Chicago Startup DoggyLoot Gets Just That

DoggyLoot, Chicago Startup, startup news, funding

Doggyloot, an internal project at Chicago’s Sandbox, a startup incubator of sorts, has just closed a $2.5 million dollar round. The company was founded in 2011 and already has 700,000 subscribers according to Crain’s Chicago Business.

Doggyloot subscribers get access to flash sales on products they need for their animals. It’s a modern day pets.com complete with all of the things that are making e-commerce startups successful in 2013. To add to that success the company is led by former Orbitz guy Jeff Eckerling.

Eckerling said they will use the money to “crank up the company’s technology, especially mobile apps and more personalized targeting of its offers, and to step up advertising to attract more subscribers. ”

Although pets.com was one of the biggest victims of the dot com bubble, the pet industry is stronger than it’s ever been. It’s a $50 billion dollar a year industry with that doubling over the last decade. Pets.com closed in November of 2000.  “There are over 50 million households in the U.S. with dogs. That’s more than have kids under 18,” Eckerling said.

He’s no stranger to the flash sales market either. He developed the flash travel site BonVoyou which was acquired by HauteLook.

Peter Krasilovski, an analyst with BIA/Kelsey told Crain’s “Newspaper sites get thousands of visitors from pets. We have a luxury culture for pet owners. There are dog biscuit stores popping up all over. But we all saw the big flameout of Pets.com. Is it time to revisit, maybe? It might be a good niche opportunity.”

Check out DoggyLoot here.

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Author Austin Kleon To Kick Off SXSW Interactive 2014

SXSWi 2014, Austin KleonNow that the inaugural SXSW V2V  has ended, startups, entrepreneurs, founders, developers, coders and otherwise “startup” hipsters, are turning their attention to SXSW Interactive. Although we’re still about six months away from the big event in March, the Panel Picker is up and running, and SXSW is starting to announce their official speakers.

On Monday SXSW announced that Austin businessman, entrepreneur and author, Austin Kleon, will be kicking off SXSW Interactive with the first official keynote on Friday March 7, 2014.

Kleon is an established author whose books include: Steal Like an Artist and Newspaper Blackout. He’s currently working on his newest book, Show Your Work.

His work has been featured on NPR’s Morning Edition, PBS Newshour, and in The New York Times and The Wall Street Journal. New York Magazine called his work “brilliant,” The Atlantic called him “positively one of the most interesting people on the Internet,” and The New Yorker said his poems “resurrect the newspaper when everybody else is declaring it dead.”

He will be speaking on creativity in the digital age. The keynote will be Friday March 7th at 2:00pm

Find out more here.

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Florida Reverse Accelerator Program Draws Hundreds Of Applications

StartupQuest, Florida startup, florida entrepreneurA new Broward County program has drawn hundreds of applications in southern Florida. Startup Quest is a new program being offered under a statewide grant through WorkForce One, reports the Sun Sentinel.

The program reads like a reverse accelerator of sorts. Not a “decelerator,” of course, but Startup Quest is targeting a different segment than a typical accelerator that vets young startups.

First off, Startup Quest is looking for college graduates or veterans who are out of work at any age.

Like most programs Startup Quest is fueled by a mentor network of established entrepreneurs and business people throughout the region. However, unlike other programs Startup Quest has also vetted patented ideas from Florida International University, Nova Southern University, University of Florida, and NASA.

The mentors are going to pick from the pool of chosen participants and assign them ideas to work on and hash out plans to bring these already-patented technology ideas to market.  The program has already received 400 applications and 130 will be chosen to work on these projects.

The participants will formally gather once a week to hear from a variety of speakers. The rest of the time will be spent focusing on the projects and their commercialization plans.

The program will end with a “Shark Tank” style demo day where the participants will pitch their ideas to venture capitalists and other entrepreneurial leaders in the region.

They hope to start notifying participants next week.

You’ve gotta check out this event for startups everywhere else.

2 Gener8tor Startups Raise Over $600,000 In Seed Funding

WeMontage, Quietyme, Gener8tor, Wisconsin, Startup Accelerator, Accelerator, FundingWisconsin’s duel city accelerator, Gener8tor, is producing startups in both Madison and Milwaukee Wisconsin. Two of their Winter 2013 graduates (Madison program), WeMontage has just closed out a $310,000 seed round. Quietyme has raised a $300,000 seed round.

The Greater Milwaukee Business Journal reports that the startup that allows users to turn their mobile pics into actual wallpaper, received their funding from Angels On The Water LLC, Gener8tor and an “undisclosed”  Wisconsin based angel investment fund as well as several private investors.

