Chicago Startup Bus Team: MyBestRX Pitches In Startup Bus Finals At [sxsw]

MyBestRX, Startup Bus,startup,startup pitch,sxsw,sxswiA team of ambitious entrepreneurs, that hope to tip the scale when it comes to enabling affordable local healthcare, completed the first in their suite of mobile apps, designed for just that, while on board The Startup Bus.

The idea behind MyBestRX is simple. When people purchase prescription drugs from the pharmacy, there is no standard “MAP” pricing. You could very well find your prescription at your pharmacy for hundreds of dollars, and find it a mile down the road for half of that.

MyBestRX hopes to solve the problem of looking for the best price on prescription drugs. The app will allow you to key in or speak your prescription and it will return results based on both proximity and cost.

Other features include the voice response, as described above, and the ability for the user to take a photo of their current prescriptions and have it filled by way of email or fax directly from mobile.

MyBestRx positions themselves as “A Personalized Rx Concierge”, perhaps the easiest way to find and purchase prescriptions.

Check out the video below and for more info visit nibletz.com keyword: SXSW

Steve Case & Ted Leonsis, Can These Two AOL Men, Save Social Local Commerce?

Steve Case,Ted Leonsis,Daily Deals, Groupon,Living Social,sxsw,sxswi

Steve Case (file photo: NMI)

Two of Washington DC’s powerhouse investors, Founder of AOL Steve Case, and owner of the Washington Capitals and Washington Wizards, Ted Leonsis, work side by side on many deals. Both are heavily involved in Case’s investment company Revolution.

Leonsis has been involved with Revolution Growth since it’s founding, however he has no financial stake in Revolution Growth I investments. Leonsis and Case have worked together since the AOL days, where Leonsis was a member of active management for 13 years, retiring in 2006.

They continue to work together today, although both are invested as individuals and separately in daily deal competitors Groupon and LivingSocial.

While many know that Groupon’s typical strategy, at least pre-ipo, was to quickly buy up competitors across the country, Living Social has always been on it’s own and will most likely stay that way.

We’ve seen the turmoil that both companies have been going through as of late. Groupon fired it’s founding CEO poster boy, Andrew Mason and quickly installed Leonsis and Groupon co-founder Eric Lefkosky as Co-CEO’s until a new CEO can be named.

Back in the DC area Living Social has been going through some problems of their own.A little over week ago, the investors in Living Social basically took back the company with an emergency $100 million dollar investment, which according to many sources, including privco.com, rendered all previous stock, even employee stock, worthless.

(PrivCo EXCLUSIVE): LIVINGSOCIAL Receives Emergency $110M Debt (“Equity” In Name Only) Infusion From Existing Investors With Oppressive Terms, JUST DAYS FROM BANKRUPTCY, Effectively Handing Over Distressed Co. to Today’s Financing Participants…Implied Valuation Incl All Req’d Payments: JUST $330M, DOWN 94% FROM $5.7 BILLION In Dec. 2011 V.C. Round…Pure Equity Was NOT Issued Today (As Has Been Widely Misreported)…Instead, A Desperate LIVINGSOCIAL Accepted A COMPLEX Series of Secured-Convertible-Debt-Like Securities With Onerous Terms (PrivCo Has Confirmed Exclusively) Including: (1) Liquidation Preferences of SEVERAL TIMES the $110M In Debt (2) Mandatory Cash Dividends Due (3) “Super-Warrants” And/Or Large Lump-Sum Cash “Elimination” Payment, (4) Secured Against Co. Assets and Stock, (5) Repayment of the $110M “Loan” in 4 Yrs w Add’l Payments, and (6) Re-Pricing of Participating Investors Earlier Rounds…Employees’ and Founders’ Common Stock Now Worthless. (industry trade publication privco said on their site)

A former LivingSocial employee, on condition of anonymity, told nibletz.com that friends of hers in the sales department hadn’t seen a paycheck in nearly two months, before the most recent cash infusion.  A current LivingSocial employee, also speaking on the condition of anonymity, told us that the company was right on the cusp of some big ideas with both technology and sales and that no one wanted to see the company shut down.

