West Capital Advisor and Draper Triangle’s Mark Richey Added To Everywhere Else Cincinnati!

With less than 2 weeks to go for Everywhere Else Cincinnati, we’re still letting speakers out of the bag. Everywhere Else Cincinnati is shaping up to be the destination conference for startups everywhere else. The conference will feature 30 great startup and investor speakers from across the country. We’ve kept ticket prices low to allow even the most bootstrapped startups from everywhere else the opportunity to afford and attend a major startup conference.

We are pleased to announce that Mark Richey, Venture Partner at Draper Triangle Ventures and Managing Director/Founder at West Capital Advisors, will be one of our featured keynote speakers during the Everywhere Else Conference September, 29th through October, 1st in Cincinnati Ohio.

Mark is an experienced technologist, executive, founder, and private equity investor. Most recently, he served as a Managing Director in Draper Triangle Ventures, an early stage venture fund and affiliate of the Draper Network of funds headed by Draper Fisher Jurvetson in Menlo Park, CA. Mark maintains a relationship with Draper Triangle in the role of Venture Partner.

Mark has been involved in many entrepreneurial ventures. Mark founded Synchrony Communications in 1997 raising $38 million in funding from leading VCs and strategic investors, including Charles River Ventures, APAX Partners and GE Equity. He grew the company to a size of more than 130 employees in four cities serving over 80 customers, including Cincinnati Bell, Bank of America, and Proctor & Gamble. In prior years Mark served in management roles with a series of venture backed Silicon Valley companies, including Gain Technology (sold to Sybase), Siebel Systems (IPO), and Genesys Telecommunications (IPO). After graduate school he worked in management consulting with Theodore Barry & Associates (Los Angeles). Mark began his career as a software engineer with Cincom Systems (Cincinnati).

Mark holds an M.B.A. from The Kellogg Graduate School of Management, Northwestern University, and a BS Systems Analysis from Miami University. He currently serves as an observer on the boards of Thinkvine, Oversight Systems, and CardioInsight, the advisory board of Priority Consult (division of Mayfield Spine Clinic), and the TechColumbus Investment Committee. Mark is a past member of the Business Advisory Council of Miami University’s Richard T. Farmer School of Business Administration.

You can get attendee tickets or register for a Startup Avenue booth below. For more info on the conference visit eecincinnati.com

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Tennessee’s Master Accelerator, The TENN Wraps Up Statewide Demo Day Roadshow

Accelerator, Launch Tennessee, The Tenn, Startups

(photo: Brandon Dill/ commercialappeal.com)

Every startup accelerator everywhere else wishes they could have participation at demo day from their top industry leaders. While some of their leading companies may have a presence at demo day, the real influencers are often too busy to attend a four hour demo day. With this problem in mind, Tennessee had a great idea for their startups: bring them to those companies.

Ten accelerator graduates from across the state of Tennessee just completed a weeklong statewide roadshow. Each of the ten startups chosen to participate in the statewide master accelerator program were all graduates of one of Tennessee’s nine accelerator programs.

The master accelerator program, called The TENN, was put on by Launch Tennessee, the public/private partnership spearheading the accelerator efforts across Tennessee. Launch Tennessee partnered with the Blackstone Foundation to put the program on, as well as other key state sponsors.

Twenty accelerator graduates that wrapped up their programs by August of this year competed in a final pitch off in Nashville on August 27th. At that event a group of judges from outside of Tennessee had the daunting task of narrowing down those 20 to just 10 for the road show.

In addition to going on the road in a wrapped tour bus, each of the companies received $10,000 for their business and will have access to office space at their accelerator’s office space, or they will receive a subsidy for space they may already occupy.

The ten companies chosen were:

eClinic (Nashville)
Got You In (Nashville)
Gun.io (Nashville)
Hatponics (Knoxville)
Health & Bliss (Memphis)
Mobilizer (Memphis)
Screwpulp (Memphis)
Survature (Knoxville)
Vendor Registry (East Tennessee)
View Medical (Memphis)

Health & Bliss had to drop out of the roadshow due to a scheduling conflict. They were replaced by Chattanooga startup HutGrip.

