David Cohen Names Fellow Techstars CoFounder David Brown President

Techstars Boulder graduated their Summer 2013 class last week. Boulder is the original Techstars program and home to the organization’s headquarters which also includes the Global Accelerator Network.

Techstars was originally founded by David Cohen, Brad Feld, Congressman Jared Polis, and David Brown. David Cohen moved into a day-to-day operational role with Techstars. The others were instrumental in the organization’s development but also had other things they were working on.

Since 2006, Techstars has grown into a global organization that in some eyes represents the best of the best in startup accelerators. In this year alone, Techstars announced a new Austin program, took over Excelerate Labs in Chicago, and Springboard in London, bringing the total amount of global locations to seven.

As Techstars continued to expand globally, it became obvious it was time for the team to add another member to its day-to-day executive staff. They looked no further than cofounder David Brown. Brown will serve as Techstars President while David Cohen will continue as CEO. As one of the original cofounders Brown is no stranger to Techstars and definitely no stranger to David Cohen. Xconomy reports that Brown and Cohen founded two companies together in their 20’s before coming back together to found Techstars with Feld and Polis.

“I’m the brand new guy…but I really am an old guy,” Brown said. “I was around at the beginning, and I got to see the first couple Boulder programs get off the ground. I faded away a little bit, I had a different gig, and I’ve been out of the program a little bit for the last three or four years. To come back here and see the quality of the teams and the presentations, to be in the office and meet the managing directors from all the different cities…has been amazing.”

All four Techstars founders were on hand for the Thursday event where Brown was announced as President. Polis also took the stage to talk about immigration reform and its role in the world of startups. Polis has been representing Boulder in Congress since 2008.

With the announcement of a new president, Techstars will be looking to continue to its growth and become the premiere global accelerator.

Here’s more of our Techstars Coverage.

Startup Accelerators: The Hard Advice

GigTank, Mira Designs, Sisasa, TidBit, startups, accelerators

(Lawrence Yu CoFounder of Mira Designs. Photo NMI 2013)

Startup accelerators are great,] because they give young growing startups capital, access to resources, mentors, and hopefully investors. But they aren’t always rosy. In fact, if all your days in an accelerator program are rosy, then you need to run like hell from that accelerator program.

On our sneaker-strapped startup road trip, we’ve had the privilege of meeting several startups in mid session. We’ve seen startup founders cry, scream, cuss, even break things, typically right before they have that “aha moment”. What we normally find is that the hardest piece of advice, and usually the “ugly baby” moment, is very early on in the accelerator. In fact most accelerators engineer an activity on day one or two where mentors, advisors, or even media members are invited in to tear an idea to shreds.

We got a chance to talk with Lawrence Yu, cofounder of Mira Designs, Alejandro Dinsmore, cofounder of Sisasa, and Sam Bowden, founder and CEO of TidBit. All three startups graduated from the GigTank accelerator in Chattanooga, Tennessee, on Tuesday afternoon.

For Yu, the hardest advice came as an eye opening experience that they weren’t the only startup trying to fix offline retail with online components. The team at Mira Designs needed to make sure that they were clearly differentiating themselves from the competition and they needed to do it in a big way.

For both Bowen and Dinsmore, their harshest advice was an ugly baby moment that for both startups meant a pivot. Sisasa totally changed course from the idea they came into the accelerator with. For Bowen it meant going after a different industry, actually an industry he knew more about first hand. The end result of both of their “ugly baby” moments was what most would call traction.

The video below features all three founders talking about their harshest or most eye opening advice in the GigTank.

Check out the accelerator panel with accelerator heads from across the country at this national startup conference.

Tidbit, A Cayman Islands Startup, Is Fixing Training [video]

When Sam Bowen took the stage at the GigTank demo day on Tuesday afternoon, he talked about everything wrong with corporate training. And he should know. He’s been a trainer throughout most of his career. He has trained professionals in state government, the hospitality industry, and non profit organizations. At one point he even had to train judges, which can be an extremely hard task.

Kicking off his pitch, Bowen said, “I can tell you two things have remained constant, a majority of folks hate training,” which drew a chuckle from the crowd of investors and startup supporters in Chattanooga.The second thing, according to Bowen, is that everyone in the hospitality industry focuses on one number: the annual staff turnover rate. The national average annual staff turnover rate is a whopping 65%.

