Chicago Startup: SpotHero Raises $2.5 Million

A Chicago startup that was developed after the cofounders had received over $3,000 in parking tickets, has now raised $2.5 million dollars. SpotHero, an app that allows users to find parking spots on their smartphone, was well received by the city of Chicago.

At first sight the startup seems very similar to Baltimore startup ParkingPanda, however SpotHero boasts 24 hour customer support and touts that they are superserving Chicago first and building a loyal customer base before eventually branching out. Chicago seems to love SpotHero as well. Since their launch in 2011 the company reports that more than 10,000 people have used their iPhone app and website platform to find parking spots.

SpotHero’s iPhone app allows drivers to reserve parking spots on the go, something that ParkingPanda is just now having developed through MindGrub. ParkingPanda is a web based platform that allows people to book parking spots from either individuals like driveways and curbside spaces, or public lots that have extra spots to rent. Both services allow the user to pick how long and when they want to start the parking spot rental.

SportHero was part of the most recent class at Excelerate Labs one of Chicago’s thriving startup accelerators. SpotHero just recently presented at Excelerate Labs’ August demo day.

“How many times have you been frustrated by parking? We created SpotHero to solve this problem by helping drivers get the right spot with just a few clicks” says SpotHero CEO and Founder Mark Lawrence.

Battery Ventures, 500 startups, David Cohen’s Bullet Time, e.Ventures, OCA Ventuers, New World Ventures, Light Bank and Draper VC all participated in the round led by Battery.

Part of the attraction to investors is that SpotHero has already brought in over $2,000,000 in revenue to parking operators at some of the largest national parking companies. “Our parking partners know that their customers are online and looking for convenience, that is what we deliver – while helping the lots fill their unused spaces with paying customers ” says Lawrence

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Chicago Startup: Barandwaitstaff.com A Jobs Network For The Service Industry

While some consider waiting tables stepping stone jobs, there are plenty of career minded people in the field. Perhaps you want a job that doesn’t require a lot of thinking so that you can pay the bills and work on a side startup. Perhaps you actually make really good money waiting tables and so no reason for change. Possibly, you like working with people and feel most comfortable helping customers.

For whatever reason there are thousands of people who are perfectly fine, if not extremely happy, in the service industry. A new Chicago startup, barandwaitstaff.com is going to make it easier for professional service industry folks to find the best service industry jobs. In fact, even though there are thousands of restaurants in every state, the service industry has gone rather unnoticed in the recruitment space.

Barandwaitstaff.com promises to make it easy for anyone looking for work in the service industry to find it, and vice versa.

The startup is led by two brothers Len and Jim Kazmierczak. Both brothers hold history degrees. At one point they had bought a small live music bar in the area. However with the economic downturn it became harder and harder to keep the doors open and eventually closed it down. After closing the business down they decided they reflected on what they could have done differently in their business. Staffing was one of those things. With that Barandwaistaff.com was born.

We got a chance to talk to Len Kazmierczak. Check out the interview below.

Groupon Misses Their Mark Q3

Groupon’s stock has fallen nearly 16 percent in after hours trading after they released their third quarter earnings earlier today when the market closed.

Groupon took a small loss when higher revenue failed to compensate for stock compensation and other expenses. Groupon’s revenue grew by a third but still failed to meet Wall Street’s expectations.

The net loss for the quarter ending in September 2012 was $3 million dollars, basically a breakeven per share. That’s sharply down from the $54.2 million dollar loss or 18 cents per share the same quarter last year. Adjusted earnings of 3 cents per share matched Wall Street’s expectations.

Total revenue was up at $569 million but fell short of Wall Street’s $591 million expectation. Groupon is forecasting revenue between $625 million and $675 million in the fourth quarter. If they come in at the median point of $650 million they will beat analyst’s expectations of $634.9 million.

Analysts and investors are concerned over the long term viability of Groupon’s business model. Many are concerned about “daily deals” as a whole.