The roadshow kicked off in the Tri-Cities area with stops at Eastman Chemical and AccelNow. On Tuesday the bus made its way to Knoxville, where they stopped at Scripps Networks and the Knoxville Entrepreneur Center. Wednesday the bus stopped in Chattanooga at Society of Work. Thursday the group traveled to Nashville and the Nashville Entrepreneur Center. The trip wrapped up in Memphis on Friday with stops at First Tennessee Bank and FedEx.

The ten companies will continue working on their businesses and with mentors and corporate leaders across the state.

You can find out more about The TENN at TheTENN.org

Image: CommercialAppeal

One Direction Uses London Based YC Startup To Raise $780,000 For Charity

The extremely popular British boy band One Direction sells everything in the world with their logo on it. Go into a retail store of any kind, and you’ll find 1D branded merchandise from bed sheets to school supplies to talking dolls and everything in between. In fact the band makes more off licensing than album sales. But when the lads decided to raise money for charity, they decided they needed a little help.

Forbes online reports that One Direction turned to a Y Combinator startup with roots at Oxford University. The startup, called Prizeo, harnesses the power of an amazing Rolodex and relationships that range from Samuel l Jackson to Khloe Kardashian to help build up their already amazing client list.

The company uses a raffle model that gives every entrant into a charity contest one entry. They also work with celebrities to offer huge prizes for fans, visits, or interactions with those celebrities.

For the One Directions charity contest ,they chose British non profit Trekstock, which provides funding for cancer research.

The prize in the contest was an evening on the town with Harry Styles and Liam Payne, arguably the band’s two most popular members.

Before One Direction, Prizeo had raised $1 million dollars across 10 campaigns Forbes reported. 1D raised $780,000 in six weeks.

The campaign attracted 1.4 million views, 240,000 shares and 445,000 video views on YouTube. The hashtag for the campaign trended number one globally.

Trekstock was extremely pleased with the results. “We had no idea how much the campaign could raise,” Sophie Epstone, the company’s CEO, told Forbes.

One Direction Image.

YES!!! Denver Hutt To Speak At Everywhere Else Cincinnati

Denver Hutt, Everywhere Else Cincinnati, startups, Bad Ass Startup Chicks

Denver Hutt (center) surrounded by entrepreneurs. (photo: Facebook)

We’ve got some great news to report this Friday morning! Indianapolis bad ass startup chick Denver Hutt says she’s feeling up to speaking in a couple of weeks at Everywhere Else Cincinnati.

Hutt is a true startup champion. She’s a connector, an entrepreneur, and a startup junkee. The native of Santa Monica, California moved to Indianapolis for college and by choice stayed there to start pursuing her entrepreneurial career, which includes running the Speak Easy startup and coworking space.

She’s been a hustler all of her life right up until, and now through, the point where she was diagnosed with cancer. When (with her permission) we first reported the news back in May the startup world was devastated. Hutt is a person who’s known to go to as many events as she can. She’s a networking machine, and she really gets things done. Her story also became a lesson for entrepreneurs with the go-go-go lifestyle to take a minute to take care of ourselves.

Prior to this news Hutt was one of the first women featured in our Bad Ass Startup Chicks spotlight.

While Denver is putting up a tremendous fight, the way only a die hard entrepreneur could, she’s unfortunately not out of the woods just yet. Fortunately for us though she’s well enough to make the trek from Indianapolis to Cincinnati for Everywhere Else! She is looking forward to reconnecting with many people that she met at our Memphis conference back in February.

We ran a follow up piece in August and challenged Denver to make it to the conference.We’re so glad she’s accepting the challenge!

What? You don’t have your Startup Avenue booth or Attendee ticket yet? Get them below.

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Memphis Startup Restore Medical Becomes First To 510 (K) Out Of Zero To 510 Accelerator

The ZeroTo510 startup accelerator in Memphis Tennessee is the first cohort-based medical device startup accelerator in the country. The joint venture between Start Co and Memphis Bioworks puts medical device companies through an accelerator program and helps shape scientists and engineers into startup founders.