That’s obviously why everybody hates training. With employee churn that high, business owners, corporate trainers, and HR departments are constantly training new employees to do their regular jobs, making it almost impossible to find the time to teach existing employees new things.

Online training in one form or another has been around for nearly two decades. Text and “module” based training or even “knowledge base” training has fueled big corporations, staffing firms, retailers, and chain restaurants since the 90’s.

The problem with those solutions is, as technology improved, training didn’t. The other key factor is that for more and more busy people, the computer is becoming screen number 2. Screen number one is the phone or tablet.

So Cayman Islands native Bowen, his brother, and their team created Tidbit, a startup that incorporates the smartphone and all its available technology to make training materials easy for the trainer to create and just as easy for the employee to consume. Bowen gave the example of a bakery owner who would be able to use her smartphone’s video camera and microphone to walk employees through how to make her latest cupcake designs. The employees can then in turn, watch the content created by the owner and make the cupcake at the same time.

Hotels could use Tidbit to quickly show an entire fleet of housekeepers some new way of making the beds or where a new piece of flair goes in a room. The employees become more productive by having those training modules in their hand, in the room while they’re doing the job.

For employers that want to allow their employees to access the content from their own device, training becomes something that an employee can do on the bus or at home in some down time without the worry of finding a computer.

There’s an unwritten rule across most accelerators: to wow the investors in the room, they save the best startup for last. Tidbit went last, here’s the video:

5 Digital Leaders In Chicago Combine Forces For Ensemble An “Excubator”

There’s been a lot of talk lately about the success rates of both incubators and accelerators. While incubators can go long term, one of the biggest themes among people who doubt the accelerator model is what happens next. Accelerators want to continue to churn out new companies, and some suggest they do it at the expense of previous cohorts.

A lot emphasis is put on the few companies that get follow-on funding and move to the next level, and no one takes into account that most of the companies in accelerator program don’t make it 3-6 more months down the road.

Andre Fowlkes, the co-president of Memphis based Start Co, the organization that puts on the Seed Hatchery accelerator now in it’s third year, recently told the Commercial Appeal that programs with a 3 month bootcamp-style program and 6 additional months of curriculum and training would be a more effective model.

Many agree with that idea, including Jeremy Vaughn the co-founder of Atlantic Beach, Florida’s The Factory accelerator. They take companies through a quick intensive program and then continue to work with them for a year. The Brandery, Cincinnati’s accelerator that often comes in the top 20 in rankings, puts a cohort through the summer and then the companies are welcome to stay around, keep office space, and continue working with the mentors in the community until the next class moves in a year later.

Now, 5 digital services leaders in Chicago, including successful social startup Social Katy, have teamed up to form Ensemble, “a symphony of digital experts.” The concept was called an investment firm by the Chicago Tribune, an incubator alternative by other sources, and an excubator in a press release.

Ensemble is actually a combination of all three.

Red Rocket Ventures (business consulting & capital raising), Ora Interactive (technology development & design), Loud Interactive (search engine optimization), Walker Sands (public relations), and of course SocialKaty (social media marketing) have teamed up to offer startups and rampups a suite of focused services in a one-to-one relationship vs cohort based. All five together encompass most of everything a startup would need outside of technical expertise, which most startups have.

If you were to combine the cost of working with each of the five companies individually to reach a company’s common goals and grow a business, the services would cost hundreds of thousands of dollars. Through the Ensemble group, services in a combined suite will be discounted to startups. They will also offer their services at a substantial discount for an equity stake in the companies they are working with. This is commonly referred to as “creative capital” and is a growing trend across the startup landscape.

All 5 companies will play a part in managing Ensemble with Rocket Ventures Managing Partner, George Deeb, serving as the day-to-day General Manager.

“We created Ensemble to fill a void in the market for entrepreneurs desiring do-it-for-me solutions from a one-stop team of digital experts who have proven they know how to quickly and efficiently scale up digital businesses,” Deeb said in a statement. “The Ensemble alliance structure will best serve clients, given our domain experts’ focus and expertise within their respective niches, and the fact we are all entrepreneurs ourselves. Ensemble is by entrepreneurs, for entrepreneurs, which you would never get in a big conglomerate agency.”

