Q2 and Austin FC Announce the 2024 Dream Starter Competition Winner - 29ELEVEN THE SALON (2024)

Q2 and Austin FC Announce the 2024 Dream Starter Competition Winner - 29ELEVEN THE SALON

Austin-based startup providing haircareservices to people of color to receive $100,000 in funding toaccelerate its business and mission

Today, 29Eleven The Salon was announced as the winner of the2024 Austin FC Dream Starter Competition presented by Q2 Holdings,Inc. (NYSE: QTWO). 29Eleven The Salon will receive $100,000 infunding to accelerate its business and mission as part of theAustin FC Dream Starter business initiative, which supports Austinentrepreneurs from underrepresented backgrounds.

“After reviewing several innovative pitches, we’re delighted toannounce 29Eleven The Salon as this year’s Dream Starter winner,”said Austin FC President Andy Loughnane. “Austin has an amazing anddiverse entrepreneurial community, and we’re grateful to Q2 fortheir help in bringing this initiative to life for a fourthconsecutive year.”

29Eleven The Salon provides education and hair care services toaddress the unique needs of curly and highly textured hair.Historically, cosmetology schools have only provided trainingfocused on straighter hair textures, which results in thesurrounding communities being underserved for hair careservices.

“It is an honor to be selected as the 2024 Dream StarterCompetition winner. This is an amazing opportunity to expand mybusiness,” said 29Eleven Owner Tiffany Wilson. “People of Colorspend $8 billion dollars annually on beauty and product services,with $3 billion spent on hair care. This will allow us to reachmore people with kinky curls who need healthy hair care.”

“We are proud to support underrepresented local entrepreneursthrough the annual Dream Starter Competition in partnership withAustin FC,” said Q2 CEO Matt Flake. “It’s exciting to learn aboutthe diverse businesses the finalists represent here in CentralTexas, all of which align so well with our Q2 mission. We lookforward to seeing the impacts this year’s winner will make in itscommunities.”

The Austin FC Dream Starter Competition combines Q2’s missionwith Austin FC’s inclusivity through equity community pillar. Theaim is to connect underrepresented entrepreneurs with the resourcesneeded to build profitable, high-growth companies. The “DreamStarter” funds will aid 29Eleven The Salon in overcoming financialbarriers to achieve success.

In addition to 29Eleven The Salon, the 2024 Dream Starterfinalists included Amiguitos Spanish Immersion Academy, TheBreastfeeding Success Company, Celzo Agua Fresca, and West ChinaTea.

29Eleven The Salon, along with the other finalists, participatedin a pitch contest on May 23 at Q2 Stadium. A diverse group ofrepresentatives from Austin FC, Q2 Holdings, Inc., and the Austinentrepreneurial community evaluated each finalist’s presentationand ultimately selected the winner. 29Eleven The Salon will behonored with a check presentation during halftime at the Austin FCvs. Portland Timbers match on Wednesday, May 29.

Previous Winners

SocialNote

In 2023, SocialNote Co-founder Vanessa Newton, was selected asthe Austin FC Dream Starter Competition winner. SocialNote is aone-of-a-kind web application designed for school-based socialworkers to manage interactions with students and families.Documentation of interactions with students and families iscritical but often the last task to be completed because there areso many other needs to tend to. SocialNote aims to provide aplatform that removes the stress, dread and burnout of casemanagement so the job feels sustainable, and the professional fieldof school-based mental health retains high-quality providers.

CDL Changing Lanes Driving School

In 2022, Delbert Crawford, Founder and Owner of CDL ChangingLanes Driving School, was selected as the Austin FC Dream StarterCompetition winner. CDL Changing Lanes Driving School teachesindividuals from diverse backgrounds how to safely drive acommercial vehicle. The school's training programs help itsstudents, many of whom are unemployed, gain the skills necessaryfor jobs driving commercial vehicles, changing the trajectory oftheir lives.

At Ease Rentals Corporation

In 2021, Anthony Gantt, CEO of At Ease Rentals Corporation, wasselected as the inaugural Austin FC Dream Starter Competitionwinner. At Ease Rentals Corporation is a short-term rental platformhelping military and federal employees and their families findgovernment approved, temporary housing with less time andfrustration.

About Austin FC

Austin FC joined Major League Soccer (MLS) as the League’s 27thclub in January 2019. Austin FC officially began competing in MLSin April 2021 and played its first match at home on June 19, 2021,in the new, 100% privately financed, state-of-the-art Q2 Stadium inAustin. In its second year, Austin FC finished the regular season2nd in the Western Conference, while also making a run to theWestern Conference Finals during the 2022 MLS Cup Playoffs.

Austin FC also operates Austin FC II, a professional-leveldevelopment team competing in MLS NEXT Pro which won the leaguetitle during its inaugural season in 2023. In addition, Austin FCoperates Austin FC Academy which is the fully funded developmentalacademy representing the highest level of competition for eliteyouth soccer players in Central Texas, while serving as theexclusive developmental pathway to MLS for the region’s mosttalented young players. Combined, Austin FC II and Austin FCAcademy teams complete the pro player pathway between elite youthsoccer (MLS NEXT) all the way to MLS, and allow for players todevelop, improve, and move up to Austin FC or Austin FC II.

About Q2 Holdings, Inc.

Q2 is a leading provider of digital transformation solutions forfinancial services, serving banks, credit unions, alternativefinance companies, and fintechs in the U.S. and internationally. Q2enables its financial institutions and fintech customers to providecomprehensive, data-driven digital engagement solutions forconsumers, small businesses and corporate clients. Headquartered inAustin, Texas, Q2 has offices worldwide and is publicly traded onthe NYSE under the stock symbol QTWO. To learn more, please visitQ2.com. Follow us on LinkedIn and X to stay up to date.

Q2 and Austin FC Announce the 2024 Dream Starter Competition Winner - 29ELEVEN THE SALON (1)

View sourceversion on businesswire.com: https://www.businesswire.com/news/home/20240524768607/en/

Austin FC Media Contacts
Cameron Koubek
Communications and Media Manager, Austin FC
301.526.1542
ckoubek@austinfc.com

Gwen Hernandez
Brand Communications Coordinator, Austin FC
646.717.3196
ghernandez@austinfc.com

Q2 Media Contact
Maria Gari
Senior Marketing Communications Specialist, Q2
315.657.0041
maria.gari@q2.com

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