While turning your mobile pics into decals, stickers, wallpaper and other forms of art is nothing new, WeMontage has found a way to does it in a way that’s better for the wall and looks better overall. Unlike their competition, WeMontage uses  “premium high-tac adhesive, fabric-based wall covering, which adheres to textured walls, while not damaging the wall or paint,” the company told the Business Journal.

We are excited to have closed our seed capital round and are working hard to build a premium brand for WeMontage and acquire new customers,” said James Oliver, Jr., founder and CEO. “Since closing the seed round, we’ve been able to hire an outstanding software developer, Chris Schmitz, from Green Bay, as technical co-founder.”

Quietyme has developed a technology that allows hospitals, hotels, nursing homes and property owners to monitor the quality of indoor environments like noise, temperature, humidity and water leaks, the Business Journal reported on Wednesday.

In addition to Gener*tor and Angels On The Water LLC, American Family Insurance, KSFI Partners LLC and a private investor participated in this round. The startup previously received $20,000 in seed capital from Gener8tor at the on-set of the program.

“Hospitals and hotels now have an unprecedented tool that can put a spotlight on when and where customer sleep experiences are in jeopardy,” said CEO John Bialk in a press release. “Just imagine how special you feel when a front desk manager or nurse recognizes that your sleep may have been disrupted. By being proactive about disruptions, businesses can demonstrate their sincere commitment to a high-quality customer experience.”

Find out more about Gener8tor here.

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Startup Factory Drops “Triangle”, Announces Fall 2013 Cohort

Startup Factory, North Carolina startups, startup news, acceleratorThe Triangle Startup Factory, the premiere acceleration program in North Carolina has made a slight change in their name and announced their fall class. The accelerator program will now be know as just “The Startup Factory” dropping the word “triangle” from it’s name.

The news about the name is no surprise. Earlier this month we reported that MapQuest co-founder and Startup Factory co-founder, Chris Heivly was speaking at an event in St. Louis, which reportedly could be paving the way for a new Startup Factory branch there. Heivly was very impressed with all of the efforts the St. Louis community has already focused on startups.

In addition to possibly expanding out west to St. Louis, the Triangle Business Journal reports that Heivly is excited about the announced expansion of the American Underground, HQ and the new ThinkHouse project.

Here are the five startups selected for the fall cohort at the Startup Factory.

+ Szl: A technology company that aims to help people get news from the internet. “Only a small percentage of people who get their news from the internet spend the time to set up RSS feeds and filters,” TSF says of Szl via release. “Szl addresses these problems directly and solves them.”

  • HomeWellness: A technology company creating “building science-based software,” programs that help employees improve the comfort, energy efficiency and air quality of their homes.
  • Coursefork: A technology company creating a platform for educators to share and collaborate on course materials. “In essence, Coursefork seeks to ignite viral teaching.”
  •  Brevado: A technology company hoping to create interactive timelines for project-based businesses. “Clients stay in the loop with automatic progress notifications as items are completed.”
  • Flagtap: A technology company trying to solve marketing engagement issues “by bridging the gap between getting traffic and getting traffic to engage in revenue-generating ways.”
  • 4Soils: A technology company trying to engage children with their faith in a new way. The mission? “To bring the Bible to life for kids.”

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archer>malmo Submits Two Great Startup Branding Panels For SXSW

archer malmo, am ventures, sxsw, panel picker, startupsThis week we will preview some of the best startup panels that are up for consideration at SXSW Interactive in March.  SXSW gets thousands of possible panel, speakers, book reading and other content submissions for their “panel picker”. If you’re a startup founder, entrepreneur or influencer with a startup related panel please email us with a link to the panel information at startups@nibletz.com.

archer>malmo is a Memphis based PR and marketing firm that’s been around for 60 years. They have huge clients like Pfizer, Verizon and RJ Reynolds. But they also work with startups. Not only do they do work for startups but they have a a venture firm called a>m ventures that invests creative capital into new startups, for equity (*disclosure Nibletz Media Inc is an a>m ventures portfolio company).

With their vast experience in startups and working with all kinds of new and young companies, they’ve seen and learned some great (and not so great) things that are definitely worth sharing with other startup founders.

Last year, they held a well attended panel called “When Bad Names Happen To Good Startups”.  The panel discussed the importance of naming and how sometimes that name that goes with that cleve URL may not be the best decision ever. They also discussed the ins and out and why’s of choosing a name. For most companies you’re stuck on it, or some version of it for life.