Ensemble is based in Chicago but plans on offering their services to a nationwide roster of clients. You can find out more about Ensemble here at ensemblehq.com

St. Louis Gets New Financial Startup Accelerator SixThirty, Named After The Gateway Arch

The infamous St. Louis gateway arch is both 630 feet high and 630 feet wide. That’s where Cultivation Capital and The St. Louis Regional Chamber came up with the name for a new startup accelerator aimed at financial services startups.

The new SixThirty accelerator will invest $100,000 into four financial services startups twice a year (8 total). Those startups selected will go through a four month accelerator program from St. Louis’ proven leaders in the startup acceleration space. In addition to the typical startup accelerator training, Six Thirty will focus on offering mentors and a curriculum focused around the things financial services startups needs.

St. Louis is rich in financial services companies. Edward Jones, Scottrade, Stifel Financial, Wells Fargo Advisors, and US Bancorp CDC all call St. Louis home. The St. Louis financial services sector currently employs approximately 85,000 people—and is growing rapidly. Employment in financial investment services expanded by an incredible 84% between January 2007 to September 2012 in St. Louis, according to a recent Wall Street Journal article. During the same period the four largest financial services metros lost employment, according to data cited from Moody’s Analytics.

The founding team of the SixThirty accelerators is made up of three individuals with deep ties to the St. Louis startup scene:

Jim McKelvey, co-founder of Square, and general partner at Cultivation Capital
Hal Gentry, serial entrepreneur, and general partner at Capital Innovators
Joe Reagan, president and CEO of the St. Louis Regional Chamber

“We saw a real opportunity to leverage our regional strengths as a financial hub,” Jim McKelvey said in a statement. “Between the growth capital, the experience of our founding team, and the connections with the financial services community, SixThirty will be a welcome addition to the St. Louis startup scene.”

“This is a particularly important initiative, considering the local strength of the financial services industry in St. Louis and how they strive to constantly improve their services,” said Daniel Ludeman, CEO of Wells Fargo Advisors and Chair of the St Louis Regional Chamber, and founding co-chair of the Chamber’s Financial Forum. The Greater St. Louis Financial Forum is charged with accelerating economic development throughout the region in the financial and information services sector.

The Chamber is making a three year financial commitment to SixThirty. Reagan, referencing the recent launch of the Regional Entrepreneurship Initiative, said “We were inspired by the Initiative’s call to action and thought this was a great way to make an impact in a hurry.”

You can find out more about Six Thirty or apply to their first cohort here at sixthirty.co

Monitor Your Older Loved Ones With Sensevery, No Smartphone Required [video]

The GigTank, Chattanooga’s startup accelerator named after their gigabit ethernet, graduated its second class on Tuesday afternoon. Seven startups from across the country and around the world worked through the dog days of summer at improving their companies, iterating, and bringing products to market. When the accelerator announced this year’s application process, co-founder Sheldon Grizzle was looking for startups working on the “the internet of things.”

One of those startups hails from India and is using “the internet of things” to unobtrusively monitor elderly loved ones. As co-founder Bentley Cook said in his presentation, he would call his grandmother on a regular basis, ask how she was, and she always said she was good. But really, what does good actually mean?

Many older folks don’t want to tell their younger family members that something’s wrong. Either they don’t want to be a burden or they don’t want to give up their independence.

Back in the 80’s Life Alert had a system that allowed an elderly person to hit a button and yell out to a speaker box that they’ve had some kind of problem. The token line was “I’ve fallen and I can’t get up.” We all remember the commercials and how big and gaudy the pendant was for Life Alert.

Sensevery is building an unobtrusive device that allows family members to monitor a loved one without disrupting their lifestyle. Cook went through a bunch of devices, including a 1980’s digital watch-looking device, and acknowledged the fact that nobody wanted to wear something like that.

Cook even went as far as to dis Solidus portfolio company, EverMind, which makes a device that monitors an older person’s power habits to see for disruptions in their daily routines. Cook said in his pitch “If your doctor wants to know how often your coffee maker was on, then you’ve got a problem.” Solidus is one of the investment backers of the GigTank program. Aside from that awkward reference, Sensevery may be onto something big.

Their system uses a small bracelet style monitoring device no more obtrusive than a FitBit or other lifestyle monitor. Now typically these devices are synced to an app and a smartphone, but really how many folks in that older generation have a smartphone or the patience to program one.

