Accelerator Archives - Page 13 of 18

Y Combinator: The Power In An Accelerator Is Not The Cash

Startups around the world, who’ve had their eyes set on Y Combinator, have all been scratching their heads over the past two days while stomaching a major change in the way the accelerator program at Y Combinator is run.

Two years ago Russian venture capitalist Yuri Milner and Ron Conway, principal at SV Angels, decided that they would invest $150,000 in seed money to each of Y Combinator’s startups. In a blog post Monday Y Combinator said that they often ended up managing the investments and the program, which was awkward because they hadn’t actually started it.

Y Combinator has announced a new program called YCVC where four Yuri Milner and three other firms will join together to invest $80,000 in each of the startups as opposed to the $150,000 figure. Joining Milner are Andreessen Horowitz, General Catalyst and Maverick Capital. Absent from this program is Conway and SV Angels.

Graham explained to Forbes magazine that while SV Angels fund doesn’t fit into the new mold of the program, Conway is still one of YC’s “favorite investors”

So what’s going on?

Startup spinmasters everywhere are wondering why this change in investment strategy. Some worry does this have to do with the bubble bursting? Others wonder if it has to do with the general trend in consumer tech investing going down? While others understand that cash isn’t the core to a good accelerator program.

That’s just what YC has said as well.

By decreasing the actual cash investment in the startups, YC is asking that the investors take a more active interest in the program itself. Each of the investors will participate in office hours helping to cultivate the startups in the program. Graham, along with the powers that be at YC are hoping that this invaluable investment with time will more than compensate for the decrease in seed funding.

YC also says that $150,000 may not have been the optimal investment. In some cases a seed investment that size was too much for a new startup.

“$150k was more than the successful startups needed, and it sometimes caused messy disputes in the unsuccessful ones. Switching from $150k to $80k may not completely eliminate such problems, but it will make them at most half as bad.” YC posted on their blog.

YC is confident that even in Silicon Valley $80,000 should be more than adequate to give startup founders about a year to work on their idea, and live financially above water.

Many successful accelerators across the country including MassChallenge, DreamIt Ventures, TechWildCatters and even the Brandery have been making do with substantially less seed funding for startups, and more active programs.

Some startups feel that having a name like Y Combinator, 500 Startups or TechStars behind them is enough to help them get ahead. Others really want the opportunity to work the program, beef up their contacts, and learn from the triumphs and failures of the top shelf mentors associated with funds like those backing the newest program at Y Combinator.

What do you think, tell us in comments.

Linkage:

YC’s original blog post

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Startup Conference? Yes!

Cincinnati And The Brandery Featured In CNN’s Piece About Startup Communities

When we venture away from home (which is quite often), we’re sure that our regular readers know that Cincinnati is one of the thriving startup communities we like to visit. Cincinnati is home to The Brandery, the world’s first startup accelerator devoted to marketing and branding. They’re also home to Cincy Tech, Centrifuse and many other startup and entrepreneurial initiatives.

It’s no surprise than that Cincinnati was named as one of the six cities “where startups thrive” according to CNN. Earlier this morning we brought you the story about Music City USA (Nashville) also receiving the same honor.

Cincinnati’s back story is a bit different than being home to the legends of country music. Cincinnati is home to one of, if not the, biggest branded company in the world, Proctor & Gamble. One thing that many startup communities struggle with is getting their patriarchs, or “blue bloods” to participate in the new, somewhat risky, startup community.

Proctor & Gamble is “all in” with Cincinnati’s tech and startup community. The son of the consumer giants CEO Robert MacDonald, Rob MacDonald, is one of the founders of The Brandery. The Brandery pulls several mentors from the ranks of the Proctor & Gamble world headquarters and also works hand in hand with some of their biggest marketing partners to give their portfolio companies a boost.

What’s better than that though is that The Brandery, along with Cincy Tech and the collaborative effort, Cintrifuse, host regular classes, workshops and talks aimed at the young and up and coming entrepreneurs in the city. Anything from bringing your product to market, to designing the best business plan, is constantly taught and retaught for the Cincy startup community, and most of these activities cost little to no money.