The other, important goal for ZeroTo510 is getting these medical device startups to the 510(k) approval from the FDA. This approval is a quicker path to market roughly based on the idea that your product is expanding on an idea or improving an idea previously approved by the FDA. In short a typical FDA approval for a new device can take anywhere from 3-10 years while a 510 (k) approval can shorten that time down to 1-3 years.

All of the companies selected for the first two completed cohorts at ZeroTo510 (summer 2012 and summer 2013) werelooking to get that approval and get their product to market.

We’ve covered Restore Medical almost from the point when founders Shawn Flynn and Ryan Ramkhelawan made the move from Atlanta to Memphis for the accelerator at the beginning of summer 2012. At that time both founders told Nibletz that they liked Bioworks and the cohesiveness of the Memphis startup community, despite the fact that Atlanta is a much larger city.

Restore Medical has developed a system that more thoroughly, cleanly, cheaply and greenly sterilizes surgical instruments. The way surgical instruments are currently sterilized is time consuming. Not only that, but if one instrument is found to be unsterile the entire batch of instruments for a particular surgery needs to go through the process again. This can take hours at a time, so the OR teams must make a decision on whether to wake up the patient or to keep the patient under anesthesia which can be costly for the doctors and the patients not to mention dangerous.

“Our product allows hospitals to clean and re-sterilize surgical instruments more efficiently, saving time and money,” Flynn, the company President said in a statement. “More importantly, it improves the sterilization process, reducing the chances that a patient will be infected by contaminated instruments.

Restore Medical Solutions announced on Thursday that they had received their FDA 510(k) clearance. The company is also pleased to announced that it has successfully completed the certification process for internationally recognized medical device specific quality management standards ISO 13485:2003 and the Canadian Medical Device Conformity Assessment System (CMDCAS). Certification was conducted by BSI Group, one of the world′s leading certification bodies.

“These clearances allow us to market our products domestically and internationally, and they show that our product is safe, effective and meets regulatory requirements in both the United States and Canada,” said Ramkhelawan.

Restore Medical Solutions is moving into a larger 2500 square foot space in the Memphis Bioworks complex which will allow them space for assembly and distribution.

You can find out more about Restore Medical Solutions here.

Mark Cuban Never Sleeps: Backs Harvard Startup HourlyNerd

HourlyNerd, Boston startup, Harvard Startup, Mark Cuban

(HourlyNerd team photo: HourlyNerd)

Just yesterday we reported on Mark Cuban’s two most recent investments. Now we have a third. Back in July we reported that Mark Cuban had backed Harvard startup Tivli, a company that brings live TV over the internet to college students. The company allows college students to view their live TV content over any connected device no matter where they are on campus.

Well Cuban is back at Harvard investing in another high growth potential startup, again in a totally different industry.

HourlyNerd, the Harvard startup, is the latest startup trying to connect MBA’s to work. The company says they have 900 MBA’s who are willing and ready to work for small businesses on an as needed basis. The service is ideal for “small businesses that want to access premier quality professionals at reasonable rates and on an ‘as needed’ basis,” HourlyNerd told the Boston Business Journal.

There are a lot of MBA graduates and MBA students that upon completion (or nearly completing their MBA) struggle trying to find the ideal long term placement for themselves. There have been a handful of startups that are trying to find ways to connect these MBA’s to work, be it extremely short term or on a project by project basis like DC based MBA Project Search which we profiled back in November.

In regards to HourlyNerd, Cuban said in a statement that the company “fills a need every entrepreneurial company faces,” and said he expects to use the service “heavily.” Cuban is investing rapidly in several startups that run across a variety of industries, often times outside of his direct scope.

Cuban led HourlyNerd’s $750,000 round with a reported investment of $450,000. The company was founded in a Harvard University course by Rob Biederman, Peter Maglathlin, Joe Miller, and Patrick Petitti.

The Business Journal notes that Accanto Partners and Connect Ventures also participated in the round.

See how our co-founder Nick Tippmann directly helped Atlanta startup Badgy get an investment from Mark Cuban.