For those people Sensevery has developed a syncing device that plugs into the wall, and voila. The wall device sends the data from the bracelet to the cloud where loved ones and family members can access the data in the cloud from any internet connected device.

The data coming from the bracelet can quickly tell the person monitoring if something’s not right. Alerts can also be set up to tell the monitoring person the minute something breaks from the norm. If all of a sudden there was no heart rate picked up, the device would also summon emergency personnel.

Cook, along with co-founder Parth Suthar, are hoping that others quickly see the value in the Sensevery platform.

Check out Cook’s GigTank pitch below.

No really click on this link right now, you won’t regret it.

GigTank Demo Day Kicks Off With Princeton Startup Mira

Chattanooga’s GigTank accelerator kicked off their second annual demo day on Tuesday afternoon. In perusing the startups in the second cohort before they took the stage, we quickly realized that startups from around the world were accepted into the program in the first GigCity in the U.S. (sorry Kansas City).

GigTank attracted startups from Bulgaria (HutGrip), The Cayman Islands (Tidbit.co) and of course across this country. One of those startups hailed from Princeton and chose to come to Chattanooga for access to the extremely fast internet and the wide range of mentors, lead mentors, and seed capital that Sheldon Grizzle, Mike Bradshaw, and the team at GigTank have provided.

Mira is the latest startup to tackle the offline retail experience with data points and information typically only found online. Now we’ve talked with a few startups in the space, but what they lacked was an actual hardware/software platform in the store that would allow the customer to get an online experience within the walls of the retail store.

During the presentation they talked about a woman, Michelle, who is looking for running shoes specifically for a 10k. She forgot to do research so rather than postponing the purchase or going “window shopping,” she was able to use the Mira Pod, an in-store interactive sign to choose the shoes that she needed. After she went through her personal experience, she was able to try the shoes on, pay, and get on with her day.

There is definitely value in bringing that kind of web experience into a retail outlet. Check out the pitch below to better understand Mira.

You can find out more about Mira here at shopwithmira.com

Here’s our interview with Mira Designs:

And here’s their pitch video:

UpTech Accelerator Announces Second Cohort

On Friday morning UpTech, the Northern Kentucky accelerator just outside of Cincinnati, announced their second class, dubbing it “the next eight big ideas.” UpTech reports on their blog that 78 startups applied to the program and were narrowed down to 22 semi-finalists. The eight startups selected represent a variety of spaces, a few of them we’ve already covered here at Nibletz.

The eight startups will move into the accelerator’s new Covington headquarters on September 9th. They’ll also receive $50,000 in seed capital, an executive mentor, access to an entire network of mentors and advisors, a one-year Northern Kentucky Chamber of Commerce membership, a one-year Greater Cincinnati Venture Association Membership, and access to resources from Northern Kentucky University’s Center for Applied Informatics.

These are the eight startups that made the cut:

3DLT.com: Recently named “Innovative World Technology” by SXSW V2V, 3DLT.com is the “iStockphoto” for 3D printable designs.
Bearhug Technologies, LLC: Bearhug Technologies is a web-based, connected care platform for behavioral health providers. It enables behavioral health providers to securely use the Internet to locate, connect, and communicate with other healthcare professionals.
Bright!Tax: With clients in over 50 countries worldwide, Bright!Tax is a cloud-based, US income tax preparation firm most sought after by the six million Americans who are living abroad.
Inteo: Inteo is an interactive tool for mathematics-based studies which continually measures and updates student performance. The software provides real-time insight into student achievement, which helps teachers tailor coursework and assess preparedness for state exams.
Liquid: Liquid builds mobile software to collect, store, analyze, and organize any and all data.
New Home Marketing Services: New Home Marketing Services is helping home builders better understand their business opportunities and their competitive landscape with the world’s first customized, real-time data portal to daily marketplace activity. New Home Marketing Services provides powerful data tools through an easy-to-use dashboard that allows for enhanced decision-making regarding inventory management and profitability.
Tixers: By trading your tickets to Tixers, they guarantee the value of your ticket, and you receive points (credit) almost immediately that you can use for other tickets on Tixers.
Touritz: Touritz allows local historians and tour guides to create and upload walking tours and videos, which can be viewed and downloaded to mobile devices. Touritz is cultivating a community of tour creators to share local landmarks and historic sites, art gallery and museum tours, scenic locations, and family destinations.