Innovation comes in many forms in Cincinnati

When you look at most startup accelerator cohorts you can strip the current classes startup names, and find that you have similar classes throughout the country. You have your photo app, your video app, your event sharing app, your collaboration platform, one or two hard goods and something social. Startups in Cincinnati push the envelope and break the box apart.

Take ChoreMonster for instance. This standout startup from the first Brandery class, is the “big brother” startup at the Brandery. Their founders are constantly mentoring, coaching and helping other startups. Their idea though? Chore management for kids with an uber friendly, monster theme. Does it work? My five year old daughter does chores like nobody’s business, I just need to get her mother on the program now. ChoreMonster has already raised over a million dollars in venture capital and their official product isn’t even out of the gate.

A startup made out of a team of teenage, ivy league dropouts, called “FlightCar” is picking up major traction including a recent feature on TechCrunch.com. Their idea is to facilitate peer to peer car lending at airports. If you’re going on a week long vacation, why pay to park when someone else can pay you to use your car. The three founders behind the startup, have never rented a car in their lives, but they were able to work out the insurance kinks and now have a viable product and testing in two major airports.

Venturing outside of the Brandery’s “Over The Rhine” walls you’ll find startups like CapStory and CoupSmart. The young founders of CapStory are looking to restore the sanctity once found with Facebook. Even at just 20, they know the risks involved in that beer bong shot posted to your Facebook page. Their startup is hoping to give college students the ability to share those memories without their future boss seeing them.

Coupsmart is an engagement platform that’s taking all those likes and fans from social media and really turning them into revenue. An idea that’s on the minds of marketers around the world.

With this kind of startup community flourishing in Cincinnati it’s no wonder that they were selected by CNN as one of the cities where “startups thrive”.

Linkage:

CNN “Cities Where Startups Thrive”

Nibletz coverage of Cincinnati

The biggest startup conference ever… Period

Techstars Now Taking Applications Via AngelList

The popular TechStars accelerator program announced last week on their blog that they are now taking applications via AngelList.

500 Startups was the first to go the route of using AngelList to allow startups to apply their program, with their current session. Traditionally to get into 500 startups accelerator program a startup had to be recommended internally. 500 Startups founder Dave McClure opened up the current session for general applications, but only using the AngelList platform.

TechStars is taking applications through their website and also through AngelList.

Techstars founder David Cohen does say that if you apply via AngelList and you’re selected for further evaluation you may need to answer some of the more specific questions found on the application on the Techstars website. However, applications are welcomed from either site.

Techstars is currently taking applications via AngelList and their website for their Boston program that starts February 25, 2013. The early bird deadline for Boston applications is next Monday December 3rd and the final deadline is December 17th.

Applications are also open for the New York City 2013 cohort. The early bird application deadline is January 4, 2013 and the final deadline is January 18, 2013. That session begins April 2, 2013.

Linkage:

Techstars schedule

Techstars application via their website

Techstars application via Angellist

This is the biggest startup conference in the world

Meet Indian 500 Startups Company TradeBriefs, Email Newsletters Making People Experts

Sree Vijaykumar, the founder of Indian startup TradeBriefs, has turned an email newsletter business into a bonafide startup with big upside potential. Some may think that email newsletters are old school, and that in this age of mobile first startups and apps, apps and more apps, how could there possibly be room at the 500 startups lair for an email newsletter startup?

TradeBriefs is in the current class at 500startups so obviously there’s more than meets the eye with these email newsletters.

“We have managed to silence our naysayers. People didn’t think an email newsletter business could thrive, but we have successfully demonstrated that our formula works.. Our subscribers and advertisers are both happy, which is great and now we are ready to scale.” Vijaykumar told us in an interview. Scaling is what they are focusing on while they are in Mountain View participating in the 500 startups accelerator program.