This year they are hoping to expand on that theme with an equally as important topic, branding. “When Bad Brands Happen To Good Startups” ”  Gary Backaus, Chief Creative Officer/Director and Justin Dobbs Creative Director at archer>malmo, were the speakers for last years panel and will also be speaking on this panel as well (if selected).

We get it. Whether it’s an investor intro, an online listing, or your elevator pitch, there are times when capturing your startup concept in a few words is critical.
But talking to customers? It ain’t one of those times.
Yet for some reason many startups continue to court customers with the same robotic sound bites used in their pitch.
And while a digestible “My Unique Feature” formula is fine for accelerator applications, in the real world, you aren’t pitching a business model or market niche. You’re pitching a product. And even the simplest, fastest, shiniest, funnest product needs more than a value prop and a clever name.
It needs a personality.
We’ll examine brand personality types, marvel at great ones, laugh at bad ones, and share some tips for uncovering your brand voice—one that’s genuine, true, and that offers your customers something no positioning statement can.  (they said on their panel picker page)
am>ventures Director and Everywhere Else Cincinnati speaker, Patrick Woods, has also submitted a panel for this years SXSWi panelpicker. Woods just got back from being one of the “mentors” for the new SXSW V2V festival in Las Vegas earlier this month.
Woods has a long background in PR and marketing with the past few years spent exclusively with startups. As the director of am>ventures he’s tasked with finding the startups that the firm wants to invest it’s creative capital in.
Woods also mentors through local accelerators, does office hours via Skype and Google hangouts and both writes and speaks on startup branding and marketing.
“Branding From Day Zero: Startup Brand Strategy” is the discussion Woods has submitted.
Branding. All startups have to do it, but no one really knows how. Punch “startup branding” into google and you’ll find checklists and 10-step plans that’ll tell you to “have a logo” and “be consistent.”
Thanks.
Startups don’t need tips and tricks. They need an understanding of brand strategy—what it means and why it matters. And ultimately, how to do it from the beginning.
Name, logo, t-shirts, stickers—these are all parts of brand, but what undergirds the whole system? Brand strategy. Startups usually skip this crucial phase. And it shows. I’m a hybrid ad man/startup guy who’s built brands for everything from an event discovery app to an AI system. I’ve seen tons of branding tools, but none specifically those starting from scratch.
This talk will explore a way forward specifically for startups. We’ll move past the tips & tricks and focus on a few actually helpful questions for building a great brand that resonates with your audience and build long-term loyalty.” Woods wrote on his panelpicker page.

You can vote here for “When bad brands happen to good startups”

and here for “Branding from day zero: Startup Brand Strategy”

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Derek Flanzraich, 7 Lessons From My First Year as an Entrepreneur

Derek Flankzraich, Greatist, guest post, everywhere else Cincinnati, YECDerek Flanzraich is a keynote speaker at Everywhere Else Cincinnati, September 29-October 1st (tickets available here). Derek originally published this piece in July of 2012 in conjunction with the Young Entrepreneur Council.

A year ago, I started Greatist with no real clue what I was doing. We’re now the fastest-growing health and fitness site on the Web, so a lot has gone right. But a lot has als0 gone wrong. A year ago, I’d never really hired someone. Never really fired someone. Never incorporated a company in Delaware. Never spent days accounting in Excel, signed an office lease, paid the IRS, saved a crashing website, negotiated with a potential acquirer, or been responsible for six people’s paychecks. But those things could always have been figured out.

The biggest challenges, instead, have been personal, and on that level, it’s never been harder. I’ve never been so busy, so behind, so unsatisfied with how much I can accomplish with the mere 24 hours in each day. At the same time, I’ve never been happier. I’ve never been more optimistic, more excited for what can be achieved, more able to genuinely say I love every second of what I’m doing. Now I can.

Here are 7 lessons I’ve learned this past year of being an entrepreneur:

  1. Starting something for the first time is really, really hard. Imagine the hardest thing you’ve ever worked on. Now imagine that thing is the most important thing you’ve ever done. Then imagine you have no idea what you’re doing. Most startups are different, and most founder motivations and ambitions unique – but no matter what it is, if you think it’s going to be easy, you’re wrong. This experience has been way harder than anything I’ve ever been challenged with. I love that challenge. A startup is a to-do list with infinite scroll. It’s true that it’s never been easier to start a startup, but that doesn’t mean that starting a startup is remotely easy.
  2. Sometimes you just have to make mistakes for yourself. There’s an unbelievable amount of brilliant, experienced entrepreneurs/investors/male models regularly sharing advice on the web (Vin Vacanti, Fred Wilson, Mark Cuban, Chris Dixon, Ben Horowitz, Albert Wenger, Rob Go, Bijan Sabet, Brad Feld, Jason Goldberg, just to name a few of my favorites). Those + Quora can answer nearly any question. But you’re going to mess up anyway. I recognized that it was likely I’d make a lot of mistakes, but I’ve realized I had to make an awful lot of them for myself. Example: knowing that you should fire someone who isn’t working out because they’re hurting the team’s culture quickly is much easier than actually fully realizing that’s what’s happening and then acting on it. I knew, but I didn’t really know until I felt the taste of mistake in my mouth. And it tastes salty.
  3. Asking others for help and meaning it is important. I’m the worst at asking for help, but I’m getting better. Entrepreneurs are, by nature, usually confident, positive and optimistic, but if success in startups is the outcome of a million random factors, inspiring help from others is among the most important. Asking for help is humbling, but the minute you genuinely eat your pride, tell it like it is, and share what you need is the minute things can change. If what you’ve built is truly meaningful and impressive, let your guard down. Share your hardest challenges, biggest worries and scariest fears, and people will help if they can.
  4. Surround yourself with friends who will remind you you’re awesome when you need it, and call you out when it’s time. In my experience, entrepreneurship is sort of like a see-saw: sometimes it seems like everything is falling apart and, at others, that huge thing you’ve been working to achieve may actually be possible. Friends can be an escape, sure (and you need escapes, big time), but they can also be the external support you need most. It’s hard to keep up with friends regularly when you’re starting a company, but each time I do, I’ve been working increasingly hard to allow them to push me in the way I personally need pushing (and, by the way, try to do the same right back!).
  5. Sharing what you’ve learned with others can pay back in a million different ways. With Greatist, I’ve found putting the time into teaching others has paid me back many times over. I started a class with Skillshare mostly because two awesome buddies, Peter Boyce and Scott Britton, asked me to. I taught How to Grow from 0 to 250,000 Organic Uniques in Under 6 Months with no expectations… and have since taught a few more. Each time I’ve been shocked by how much I’ve learned, from the people who take the class and those who follow up afterwards. I’ve made great friends, started major brand partnerships, been introduced to some remarkable people, and brainstormed amazing ideas with others because of them.
  6. Schedule in specific time to think and be creative. Emails, meetings, sleep, repeat… and suddenly a week has gone by without time to think. This might sound a little silly, but put time blocks into your calendar to just think. I’ve literally just started scheduling “thinking time” on my calendar at regular intervals, and beg everyone on my team to do the same. Also, a lot of my most creative ideas come from doing, seeing, experiencing something else entirely. Some of my best ideas have come from seeing a random movie, attending a jazz concert, or taking the time to explore somewhere new.
  7. The only way to build something different is to do things differently. A good friend, Runkeeper’s Jason Jacobs, said in an interview once: “We have no exit strategy, we have longtime horizons. We are digging our heels in and we are going to slog through this over a long period of time.” I’ve noticed it’s increasingly easy for people in the startup community to become swept up in, “That’s just what everyone else is doing.” It obviously makes some sense to do what others have done to fit how everyone else defines success, but I’m learning that success, to me, is different. I’m getting better and better at realizing that to achieve something different, we need to do different things.

Derek Flanzraich is the founder and CEO of Greatist, a health and fitness media startup on a mission to make better choices easier for everyone. Also a fan of theme parks and theme bars.

The Young Entrepreneur Council (YEC) is an invite-only nonprofit organization comprised of the world’s most promising young entrepreneurs. The YEC recently published #FixYoungAmerica: How to Rebuild Our Economy and Put Young Americans Back to Work (for Good), a book of 30+ proven solutions to help end youth unemployment.

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The Evolution & Future Of Chicago’s Startup Ecosystem

FoundersCircle, Chicago, Chicago Startups, Guest PostIn the past decade, Chicago’s technology community experienced incredible growth. Much  of the community’s success was driven by the strong history of big business in Chicago and the emergence of key stakeholders in the startup ecosystem.

While the Chicago startup scene is still relatively young in comparison to some other U.S. cities, the community’s key stakeholders are in place to drive long-term success. Chicago start-ups have already built amazing technology and will continue to build on the city’s big business roots, ensuring long-term sustainability and growth for this ecosystem.

A strong historical foundation

Chicago’s place as a home to startups can be traced as far back as 1928, when Motorola was founded in the city. Motorola went public in 1943 and its legacy lasted through the early 2000s before being acquired by Google in 2012.