Fred Wilson: The C In 5C Means Clueless Not Cheap

The godfather of New York venture capitalists Fred Wilson took to his blog Wednesdaywith his reactions to the New York City Mayoral race and, the all important news to the world, Apple’s release of two iPhones. When the story started crossing my alert box, I hadn’t had time to read the blog post and thought perhaps Wilson had gotten it wrong. I was thinking he didn’t see the need for the iPhone 5C.

Wilson took a look at what really happened on the stage at Apple’s headquarters in Cupertino, California on Tuesday morning. The first indicator that things were awry with this iPhone announcement is that they were holding the press event in the town hall room at Apple vs the Moscone or the Yerba Buena Center For The Arts. The significance in the venue is how many people it holds. Holding the event on campus meant a tighter, more curated press corps.

So what did happen on Tuesday?

Apple’s Phil Schiller, Jony Ive, and CEO Tim Cook announced not one but two new iPhone models. The iPhone 5s is the annual upgrade to the original iPhone (now in it’s 6th iteration). The iPhone 5c is supposed to be a cheaper version of the iPhone, designed to start competing with Android.

Most tech pundits have said time and time again over the last three days that one would be silly to “upgrade” your current iPhone to the iPhone 5c. The colors are cool but you can get a case for the new iPhone 5s in any color imaginable. Heck a 3d printer can print you one.

The 5C isn’t supposed to be an upgrade. It’s supposed to be an entry level iPhone, which is Wilson’s exact point over on his blog. When Apple held their press event, they showed the subsidized two year contract prices. The iPhone 5c would start at $99 while the 5s would start at $199. Yes you get a whole lot more for $100 dollars, but that’s not the point.

The point Wilson brings to our attention is that the iPhone 5C is supposed to be the low cost point of entry in the iPhone ecosystem. Abroad most wireless users buy a phone outright and just pay for SIM cards from the carrier they want. They own the phone and don’t have to get into a ridiculously long contract to obtain it. In the US those contracts are two years and in Canada they are three years.

So if you look at what’s really happening as Wilson reports: “the 5C is a big disappointment. It will sell for $100 less than the 5S in the unsubsized market, which means $549 for 16gb and $649 for 32gb. The C in 5C does not mean “cheap” as I had hoped. It means clueless, as in clueless about how the vast majority of new smartphone users are paying for their phones.”

So it looks like Wilson is right. The 5C may not be that entry point Apple’s been looking for to disrupt the low cost Android phones that are gobbling up market share.

Mark Cuban Shows Variety In Portfolio With Latest Startup Investments

Some may think that Mark Cuban’s investment strategy is all over the place, but teh truth of the matter is it goes hand in hand with his varied background. Cuban’s career crosses a variety of industries, all of which were self taught.

Cuban began his career as a self taught computer salesman who didn’t even own a computer. From here his next big accolade is selling broadcast.com to Yahoo, starting HDTv (now axs). Now he’s also a NBA franchise owner, shark on ABC’s Shark Tank, dancer on Dancing With The Stars, startup investor, philanthropist, and more. With all of that in mind Cuban is still just one of the guys, just ask anyone that knows him or frequents places he likes to hang out.

Cuban’s investment portfolio encompasses lots of industries. He’s invested in things that touch his TV business like Tivli and One Condition. He’s also invested in app selling company Apptopia, multilingual analytics firm Linquasys. and local rewards startup Badgy. That doesn’t even scratch the surface of Cuban’s portfolio; you can find more of his investments here.

Cuban’s two most recent statup investments are equally diverse.

After meeting Kim Taylor at the Kaplan accelerator program for edtech startups, Cuban led a $500,000 round for Ranku. Taylor also happened to be one of the featured entrepreneurs on Bravo’s reality show about startups called Startups: Silicon Valley.

Ranku ranks colleges by the success its graduates have with finding jobs rather than how they rank on the US News & World Report list. Obviously this is a much more relevant way to rank schools for students headed into college.