Case was rater bullish on LivingSocial when speaking at the TechCocktail event at SXSW on Saturday afternoon. He said that despite what’s going on with the company, LivingSocial does have the potential to become the next AOL.

Many may recall how Case was instrumental in the biggest media merger of all time beween Time Warner and AOL. Although he is held highly responsible for the merger, he agreed to step down as CEO after that merger closed. While the outcome was far from the results they were expecting, AOL is still a big player in online media and is again seeing forward momentum.

Groupon has already pivoted since their value began declining shortly after going public. They now offer Groupon Goods, an almost Amazon competitor, that is the backbone to where the company is headed.

While LivingSocial hasn’t done anything that drastic just yet, they do have some new technologies in the works.

Case has never been one to turn down the long hall. At 54 he has plenty of time to see some of his investments pay off ten fold. ZipCar, a big investment for Revolution, was just recently sold to Hertz with a huge return to investors. The company was in a position where they didn’t necessarily need to take that deal, but it was right.

While four years may seem like an eternity to a startup, from reading all of the language in various stories about the recent LivingSocial bail out, the investors are giving the team four years to turn things around. Which, may be just enough time.

Meanwhile across the hall at Revolution, Leonsis has taken on much more responsibilities for day to day operations at Groupon.  “There is a ton of negative sentiment in the press about this company, and I think people don’t separate the signal from the noise,” Leonsis told The Verge, “We have $1.2 billion in the bank. We have basically zero debt. And this last quarter, we had an operating profit. Yes, with one-time write downs, there was a loss. But the fundamentals of this business are sound.”

With Leonsis balancing Lefkosky’s Yang, and Case and company giving Living Social four years more breathing room, two men from AOL may have just saved daily deals.

Watch this video with Case’s remarks, this past Saturday at SXSW, on Living Social:

Steve Case talks about the importance of crowdfunding to early stage startups.

 

Meet BriefSkate The First Team To Build A Product On The Startup Bus, And It Kicks Ass [SXSW]

Briefskate,Startups,startup pitch,sxsw,sxswi,Startup Bus

Briefskate team pitches at The Startup Bus Finals (photo: NMI 2013)

On Friday night at SXSW we attended the Startup Bus finals at the Rackspace lounge on 4th street in downtown Austin. We saw the best of the best from the teams that competed while traveling 60mph across the country, and from Mexico.

The teams competing in the finals came from the semi-finals when The Startup Bus busses parked in San Antonio on Thursday night. A Startup Bus alumni team also competed in Friday night’s finals.

They competed in front of a panel of judges which included Robert Scoble and Dave McClure.

One of the teams really impressed the judges and the nibletz team as well. In fact, Dave McClure immediately started taking pictures of the BriefSkate, skateboard with his iPhone as soon as the team put the skateboard on the stage.

BriefSkate is tackling a new issue. More and more people are resorting to skateboards, not just as a form of recreation, or to impress a bunch of hipster chicks with their skills, but for actual commuting. Turn to New York City, San Francisco, Chicago, Miami, Baltimore and of course Austin and you’ll see people actually commuting to work on a skateboard.

The BriefSkate Skateboard was created and prototyped in 72 hours (photo: NMI 2013)

So what has this team done to revolutionize skating? They had a skateboard built with a compartment to hold  your laptop, papers, cell phones and chargers. The BriefSkate even has a handle so you can carry through the lobby at your Madison Avenue building like a brief case.

Every team had 4 minutes to pitch and 4 minutes for feedback but Scoble was so curious he gave the team an extra 30 seconds to explain just how they were able to get a product actually created in 72 hours.

