New Hampshire Startup Aims To Block Snoops, But Can’t Block NSA

SnoopWall,New Hampshire Startup, Cyber Snooping, Prism, NSA

Ever since former Edward Snowden blew the whistle on Prism, anyone and everyone has been thinking about their privacy and snooping. A Nashua startup called SnoopWall aims to protect people from snooping on their smartphones and tablets. Unfortunately cyber-security expert and founder of SnoopWall, Gary Miliefsky, says it can’t protect you from the NSA.

But say you have a jealous lover, or ex-lover, or maybe your company or coworkers are spying on your phone and tablet. Then you’re in luck. SnoopWall protects phones and tablets by blocking prying eyes from different hardware ports.

Miliefsky explains “They [NSA] own access to the towers, the routers, to backdoors. We’re not going to stop the good guys; we’re going to stop the bad guys.”

Normal snoopers, without the backing and technology of the NSA, often use a tactic called “port scanning”. This digital eavesdropping tactic scans open ports for things like webcams, microphones, and GPS systems. When these ports are left open, potential snoops can get in and do a variety of things like watch what your camera sees, or listen to your conversations through the phone or tablet’s microphone. They can also keep track of your whereabouts by tapping into your GPS.

SnoopWall has three levels of security to protect users from would-be eavesdroppers. At one level all ports are blocked or shut down. The second mode is a phone-only mode, and the third is a kid mode which allows kids to play local games and use local apps but shuts down data.

The Nashua Telegraph reports that SnoopWall is bootstrapping and working to raise a very small seed round of $10,000 via Kickstarter. Miliefsky is looking to use the Kickstarter network to drive interest and get people talking about it, which is far more valuable then the $10,000.

“Kickstarter, with six million viewers a day, could not only fund the continuation of the development to a finished release, but create a viral community of friends,” Miliefsky told the Nashua Telegraph. “These people, when they give 5 dollars, they’re not going to give up on you – they tweet and blog to their friends about it.”

Miliefsky is no stranger to startups. He is part of the “Angel Breakfast Club,” a group of angel investors that get together for breakfast in the New Hampshire town. It was there that he got involved with a startup called Pony Express and realized that there was a hole in port security. Milefsky’s background is in cyber security.

 

Check out SnoopWall on Kickstarter here.

EE-FORENTREPRENEURS

Ohio Startup Crowdentials Launches Crowdfunding Compliance Platform

Crowdentials, Ohio Startup,startup,crowdfunding

Crowdfunding is the hottest space for startups right now. And now, with changing regulations, it could get even hotter.

The Jumpstart Our Business Startup Act was passed over a year ago, paving the way for crowdfunding startups to offer equity. After the bill passed in both the Senate and the House it was then referred over to the Securities And Exchange Commission (SEC) to come up with the regulations for crowdfunding.

The JOBS Act has a lot of regulations to follow, including the fact no individual making less than $100,000 can invest more than $2000 or 5% of their net worth. Crowdfunding is going to spawn a whole new type of investor and there are currently no regulatory software programs out there. That’s the guts behind Crowdentials.

Richard Rodman, the cofounder of Crowdentials, spoke about crowdfunding in February at the Everywhereelse.co Startup Conference in Memphis. He founded the company with Chief Operating Officer Rohan Kusre and Chief Technology Officer Max Heckel. The three came up with the idea for Crowdentials in April and were recently accepted into the Cleveland-based FlashStarts’ startup accelerator program.

While the SEC is still finalizing its regulations, the Crowdentials technology is ready to go. “Our compliance solution is all variable-driven and will adapt to any regulations put forth,” Rodman said in a statement. Once the regulations are officially complete, the entrepreneur plans to launch “within minutes.”

In the meantime, Crowdentials is preparing a collection of multi-media resources and guides for both crowdfunding rookies and experts. In addition to teaching the basics, the comprehensive suite will cover the nuances, regulations, risks, and opportunities associated with equity crowdfunding.

Crowdentials’ technology ensures that investors, businesses, and platforms are following the SEC’s rules.  According to Rodman, “Crowdentials is the vital link between the SEC regulations and all crowdfunding parties”.