There have been wide spread reports across many websites and technology journals, about mom and pop businesses who’ve taken major losses in trying to use Groupon to gain more customers. The general consensus is that small businesses take a loss on their initial Groupon deal and then the customers never come back.

Other entrepreneurs, startup founders, and investors are looking to the loyalty and rewards space, over the daily deals space to increase revenue and keep customers coming back.

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Chicago Startup: clickInterview The Latest To Join Video Interview Space

A startup in Chicago called clickInterview is the latest to offer a video solution to recruiters, HR folks and perspective employers. clickInterview, like PitchPick in Austin among others, lets job candidates answer pre-screening interview questions in the comfort of their own home or wherever they happen to be when they feel like answering.

Legacy human resources folks aren’t entirely sold on the idea of pre-screening or interviewing candidates with pre-recorded videos. Naturally the candidate will only do the video at the best opportunity for them and of course they can prepare for the interview. It takes out some of the spontaneity of the interview.

Now with clickInterview and the other startups in the space no one is suggesting that they completely replace the actual in person interview, but rather use it in the first preliminary phase, eliminating the need to accommodate on site interviews.

Max Sperando, founder of clickInterview says that his secret sauce is in the design and ease of use. One check of their site and you’ll agree that it’s pleasing to the eye and simplifies the process.

Sperando is also hoping to give the candidates a little more control of their interview situation, again the part that “old school” HR folks don’t like.

clickInterview definitely has a chance to take over the video interview space if they can scale right. We got a chance to interview Sperando, check out the interview below.

Chicago Startup StageBloc Is A Content Creation Platform For Everyone INTERVIEW

A new startup incubating at Chicago’s world famous 1871, has set out to create a new content creation platform that’s perfect for anyone and everyone. If you want to start a blog, you can do that on StageBloc. If you want to create photo and video albums, you can do that on StageBloc. If you want to create podcasts, again you can do that on StageBloc. If you’re into short form posts like status updates, you can do that as well. In fact you can do al that and monetize whatever pieces of it you want.

Now suppose you want to mix them all together. You can also do that using StageBloc’s robust platform. But even better, you can do as much or as little of it as you want. It’s like an all you care to eat buffet of content creation tools.

StageBloc makes it incredibly easy to create content in any way that you want. StageBloc founder Tom Giles was convinced that while Facebook and other sites are great for exposure, StageBloc is more about developing your brand online and also monetizing that brand.

This all in one approach to content creation means that if you use StageBloc you don’t need a blogger account, flickr account, YouTube account, Twitter account and Facebook account. You get all of those services in one. Now being realistic no ones going to shun their Facebook or their Twitter account but creating content and then having to move to another site to embed pictures and videos is a pain in the butt.

If you’re only in the mood for a short form post, you don’t have to leave the StageBloc dashboard, likewise if you’re in the mood to write a long Tumbler-esque post, you don’t need to leave the platform to do it.

StageBloc also recently launched their Mirrorgram app into the iOS app store and it’s quickly become the 11th ranked paid app in the store.

We got a chance to interview Giles. Check out the interview below.

Chicago Startup Everypurse Blows Out Kickstarter With PowerBag For Women

A new startup in Chicago has taken Kickstarter by storm with their integrated purse, charging bag. This bag designed for women, is a clutch style handbag on the outside. Inside though it has a battery charger that will fit most of the current line of smartphones via USB.

Integrating bags and power charging solutions isn’t new though. Michigan based Power Bag has been doing it now for two years. That company, founded by Homedics founder Ron Ferber, offers a full line of backpacks, rolling luggage, and messenger bags with integrated charging solutions and a variety of batteries for every work and travel scenario.

While Powerbag offers a “tablet bag” which I’ve personally been carrying around for nearly a year as a Murse (read man purse), it’s not a purse by any stretch for a woman.

In fact our reviews coordinator Allie Fox told Ferber and the PowerBag team personally that they were missing the boat by not offering a variety of stylish bags for women.