A vibrant business community has set the foundation for sustained growth. Companies like Sears, Montgomery Ward, and McDonalds—and the recent relocation of Boeing—highlight Chicago’s strong history as a home for large businesses.

Recent tech successes

The technology foundation set by Motorola and others provided an ecosystem ripe for innovation in the 21st century. Orbitz, the leading online travel company, was founded in Chicago in June 2001 and subsequently went public in 2003 before being acquired for $1.25 billion.

Careerbuilder and Groupon, two startups founded a decade apart from one another, also exemplify recent Chicago-based technology successes. Careerbuilder receives more than 24 million unique visitors per month and ranks as one of the largest online career sites in the United States. Groupon, on the other hand, has already closed over 20 acquisitions, has 2,000 Chicago-based employees, and went public in 2012.  The paths of Careerbuilder and Groupon are emblematic of the rapid growth and success that Chicago-based companies can achieve, and the marketplace is listening.

Critical components of the ecosystem are in place to drive future growth.

The successes of Orbitz, Groupon, and Career Builder, to name a few, have sparked the explosive growth of startups in Chicago, but no start-up community can thrive without a certain set of valuable components.

Traditional elements of Chicago’s business-community—strong corporate and civic engagements and world-class universities—have anchored the technology infrastructure and community.  For example, after purchasing Motorola Mobility, Google decided to relocate 3,000 employees from the suburbs to downtown Chicago. Also, newer education-focused groups like the Starter League and Chicago Tech Academy are creating a strong base of technology talent.

However, the clearest sign of a sustainable ecosystem and a platform for future growth has been the number of new Chicago-based investors, industry groups, and incubators.

Chicago couples a strong angel community with co-working spaces and incubators for early stage companies. For example, 1871 launched in Chicago in 2012 and TechStars created a formal, local presence in Chicago earlier this year. VC funds like New World Ventures, Lightbank, OCA Ventures, Sandbox Industries, and i2A provide a local, institutional base for capital and operational support.

The result of this rapidly expanding ecosystem has been an incredible amount of new Chicago-based startups and early success stories.

In 2002, only 11 digital startups were launched in Chicago. By 2012, that number was 197 and the startup community received over $391 million in funding.   Companies like GoHealth, Braintree, Belly, SilkRoad, and many others are showing early promise of not only achieving success, but also creating meaningful, sustainable businesses.

Successful exits and the reinvestment of gains back into Chicago will fuel future growth.

As the Chicago technology community develops, the reinvestment of capital and talent into the local ecosystem will be critical to sustain long-term growth.

In 2012, Chicago saw more exits than any previous year. As this number continues to rise—and the value of these events grows—Chicago entrepreneurs, angels, and venture capitalists must invest those gains back into the community to successfully continue the evolution of Chicago’s startup community.

Chicago’s unique culture will shape the future.

With cheaper cost-of-living and office space than cities like New York and San Francisco, Chicago maintains a reputation as a livable city for technology companies and their employees. Chicago’s Midwest heritage, its big business history and its separation from the influences of Silicon Valley and New York set the tone for a unique founding and operating environment. This change in perspective can often be valuable for start-ups and others in the ecosystem.

The duality of a city with strong, historic business roots and a young, thriving technology ecosystem has made Chicago a fantastic place to live and start a business.

Chicago’s recent growth as a legitimate technology hub has created a palpable energy in the city. The technology scene is young and on the upswing: start-ups, incubators, educators, and investors all are able to play a meaningful role in its development.

As this ecosystem continues to gain traction, the sky is the limit for companies and entrepreneurs who call the Windy City home.

Gregory Grossman is a Partner at DLA Piper who works with venture capital firms and emerging growth companies, from the earliest stages of formation and seed capital through the entire company life cycle, including exit events.  He holds a law degree from The George Washington University and an accounting degree from the University of Illinois at Urbana-Champaign.

Marina Dedes joined Lightbank in April 2011. Prior to Lightbank, Marina was a Senior Associate in the Valuation Group at Duff & Phelps. Marina holds a BS in Materials Science and Engineering with a concentration in Biomaterials from the University of Illinois at Urbana-Champaign

Greg and Marina are both among the founders of the Chicago Founder Circle, a new Peer-to-Peer networking group for founders and CEOs of emerging growth companies in Chicago. More information can be found at: http://www.chicagofounderscircle.com

Check out some of our great Chicago startup coverage.

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This WSJ Startup Of The Year Plays Jeopardy For Team Building: Who Is Speek?