The Briefskate team said on the first night they drew up the CAD drawings and emailed them off to a 3d printer. The 3D printer had to overnight the 3d mock up to the busses next overnight stop. With the 3D printed mock up in hand the team tweaked the design and shipped that off to a manufacturer in Florida, who returned the prototype via Fedex to the Rackspace headquarters so the team actually had a product.

The prototype is a little rough, it’s admittedly a little bit bigger than the team would like and the hinges are exposed as they would be on a cabinet, but nonetheless it is still a great idea that will most likely see the light of day.

Check out the video of The Startup Bus’ first product produced in three years below. And of course with a product built they already have a website up, you can find out more about BriefSkate here at briefskate.com

Like what you see, there’s much more SXSW2013 coverage here!

Chicago Startup Tackling Childhood Obesity Catches The First Lady’s Eye [SXSW]

Jungo,Jive Health,Chicago Startup,SXSW,SXSWi,Capital Factory,Interact Expo,Andreessen Horowitz, a16zChicago entrepreneur, investor, community leader and organizer of Startup Grind, Tom Denison, had his biz dev hat on at the Interact Expo at SXSWi on Friday. Denison is also the VP of Marketing and Development for Chicago based Jive Health.

Jive Health is the developer of the game Jungo which aims to help prevent childhood obesity.  According to the CDC approximately 12.5 million children are obese, and when there’s a problem, there’s a startup for that.

Jungo is a really cool interactive game where the child playing needs to make recipes in order to win. For instance, one of the recipes is peanut butter and apples. The game may already have virtual peanut butter, the child would then have to find an apple in their home and take a picture of it.

Jive Health’s founder, Dennis Ai, couldn’t make it to the IneractExpo at SXSW, despite the fact the event was co-sponsored by Andreessen Horowitz. He had an even more important audience on Friday, First Lady Michelle Obama. She is talking to technologists, entrepreneurs and founders who are tackling children’s health issues.

While they are attacking a nationwide problem of childhood obesity, Ai and Denison are also very active in the Chicago startup community. Denison is a startup community leader and the Chicago area organizer for Startup Grind.

In the video below we talk about Jungo, Jive Health, Chicago Startups and Startup Grind Chicago. Check out the video below and for more information on Jive Health click here and for Startup Grind Chicago click here.

No really we have a TON of SXSW 2013 coverage here

 

Chicago EdTech Startup ThinkCerca Pitches At SXSWedu

ThinkCerca,Chicago startup,EdTech,startup,startups,starup video

ThinkCera founder Eileen Murphy Buckley pitches at SXSWedu (photo: NMI 2013)

50 years ago, a student challenging a teacher would be cause for a good paddle beating or wrapping on the students fingers with a ruler. Today, not so much.

Argumentation is now at the core of the new  Common Core State Standards, and distinguished Chicago educator, Eileen Murphy Buckley, understands that with a passion. As the former Director of Curriculum and Instruction for over 100 Chicago Public Schools,  Buckley oversaw the implementation of this kind of curriculum system wide.

Now she’s turned these important fundamentals into ThinkCerca a platform that helps build students critical thinking ability.

With argumentation we’re not talking abut back talking the teacher, Buckley and progressive educators worldwide are teaching students how to create valid arguments about everything built on five principles; claim, evidence, reasoning, counter argument and audience.

“ThinkCERCA is harnessing the unique combination of deep subject area knowledge, hard-earned, pedagogical design skill, and research-based expertise to build a marketplace that will give school districts economic access to the world’s largest selection of high quality literacy lessons. Unlike a the limited selection available in a static textbook, our dynamic marketplace will offer a distribution channel for expert teachers to refresh and deepen the lesson library in ways that both students and teachers find valuable.” Buckley wrote in a guest post to Chicago based Technori.

ThinkCera made it to the final round in the LAUNCHedu startup showdown as part of SXSWedu in the K-12 category.

Check out their pitch below:

 SXSW team coverage from nibletz.com can be found here.