No worries now though because Everpurse has done a really good job of producing just that. The purses come in a variety of colors and in fact it looks like quite a few men have signed up on Kickstarter to buy a purse for themselves. Everpurse offers a black leather purse that looks no more feminine than half the leather iPad cases out on the market today.

To have the ability to charge your phone without the need for a plug is a definite plus, and far outweighs how unmanly carrying a purse around could be.

Everpurse trumps PowerBag in another department as well and that’s charging the device itself. All of the PowerBag products require the user to plug a standard “wall wart” AC charger into the wall and then into a weather protected charging mechanism on the bag, or directly into the battery pack.

Everpurse uses a white, stylish looking induction charger that you could easily put on a foyer table, coffee table or night stand. Simply place the Everpurse on top of the induction charger and you’re good to go.

People love it and so do we. We can’t believe that no one has taken this concept to market yet. The best part is that the product idea came from a busy social worker who realized her phone was dead after 6 hours on the go every day. People call me crazy because I carry several on the go charging apparatus but the one thing that drives me absolutely crazy is a dead phone.

Everyone seems to love Everpurse. They blew it out of the water on Kickstarter raising $238,187 of the $100,000 they aimed to raise.

Now that the Kickstarter campaign is over, start looking for Everpurse, soon.

Linkage:

Everpurse.com

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Listen To Places Through People With Chicago Startup: EvzDrop INTERVIEW

Chicago startup Evzdrop has put a new spin on social discovery. Rather than going somewhere and seeing who’s around you, you can “listen” to places using Evzdrop’s website and mobile app. Essentially what Evzdrop is doing is combining event discovery with people discovery, in reverse.

To understand this better here’s how it works. When a user goes somewhere they do a drop, basically putting a pin down where they are at. “Dropping” is Evzdrop speak for checking in. Once you check in or “drop” you can leave a tip or comment about the place. Through your setting you can decide if you want to share your “drops” with people in your network or the public at large. Or, if you rather just lurk in the shadows you can go into “stealth mode” kind of like those startups that think they have original ideas.

You can update your drops as well. For instance if you go to your favorite burger joint and they’re out of milkshakes, that may be important information people need to know. Or perhaps you’ve gone out to one of your favorite clubs but tonight it’s a pure sausage fest.

These drops make event and people discovery for other users a breeze. Now people can look at all the places they want to check out. Users can search for a place or see what’s trending. When they do that, they’ll see all the drops from the people there already. They’ll know if it’s hot or not, by just looking at the drops on the mobile app.

If you’re the “dropper” your drops can be voted up and get you points by the more people that check out your drop. Evzdrop calls this whole thing listening in. So now you’re listening into places rather than just checking them out.

To put it another way. FourSquare is great for checking in you want to check in and get points, and show all your friends that you’ve checked in to such and such place. You may even want to be the mayor (do they even do that anymore). With Evzdrop they’re giving the drops a real purpose. When’s the last time you went to FourSquare to see if a place was hot? You looked for the people right? Evzdrop puts that idea in reverse.

We got a chance to talk with the Evzdrop team. Check out the interview below:

Chicago Ideas Week: Kara Swisher On The Next Big Thing VIDEO

We are in Chicago this week for the Startup America regions summit for Startup America Champions. We’re actually attending as Champions rather than media. Our good friend Frank Gruber at TechCocktail is also attending the summit as a regional champion from Washington DC.

While we did a little bit of actual work at the summit for the most part it’s been a great learning experience. In fact, when I tried to continue working after lunch, Startup America CEO Scott Case personally came and got me to make sure I was learning and not working. All the sessions on Tuesday were definitely worth it.

That doesn’t mean we couldn’t work at night after the summit was over.

It’s idea week in Chicago through October 14th. It’s a week long series of entrepreneurial, startup and innovator events, talks and lectures very similar to startup week happening in Austin Texas. As part of Idea Week, Startup America Chairman Steve Case (no relation to Scott), spoke in a mega talk Tuesday evening.