Individuals who gain compliancy through Crowdentials can trust that they are abiding by the regulations, and startups can feel confident that they are raising money through compliant individuals. Rodman believes the SEC’s regulations are meant to protect the new crowdfunding population from fraud and financial distress. “That’s why compliance is so important,” the entrepreneur said. “When everyone is aware of their level of compliance, we can make more educated investment decisions.”

Crowdfunding has spawned hundreds of crowdfunding sites that will help connect would-be investors to startups and other small businesses’ needing funds. Now startp founders are finding ways to support the crowdfunding economy. Cowdfunding vetting companies, insurance companies, and even discovery companies have all popped up over the past year with more expected when the rules change to allow equity investments.

In the meantime feel free to check out Crowdentials at crowdentials.com

7 key elements of a successful crowdfunding campaign.

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Startup Weekend Hosting “Makers” Event Next Week In Seattle

SWMaker
Startup Weekend, the non profit in Seattle that recently joined forces with Startup America, is hosting a new kind of 54 hour hackathon startup weekend event in their hometown next weekend. This time, instead of assembling entrepreneurs, designers, and developers to create businesses, they’ll be working on making things.

Startup Weekends are typically about creating software and other tech startups. This time around at the MakerHaus, the hackers will have the resources to “bring innovation to a whole new level.” The teams at the Seattle event will be able to design and prototype actual physical products using micro-controllers, laser cutting, 3D printing, metal working, and wood working.

People with ideas for products will get to pitch those ideas on Friday evening. From there the group will vote on the products that they want to build and several will be built out over the following 52 hours.

Normally there are three kinds of tickets sold to a startup weekend event; developer, designer, and non-technical. These teams have produced countless startups that are still going today. Some have even gone on to get funding like Zaarly, or win bigger startup contests like Aspiredu.

For this Maker’s edition, Startup Weekend is throwing in one more ticket, a “unicorn” ticket. These are people who agree to be taught how to run the machinery at MakerHaus.

There will be some great coaches on hand for the weekend:

  • Alex Diener, Creative Director Pensar Development
  • Marc Barros, co-founder and former CEO of Contour
  • Ayemerik Renard, Vice President Accelerator, PCH International
  • H.B. Siegel, CTO IMDb.com
  • Jim Young, President and Creative Director, Nice Inc
  • Adam Benzion, Portfolio Manager, 10AK Technologies
  • Beth Kolko, co-founder and CEO Shift Labs
  • Terence Tam, Principal Engineer, OpenBeam USA

To register or for more info click here.

Check out this great event for startups everywhere else.

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Nashville Opens New 22,000 Square Foot Entrepreneur Center

Nashville Entrepreneur Center, Entrepreneur Center, Michael Burcham
Michael Burcham is a Nashville serial entrepreneur, angel investor, Startup Tennessee director, and Director of the Entrepreneur Center. On Thursday Burcham opened their new 22,000 square foot facility in the converted trolley barn at Rolling Mill Hill. The mayor, the governor, and Startup America founding CEO and Priceline founding CTO, Scott Case, were on hand for the opening of the new facility.

The new entrepreneur center has more space for education, collaboration, and acceleration within the walls of the 22,000 square foot building. It’s been outfitted with the technology needed to help achieve all of those goals.

The former Entrepreneur Center was always a temporary location after opening in May 2010. The center, led by  Burcham, immediately began a search for a permanent home and found it in Nashville’s creatively rich SoBro neighborhood in Trolley Barn #1 at Rolling Mill.

In addition to the new facility, the epicenter of Nashville’s startup ecosystem got a new name, sort of. They are now “The Nashville Entrepreneur Center”, thanks to a pending lawsuit from Entrepreneur Magazine which has a reputation for bullying entrepreneurial organizations that use their trademarked word in their name.

The new location is in the same park as one of Nashville’s most successful startups, Emma.

“It scales us in every direction,Burcham told the Nashville Business Journal. “It brings legitimacy to Nashville as the best place to start a business.”

The old trolley barns also serve as home to several other young companies. There are plans to build out a restaurant and possibly a bowling alley on the property that overlooks both the football stadium and the river.  Since it’s inception, the Nashville Entrepreneur Center has served as a hub for the thriving community which allows entrepreneurs to collaborate and learn from each other.