Andrew Mason’s Farewell Memo Gets Rap Geniused By Marc Andreessen And Ben Horowitz

Groupon,Andrew Mason,Marc Andreessen,Ben HorowitzAndrew Mason was hot news this week. As you all undoubtedly know by now, the CEO of Groupon is CEO no longer. We didn’t report on Mason’s firing earlier because everyone else did and our good friends at Business Insider wrote so many articles about it we made up a drinking game.

Today though, we found out some epic news. Marc Andreessen and Ben Horowitz, of Andreessen Horowitz fame, have used their own portfolio startup, Rap Genius, to decode Andrew Mason’s epic farewell memo.

Andreessen Horowitz were in Groupon pretty deep, so it’s great that they’ve basically come to the aid and support of Mason via Rap Genius. They are also major investors in the lyric website that decodes rap lyrics.

Andreessen and Horowitz pointed out early on that Rap Genius could be used to annotate lots of things like poetry, stories, news and now farewell memos. What’s even better is that both founding partners worked on the memo together and while some of the entries are funny others are long form and offer great explanations.

For example in the first paragraph of Mason’s letter he says “controversial metrics in our S1,” Andreessen goes on to make this lengthy explanation:

Andrew is referring to the use of non-standard financial metrics in the company’s SEC filings, particularly in the IPO filing (S1).

As someone who was in the room as an observer at the Groupon board when the decision to use these metrics was made, I think Groupon was honestly trying to provide additional information that investors would find useful, which mirrored the way management thought about running the business.

However, no good deed goes unpunished, and widespread media paranoia about business metrics still lingering from the 2000 dot com crash combined with other missteps on Groupon’s part combined to make the use of those non-standard metrics highly controversial and ultimately negative for the company.

Horowitz shows his support of Mason when Mason says “As CEO, I am accountable.” Howoritz writes:

Andrew does the stand up thing and claims accountability. Make no mistake though—although he’s the only one accountable, he’s certainly not the only one responsible for all the things that went wrong. The board decided to take the company public prior to putting all the proper controls in place. The material weakness was nearly guaranteed at that point. Every one on the board plus the CFO and the bankers agreed those were good metrics at the time. But here as in every case, it’s not all the CEO’s doing, but it’s all the CEO’s fault.

On the lighter side, when Mason says “maybe I’ll figure out how to channel this experience into something productive,” a Rap Genius community contributor says that this means:

“FYI World. I’m open to a killer deal if you want to hire me. But I ain’t gonna be cheap!”

See the entire thing here at RapGenius.com

We’re on the nibletz sneaker strapped nationwide startup road trip part deux and we cold use your support.

Chicago Startup Hummingbird Is The Rotten Tomatos For Anime

Hummingbird, Chicago startup,startup,startup interviewChicago startup Hummingbird has created a platform that anime fans have been looking for for years. The startup, founded by Josh Fabian and Vikhyat Korrapati is the first database and recommendation engine just for anime. “Think Rotten Tomatoes had a baby with Netflix’s recommendation engine, and that baby is a huge anime fan.” Fabian told nibletz.com in an interview.

“Users rate the titles they’ve seen in the past and, based on their tastes, Hummingbird gradually ‘learns’ what you like and don’t like, enabling it to make extremely accurate suggestions on what to watch next. Users are able to properly determine if the anime suggested is something they’d like to watch by making use of our comprehensive database featuring trailers, screenshots, plot summaries and much, much more for every anime you could imagine. Because some users lead very busy lives, we’ve also integrated a simple to use episode tracker to help keep you organized, no matter how many titles you may be watching at a time.” Fabian explained.

Fabian is based in Chicago while Korrapati is based in Hyderabad, India. Fabian says he loves the Chicago startup scene and has found that it’s extremely easy to get the help he needs in Chicago.

“It’s seems no matter where you turn in this city, there’s a community of designers, developers and entrepreneurs learning from each other, encouraging each other and giving a helping hand when you need it most. I can’t think of a better place to launch a business.” He said.