TradeBriefs is part human editor and part learning algorithm. They say that their newsletters are helping professionals in their concentrated fields become industry experts.

TradeBriefs began with an industry newsletter for India’s retail industry and quickly expanded to four other verticals including; Telecom, Finance, IT and FMCG. They are planning on adding verticals and expanding out of India.

In the US, Fierce has been able to make a viable business out of email newsletters, turned into websites, within the tech industry. Now, in addition to their websites, and newsletters Fierce also hosts major industry events in the telecom, mobile and tech industries. Is it possible for TradeBriefs to do the same thing? Obviously 500 Startups thinks so.

Check out the rest of our interview with Vijaykumar below.

Charlotte Could Be Next City For Founder’s Institute

Founder’s Institute, the largest startup accelerator in the world, is looking for their next new location. Founder’s Institute has had success in the valley, Boulder, Los Angeles, Seattle, Washington DC and other major cities around the country.

Now, Founder’s Institute is testing the waters in Charlotte North Carolina.

Once a conservative banking center, Charlotte has become a major hub for innovation Amon cities in the south east.

Charlotte played host to the Democratic National Convention this summer, and with that they give entrepreneurs, entrepreneurial media and more a glimpse into their growing startup scene. On our trip there for the convention we got to work out of Packard Place, a 4 story building in Charlotte’s Uptown (what they call their downtown) that serves as the hub for innovation.

Founder’s Institute has opened up discussion about coming to Charlotte on their website here.

Founder’s Institute also plans to test the waters by hosting a handful of events in Charlottte, over the next month:

Startup Pitch Bootcamp Wednesday November 28th

Founder’s Institute Info Session Wednesday December 5th

Startup Ideation Bootcamp Wednesday December 12th

If you’re in Charlotte and want to weigh in on Founder’s Institue coming to Charlotte click here

MassChallenge Startups Have Created Thousands Of Jobs

Most people feel that the most important factor of the innovation and startup buzz is job creation. Startup America is one of the biggest proponents of startups leading to job creation. Most startup incubators and accelerators across the country pride themselves on preparing startups for job creation. One of the nation’s largest startup accelerators, MassChallenge, has been doing just that, creating jobs.

In a report with an accompanying infographic by Analogue Studio, MassChallenge has released their job creation figures over the last three years. The number is incredible.

According to their data, MassChallenge has created 2,912 new jobs. As MassChallenge reports, and we agree, these are “high impact” jobs. We’re not talking about the kind of jobs your neighborhood franchise entrepreneur is creating. MassChallenge startups are creating programming jobs, marketing jobs, business development jobs and more.

To date the 2010 MassChallenge class has created 1,060 new jobs. The 2011 class has created 1148 jobs and the 2012 class is well on their way having already created 704 jobs and the class hasn’t even been over for a month.

Linkage:

MassChallenge is here

Here’s more MassChallenge coverage from Nibletz

Meet over 1000 startup entrepreneurs, investors and accelerators here

Atlanta: Points Of Light, Starbucks & Village Capital Announce Social Startup Accelerator

Points of light, the world’s largest organization dedicated to volunteer service along with Village Capital have teamed up to launch a social entrepreneurship focused startup accelerator in Atlanta.

10 social startup teams have been selected and are coming together this week in Atlanta for an intense 12 week accelerator bootcamp. The 12 startups will receive access to mentoring, education, peer support and networking. Along with that each team has received a $10,000 seed investment. At the end of the session, the 10 startups will choose two startups from their peer group to receive additional $50,000 investments to help bring their startups to life.

The 10 startups kicking off the accelerator’s first class are:

AltruHelp (Boston) is building a software solution and online community to increase volunteerism and millennial civic engagement.
Bould (Denver) connects students with the real-world experience necessary for green careers.
CareerVillage (Boston) helps working professionals provide career information and advice directly to students.
Generation Citizen (New York) empowers young people to become engaged and effective citizens.
GivKwik (San Francisco) is a social, mobile and web platform that inspires impulse philanthropy.
HopeMob (New York) unites strangers to rally behind people with pressing needs.
Moneythink (Chicago) makes financial literacy relevant and fun for urban 11^th and 12^th graders.
MyMaryland (Silver Spring, Md.) is democracy’s first 24/7 online town hall.
Smallknot (New York) is a community crowd-funding platform for small business.
UBELONG (Washington, D.C.) provides high-impact, affordable international volunteering opportunities.