“Being with other people who are ahead of you in that process and in some ways behind you in that process, it’s sort of the crucible through which much, much better businesses go through,” Case said. “If you are not in place with a strong community … and Nashville is one of the fastest-emerging strong startup communities in the country, you tend to not have the quality of companies come out of it.”

You can find out more about the Nashville Entrepreneur Center here.

 

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Microsoft Manager Heading To Baghdad For Their First Ever Startup Weekend

Othmane Rahmouni, Startup Weekend, Startup Weekend Baghdad. MicrosoftLast month when Startup Weekend and Startup America joined forces to launch UpGlobal, one of the big factors was expanding the Startup America vision across the globe. Startup Weekend holds 54 hour hackathon style events worldwide every weekend.  To date they’ve held over 600 events in 113 countries and 325 cities.   Now they are looking forward to the first Startup Weekend Baghdad.

Baghdad has been rebuilding for years and is still one of the most violent regions in the world. GeekWire reminds us that in May alone over 1000 civilians and security officials were killed. But that won’t stop entrepreneurs, designers and developers from coming together to startup.

The Baghdad event will start this Thursday June 27th (Friday in Baghdad) and continue for 54 hours.

Startup Weekend is no stranger to violence and they don’t let it interrupt their events. In countries facing war, violence, and even poverty, entrepreneurs escape by coming together, collaborating and working on companies. Even missile attacks last November in Israel couldn’t stop one of the largest Startup Weekend groups from pushing through.

During that Startup Weekend in Israel it wasn’t until the third missile alarm and a missile striking a building just 12 yards away that organizers finally caved in and postponed the event:

After the first missile alarm we didn’t change our minds and it was amazing to see everyone starting to carry tables and chairs into the safe zones (Shelters) inside the building just so they can keep on working on their projects. Sometimes, the entrepreneurial spirit can overcome fear. It was so inspiring to see how everyone are focused on what seems to be the most important thing at the moment – how to take their idea and make it into a successful venture.

But sometimes reality just hits you in the face. At about 8:30PM, after the third missile alarm and one rocket hitting a few dozen yards away from the building where we were hosted, we had to submit the safety order by the Israeli Army and the city’s representatives who told us to shut down and cancel the rest of the event.

The current in violence in Iraq is not stopping Othmane Rahmouni a senior product manager with Microsoft Advertising, from heading to the middle east to help advise and mentor the 200 participants.

Geekwire reports that Rahmouni is a volunteer with Mercy Corps an agency that has partnered with Startup Weekend to organize events in the developing world.

Find out more about Startup Weekend Baghdad here.

Team led by 14 year old ins Startup Wekend Tampa.

EE-FORENTREPRENEURS

Vine Is Not Dead, Gary Vaynerchuck Launches Talent Agency For Viners

Gary Vaynerchuck, video, vine, Instagram

New York entrepreneur, wine connoisseur, angel investor and now talent agent. Gary Vaynerchuck must believe that Instagram’s Thursday introduction of 15 second video clips won’t hurt Twitter’s popular Vine product.

Vine allows users to create 6 second videos that are looped for eternity and then share them across Twitter and Facebook.

It was long reported that Instagram was working on a video product to rival Vine. The Facebook-owned company unveiled that feature for Android and iOS users on Thursday. It became an instant success (no pun intended), especially with Instagram users who hadn’t started using Vine.

As for the Vine users, the verdict is still out. Several Vine and Instagram users posted “goodbye Vine” videos on their Instragram channels. Others quickly learned that the looping feature wasn’t available on Instagram and that sometimes 15 seconds is too much.

Vine gained almost instant popularity among popular bloggers, like the crew at Phillip DeFranco’s SourceFed and several sports stars and celebrities. 6 seconds gives viewers just enough of a glimpse into people’s lives that it’s fun. It’s quick enough that it doesn’t sidetrack viewers for very long.

Some people are getting very creative with Vine, often using the six second loop to make a continuous movie of sorts.

Vaynerchuck is no stranger to how successful video can be. He started a very successful YouTube show about wine in 2006. Now he thinks Vine is where it’s at.

“I’d seen this rodeo before,” Vaynerchuk tells Fast Company. “I started a YouTube show in 2006, so I lived that phenomenon. I lived what happened on Twitter for the first year and a half, before quote, unquote, real celebrities were on it. It’s just so obvious to me that this is going to happen.”