Speek, DC Startup, startups, startup tips, WSJ startup of the year

DC’s Speek is the number 4 ranked WSJ Startup Of The Year. This program, put on by the digital arm of the Wall Street Journal, takes 24 startups through a program of mentorship from business, tech, and entertainment titans. While “accelerators” are nothing new, a video series designed around them is a new and exciting concept and as you can imagine WSJ has an amazing mentor pool to tap from.

We’ve followed the path of Speek since we first heard about it over 18 months ago at a pitch event in Washington, DC. E-vite co-founder John Bracken and Danny Boice are making conference calls suck less.

Now what we like even more than simple conference calls (just go to http://speek.com/kyle) is the fact that Bracken and Boice are true believers in remembering their roots and supporting where they came from. While they are themselves part of a “program” of sorts, both Bracken and Boice are passionate about mentoring other entrepreneurs, speaking at events and sharing their experiences.

They’re leaders in the Washington DC startup community, a fact that showed when nearly 500 people showed up for a Speek celebration party earlier this summer.

Speek’s videos talk about the things they know best, simplicity, functionality, team, and branding.

One of the videos they do “speeks” to many startups across the globe. Like other startups Speek has a distributed work force. According to Boice 60% of their work force is local to DC, but the other 40% is distributed across the globe.

As a team-building exercise the guys at Speek played Jeopardy. Each employee completed a questionnaire and put the game together. Check out the WSJ video below.

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6 Reasons to Keep Accelerators Everywhere Else

20130822_142154

There’s an accelerator bubble.

Accelerators, except for Ycombinator/TechStars, are irrelevant.

We should get rid of the Demo Day.

If you’ve been in the startup space for more than a minute, you’ve probably heard someone say something like this. Founders and startup advocates have naturally critical minds; it’s why we can solve complex problems in innovative ways. But, that also means we spend a lot of time second guessing and rethinking every single thing we do.

I’ve had my own doubts about the accelerator model, and they mimic most of the concerns people bring up. There are so many (2000 around the world). What company can really be built in 3 months? It seems that the only real success comes from the big names, so why bother with smaller, local accelerators?

But, this week I was convinced that accelerators everywhere else can be just as beneficial to companies as the more publicized YCombinator and TechStars. Yesterday I attended the Investor Day for Jumpstart Foundry, in Nashville, TN and was duly impressed with what I saw. Of course, they had the bells and whistles–cool venue, great food, open bar. But more impressive were the companies that presented.

Every company had made significant strides in the 3 month program. Most could give detailed explanations of revenue. Quite a few already had traction and are well on the way to making real money already.

Vic Gatto, founder of Jumpstart Foundry and partner at Solidus Company, is well aware of the negative perception accelerators carry.

“We’re definitely a young industry going through definitional challenges,” he told me. He talked about meetings with other accelerators around the world. The leaders of these accelerators are talking about what defines success. Is it funding? Exits? Revenue? Level of mentor networks?

By most metrics, Jumpstart Foundry is finding success. 65% of its graduates are still in business, either bootstrapping or with funding. They have over 100 mentors, and that network grows each year. Gatto insists, though, that another real metric of success will be future exits, and most of the industry is still too young to really see that achieved yet.

One mentor told me that this year’s cohort may be the best she’s seen. “And they didn’t start off particularly special,” she said. “I think that really speaks to how the program itself is growing.”

And, as far as getting rid of Investor Day, Gatto won’t be doing that any time soon.

“That pressure is important,” he said. It’s the deciding factor sometimes when a new founder is tired and wants to call it a night. With Investor Day looming, it’s easier to focus and do the hard work of a young company.

Make sure to check out Jumpstart Foundry’s latest cohort because there are definitely some companies to watch. We’ll cover some of them here on Nibletz in the coming weeks.

In the meantime, here are a few reasons we shouldn’t give up on the accelerators everywhere else just yet:

  1. In the life of a young company, it can be easy to let an idea go when it gets hard. Surrounding yourself with mentors and good advice in an accelerator can help you push through those first stage challenges.
  2. The pressure of Investor Day can give you more traction than you thought possible in 3 months.
  3. Accelerators everywhere else understand companies everywhere else. We’ve talked before about how companies outside of Silicon Valley are innovating in industries besides the Internet and apps. Local accelerators inherently “get” that more easily than accelerators that are used to churning out consumer-facing apps.
  4. A good accelerator can be a rallying point for a whole ecosystem. Yesterday in Nashville, it was a packed house. Not just investors, but anyone interested in the startup scene showed up to support the cohort.
  5. Even if your first company doesn’t succeed, the 3 month MBA you get by doing the hands on work of an accelerator will be invaluable to the next companies you build.
  6. Accelerators may not be perfect, but what is?Anything that spurs innovation is good for the local community as well as for global issues that need creative problem solvers.