PwC Charitable Foundation and the Starbucks Foundation are also supporting the socially driven accelerator.

“Supporting productive and disruptive innovators in the research and design of sustainable, scalable programs that drive charitable endeavors is an important part of our giving philosophy,” said Chris Simmons, president, PwC Charitable Foundation, Inc. “We congratulate the 10 start-ups selected for the accelerator and look forward to seeing their individual plans to catalyze social change through innovation in the areas of education and humanitarianism.”

“At Starbucks, we believe strongly in the power of the entrepreneur and the opportunity for businesses to be the catalyst for change in their communities,” said Adam Brotman, chief digital officer, Starbucks. “We are honored to support this program and look forward the success of these ventures.”

“Entrepreneurs are bringing new thinking and innovative business models to the critical work of helping others,” said Ayesha Khanna, president of Points of Light’s Civic Incubator. “We are pleased to help these 10 promising teams successfully launch civic ventures to drive social good in communities across the country.”

“Over the next three months, these enterprises will get the best support and the toughest criticism they’ve ever received from their peers,” said Ross Baird, executive director of Village Capital. “We’ll focus on everything from customer validation to board-building to fundraising to financials, and we expect that the collaboration of these amazingly talented people will be a force multiplier for their success.”

Linkage:

Find out about Points of Light here

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Several Atlanta startups will be here, will you?

Nashville: Jumpstart Foundry’s Marcus Whitney Named CTO Of The Year By Nashville Technology Council

Marcus Whitney, Jumpstart Foundry, Nashville startups,accelerator,Moontoast, Boston startup,startup,startups,startup news

(photo: marcuswhitney.com)

Marcus Whitney is a renaissance man of sorts when it comes to entrepreneurism and startups in Nashville and Boston Massachusetts. Some of his credentials include being an advisor and curriculum lead at Nashville’s Jumpstart Foundry accelerator where he traditionally fires up the troops on day one. He is also an advisor to several Nashville area startups, co-founder of Southernalpha.com and an overall leader in Nashville’s startup community.

It’s actually for his day job though, as the CTO of social marketing, commerce and analytics startup Moontoast that has earned him the title of CTO Of The Year by the Nashville Technology Council.

Moontoast was founded in 2008 as a social knowledge base provider that eventually led to the social marketing and analytics suite that they employ today to companies big and small including some on the Fortune 500. Their stable of top-shelf clients include branding power house Proctor & Gamble, Ford, Kirkland’s, and Universal. Even Nashville country powerhouse record label Big Machine records uses Moontoast, you may have heard of their superstar Taylor Swift.

Whitney has grown to become an expert in the world of social and email engagement. Prior to starting Moontoast in 2008 he spent the previous four years of his career as Director of Technology and Partner at Emma. Emma is an email marketing firm that uses creative, out of the box approaches, to again engage their over 10,000 customers.

Whitney’s energetic personality and real life experiences have led him to be engaging in person as well. In different discussions with Whitney we’ve talked about how he and his team at Jumpstart Foundry are able to pull the real entrepreneur and founder out of a startup. Some startups come into the three month accelerator program with a great idea and a horrible pitch. Whitney is able to pull the real message out which has actually led to follow on funding for several program startups.

Whitney’s latest startup is Southernalpha.com a regional tech blog focused on high growth potential startups and technology in the southeast. They’re centralizing out of Nashville at the moment with plans to rapidly expand across the south east in the same way that Silicon Prairie news covers the Silicon Prairie.

Whitney was honored at the annual Nasvhille Technology Council Awards on October 23.