Hummingbird came to life after Fabian, a huge anime fan, found himself without something to watch next. “I hit a roadblock.. I had no idea what to watch next. All of the ‘popular’ choices that come to mind I had already seen, in some cases, multiple times. I did a lot of googling but after a lot of searching, I couldn’t find anything to completely solve my problem. ” So he created it.

Korrapati, a developer, saw Fabian’s first landing page for Hummingbird and reached out to help.  “I can honestly say that without Vikhyat joining the team, Hummingbird wouldn’t be nearly as great of an idea as it is now”, Fabian said of his cofounder.

Fabian is bootstrapping it for now but has ambitious plans to try and get into YC or 500 startups. With Hummingbirds unique platform that may not be as difficult as it sounds.

They’ve been launched for about a month and have already picked up nearly 10,000 users. Their next goal is getting to a critical mass of at least 50,000 users but with no other recommendation engine for anime that shouldn’t be so tough. They were also named by TNW as a startup to watch.

You can find out more about Hummingbird here at humminbird.ly

 

Chicago On Today: A New Startup Launches Every 44 Hours

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It’s hard to believe that less than a year ago Silicon Valley based PandoDaily sent a reporter to Chicago and he came back suggesting that their startup scene was sleepy. Fast forward to February 2013 and we’ve been tracking the startup communities rapid growth here.

Earlier this month NBC’s Today Show reported some amazing facts about Chicago’s startup community:

More startups launched in 2012 than any previous year.

A new startup launched every 44 hours.

197 of those were digital startups.

59 companies raised more than a million dollars.

We’ve also made three different trips to Chicago this year as part of our “sneaker strapped startup road trip”. We attended a kick off event at Chicago’s huge 1871 incubator, Chicago TechWeek and the Startup America Regional Champions Summit. On each trip we got to spend more time with Chicago’s seasoned startups like Groupon and Belly and some of their community’s newest players like KlutchClub and SpotHero.

Chicago’s startup ecosystem even caught the eye of TechStars founder David Cohen and Foundry Group’s Brad Feld, who recently announced a merger with Excelerate Labs to form Techstars Chicago.

We are looking forward to what Chicago has in store for 2013. Chicago is my kind of startup town.

Chicago, Chicago startups, startup communities, startup ecosystem, builtinchicago, today show

Excelerate Labs Becomes Techstars Chicago

Techstars, Excelerate Labs, Chicago startup, Techstars Chicago, startup newsToday in a blog post penned by Techstars founder David Cohen, he announced that Excelerate Labs, the startup accelerator located at 1871 has become Techstars Chicago.

Excelerate Labs was founded by Troy Henikoff and Sam Yagan (OKCupid, SparkNotes and Match.com) in partnership with Sandbox Industries and New World Ventures.

We’ve covered several of the Excelerate Labs startups and have managed to make a few trips to 1871 over the last year. Their classes work hard, play hard and innovate. It’s one of the finest accelerators in the country, which has prompted Cohen and Brad Feld to invest in multiple Excelerate Labs graduates including: SpotHero, GiveForward and Tap.Me

Techstars has always started their programs from scratch. At one point they began endorsing a number of accelerators that applied their same methodology. That network was once known as the Techstars Network and has since spun out of the Techstars brand and into “Global Accelerator Network”.

For the first time ever Cohen is now turning to an existing accelerator, Excelerate Labs, to open Techstars Chicago.

“We were so impressed with what they’ve built that we asked them to join forces with us and turn Excelerate Labs into TechStars Chicago. TechStars and Excelerate have always been kindred spirits: we both put entrepreneurs first and believe in the power of mentorship.” Cohen said on the Techstars blog.

Troy Henikoff says, “We are excited to combine Excelerate’s deep roots in Chicago with TechStars’ vast alumni and mentor networks. TechStars Chicago will be an even stronger force in Chicago and will add incredible firepower to the TechStars platform.”