You can find out more about UpTech here.

Now check out this huge startup conference right across the river.

Tennessee Prepares For Accelerator Week

Last year August was Demo Day month in Tennessee. During the month of August (on consecutive Thursdays no less), Chattanooga’s GigTank, Memphis’ Zeroto510, and Nashville’s Jumpstart Foundry all held their demo days. The month of August was a true testament to the strong commitment to startups and entrepreneurship that exists across Tennessee.

We were fortunate enough to attend all 3 accelerator demo days and a variety of startup events that went along with those programs.

This year, Tennessee has condensed it all into one week, sans the Jumpstart Foundry demo day which is on August 22nd.

The week kicks off in Chattanooga, Tennessee today with some pre-events surrounding GigTank’s demo day on Tuesday. On Demo Day, the current class of startups who spent their summer in the GigTank will show off their work. The startup accelerator, now in it’s second year, gets it’s name from being the first accelerator on citywide gigabit ethernet.

The gigabit ethernet, and big entrepreneurial ideas, are why Bob Metcalfe, the creator of ethernet, is the keynote speaker for the GigTank’s big day.

Wednesday the festivities move about 150 miles northwest to tiny Spring Hill, TN. Spring Hill is home to a major GM plant and, this year, the Southern Middle Tennessee Entrepreneur Center’s autoXLR8R. autoXLR8R focused on technologies applicable to the automotive industry, and as per usual the companies will graduate with a demo day.

Finally we head to Memphis where ZeroTo510 will hold their second demo day on Thursday. ZeroTo510 is the first cohort-based medical device accelerator.

Stay tuned to Nibletz all week long for coverage of demo day week in Tennessee and then again August 22 for Jumpstart Foundry’s demo day.

Don’t forget everywhereelse.co The Startup Conference is also in Tennessee, in February!

Triangle Startup Factory Considering St. Louis For Next Location

Techstars, Dreamit Ventures, and even Bizdom are successfully running accelerator programs in multiple states. It’s a growing trend with accelerators that do well with their original programs, typically in their hometown.

The Triangle Startup Factory has been very successful over the past few years. It’s one of the more popular startup accelerators everywhere else. The program had its first cohort in the fall of 2012, and this spring they completed their third class. The Triangle Startup Factory infuses each company with $50,000 in seed capital and hands on mentorship from their network of active angels, successful founders, and experienced technology experts. This combination is often a recipe for a stellar program.

Chris Hievly, the co-founder off Mapquest and the co-founder and Managing Director at the Triangle Startup Factory will be in St. Louis on Wednesday for an evening startup and networking event called Plug in2 STL, according to techli.com. The regional tech blog, founded by entrepreneur Edward Domain, says that Hievly is highly considering St. Louis for his next accelerator program, and those with creative startup ideas should attend the event to help court Hievly and the startup factory.

The free event also includes a tour of the new @4240 startup space. If you’re in the St. Louis area, you can get free tickets by following this link.

photo: Trianglestartupfactory.com

This huge national startup conference in Cincinnati is encouraging startups to “start where u are”

Startups In The Fastlane: Flashstarts Startup RegulatoryBinder

While Richard Arlow was pursuing a dual MD/PhD at Case Western Reserve University he experienced the pain first hand that so many doctors, researchers and scientists experience far too frequently.

“I realized that my clinical collaborators were killing themselves to painstakingly record data in hundreds of pages in paper regulatory binders. They would get audited and after two days of searching, the auditor could always find some way to show that the documentation was not accurate, complete or current. Their trial would then be completely shut down, sometimes just over a single missing signature.” Arlow told us in a FastLane interview.

We’ve heard this before from our friends going though the ZeroTo510 accelerator in Memphis, and others in the medical and life sciences startup fields. We also found out that restarting a trial, even after being shut down for something as small as a signature can cost thousands upon thousands, if not millions of dollars. This of course is a huge pain point and a huge problem.

Arlow is hoping to solve this problem with his SaaS solution for the regulated medical industry. RegulatoryBinder is an enterprise document management (EDM) web app specifically for clinical trial regulatory documentation. When researchers, scientists, and doctors integrate their research with RegulatoryBinder, the system will help them keep all of their documentation organized, current and in compliance, saving millions of dollars.

Check out our Startups In The Fastlane interview with Arlow below:

Where is your startup originally from?