Linkage:

Moontoast is here

Jumpstart Foundry is here

SouthernAlpha is here

Everywhere else is here

Calling All Startups Seed Hatchery Applications Now Open! Get A Free Ticket To Everywhereelse.co

Seed Hatchery, the startup accelerator in Memphis Tennessee is looking for a few, well really a bunch of great entrepreneurs and their startups. They’re looking for the type of entrepreneurs that are committed to growing their startup long term and aren’t afraid of hard work.

Seed Hatchery is now taking applications for their third class. The cohort based accelerator will begin in February and run for three consecutive months. At the end of the session you and your company will be ready to pitch real investors for opportunities to invest in your business. In the meantime you’ll be backed by the 3M’s Money, Mentors and a marine style bootcamp, in Memphis.

Although sometimes overlooked, Memphis is one of the most entrepreneurial minded cities in the world. Going back nearly 100 years, Memphis Tennessee was the epicenter for this little thing called “cotton” you may have heard of it. It was cotton and the cotton exchange that spurred one of the largest investment banks in history, Lehman Brothers.

Beyond that, other globally known phenomena like rock music (the blues), Elvis Presley, and R&B radio have their roots firmly planted in the Bluff City.

Is that not enough? Perhaps you’ve heard of this company that delivers packages via planes and trucks, overnight, yes FedEx was born and based in Memphis. Holiday Inn was born in Memphis as was Serv Pro, and Autozone.

With an entrepreneurial pedigree like that you can be assured that the mentor pool for the 2013 Seed Hatchery CoHort will be stronger than most regional accelerators Seed Hatchery’s size.

Seed Hatchery was the partner for the recent Zeroto510 medical device accelerator in Memphis where 5 of the 6 teams received follow on funding of over $100,000. One of the teams went on to immediately raise over 2 million dollars. While some startup communities are still just getting started, Seed Hatchery is backed by Launch Your City which has been working on strengthening entrepreneurs and their startups for the last six years.

If you’re a Memphis area entrepreneur or in any area and ready to relocate to Memphis it’s a great place to work and a great place to build a business. Not only that, but even though the accelerator is in the thick of the winter, it’s never ver cold in Memphis.

If you’re startup is chosen to participate you’ll receive a seed investment of $15,000, access to a very strong mentor network and a strong investment community. Seed Hatchery is looking for startups that are in the area or willing to relocate for the entire 90 day cohort and stick around Memphis to tap into the investor, entrepreneurial and startup community in the region after that. To kick off your stay in Memphis TN every team and their members selected for Seed Hatchery will receive a free ticket to the three day startup extravaganza known as “everywhereelse.co The Startup Conference” where you’ll get to see the great speakers already announced and have a small group session with recent graduates from TechStars, 500Startups, The Brandery and previous graduates of Seed Hatchery.

Applying is free and the application is open now. It’s not for the faint at heart but if you’re passionate about your idea and hard working, if you’re not afraid of rolling up your sleeves this is for you.

Hit the links below.

Linkage:

Here’s the application for the 2013 Seed Hatchery cohort

Seedhatchery.com

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Chattanooga, America’s First Gig City, Welcomes 500 Startups For Will This Float At GEW

One of the biggest misconceptions in the startup and tech space is that Kansas City and Google were the first to offer 1GB Ethernet to businesses and residents. While we love Kansas City startups it’s actually Chattanooga Tennessee that was first with citywide 1gb Ethernet to homes and residences.

Chattanooga has been doing some very big things for entrepreneurs and startups lately. Back in August we brought you exclusive coverage of the GigTank Demo Day. Chattanooga has also been aggressively recruiting entrepreneurs and startups to the region with economic incentives.

Community leaders Sheldon Grizzle and Enoch Elwell haven’t slowed down either. Among other things, including running the Colab space, Grizzle and Elwell have recently been in Chicago, Nashville and Atlanta evangelizing about one of the most truly beautiful places in the world to launch a startup.

In fact it was at the VentureAtlanta event where Grizzle caught the eye of 500 Startups Co-Founder & Sith Apprentice Paul Singh.