Vaynerchuck’s Vine talent agency is appropriately called Grape Story, and Virgin Mobile is his first client.

Though the talent will have a level of creative freedom while crafting contracted videos, they’ll incorporate specific Virgin Mobile messages. Vaynerchuck wouldn’t disclose how much stars will be paid per video, but according to Fast Company he did say that a star who made about 20 videos each year could make a living. That’s only two minutes of video. In a year.

Vaynerchuck isn’t the least bit worried about Instagram’s new video feature.

Ron Fairs, Virgin Mobile’s head of brand marketing, and Vaynerchuck’s first client for this venture added “I often question when a platform has its tried and true, which is photography, still photo, moves into another medium,” he says. “What is really the motivation behind it? . . . There could be a host of reasons other than this is what the consumer wants. Vine is something that was born into the model of [six]-seconds of video. And I think when you see other people trying to replicate that model, it’s not going to have the same organic lift and success as the person who came up with it first did.”

 

Move over Gary Vee, this New York startup says they’re the Wolverine of wine startups.

Gary Vaynerchuck image, vimeo

Chicago Announces 2013 Moxie Award Winners

BuiltinChicago, Chicago startups, startup awards, Moxie Awards

Built in Chicago held their second annual Moxie Awards on Thursday night at the swank Park West. Over 800 entrepreneurs, techies, and local dignitaries packed the ballroom for the awards, which highlight the city’s rapidly growing tech scene.

Chicago’s Mayor, Rahm Emanuel, who has been in the spotlight lately for his city’s climbing crime rate, took a break from the negative to highlight the positive. The event comes just a week before the national tech spotlight shines on Chicago Tech Week.

“The Chicago technology economy is vibrant and thriving,” said Mayor Emanuel, according to Built In Chicago. “The entrepreneurial spirit and innovation we see is creating jobs and opportunity now and will have an impact on the city for years to come. I look forward to working with all of these companies as they grow and evolve.”

Next week’s Tech Week event is expected to draw a crowd of a few thousand to Chicago’s Merchandise Mart, home to 1871. TechWeek will feature an exhibition area, several panels, and speakers including the creator of CRM, Mike Muhney, and the boisterous founder of MegaUpload, Kim Dotcom via video feed (Dotcom can not currently travel into the United States).

Here are the 2013 Moxie recipients, reported by Built In Chicago..

Best Consumer Web Startup: SpotHero

Best B2B Startup: Belly

Best Healthcare Startup: GiveForward

Best Education or Recruitment Startup: eSpark Learning

Mobile App of the Year: iAnnotate – Branchfire

Best Civic App: Chicago Bike Map App

Best Bootstrapped Startup: Branchfire

Best Startup Founders/Co-Founders: Marc Kiven, Mike Sands and Eric Lunt (BrightTag)

Best Service Provider: SurePayroll

Digital Agency of the Year: Rise Interactive

Mentor of the Year: Chuck Templeton (Impact Engine)

Investor of the Year: J.B. Pritzker (The Pritzker Group & New World Ventures)

Tech Woman of the Year: Shradha Agarwal (ContextMedia)

CTO of the Year: Harper Reed (Obama for America – 2012)

Best Beard: Jim Shea

Best Company Culture: Centro

Best Software Company: Sprout Social

Best Corporate Digital Innovation: Guaranteed Rate

Startup of the Year: Belly

Breakthrough Digital Company of the Year: Braintree

CEO of the Year: Mike Sands (BrightTag)

Nibletz is using Chicago startup Centup find out more here.

EE-FORENTREPRENEURS

 

Omaha Prepares For Inaugural Class At Straight Shot Accelerator

Straight Shot,Omaha startup, Jake Stutzman, Startup acceleratorOmaha Nebraska is no stranger to startups. Regional mega blog Silicon Prairie News is based there, and they’ve been holding the Big Omaha startup conference for the last five years. Earlier this month SPN welcomed even more startups to the Silicon Prairie with the announcement of the inaugural class of startups for the new cohort based accelerator program beginning July 8.

