SPOTLIGHT DOUG MCCOLLOUGH

CATALYZE COMMUNITY TRANSFORMATION

Color Coded Labs

Connecting members of historically marginalized communities with tech courses to build in-demand skills

Support from jumpstart

• Early-stage Capital Funding • 1:1 Tech Startup Coaching • Peer-to-peer and Business

Support Connections

Doug McCollough

JumpStart allowed us to successfully get through the due diligence necessary for funding a seed round. We would not have that seed round. We would still be scrambling.”

hear from doug in his own words

jumpstartinc.org/doug

Doug McCollough believes there are talented, creative people in our communities who have yet to reach their full potential. If only they had access to specialized education to level up their skills, they could step into better paying careers and transform their lives.

Enter Color Coded Labs.

With a background in tech leadership, Doug is well positioned to navigate the complexity of an ambitious business model. His intention? Offer students the unique opportunity to gain in-demand coding skills with a $100 down payment. Tuition would be deferred until they landed a job. To invest in his students, he would need capital for his business.

Admittedly, Doug and his founding partners had never raised capital for a business. They didn’t speak the language of investors. Faced with the pressure to prove that he had a sound growth strategy, he connected with JumpStart and others for support. He learned from subject matter experts who shared valuable resources and presented him with pointed, and sometimes challenging, questions.

Doug used the answers to strengthen his business plan and growth goals. With the right support and knowledge base, Doug secured the early capital Color Coded Labs needed to launch.