On Wednesday evening TechCrunch’s Anthony Ha reported that Cuban has also backed legislation tracking and prediction startup FiscalNote. The $1.2 million dollar round will help the startup continue working on new technologies to support their original model.

FiscalNote provides a service to businesses that keeps them up to date with legislation across all 50 states that may affect their business. Co-Founder and CEO Tim Hwang told Ha that many businesses are affected by these changes in legislation and for a business to keep up with them they would need a large staff hitting refresh on all 50 states websites continuously. Beyond that they would need to decode that legislation and see how it really affected their business. FiscalNote’s algorithm does all of that for them.

For more on Mark Cuban and his startup investments check this out.

Kansas City Startup Trellie Makes A Splash At NY’s Fashion Week

Trellie, KC startup, wearable technology, New York Fashion Week

The Trellie device (pictured here) was featured at New York Fashion Week. (photo: trellie.com)

It’s Fashion Week in New York, and while New Yorkh is growing as a hub of technology, it’s all about fashion throughout Manhattan and the surrounding areas. Tens of thousands of designers (the fashion type), stylists, and others in the fashion industry make a pilgrimage to New York to show off the latest trends for the spring season.

One of the companies making the trek out to New York this year was Kansas City startup Trellie. This tech startup makes a fashion accessory that attaches to a woman’s purse and lights up to alert the owner when a call is coming in or they’ve missed a call. Because women keep their phones in their purses, they can miss calls because they can’t hear the phone ring or feel it vibrate. This device gives them a subtle way to know when there is a call coming.

The Kansas City Business Journal reports that a New York Daily News writer called the startup “wearable productivity meets fashion.”

Heidi Lehmann a Trellie advisor added, “Many retailers are creating floor space now for such products apparently. We were the only brand called out in such a manner during the panel discussion.”

It’s been a great month for Trellie, the startup closed a $900,000 seed round last month and with this showcasing at Fashion Week they were also featured in the nationally syndicated Parade Magazine.

State Of Virginia Backed CyberSecurity Accelerator, Mach37 Prepares For Launch

New accelerators can be exciting, especially those touching new verticals. Mach37 is a public partnership formed from an initiative to grow the State of Virginia’s cybersecurity industry. Between the federal government, military, and the CIA based all in the northern parts of the state, cybersecurity is a very important industry. The initiative, called Semper Secure, is backed by the state of Virginia in conjunction with Northrop Grunman, one of the biggest defense contractors in the world.

The program was modeled after traditional 90 day cohort accelerator models, except for the fact that it’s focusing just on cybersecurity. This siloed model has worked for other cities in other industries as well, like New York’s Digital Health Accelerator and Code for America’s civic accelerator.

While the region is ripe with longstanding security firms, Virginia is excited about the new wave of cybersecurity startups. According to civisourceonline.com there are a number of private sector firms as well as angel investors and VC’s interested in the highly lucrative space.

The first group of startups will be announced this week, and they will begin the first of two 90 day cohorts that Mach37 hopes to hold each year. While the accelerator follows the cohort model, they wanted it to be different thsn other startups that call themselves “boot camp.”

” We’ve studied other accelerator programs, and we didn’t want it to be a boot camp, each entrepreneur is going to come away with a very different experience from others in the program,” Rick Gordon the Managing Director at Mach37 told CiviSource.

Prime Real Estate Among The Prizes For Valparaiso’s First Startup Weekend

When you hear “free office space” as a perk for something startup related, it’s typically an accelerator, and it’s also typically for the term of the accelerator. There are some accelerators, like Cincinnati’s The Brandery, that actually allow teams to take up residence for almost a year, until the next annual cohort moves in.

Well the folks putting on the first Startup Weekend in North West Indiana (Valparaiso) next month just revealed a nice catch of a prize from the Purdue Research Foundation. The Startup Weekend organizers and the foundation have partnered to offer one free year of office space at Purdue Research Park in Northwest Indiana.

That office space comes with fiber optic network connectivity, a receptionist with telephone answering services, VoIP, free parking, secure facilities, and even lab space. They also offer a convenient location just 45 minutes away from The Loop in Chicago.