Cleveland, OH

Tell us about your current team?

As the sole founder of RegulatoryBinder.com, I am a medical geek who unexpectedly became an entrepreneur. I was trained as a biomedical engineer and started a device company at Lehigh University in PA. The company created a clinical grade device, several patents, and was named one of BusinessWeek’s Top 25 Under 25 in 2010.

As for my education, I went to Case Western Reserve University to pursue a dual M.D. / Ph.D. degree again in biomedical engineering. I conducted clinical trials, particularly supercomputer simulations for medical research. I have presented at conferences and have been published in top journals, including Elsevier Neuroscience.

Throughout my involvement in clinical trials

So, I started RegulatoryBinder.com and have since taken leave from the M.D. / Ph.D. program to pursue this opportunity full-time. I have built a strong team of advisors and developers that compliment the vision.

What does your startup do?

We are a software and service provider for the regulated medical industry.

We developed the first clinical trial regulatory software (CTRS). The software is an enterprise document management (EDM) web app specifically for clinical trial regulatory documentation.

We are also the only hosting provider that assumes responsibility for eRecord regulation compliance for instant, risk-free use.

Without RegulatoryBinder.com, institutions need to perform additional procedural controls (i.e. training, backups, tech support, access control) and validate software technical controls, in order to comply with regulations. The performance of these controls comes with additional cost, time to implement, numerous procedures and still the risk of non-compliance.

Existing comparable eClinical software takes $3-5M and over 1 year to implement. We bundles these procedures and risk for the user whining their license cost, and provide them with the ability to electronically complete their regulatory binders in the shortest possible amount of time. We can thus exceed both customer and regulatory expectations while lowering total cost.

What are your goals for the accelerator program?

Throughout the rest of the accelerator program, I plan to close more clients, finalize our next major release and start our next funding round – while ensuring that the needs of existing customers are still being met.

What’s one thing you’ve learned in the accelerator?

Iterate everything. As a startup, you have to iterate—or rethink, adjust, change everything you think you know. Iterate your client and investor materials. Iterate your product. Iterate your quality, support and sales strategies. Then iterate your vision, which will cause you to iterate all the former. Of the most importance, iterate how you iterate and manage operations. Have defined and realistic goals, metrics and timelines for all iterations.

What’s the hardest piece of advice you’ve had to stomach so far?

Doctors don’t make great businesses (on average), so if I want to make a great business, I need to focus 110% of my energy solely on that goal.

I became a doctor to help individuals.

I’ve become an entrepreneur to make a great business and help society.

What is your goal for the day after demo day?

It’s just another day. I’ve got to talk with potential clients, support users, engage the developers and raise money.

Why did you choose this accelerator?

I was not looking to join an accelerator. I did not need the money or experience of being in an accelerator. And, if you look at the math or history, almost all companies from accelerators fail.

I chose FlashStarts because of the team, environment and enterprise-IT focus. It was the right choice for me and has enabled me to scale the company.

If you relocated for the accelerator are you staying in your new city?

I am a Clevelander.

What’s one thing you learned about an accelerator that you didn’t know when you applied?

I was gratefully surprised by the integration of business, development and designer interns that work with my team.

This enabled me to start assigning tasks and focus on core deliverables, like learning how to be a CEO. :)

Where can people find out more?

www.RegulatoryBinder.com

Check out more of our Startups In The Fastlane interviews here.

Startups In The Fastlane: Jumpstart Foundry Startup Gun.io

Gun.io, like “gun yo, think hired guns,” Teja Yenamandra told us about the name of his startup. Gun.io is currently going through the Jumpstart Foundry accelerator in Nashville’s brand spankin new Entrepreneur Center. They’re the latest startup we’re featuring in our new Startups In The Fastlane series.

Jumpstart Foundry is in the midst of its fourth class, which will graduate on August 22nd.

Gun.io is connecting clients with hackers. If a company is looking for a rockstar ninja developer, they will find him or her on gun.io. The team at gun.io realizes there are plenty of startups already in the space. Even venture backed startups that have expanded nationally have succumbed to failure, like the popular path.t0.