The accelerator has a focus on e-commerce with a variety of startups going through the first class. There are 14 founders in all and 7 startups. Four of the startups are from outside of Omaha and are starting to get settled in now before the fourth of July holiday.

According to SPN Hayneedle founder Mark Hasebroock is the brains behind Straight Shot.  In the early part of the new millennium Hasebroock helped found hammocks.com an online site to buy hammocks. He helped grow the company into Hayneedle, one of internets largest retailers of outdoor goods, decorative items and items for the home.

Hasebroock is now the Managing Partner for Dundee Venture Capital, the firm that’s backing Straight Shot. But Hasebroock didn’t want to just create a startup accelerator because it’s the in thing to do in 2013. He has set a goal of growing 100 viable companies throughout the next 10 years. Hasebroock is no stranger to the accelerator, he’s currently a mentor in 3 accelerators, The Brandery  in Cincinnati and Techstars Boulder and Chicago.

As with other accelerators, Straight Shot will be fueled by money, mentors and a mission to get the startups to an investible story by the end of the session. Local Omaha entrepreneurs are very excited about their newest entrepreneurial endeavor. Jake Stutzman the founder of elevate.co a local design firm that specializes in startups, is serving as a mentor for this first class and told nibletz.com that he’s been scoping out the startups and has already started informally working with some of the startups that are local to Omaha.

The program runs from July 8th to October 3rd and will culminate with an investor demo day at the end of the session. Straight Shot received 367 applications for it’s very first class. Silicon Prairie News reports that these are the startups selected:

CardioSys (Omaha)

“CardioSys is still developing the full SaaS model,” Larson said.

CardioSys combines advanced mobile and wireless technologies along with predictive analytics in order to provide a real-time monitoring platform for patients with acute or chronic illnesses.

Crateful (Omaha)

“Crateful still has further product development but they actually have active DJs who are utilizing the product they’ve developed,” Larson said.

Crateful uses advanced audio and data analytics techniques to make tools that help music enthusiasts with their No. 1 problem: finding the best music for the moment.

BuyNow (Omaha)

“BuyNow is out pitching, they have a trademarked product and are in the middle of their sales campaign,” Larson said.

BuyNow is a mobile-commerce app that enables consumers to instantly purchase advertised products/services off of any multimedia ad by sending an SMS text message.

Huntforce (Louisville, Ken.)

“Huntforce is currently in the prototype phase for a hardware component that it’s developing,” Larson said.

With HuntForce, hunters can view, organize, manage and share photos of their property and game from their mobile devices.

Cosmic Cart (Durham, N.C.)

“Cosmic cart has signed up retailers, actually active publishers and has some commerce that’s being transacted,” Larson said.

Cosmic Cart adds convenience and security to online shopping by allowing users to add products into one shopping cart from anywhere online.

Cympel (pronounced “simple”) (Minneapolis, Minn.)

“Cympel has had pilot companies and is in final product development stages,” Larson said.

Cympel delivers interactive advertisements and the ability for a customer to immediately purchase the product without redirection.

Business Exchange (San Francisco, Calif.)

Through the Business Exchange platform, businesses can provide feedback, insight, recommendations, reviews and ratings to one another based on real-world transactions.

This startup conference is all about startups everywhere else. Do you have our ticket?

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Truckily Connects Food Trucks & Fans, Closes Seed Round

Truckily, Kansas startup, Ark Challenge, startup, accelerator, fund raisingFood trucks are becoming popular in cities across the nation. Hot food–often gourmet–out of a truck? What’s not to love?

Well, for one thing, you can never find them. Seriously, never. No matter how closely you watch Twitter or Facebook, you always seem to just miss the truck you’re craving.

That’s what happened to Truckily cofounders Derek Kean and Matthew Berkland on a trip to San Francisco. Their frustration with downloading several apps, watching trucks drive by, and STILL not being in the right place at the right time led them to dream up a one-app stop for food trucks and their fans.

Enter Truckily. For $30 a month, trucks can use the service to update their location just once. Then, the new location appears on the Truckily map, Twitter, Facebook, and Foursquare. The app is free for users, and when they open it up, they see a map of where all the food trucks are parked.

We talked with Truckily back in September. They were fresh from their time with the ARK Challenge and credited that experience with the ability to focus on the business and make important connections. At that point, their next step was to raise funding to continue building their product.