The Purdue Research Foundation will offer the free office space lease to one of the winning startup teams at Valparaiso’s Startup Weekend, which starts on Friday, October 11th and runs through Sunday, October 13th. Purdue Research Park Director Kathy DeGuillio-Fox will also serve on the judging panel for this Startup Weekend event.

Official Startup Weekend events are 54 hour, build-a-startup, hackathon weekends. They begin on Friday evening with dinner and a chance to meet the other attendees. From there ideas for projects/startups are given in 60 second presentations. The ideas to build are voted on by the entire group, and by Sunday the new teams present their startups to the audience and a panel of judges.

There are still a few spots left for Valparaiso’s Startup Weekend. You can register here.

3 Startup Lessons From an NFL Coach

With the 2013-14 NFL season kicking into full gear, and as I settle into my Sunday ritual, I’m reminded of why my hero, head coach Pete Carroll of the Seattle Seahawks, is just that — a hero.

Since he took the reins in Seattle in 2010, Pete’s taken a below-average team and turned out a Superbowl contender. His leadership style can be applied to a startup and to leading a company. There is a lot to like:

“Do it better than it has ever been done before”: Pete inspires his team and his program to “do it better” than ever before. He believes this mantra at his core. I know I can certainly do a better job of evaluating, optimizing, and maximizing every area of production in my business.

So can you. Once a year, make sure to break down every aspect of operations — from your cleaning service to board meetings. Evaluate how you can do better than anyone has before.

“Be different”: The Seahawks leadership has specifically looked for players with unique skills and traits. They then put them in a position where they can take full advantage of their strengths and minimize their weaknesses. Through this process, the Seahawks have acquired a collection of players that others didn’t value as highly. These players were able to fit together to perform at a very high level.

With the market for technical talent as competitive as it is, part of the challenge for a successful startup and technology company is to think outside of the box. Who are the right types of people and what skills should you look to hire for? With a specific salary amount available, it is critical to use dollars to achieve maximum output. What are the people and skills that are undervalued but can add tremendous value when put together?

“Compete”: Competition is about setting up an environment where people are driven to perform to their maximum ability. Doing this while retaining team camaraderie and spirit is difficult. I believe Pete has done an excellent job of communicating the purpose of internal competition – to make each player better. Grading games and practice tape, comparing players, and completing detailed evaluations naturally creates a meritocracy. Pete believes that if there is an available player who will improve the team, it is his responsibility to make a change in order to make the team as competitive as possible.

The takeaway: Set up an environment that requires everyone to up their game each day. Use data and transparency to show your employees how they are performing, and be very clear that it is your responsibility to use the limited number of positions and expenses to make the best company it can be.

And with that … Go Seahawks!

Matt Ehrlichman is the CEO of Porch, where you can get inspired by the best home projects your neighbors have completed, see what any home project will cost, and find the best service professional your neighbors and friends recommend. Previous to Porch, Matt was a founder and CEO of Thriva (acquired by Active Network) and Chief Strategy Officer of Active Network (2011 IPO). Matt lives in Seattle, WA.

The Young Entrepreneur Council (YEC) is an invite-only organization comprised of the world’s most promising young entrepreneurs. In partnership with Citi, the YEC recently launched #StartupLab, a free virtual mentorship program that helps millions of entrepreneurs start and grow businesses via live video chats, an expert content library and email lessons.

YEC founder Scott Gerber keynoting at this huge startup conference for startups “everywhere else”

Whoa! Jeff Hoffman The Real “Negotiator” To Keynote Everywhere Else Cincinnati

Earlier this year at Everywhere Else Memphis, Priceline founding CTO and Starutp America CEO Scott Case took to the stage to spread the important gospel of startup communities and culture. Case has spoken at events across the country and in a lot of “flyover” states, focusing especially on the earlier stage startups.

This time around we are honored to have Jeff Hoffman as one of our main keynote speakers at Everywhere Else Cincinnati. Hoffman is best known as the co-founder of the Priceline.com family of companies. He’s also been the CEO of uBid and Color Jar. He’s a regular mentor for startups and pens a great column on innovation and entrepreneurship for Inc Magazine.