Chicago Startup WeDeliver Puts A Winning Spin On Deliveries

WeDeliver, Chicago startup,startup interview, Chicago TechWeek

At first glance WeDeliver, a Chicago startup, looks like a hybrid between your typical delivery service and a courier service. That’s probably because it is, with a twist.

WeDeliver connects local businesses to their customers by providing same day delivery of products and goods. Sure delivery and courier services aren’t new, but crowdsourcing the service is.

WeDeliver takes on and vets delivery drivers who are looking for a little extra money delivering anything from clothing, flowers, and knick knacks, to small appliances, bicycles and other goods. The drivers use their own vehicles and are properly vetted by the company. Because they have a fleet of drivers with their own vehicles, WeDeliver is able to offer a wide range of delivery services from people who need something that will fit in a truck or a passenger seat, to something that needs a small van or small truck, and everything in between.

What sets them apart and positions WeDeliver for success is the hands on approach their founders and staff are taking. Where there are some apps that are trying to automate the process, they know that some human interaction needs to be involved for vetting, dispatching, and matching up deliveries, customers, and drivers.

Earlier this summer when we were at Chicago TechWeek, the crowd was buzzing for WeDeliver. They had about ten people with them and you could spot a WeDeliver shirt anywhere. They all talked up the service very well, to the point where it won the startup contest!

We got a chance to interview them, check out the interview below.

What is your startup called?

WeDeliver

What does your company do?

WeDeliver connects local businesses (small and medium sized) to their customers by providing same-day delivery of products and goods.

Who are the founders, and what are their backgrounds?

Kirk Lashley, Co-Founder, CTO

Kirk, a native of Trinidad and Tobago and tech entrepreneur determined to solve real world problems, was a grad and Dev Engineer at University-West Indies. Kirk has more than 15 years of professional software development experience and was the owner/operator of a Web design company in Trinidad. Currently, he’s an organizer for Startup Weekend Trinidad and Tobago and Startup Weekend Chicago. Kirk’s passionate about sharing his technology and entrepreneurship in these startup ecosystems.

Jimmy Odom, Founder, CEO
Jimmy is founder/CEO of WeDeliver and is responsible for the vision and business development of the company. He gained experience working for five years at an Apple store, as owner/operator of a gourmet pizza delivery service and at The Starter League. Jimmy is a serial entrepreneur at heart, and his mission is to build a brand whose primary focus is to create more transformational experiences rather than transactional ones.

Daniela Bolzmann, Co-Founder, CMO

Daniela, an entrepreneur with expertise in community development, was most recently Director of Product Marketing at SymbalooEDU. She grew it from a startup to a successful 200k community of engaged educators worldwide. Daniela is a graduate of the Miyahlo School of Business at CSUF and founder of SocialSkoop, a digital marketing agency. As co-founder/CMO at WeDeliver, she uses her powers to help businesses of Chicago connect with the local community.

Where are you based?

Chicago

What’s the startup scene like where you are based?

Chicago is truly an amazing city with the unique ability to have both the intimacy of a small town and the “hustle and bustle” and power players of a large metro area. The Chicago tech and startup scene is underrated and can sometimes be overlooked in favor of the traditional startup cities. This has been an advantage to us though it is rapidly changing due to organizations like 1871, TechStars Chicago, The Starter League and people like Mayor Rahm Emanuel, JB Pritzker and Troy Henikoff, to name a few.

What problem do you solve?

We believe that our same-day on demand delivery technology will help local retailers gain a competitive edge against big box E-retailers, like Amazon, while also creating jobs and spurring local economic growth.

Why now?

Why not? The time is now for same-day delivery. The technology we are using for same-day delivery was not available previously. We are simply applying newer technology to an outdated courier industry that still runs off nextels and bad service.

What are some milestones your startup has already reached?

  • We won 1st place at Startup Weekend, November 2012
  • IBM Global Entrepreneur Mentor Day Winner, June 2013
  • We won Techweek Chicago LAUNCH, June 2013

What are your next milestones?

We are on track to have more than 250 merchants and more than 100 drivers by year’s end.

Where can people find out more? Any social media links you want to share?

Website: https://www.wedeliver.us/

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Startups In The Fastlane: Velocity Startup Collabra Music

FastlaneVelocity

A number of statups in accelerators have attacked the music collaboration space. It seems artists and musicians everywhere are looking for the best way to hop online and collaborate with each other. Back in May we saw the demo day presentation from Memphis Seed Hachery startup Musistic, promising to be the Github for musicians.