“I congratulate Excelerate Labs and I am pleased that TechStars has identified Chicago as one of the best places to start a technology business. This advancement is a huge step forward for the city’s technology economy and will fit hand-in-glove with the other efforts being made to promote entrepreneurship and create new jobs around Chicago.” – Mayor Rahm Emanuel

Applications for Techstars Chicago are open now. The first early bird deadline is March 1st, the final deadline is March 15th. The program will begin May 29th and end on August 29th. To apply click here

Join Pat Riley, Managing Director of the Global Accelerator Network, along with several of their accelerators at the biggest startup conference in the U.S. everywhereelse.co The Startup Conference

Hundreds of Broken Headsets Lead To Chicago Startup RockRah CES 2013 Interview

RockRah,Chicago startup,startup,startups,startup interview, CES 2013If you’ve been a smartphone user for the past few years than you probably have something in common with me, and that is a junk drawer filled with earbuds. Some earbuds are frayed. Some don’t work in the right ear. Some don’t work in the right ear. Some have cords that are too short. Then there’s the other problem of losing ear buds. I’ve lost plenty of pairs of $30 Apple earbuds in my time.

A Chicago startup called RockRah is trying to solve that problem.

While there were plenty of iPhone cases and plenty of earbuds and headphones at CES 2013, in fact enough to bring reporters to near nauseam, they didn’t combine the two like RockRah does.

RockRah has fashioned a smartphone case that has retractable earbuds built into the back of the case. The housing for the case houses the earbuds so they don’t get lost, or tangled up. You have your earbuds right there when you need them and then when you don’t need them they retract right into the case. Kinda smart huh?

RockRah has been in development for about a year now, and it looks like they’ll actually make it to market in the next few months.

Check out our video interview below:

Plenty of startups from Chicago are going to be in the startup village at everywhereelse.co The Startup Conference, is yours?

TDC Games Shows Off America’s Funniest Home Videos Hybrid Board/Tablet Game At CES 2013

TDC Games, Chicago startup,CES 2013, Eureka ParkA startup from the suburbs of Chicago called TDC games showed off an exciting new way to play board games. Combining the power of QR codes, along with video playback, the company has created a hybrid America’s Funniest Home Videos game.

A Hybrid Game?

We’ve seen the app interactive toys at toy stores and department stores everywhere, we’ve even seen games like Life that have taken to the iPad for the “spinner” experience, however TDC Games utilizes the iPad in the game in different ways. For the America’s Funniest Home Videos Game, when the player selects an action card, they scan it with their tablet or smartphone (iPhone, iPad and Android devices) a video pops up with a decision box.

In the demo we watched it was a video clip of a kid kicking a soccer ball in the gym. The player would have had to decide what was going to happen next in multiple choice. That would dictate the next move on the actual game board.

TDC Games has licensed an entire library of proprietary America’s Funniest Home Video clips for this game which makes it interactive.

The Illinois based startup has several games in the works that will utilize several different technologies found in mobile devices to enhance the family game night.

Check out our video interview below:

Several startups from Chicago’s startup community are in the Startup Village at the largest startup conference in the U.S. it’s not too late to exhibit at everywhereelse.co The Startup Conference

Kauzu Targets Entry Level Job Seekers With Smartphone And Basic Phone Apps

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With all this innovation and startups targeting the job market there’s one job market that still remains horribly under served. The entry level or basic jobs market hasn’t had its own app or platform until now.

Chicago startup Kauzu, is taking advantage of the open space in the entry level jobs market. Grocery stores, retail jobs, call center jobs, fast food, crew work and other types of jobs can connect to local employees using one of two apps created by Kauzu.

Kauzu offers a smartphone app that allows users to view jobs on a map and find jobs in close proximity to their homes. They’ve also created a basic phone app that allows job seekers wuthout smart phones to text their zip code and get job listings close to them as we’ll.