Case drove home many of the important points from his talk earlier in the day at the Startup America summit. He also went into a little history of AOL and briefly talked about the Time Warner merger.

After Case cleared the stage, they introduced the next guest (which we hadn’t read the program so we didn’t know) Kara Swisher.

Swisher is an authority on startups, technology and silicon valley. She was one of the reporters featured prominently in the 60 minutes interview with Mark Zuckerberg and she, along with Walt Mossberg, head up AllThingsDigital. She’s a great interviewer and an equally as good interviewee.

Most of the interview was in true Swisher banter, great down to earth, and real tech talk sprinkled with her signature humor. In fact one of the funniest points in her talk was when she made reference to the fact that she’s been married to a Google executive for 14 years, Swisher than pointed out that she is a lesbian (which she’s always been out), and in “straight years” that would be 97 years of marriage.

She referred to Google Glasses as “creep glasses” and Google+ as not a social network.

At the end of the interview (the part in the video below) she was asked what she thought the next big thing would be. Her answer may surprise you, and again, even this answer was full of humor, that’s for the most part true:

Linkage:

The Case Triple Threat Steve Case, Jean Case, Scott Case Speak At Startup America Summit

Startup America is holding their fourth quarterly “regions summit” in Chicago Illinois at 1871. The summit brings together nearly 150 regional Startup America influencers, commonly known around these parts as “Champions”.

Startup America champions from as far away as Puerto Rico arrived in the windy city last night for this three day conference meant to bring together regional startup leaders to share best practices, triumphs and even failures that each region can learn from.

To kick off the summit attendees were treated with a Case Triple Threat. Startup America CEO (and founding CTO of Priceline.com), Scott Case, kicked off the festivities. Case and Startup America’s Donna Harris have been busy over the last year flying around the country helping to launch Startup America regions. Scott Case (not related to the other two Cases) spoke briefly welcoming everyone to the event.

The first talk of the morning was a fireside chat between Harris and Startup America Chairman, and AOL Founder, Steve Case .Case has been traveling the country on his own talking to startup and entrepreneur communities throughout the United States. At one point Case pointed out, if you make great products no one cares where you’re from.

Case is no stranger to starting a company and raising money outside Silicon Valley. He’s started companies in Detroit Michigan before, but of course he’s most known for his little internet startup that launched out of Tyson’s Corner Virginia (a DC suburb) before anyone even knew what the internet was. Case told the familiar story of how no one really understood the internet back than and how it was just for a “bunch of geeks”.

Steve also brought home the point that Startup America, in it’s current form, is on a SWAT team mission to launch regions across the country over the next three years, and build growth within the organization. However the mission for Startup America is to have the regions function independently during that time. After that, the Startup America national office will function more as a support piece rather than a mouth piece.

The work the team at Startup America has done is nothing short of greatness though. With the addition of Startup Utah, just yesterday there are now 30 Startup America regional partners.

The third case of the morning was just before lunch. That’s when Case Foundation CEO and Steve’s wife, Jean Case came and spoke about her fearless movement within the Case foundation. The foundation just launched an initiative across the country looking for fearless people who will be the cornerstone of startups, and the economy to come.

Check out our video of Steve Case wrapping up his fireside chat with Harris below:

Linkage:

Check out Startup America here

Here’s nibletz’ coverage of Startup America here

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Nashville Startup: Edo Interactive Closes Another $15 Million In Venture Funding

Edo Interactive, a startup headquartered in Nashville TN has just announced another $15 million in venture funding. Silicon Valley based VantagePoint Capital Partners led the latest $15 million dollar round. Baird Ventures also participated. Bair led Edo Interactive’s $20 million dollar round last year and cumulatively Edo Interactive has raised $54 million in venture funding.