That doesn’t have the gun.io team worried one bit. In our interview below Yenamandra tells us “Other sites let you hire adequate software developers; we try to cater to the best. Software development is a subtle art, and the difference between a shitty developer and a great one is pretty significant. There are a few sites that are working on the same problem, and many of them are quite good. Others are not. It would be rude to mention any by name, but we think we’ve got the problem identified better than they do, and we think we’re able to keep building a solution both sides (hirers, hackers) want more.”

Check out the rest of our interview with Yenamandra below:

What is the name of your startup?

Gun.io (gun-yo). Think hired guns.

What accelerator are you in?

We’re a part of Jumpstart Foundry in Nashville, TN, one of the oldest accelerators in the country. It’s backed by Solidus Company, one of the best, most progressive VCs in the game right now. And we say that as entrepreneurs. In fact, we were pretty reluctant to accept money, even a nominal amount, since we were already making it. But Solidus is awesome. They get it. The South’s technology ecosystem owes them a tremendous amount. Shout out to Vic Gatto, Townes Duncan, and all of the LPs who made it possible.

Where is your startup originally from?

We’re a distributed team out of CA, TN, and PA. It’s cheap, there’s less distractions with management process, and much more freedom to produce. Plus, our community of made up of freelancers and clients who work often in a remote fashion, so it’s fitting that it’s exactly how we built our own company.We get it how we live. And we encourage others to do so as well. That said, it’s nice to mostly be in the same place for now. We’re not entirely what the future holds for us, however. You can build a massive technology company anywhere these days — and that’s the exciting part.

Tell us about your current team?

Hackers and hustlers, baby. Rich Jones is a technology beast, and was named by Intel as one of the “30 under 30 to watch.” JohnPaul’s worked in business development for an Asian master franchising firm and as a portfolio analyst for Merrill Lynch. Teja Yenamandra’s worked for a consulting firm as well as an early employee for a startup in Shanghai that sold for $65M in under two years. They all know each other from university, and from working together in Shanghai, China.

What does your startup do?

Gun.io helps clients hire hackers. Other sites let you hire adequate software developers, we try to cater to the best. Software development is a subtle art, and the difference between a shitty developer and a great one can produce is pretty significant. There are a few sites that are working on the same problem, and many of them are quite good. Others are not. It would be rude to mention any by name, but we think we’ve got the problem identified better than they do, and we think we’re able to keep building a solution both sides (hirers, hackers) want more.

What are your goals for the accelerator program?

Build more awesome stuff, sell said awesome stuff. The only two goals any startup should have.

What’s one thing you’ve learned in the accelerator?

We knew agile software development. We now practice agile business development.

What’s the hardest piece of advice you’ve had to stomach so far?

Shave.

What is your goal for the day after demo day?

Build more awesome stuff, sell said awesome stuff.

Why did you choose this accelerator?

Vic Gatto, David Ledgerwood, Julia Polk and Shawn Glinter. They’re awesome, all are major players within the startup ecosystem here in Nashville, and were the four people who convinced us us to join Jumpstart Foundry.

What’s one thing you learned about an accelerator that you didn’t know when you applied?

Speed is the only advantage a startup has.

Where can people find out more?

http://gun.io

Madison Entrepreneurs & Civic Leaders Team Up To Create Starting Block

Madison, Wisconsin has a budding entrepreneurial and startup community. Last year, on our sneaker-strapped startup road trip, we had an impromptu trip to Madison, and they assembled about 40 startup founders in less than 3 hours to meet with us. The following day we toured their startup ecosystem, and we were quite impressed.

While the startup ecosystem in Madison continued to grow, they lacked an epicenter like Chicago’s 1871 or DC’s 1776.

Well, a few weeks ago, Madison Alderman, entrepreneur, and founder Scott Resnick told us they were working on something big and now that has become a reality.

A group of Madison entrepreneurs and civic leaders announce the formation of StartingBlock Madison and the signing of a memorandum of understanding with the property owner to explore development of the Kleuter Building (former Mautz Paint building) into an entrepreneur center. StartingBlock Madison has solicited requests for proposal for development from leading development companies and anticipates selecting a development partner later this summer.

StartingBlock Madison’s goal is to create a centralized location for the Madison region’s entrepreneurial activities. The facility will provide Madison-based startups with affordable, flexible office and co-work space, accelerator support, peer and mentoring resources, education and training, and community building activities.