500 Startups is the extremely active and diverse vc firm and accelerator in Mountain View. Although the secret 500 startup lair is physically located in Silicon Valley it’s anything but a valley accelerator. Here on nibletz alone we’ve profiled over a dozen 500 startups, none of them have been from the valley.

This week, as the world gears up for global entrepreneurship week so does Chattanooga. Their signature event pits 15 startups against each other this year, in the “will this float” startup competition. The competition, abbreviated WTF, has grown in both the number of participating startups and prize money/investment. The Times Free Press reports that last year’s winner, SupplyHog, is already making money.

This year the contestants include a new startup aiming to help convert streaming music listeners into active music purchasers. Another innovative idea vying for an investment of up to $250,000.

Another startup competing for the gold is looking to turn Farmville into somewhat of a reality. Entrepreneur Troy Cain plans on building an urban farm that is ultimately controlled by mobile devices. Farmers would be able to buy warehouse space where they would be able to plant their own urban farms. Plant watering, and other needs would be monitored and executed via mobile phone commands.

“People want to have a garden and grow their own food, but they don’t have the space or time to maintain it,” Cain said to the Times Free Press. “We’re looking at making it less than the average people spend on food per month,”…”We think it’ll float.”

Entrepreneurs, other startups and the community can come and see the 15 teams pitch live on Thursday at 6pm on the fourth floor of the public library at 1001 Broad Street. They’ll be showing off a new space that’s dedicated to tech work and will even feature things like lights that dance on the walls in response to tweets.

Linkage:

Get your ticket for “Will This Float” here

Source: Times Free Press

No one covers high growth tech in the South East like nibletz.com

We’ll see you in February

500 Startups Company From Buenos Aires, Wideo, Is The Easiest DIY Video Animation Platform

When it comes time for pitch day there’s something that everybody wants, and that’s a good video. Sure most startups will work for weeks on end on the pitch deck, but going to the slide in the deck that has cute little fuzzy things hacking away at computers, the sunshining and little puppies dancing because your go to market strategy is so great, puts you above the rest.

While most startups, businesses and just your every day people, wish they had great animated videos, most aren’t that creative. That’s why animated video houses make the big bucks,and animated videos don’t fit in the lean startup budget.

Have no fear 500 startups startup, Wideo is here.

Wideo is a do-it-yourself animated video platform. You choose the characters, fonts, backgrounds,lighting, color, sound and more. You put it all together on a very easy to use creation tool, share your computer three times and voila, instant animation. You’ll be producing hit Saturday morning cartoons in no time.

All jokes aside though, Wideo is one bad ass startup and anything that can make my life as a startup founder easier, and at very little cost, is something that I like.

Dave McClure must have liked it to because those guys are creating millions of quick animation videos in the top secret 500 startups lair.

Check out our interview with Agu De Marco one of Wideo’s co-founders, below.

Baltimore Startup bytelion Introducing Crowdfunding Platform For 6 Minority, Veteran Or Women Led Startups At A Time

A software company in Maryland called bytelion is planning on unveiling a new crowdfunding platform by the end of this month. The new platform, called Select 6, is different from every other crowdfunding platform in a couple of key ways.

First off Select 6 is specifically targeting startups and ideas from minorities, women and veterans. These startups are sometimes overlooked by other traditional capital or skipped over on other crowdfunding sites with thousands of projects at a time.

Select 6 will feature 6 startups or ideas at a time. Rather than going to a site like Kickstarter or Indiegogo with thousands and thousands of projects, Select 6 will select six different startups to get funded and after those specific ideas and startups have either reached a time limit or raised their allotted funds, the next six will start the funding process.

Those 6 startups or idea, founders, which Select 6 calls pilots, will also participate in the S6 Startup Accelerator

Crowdfunding is one of the most exciting social innovations to empower creative and socially-minded entrepreneurs in recent years, Select 6 will be the first to channel this medium to provide more resources, exposure to professional mentors, and access to institutionalized funding that many minority, women, and veterans have a hard time finding when they start a business.