Now, according to Silicon Prairie News, they’ve done it. This month Truckily closed a seed round of $120,000. The round includes Gravity Ventures and Kea Ventures. The money is technically invested in RTF Logic, but the founders will use it to build out the Truckily platform.

Cofounder Derek Kean gave Silicon Prairie News a hint about what they’ll do with their new funding.

Once our team is comfortable with our progress, we will begin expanding the platform into other areas that are currently identified, while keeping our ears open for markets that are open for growth. We are ramping up our efforts once we iron out any remaining ‘face-palm’ errors.

When Truckily launched its public beta for iOS in April, they focused on the Midwest. According to their blog, they are also seeking to expand into the Minneapolis/St. Paul area. They hope to be available for Android by the end of the summer.

You can check Truckily on their website.

SocialRadar is 8 Weeks Old, Raises $12.75 Million

Social Radar, DC Startup, Funding, Startups

The 10-person team over at SocialRadar is asking, “What Series A crunch?”

Eight weeks after formally founding the Washington D.C.-based company, they are now announcing a $12.75 million round, led by New Enterprise Associates, Grotech Ventures, and SWaN & Legend Ventures. Notable angel investors such as Dave Morin, Steve Case, Kevin Colleran, Ted Leonsis, and others are also joining in.

So, what is SocialRadar? The company’s website describes it like this:

Today over 1.1 billion people have smartphone devices that can broadcast their locations. Over 2.8 billion people have social profiles online. In the future, the power of your smartphone’s location will inevitably be combined with your social network – allowing you to walk into a room and already be aware of the people around you and how you are connected to them.

SocialRadar believes they are building this technology now.

At the 2013 CTIA expo, CEO Michael Chasen explained that they first developed technology that monitored all the top social networks like Facebook, Twitter, Foursquare, etc. Then, when a SocialRadar user walks into a room, the GPS on their smartphone will locate all the people they might know and explain how they know them. No more standing around awkwardly in a bar, only to realize your best friend from college is sitting just a few seats over. When  you enter the bar, your phone will let you know who’s there.

What differentiates them from other “people finder” apps is privacy. With SocialRadar users control who–if anyone–can locate them.

The company is preparing for their beta launch, coming soon to iPhone and Android. They’re also building a version for Google Glass, which seems to be a perfect fit.

Chasen was formerly a co-founder and CEO of Blackboard, the online learning platform that sold in 2011 for $1.7 billion.

You can sign up for the public beta on SocialRadar’s website.

Learn to Pitch BEFORE You Start Raising Capital

Dr. Tony Ratliff - tonyratliff.comIt only took about six months of deal flow and a handful of “pitches” before I realized that most entrepreneurs are really, really bad at “selling themselves” and “pitching” their ideas and companies to investors.

I cringe every time I listen to a great start-up idea or read a well-written executive summary, and then watch in horror as the founder stumbles and trips throughout the “pitch.”  So many good ideas and businesses never get funding and/or fail to receive the benefits of a properly funded startup – all because of a poor presentation during the “pitch.”

The sad part is that as I’m sitting there taking notes, I’m thinking to myself, if only I could have spent a few hours with this poor guy or gal BEFORE his/her presentation. We could have highlighted “this or that,” deleted a whole section here, added more about “this” and not talked about “that” –then they probably would have at least gotten a second look and due diligence follow-up.

This is not the only way to give a “pitch,” but hopefully it will help improve your presentation and increase your chances of obtaining funds.  By following these eight simple suggestions you’ll be setting yourself apart from the other poor “pitches.”

1. Tell us what you do in as few words as possible.

Maybe it’s me, but it seems like most Angels and VCs are people with type “A” personalities. We have short attention spans and don’t like to waste time. Give us the “short version,” and if or when we ask questions, then you can provide us with more details. The first thing we want to do is understand what it is that you do – in plain and simple English. Next on the list, we want to know what problem you solve and why your solution is important to your customer.