So what does this Nashville startup do that’s garnered such huge venture capital investments? They provide a deals service, similar to Groupon, but through banks and retailers vs mom and pop restaurants, coffee shops and other businesses. Retailers pay banks a fee to market deals to their databases of credit and debit cards. This gives Edo Interactives client base a much more lucrative market.

Using Edo Interactive’s proprietary technology bank cards are directly tied to participating retailers cash register systems, delivering an instant rebate right back to the customer utilizing the deal. The retailer can then notify the customer by email, text or voicemail. Chicagobusiness.com reports that Edo has relationships with 140 banks with 150 million card holders. They also work with 5 of the 10 largest credit card providers.

Ed Braswell is the CEO of Edo Interactive which is headquartered in Nashville Tennessee and has an additional 20 employees working in the Chicago area. They employ 75 total right now.

“Payments and advertising are colliding; to stay competitive, banks must deliver value to cardholders that goes beyond the traditional realm of services, while advertisers are searching for solutions to drive customer acquisition, loyalty and return on marketing investment,” CEO Ed Braswell said in the statement. “This latest investment will help Edo expand our market leadership position and scale our advertising content, merchant partnerships and growth within the highly competitive local business market.”

Braswell has said that he hopes to offer 140 million new offers per week by 2013. Crate & Barrel, Nordstrom, Target and Subway are just some of the companies that work with Edo Interactive’s platform.

Linkage:

Check out EdoInteractive here

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$3000 In Parking Tickets Leads To Award Winning Chicago Startup: SpotHero

It’s not often that parking tickets lead to a “good thing”, especially not $3,000 worth. That’s however, not the case for Chicago entrepreneur Jeremy Smith and his cohorts Mark Lawrence and Larry Kiss. Together the three of them have created Chicago startup SpotHero.

SportHero was part of the most recent class at Excelerate Labs one of Chicago’s thriving startup accelerators. SpotHero just recently presented at Excelerate Labs’ August demo day.

The city of Chicago’s government loves SpotHero too. Despite the fact that SpotHero cuts into the Chicago’s own parking revenue from both meters and ticketing, SpotHero recently walked away with a $5,000 prize in the first round of Chicago’s Apps for Metro contest. The Apps for Metro contest was announced in June by Chicago Mayor Rahm Emanuel. The contest is very similar to open data initiatives we’ve heard about in other municipalities, like Madison Wisconsin.

Winning that contest “gives us validation that this is a service that really would be important to the city of Chicago,” Smith told the Chicago Tribune, “There’s a problem with parking, and people want creative solutions. The time is (right) to support new programs.”

While Chicago residents may know the ins and outs of parking in the city, folks from the suburbs that frequent the city many not be as fortunate. Such was the case for Smith; “Growing up in the suburbs, one of the most frustrating parts of coming to the city was parking. For drivers in Chicago, it’s always a hassle finding a spot. SpotHero solves the problem by making parking easy and transparent,” said Smith, “With SpotHero, I don’t have to worry about where I’m going to park because they always have options ready.”

The SpotHero team plans to continue to use open data initiatives from the city of Chicago to continue adding features to the app. One of the features they plan to role out soon would take data from road closure and construction information and add a layer to SpotHero so travelers would know if spots aren’t open or that re-routing may be more trouble than it’s worth.

Smith has confirmed the company plans to roll out more cities in the future. ParkingPanda is available in Baltimore and Washington DC and hopes to add Philadelphia and San Francisco as soon as they’ve built enough relationships with those who hold the key to both apps success, people with parking spots that need to be filled.

Linkage:

For more on SpotHero check them out on the web here

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Central Illinois Angels Invest In Startup: Intellihot Green Technologies

The Heartland Partnership announced yesterday that the Central Illinois Angels, angel network, has made another investment to a Central Illinois based technology startup,

Intellihot Green Technologies is based in Galesburg Illinois, The company has designed, and now manufactures, tankless gas water heaters. Every year hundreds of thousands of kilowatt hours of energy are wasted by heating water sitting in a tank.