While he’s a very esteemed and successful entrepreneur, back in May at the Global Entrepreneurship Congress in Rio de Janeiro he proudly announced “I don’t spend time launching business plans anymore, I launch entrepreneurs.” That’s why he is one of the co-founders, founding advisors, and founding mentors for Indianapolis based VentureCamp. Hoffman calls it a “fully immersive startup ecosystem.”

After launching 7 successful companies (including Priceline and another travel company that was acquired by American Express), Hoffman has decided his life’s work from here on out is launching entrepreneurs. He’s been speaking for years on entrepreneurship but really enjoys getting into the nitty gritty with the young, vibrant, and disruptive crowd.

While speaking at that conference in Rio, Hoffman passionately spoke about the entrepreneur and how if the entrepreneur has a bad experience upfront “we could lose that entrepreneur.”

When Nibletz Co-Founder Nick Tippmann attended Venture Camp’s demo day earlier this summer, he noticed that the founders were talking about how VentureCamp focused on teaching them entrepreneurial skills, critical thinking, and decision making and not just how to put your plan on a business model canvas and make a Power Point. This focus came directly from Hoffman.

If you were at Everywhere Else in Memphis and saw Scott Case speak, you know he does an amazing job talking about startup communities and the value the community brings to the table. During Hoffman’s keynote we will hear about something equally as important: the entrepreneur.

For Hoffman’s full bio click here.

Get your tickets or Startup Avenue booth below.

Event registration for Everywhere Else Cincinnati – “Start Where U Are” powered by Eventbrite

Jeff Hoffman image, UnerasonableGroup Youtube.

Chicago Startup Dabble Trying To Save Itself With Honesty

Dabble is a great Chicago-based startup that’s trying to serve as a marketplace for people to take specialty classes on anything from guitar playing to bridge playing to designing websites. The market place for this kind of startup is getting kind of crowded, but the two women behind the wheel, Erin Hopmann and Jess Lybeck are doing whatever they can to chug along.

In all fairness Dabble is doing a little better than just dabbling. Mashable reports that they’ve raised $500,000 in two angel rounds. They’ve received a bunch of good press locally and regionally. In fact they are often compared to other startups with similar ideas as one of the first to market. Add to that the fact that they are on pace to double sales in 2013 and you may be wondering why the need to “save themselves”.

Well at one point, after closing their angel rounds, Hopmann and Lybeck took on a few more employees and salaries for themselves. At this point they’ve cut back down from 7 employees to 3 and also stopped taking a salary. It would seem sales aren’t sustaining the company and they are looking for another big round of funding to get it over the hump.

So they’ve decided to try something a little different. Both Hopmann and Lybeck are penning a blog called “30 Days of Honesty.” “What do you do when you’re struggling with a company you love” is the headline at the top of their blog. In it they talk about the trials and problems they are going through right now as they run out of runway.

The hope is to help other entrepreneurs, and at the same time maybe find that special investment that will get them to the next level.

The women told Mashable that they’ve already received responses from customers who offered to pay more to keep the startup afloat. Other entrepreneurs have written in with encouragement, ideas, and words of wisdom, and they also just set up an appointment with an investor who had read the blog.

Today (September 10th) marks day 16 of their quest.

What comes next? Hoppmann says she may have to find work if the company doesn’t turn around. “If it’s a month from now, and there’s not some hope for taking pay out of Dabble by the end of the year, I will go and seek out something that is a source of income,” she said in the interview

They aren’t the first ones to talk about a startup failing. There was an anonymous Tumblr called “My Startup Has 30 days to Live,” and even our good friends at WorkForPie penned a thought provoking post as they were running out of runway earlier this summer.

What happens next for Dabble? You can keep up with their plight here. Hopefully they will find both the knowledge and the money they need to continue. If not, hopefully they’ll dust themselves off and start again.

What’s it like to fail? Lucas Rayala, the founder of Minnesota startup Altsie, who chronicled the failure of his startup in TechCrunch will speak on that topic at Everywhere Else Cincinnati.