Even though minority and women-led ventures statistically perform the same or better year over year when compared to all startups that are angel-funded, a staggeringly low number of angel investors and startup accelerator programs nation-wide have MWV’s in mind or in their programs.

The mission of Select 6 is to help MWV-led startups create success stories in the marketplace and community; To share the education, experience and entertainment that is entrepreneurship & innovation with the public; To create sound investments in promising startups that can scale and expand.

Howard Cheng, founder and Chief Entrepreneur of Select 6, is emphatic about one thing: “We want to help MWV entrepreneurs and innovators find their wings and take flight with the help of diverse communities because we believe in their potential and tenacity. Entrepreneurship and innovation are key engines of economic and community growth, and Select 6 is our solution to addressing a national concern of creating value and jobs in the marketplace.”

Bytelion’s CEO, Terrance McGregor shares: “We are excited to work with Select 6 to develop such a meaningful platform for MWVs. We will continue to serve as a resource for Select 6 and S6 Pilots to get lean in their web development and startup approach. Staying lean and agile is the only way to go for SMEs because we can’t anticipate and predict everything, but we help clients get from idea to product faster with daily incremental improvements and updates that they can track and control. Time after time, we see that going lean speeds up the development process and keeps costs under control.”

Linkage:

Here’s more startup news from “everywhere else”

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We Talk Mobile Payments & Brazilian Startup Culture With 500 Startups’ UniPay

We’re continuing our series of interviews with the latest class of Dave McClure’s world famous 500 startups. One of the reasons we love 500 startups is because of McClure’s commitment to startups in and outside of the valley. Sure the top secret lair and command center for 500 startups is based in the valley but McClure targets startups anywhere and everywhere. He’s also known for his geeks on a plane startup events that are literally all over the world.

Fitting right into McClure’s rockstar requirements is a mobile payments startup from Brazil called UniPay. Mobile Payments definitely aren’t new. Brazilian startups aren’t new either, however when you put them both together it does become a new concept. This is partially because credit card payments in Brazil are a beast in themselves. Unipay’s co-founder Tahiana D’Egmont tells us in the interview below that because of bureaucracy, high fees and an ambivalence with trust that runs in the Brazilian culture, electronic payments are a tough nut to crack.

UniPay is addressing the needs of those smaller merchants that don’t have access to credit card processing. If Payfirma is the “Square” for Canada, than UniPay is aiming to become the Square for Brazil.

Check out our interview with D’Egmont below. She tells us all about UniPay but she also tells us about Brazilian startup culture. One of the things we found most interesting is that most Brazilians are deathly scared of their ideas being stolen, and “fail fast” doesn’t work in Brazil, just yet because Brazilians are afraid of failure.

Read the interview below, D’Egmont does remind us that she’s new to the states and he’s still learning English.

It’s Tea Time At 500 Startups With Hawaiian Startup Tealet

Subscription startups are blowing up these days. It seems there’s a subscription service or subscription box for just about anything (and everything). We’ve reported on, or interviewed, quite a few here at nibletz, including KlutchClub, Bulu Box, FlavrBox and hip hop artist Nas’ subscription startup 12 society.

Today we’ve got Hawaiian startup Tealet. Tealet is about sampling tea just as much as it is about discovering tea. Tealet co-founder Elyse Peterson told us in an interview “Tealet tells the stories of tea growers around the world and allows tea drinkers to explore these teas through a bi-monthly subscription service.”

After the customer gets their tea bi-monthly tea samples they can go back to the tealet website and order larger quantities of the teas they like.

Tealet isn’t about mass produced coffee house teas or even the teas that you can pick up at your local Whole Foods or Trader Joes. Through Peterson’s personal experience, connecting with actual tea growers around the world, Tealet members are getting access to the most interesting and best tasting farm grown teas in the world. Check out the interview below to read how Peterson fell in love with farm grown teas and the farmers who make it.