, or off in the suburbs. This isn’t necessarily a bad thing, but it doesn’t help with outreach to underrepresented communities,” reflects Gosier.
We feel our location helps keep South Philly a part of Philly’s tech success story and gives different voices the chance to get involved.
Jon Gosier works with the world’s most prominent recording artists, management companies, record labels, and influencers as the founder of audience measurement and monetization company AuDigent. As Audigent’s Chief Data Scientist, he develops algorithms responsible for directing millions of dollars in new revenue to the music and entertainment industries.