Intellihot’s tankless systems for commercial and residential locations, heat water without a tank on an as needed basis.

Central Illinois Angels have invested $325,000 in the company which started out in the Peoria NEXT Innovation Center. Now that Intellihot’s water heaters are in production their manufacturing is based in Galesburg. The company continues to maintain an office presence at Peoria NEXT.

The $325,000 is part of a larger syndicated round. The Central Illinois Angels have invested $3 million in 11 companies to date.

Linkage:

Check out Intellihot here.

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Chicago Startup: WalkJogRun Keeps Track When You Walk, Jog Or Run INTERVIEW

Fitness startups are always great. Everyone wants to get fit, stay fit and monitor their fitness regimen. A startup in Chicago called WalkJogRun has a website and app that helps anyone who runs, walks, jogs, hikes and cycles, monitor their exercise, map their routes and track their progress.

As a compliment to their web and mobile app platform WalkJogRun also has a blog and podcast that provides inspiration to those using their platform. They also offer tips, as well as healthy recipes.

Whether you are a casual jogger, mall walker or you’re training for a marathon, WalkJogRun’s robust platform can cover your workout and be your walking, jogging and running companion.

The precursor to what WalkJogRun has become was originally created by co-founder Adam Howitt. Howitt was living in Atlanta and training for the PeachTree 10k when he got fed up with just doing quarter miles in the parking garage. He tells us in an interview below, that he created the first iteration of WalkJogRun in 2002.

Howitt’s co-founder Jeff Kenny redesigned Howitt’s original website as a surprise back in 2003 and then they realized that WalkJogRun could be beneficial to many running enthusiasts. This was of course, way before the fitness app boom, and GPS tracking boom that we’re currently experiencing.

The Chicago based startup has made plenty of refinements over the last 10 years to what the website and app have become today.

We got a chance to interview WalkJogRun. Check out the interview below:

Jumpstart Foundry Nashville Startup Rentstuff.com Moves To Chicago & Pivots Away From Core

Earlier this year we brought you an interview with Rentstuff co-founder Chris Yaeger. The Nashville startup had quickly rose to prominence in the peer to peer renting category, with the idea they cultivated as part of the JumpStart Foundry program.

With $600,000 raised to help them along the way the startup relocated to Chicago’s 1871 in July and debuted their Chicago based team at TechWeek earlier this summer.

Their original idea, had a lot of holes in it in terms of insurance to the renter, and market viability but the concept was rock solid. One user could rent that DSLR camera that sits in the closed for $30-$50 a day to their local neighbor and make a few bucks on the side. You may have even been able to go as far as to call the idea “AirBnB for Stuff”.

At last look you could find anything from tents and sleeping bags, to weed-eaters and iPads. While I admitted to a friend on the phone just the other night, I would never rent out my personal iPad, if there was a market for it, I may pick a used one up off Craigslist just to rent out on rentstuff.com.

While couchsurfing and AirBnB made it ok to crash at a complete strangers house or even on their couch, it seems that letting a complete stranger rent my crock pot, serving trays or video camera, wasn’t in the cards.

The company, now based in Chicago, has pivoted to a more mainstream, portal to connect folks with businesses in the “Rent To Own” industry like RentACenter and Aarons. Now, you go to rentstuff.com and you can fill out a form which lets you request rental quotes from local companies. You can attempt to rent anything from a limousine to a laptop, to a sofa, whatever you need you should be able to get it.

A note on the site tells you that letting a rental company call you can get the process done faster. Of course, bidding out your rental should also mean that you get better deals.

Call me crazy though, the original idea was much more innovative. In fact the crazy guys that produced the Wipple video below, used a leaf blower that they rented from the “rentstuff.com marketplace” to produce this video.

There is definitely a market for the new version of rentstuff, similar to the way that there is a market for the pivoted SpareFoot.com which we covered earlier this month.

Linkage:

Check out rentstuff.com new site here

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