# The Bit Factory

The Bit Factory is an Asset Manager based in Akron, United States.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Akron, United States
- **Region:** North America
- **Address:** 526 S. Main St, Akron, OH 44311, United States
- **Founded:** 2014
- **Assets under management:** Undisclosed
- **Website:** https://www.bouncehub.org
- **LinkedIn:** linkedin.com/company/the-bit-factory

## Regulatory record

- **Reports private funds:** No

## About

The Bit Factory is a US-based investment company headquartered in Akron. It focuses on a Venture Capital strategy.

## Sectors

- Enterprise Software
- FinTech
- AI/ML

## People

- James Wilson — Founder
- Doug Weintraub — CEO of Bounce Innovation Hub

## Questions

### Who runs investment decisions at The Bit Factory?

Founder James Wilson is the public-facing lead for startup advising and mentorship, acting as the program's primary investment principal. Operational management sits under Doug Weintraub, CEO of Bounce Innovation Hub, which houses and manages the accelerator. The exact investment committee composition is not publicly disclosed.

### Is The Bit Factory structured as a venture firm or an accelerator?

It is structured as a startup accelerator housed inside Bounce Innovation Hub, a non-profit innovation center in downtown Akron. It is not a standalone venture capital firm. The accelerator provides seed funding and mentorship, but its parent entity is a 501(c)(3) organization focused on economic development and job creation in Northeast Ohio.

### How is The Bit Factory related to the City of Akron and the University of Akron?

The City of Akron provided initial funding and operational support to establish the accelerator as part of a broader downtown revitalization strategy. The University of Akron collaborates on programming and contributes deal flow through student entrepreneurship competitions. Both entities remain ongoing partners, with the accelerator functioning as a joint civic-academic startup pipeline.

## Related profiles

- [The Big Dipper Wealth](https://altss.com/profile/the-big-dipper-wealth)
- [The Cage](https://altss.com/profile/the-cage)

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Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/the-bit-factory

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