2. What’s the plan? How does it scale?

As investors, we aren’t always interested in your product, but we are interested in “returns.” Your mission statement is important to me, but what is really rolling around in my head while you’re up there giving us the “pitch” is: Will this work? Is this the right guy/gal for the job? How much money will we be able to make when we sell our shares? Does this thing scale? Explain to me how you are going to market and grow the business. Most investors are in it to make a profit, and if your business doesn’t scale, it probably won’t be very profitable. I’m not interested.

3. Talk about the team.

This is very important to investors. Don’t just put up a slide of your team and their past job experiences. Tell us why you’ve assembled this team for this opportunity and highlight your expertise. We know everyone has to start somewhere. Personally, I like to see and hear your passion about the product. Because, I know that passionate people find ways to get things done when they hit the “bumps in the road,” and there will always be “bumps” along the startup highway. Startups are hard; passionate people can make it over the “bumps”.

4. What’s your go-to-market strategy?

Your great idea is useless if no one hears about it or knows it even exists. So many people spend time developing a great product, only to find out no one wants it. How are you going to get it into the hands of your customers? What is your Marketing plan? What is your customer acquisition cost? Do you have any sales channels besides your sales team?

5. What is your competitive advantage?

Chances are that you’re not the first person to see this problem and offer a solution. There are probably about 28 people working on the exact same problem in some form or another. As VCs, we have probably heard a “similar” pitch within the last several months, if not weeks. More often than not, it’s not about the idea, but about “execution of that idea” that we are all betting on. Tell us “what it is” that your team brings to the table that can help you out-execute your competition – your IP, your marketing advantage, your knowledge or your network?

6. Let us touch and feel your product.

A short demo or actual product sample is really key. I want to use it, at least see it. Is it simple? Does it solve your customer’s problem? Is it easy to use from a user’s point of view? We don’t need to understand all the features or really any of the code – I just want to know that it’s clean, works and is simple to use. It’s hard to invest in things that look too complicated and things we can’t fully understand.

7. Expose your weaknesses before we do.

Successful people understand their strengths and weaknesses. Go ahead and acknowledge your weaknesses because I guarantee that everyone in the room is asking themselves: What is it that I don’t like about this? Where are the holes in this plan? What’s holding me back from investing in these people? Does this team have what it takes? Let us know about the risks you see moving forward and tell us how you plan to handle them. Be honest.

8. Show us the FINANCIALS.

It’s hard to forecast projections for an early stage company, but show us what you’ve got; we know they’re probably wrong anyway. Explain what it will take to double or triple the sales and what kind of timeframe you will need to accomplish this. We also want to know your “breakeven” numbers. Plus, as investors we don’t particularly like to see the funds going to Founder salaries; we want you spending money in marketing, development, and sales. Oh, and make sure you tell us how much money you are trying to raise. What’s the Ask?

This isn’t the only way to get funded, but I hope it helps. If you nail these 8 key points in the “pitch” and can answer some basic questions about your product, valuation, and your competition, you’ll have a much better chance of raising funds and building your awesome company.

Dr. Tony Ratliff is a dad, dentist, entrepreneur and investor in the Indianapolis Start-up Community. He practices dentistry throughout the week, but has a passion for angel investing, business strategies, technology and start-ups. You can follow him @drtonyratliff or check out his blog Venture Capital, Start-ups and Dentistry.

5 Reasons You Wish You Could Go to the NewME PopUp Accelerator

newme1If you’ve been around the startup space for a minute, you know about accelerators. You probably know the best ones, the pros and cons of joining one, and that many people think they’re in a bubble.

Here at Nibletz, we love accelerators. Besides the wealth of information and time they give founders to grow their business, accelerators are good for the local ecosystems. With that in mind, we were super excited to find out about the NewME PopUp Accelerator. NewME is combining its world class accelerator program with another urban trend, the popup shop, and taking it around the country.

So, why should you take a weekend off to be a part of this new type of accelerator? It’s certainly not the intensive, boot camp experience that a traditional accelerator is. But, then again, we’re entrepreneurs. “Traditional” isn’t really in our vocabulary, now is it?

