BOULDER, Colo.--(BUSINESS WIRE)--Boomtown accelerator, a 12-week program that supports and empowers startups, today announced Jason Searfoss as its Chief Financial Officer (CFO), adding a new dimension and expertise to the innovative accelerator program.
Searfoss brings extensive experience in private equity and corporate finance to his new role managing investor relations and financial strategy for Boomtown. He also leads the finance and fundraising curriculum for the teams that join the program, a rare find in accelerators.
“Not only does Jason bring years of corporate experience to the table, he can take that experience and relate it to teams trying to fundraise and spend their money wisely,” said Toby Krout, executive director of Boomtown. “These skills are essential in creating a secure foundation for a startup but are typically not a focus of accelerators.”
Before joining Boomtown, Searfoss was the CFO and member of the Investment Committee of Longford Capital. He has also worked at The Royal Bank of Scotland Group, GE Capital, AEGON, Samsung and JPMorgan Chase.
As Boomtown continues to develop its corporate accelerator model, which currently includes partnerships with Comcast Labs and Colorado Permanente Medical Group (CPMG), a group of nearly 1,200 physicians serving members of Kaiser Permanente Colorado, Searfoss’ technical experience working with corporations will allow Boomtown to provide a unique value set to current and future partner companies.
“The emphasis that Boomtown places on financial rigor at all levels—from a tailored curriculum and ongoing support for our startups to delivering an attractive return on the investments of our corporate sponsors and fund partners—is unique for an accelerator. I am very excited to be a part of it,” Searfoss said.
The relationship between startups and companies provides mutual benefit.
“Corporations benefit by amplifying their needs around innovation while at the same time improving employee culture, retention and talent acquisition. And our startups get an efficient connection to major industry players,” Krout said.
About Boomtown
Based in Boulder, Colo., Boomtown aims to discover and support promising Internet, mobile, software, Internet of Things (IoT) and Healthtech startups. Boomtown is currently launching its seventh Internet and Mobile and third Healthtech classes and has graduated more than 50 companies since founding in 2013. For more information, visit www.boomtownboulder.com.