StartingBlock Madison’s facility will provide:
• a permanent home for Sector67, Madison’s successful makerspace/prototyping center for next-generation manufacturing technologies
• a location for gener8tor, a startup accelerator that provides expertise, mentorship, and capital through a 12-week intensive curriculum
• subsidized office space with short-term leases and flexibility for young startups
• quality at-market office space for high growth companies
• a healthcare IT incubator to support the growing number of healthcare IT startups
• space for other entrepreneurial resources, such as funders, investors, law firms, and other professional service providers
• community and auditorium space for Capital Entrepreneurs and other entrepreneurial activities and events.

“gener8tor is thrilled about the possibility of harnessing the cumulative brainpower, innovation, and array of resources from across the Madison entrepreneurial ecosystem into one unified, community hub. We anticipate the synergies and random connections that will be created by StartingBlock will lead to exponential benefits for Madison and the surrounding region,” gener8tor co-founder Troy Vosseller told Nibletz via email.

Resnick says that they hope to open the doors on the new Starting Block next fall.

Image: Kleuter Building

Startups In The Fastlane: NMotion Startup Cinnamon Social

The Cinnamon Social team, accelerating at the NMotion startup accelerator in Lincoln, Nebraska, has discovered that having a social media strategy isn’t enough. Beyond that, they’ve even found that just pure aggregation isn’t enough either. Companies need to find what people are having conversations about, and then have a way to engage those conversationalists.

Cinnamon Social is doing that with their product called Cinnamon Post, which is built on technology they call voice intelligence or VI.

Cinnamon Post and the VI technology are able to analyze and identify the content that creates conversations. It can then assist users by adding the company or brand’s voice into that social conversation, closing the gap from pure aggregation.

We got a chance to talk with Cinnamon Post co-founder Holly Petersen in our latest Startups In The Fastlane interview. In this series we talk with startups that are currently going through a startup accelerator, giving our readers and community a true feel for acceleration. Check out our interview below.

What is the name of your startup?

The name of our company is Cinnamon Social, and our product is called Cinnamon Post.

What problem are you solving:

Over the last several years we’ve discovered that it’s not enough to help businesses strategize their social media efforts. You can have a GREAT strategy and not know how to use it or what content to post each day. Companies of all sizes struggle with this. Cinnamon Post is a software designed to solve this problem. We not only zero in on a companies industry-specific content, but we also analyze the content that creates the conversations with their followers so that we can produce more of the content that matters and that generates relationships and loyalties. From there, the software takes an additional step in that we put a companies posts/tweets etc. into their brand/company voice. We like to call it, voice intelligence (VI). VI is an additional and important step that our algorithm incorporates into the intelligent content that’s produced for our customers.

Why now?

Content is king, right? Content is awesome, but that’s only if you’re posting the right content – the kind of content that generates discussion. This translates into followers, shares and so forth and ultimately visibility for businesses. Social media is all about relationships and only extremely soft sells are welcome in social media, so businesses need to take a calculated approach and maintain consistency and the integrity of their brand when they venture out into social media. Companies are starting to realize finally that social media isn’t going anywhere and if they want to continue to compete, they need to get on the social media train and take is seriously.

Who is your competition?

Tools are starting to emerge now for content. Adobe has an enterprise level content tool and an accompanying analytic suite and so does RallyVerse, but this really isn’t what Cinnamon Social is interested in doing. We really want to focus on quality content and how it’s delivered (VI), keeping it simple and straight forward to use. Companies like BuzzSpice, which is in beta right now and a company called Content Gems more closely match what we’re trying to do.

What’s your secret sauce?

Our secret spice, as we like to call it is our voice intelligence. Coupled with our precision content, our algorithm can weigh what’s important to customers and what they find attractive, in essence. Based on this, the content suggestions get more intelligent and when you further dial that down to delivery in their branded voice – you’ve got some seriously tasty content!

Where are you/were you based before NMotion?

We are and have been based in Lincoln, NE.

Why NMotion?

We’ve been marinating on this tool for a while, the timing and how best to deliver it. Businesses need this tool now and the NMotion program is providing the rigorous accountability and tools that our team needs to deliver our solution in the leanest, quickest and most flexible approach possible.

What’s one lesson you’ve learned since the NMotion session has started?

Keep moving! Every day matters, especially in the in the world of technology.

Where can people find out more?

You can visit our website at cinnamonsocial.com and our various social media feeds at facebook.com/cinnamonsocial and @cinnamonsocial.