We got a chance to interview Mitch Schneider, the founder and CEO of Kauzu. Check out our interview below:
Read More…

Chicago Startup: Rentalutions, Helping Landlords New & Old

Rentalutions,startups,startup interviewsThe downturn in the economy over the last few years has forced several people, into becoming landlords. People who had a great deal on a house before the economy went down, were forced to start renting property. They wanted to hold onto their property and at the same time make money to pay their mortgages down so these new properties weren’t a total write off.

A Chicago Startup, incubating at 1871, called Rentalutions is there to help those landlords and then tens of thousands more who’ve been renting out property for years.

Rentalutions is a complete landlord tenant system. Tenants can set up recurring rental payments using the system. They can also turn in maintenance requests around the clock and communicate with their landlords directly.

For landlords, Rentalutions is one centralized system that keeps up with just about every aspect of renting property. The platform even allows landlords to list a vacant property and screen for potential tenants within the system. Once they take on a new tenant they can convert that record to a tenant record without having to re-input data over and over again.

Rentalutions, founded by two long time friends Ryan Coon and Laurence Jankeow, hopes to become the complete turn key system for the over 6 million do it yourself landlords across the country. The company provides do it yourself landlords with similar resources that some of the top property management companies are using.

We got a chance to interview Coon. Check out our interview below.

Read More…

Chicago Startup: ParkWhiz Raises $2 Million, Parking Startups Are Hot In Chicago

Parkwhiz,Chicago startup,funding news,startup news,startupsMonday we reported that Chicago parking startup SpotHero had raised $2.5 million in funding. That was big news for the ExcelerateLabs alumni that’s currently working out of 1871. Now, we’ve heard that another Chicago parking startup called ParkWhiz has raised $2 million dollars.

ParkWhiz’ funding round was led by Hyde Park Venture Partners. Hyde Park Angels, Amicus Capital, Alexis Ohanian, Garry Tan, Henry J Feinberg, and Amreesh Modi also participated in the investment, according to builtinchicago.com. Ohanian is the co-founder of Reddit and Tan is a partner at Y Combinator.

ParkWhiz has been around a little longer than Chicago rival SpotHero. They originally came on the scene in 2006 and in the past 6 years have generated over $10 million in parking revenue to operators. They also have access to over 3 million parking spaces.

One of ParkWhiz’ major success stories is the partnerships they’ve formed with organizations that are key in the big event space. ParkWhiz is partnered with StubHub, Ticketsnow, several NFL and NCAA teams and other sports and entertainment venues.

“This financing allows us to realize our next stage of growth, beginning with the hiring of 20 additional employees,” said Aashish Dalal, CEO and co-founder of ParkWhiz said in a statement. “The wealth of knowledge and experience of our new board members will help us aggressively deliver unique capabilities to our customers and further solidify our position as the market leader.”

More than 1 million people have used ParkWhiz.com, the largest, fastest growing, online parking reservation company in the U.S. ParkWhiz allows users to compare price, location and amenities. Drivers may reserve special event parking and purchase discounted downtown parking at up to 80% off drive-up rates. The company works with over 2,000 parking lots nationwide, giving customers access to over 3 million parking spaces. ParkWhiz’s national footprint has enabled them to provide parking spot inventory that far exceeds their closest competition.

Joining co-founder Aashish Dalal on the company’s board will be Ira Weiss of Hyde Park Venture Partners and Henry J. Feinberg, former partner at Technology Crossover Ventures, the world’s largest technology oriented Venture Capital firm. Mr. Feinberg is currently the Chairman of Maxim Revenue Management Solutions.

“ParkWhiz offers a transformational service for finding optimal automobile parking,” said Henry J. Feinberg. “ParkWhiz will change how consumers and parking lot owners and operators do business similar to how Expedia changed travel, Netflix changed entertainment and Zillow changed real estate.”

Linkage:

Find ParkWhiz Here

BuiltinChicago Here

More startup news from “everywhere else” here

and the everywhereelse.co startup conference here (it’s the biggest in the U.S.)