Here are our top 5 reasons to apply for the NewME PopUp Accelerator:

  1. Startup Coach–Each startup that is accepted will have 50 minutes 1-on-1 with a NewME coach. That’s 50 straight minutes of advice and feedback focused solely on your startup. These coaches are coming from Silicon Valley to everywhere else and letting startups in on what it takes to succeed.
  2. Master Classes–Each PopUp accelerator includes 2 Master Classes in the Art of the Pitch. From your company’s value proposition to compelling presentation skills, the experts teach it all. You will leave the weekend with a completed pitch deck and the skills you need to start pitching it.
  3. Demo Day–Yup, no accelerator is complete without a Demo Day, and NewME PopUp Accelerator has one of those, too. Local investors are on hand from each city, but there also a few special guests from the Valley. Demo Day participants could land a spot in the full 2013 NewME Accelerator in Silicon Valley. And, just in case you don’t think much can come from such a small event: DC winner Zoobean closed their first round in May.
  4. Networking–It’s true that the actual NewME PopUp program is awesome. But we all know deals don’t happen in a classroom. For 2 1/2 days, Silicon Valley experts will be in your backyard, and you can ask them ANYTHING. As great as local ecosystems are, it’s always good to get some fresh blood
  5. Cost–For less than $100, you can have access to Valley experts and decision makers, right in your hometown. In case math isn’t your thing, that’s less than the cost of a flight to California.

I know, you wish you could be one of the lucky startups selected, right? Well, the tour is just getting underway, and stops in Kansas City, Austin, and NYC are in the plans.

But, if you’re in the Southeast, Memphis is hosting a PopUp Accelerator on June 28-30, and there’s still time to register.

Use discount code MEMPHISEDU for huge discount

 

Montana Tops Nationwide Startup Index

Montana, Kauffman Foundation, Startups

When Big Bang Theory‘s Sheldon Cooper ran off to Bozeman Montana in an episode where his apartment had been broken into, he may have been onto something. Cooper very quickly abandoned the idea of staying in Bozeman, but according to the latest Kaufman Index of Entrepreneurial Activity, Montana is a hub of technology startup activity.

CNN Money reported on Monday that Montana topped the latest Kaufman report highlighting startup activity nationwide.

In the previous year Montana had ranked 17, but in 2012 they moved up to the number one spot with 530 startups per 100,000 adults. According to the report many startups are sprouting up near Bakken fields in support of it’s oil industry.

Montana State University is a driving technology hub of activity in Bozeman, Montana, where startups have found funding opportunities and incubators.

With a little help from startup guru Brad Feld, Montana held their first Startup Weekend event back in December in Missoula, Montana. We also got to meet Sri Vellanki, a Montana woman who abandoned her career to launch a startup called TechTips, which was featured in the Eureka Park section of the International Consumer Electronics Show (CES) back in January.

Entrepreneurs are attracted to Montana because it has no local sales tax and a low cost of living.

Check out this Florida startup which can tell you how high you jumped.

EE-FORENTREPRENEURS

Canadian Startup SpotSquad: Crowdsourced Parking Vigilantes

SpotSquad, Canadian startup,startup

The “crowd” has been used for a variety of things in the startup world lately. There are startups utilizing the crowd to find the best restaurants, events, websites, and even parking spaces.

We got the chance to talk with Berlin startup ParkTag in May during TechCrunch Disrupt NY 2013. Their company uses the crowd, or rather a peer-to-peer platform, to help people police themselves and find parking spots.

Now we’ve heard about Canadian startup SpotSquad that is using the crowd to snitch on people who are illegally parked. Of course it’s frustrating to find someone double parked outside the mall or the local WalMart. It can even be frustrating seeing someone with a nice car, and two perfectly working legs, park in a handicapped parking spot.

SpotSquad, developed by a 10 person team in Winnipeg Canada, is an app that allows vigilantes with a smartphone to report people who are illegally parked. What’s in it for these good Samaritans? Well, according to the Daily Mail, the people  who report these traffic violators will receive a portion of the fines collected.

How does it work?

The DailyMail reports that users with the SpotSquad app installed will take a picture of the violating car. The picture is then tagged with a GPS location. The reporter then assigns the picture a violation, and it’s uploaded to authorities. The reporter and SpotSquad will get a portion of the fee collected. As reporters report more and more violators, their cut of the fees will increase and their ranking will increase within the system from Private to General.

The company plans to begin a beta test of the app next month in Winnipeg.

Find out more here at SpotSquad’s website

 

This Canadian startup has a new way to display brands for marketers.

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