Collabra Music, Louisville startup, Velocity Indiana, startup, fastlane

Collabra Music, a startup currently accelerating at Velocity in Indiana (outside of Louisville), is taking that idea a step further by adding friends, family, and fans into the mix. Collabra Music is about collaboration as much as it is about sharing, performing and discovery.

“We have a big vision for Collabra that connects amateur and independent musicians across the world, creating a collaborative space that inspires new innovation in musical creation and integrates listeners like never before. In developing Collabra and working with many musicians, we came across a common problem, especially for amateur musicians and music students. Many musicians felt that Collabra could help them overcome their struggles in learning, enhancing their experience, and engaging them with their musical practice in more rewarding ways,” co-founder Ryan Michaels told us in the Fastlane interview.

Check out the rest of their Startups In The Fastlane interview below.

collabrascreen2Where is your startup originally from?

Louisville, Kentucky

Tell us about your current team?

Our CEO Ron Karroll is a self-starting non-conformist with a penchant for coding that has been the driving force behind the development of our core product. Ron left his full time job with Humana to lead the charge for Collabra Music and help launch what he hopes will be the next evolution in musical creative collaboration.

Ron determination and drive is buffered by his cautious and calculating musical co-founder Ariel Caplan. Ari is an actuary and master of data and analytics. He and Ron developed the vision together, outlining a new methodology that speaks to today’s participatory listener audience. While Ron mans the software development Ari manages the financial and organizational development for Collabra Music.

As musicians they were both passionate about creating a product that bridged the physical gap between musicians as well as fans connecting to create and collaborate on musical projects online.

Ryan Michaels loves music, he simply loves to listen and he’s always learning guitar. Ryan is well-versed in lean methodologies, grassroots organizing and fundraising. He has diverse experience in customer service, education, and community outreach. He joined Collabra to help develop and execute our marketing strategy and solidify our core team and organizational structure. His energy is pretty much limitless.

What does your startup do?

Collabra Music is an online platform that allows members to connect to create music, collaborate on musical projects, and share their projects online with friends, family, and fans.

We have a big vision for Collabra that connects amateur and independent musicians across the world, creating a collaborative space that inspires new innovation in musical creation and integrates listeners like never before. In developing Collabra and working with many musicians, we came across a common problem, especially for amateur musicians and music students. Many musicians felt that Collabra could help them overcome their struggles in learning, enhancing their experience, and engaging them with their musical practice in more rewarding ways.

Collabra is a solid platform for creative collaboration and now we are releasing the alpha phase of our educational layer for instructors and students to connect and engage through the often painful process of learning an instrument. Collabra connects musicians together to help and hold one another up through the creative and experiential challenges they may face, keeping them committed to their passion for music.

What are your goals for the accelerator program?

Our goals for the accelerator have been somewhat informal as we truly didn’t know what to expect of this experience. We have spent significant time outlining our customer segments, engaging in discovery, validating hypotheses, and formatting our business model. In addition Velocity has been helpful in outlining a number of mistakes and failures we most likely would have made without a cautionary example in education. The knowledge, training, and experience this has provided our team is invaluable and we are incredibly grateful for the relationships we have built this summer.

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

The one thing lesson we learned the most frequently is to appreciate the values in our failures and to embrace our failures along the way for what we could learn from them and apply to future successes. The accelerator encourages you to act on the information you have and hope to succeed but prepare to fail, from every failure a lesson can be carried forward and applied to increase the chances of your next attempt at success.

We also learned to be honest and aware of our team’s strengths as a team as well as the strengths and weaknesses of our individual members. Embracing this awareness has allowed us to act to balance one another strengths and weaknesses.

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

The most difficult advice has not been a specific fact or direction, but rather the fact that nearly every piece of advice we’ve received has in some way contradicted the advice of another mentor. What started as a carefree balancing act of pursuing a few courses of action has snowballed into a high speed cross-fire environment in which you are forced to take rapidly growing banks of conflicting advice and make determinations of action with a predetermined acceptance for failure and the satisfaction in knowing that at least in failing fast you do so at the least cost of time and resources.

What is your goal for the day after demo day?

After demo day we are finalizing our runway for the final months of 2013. Our draft plan has been consistently evolving over the course of this summer as we have worked through a number of growing periods of development and discovery. We have a reasonable runway but long term survival and success in securing revenue in our market will require an infusion of cash to adequately cover our overhead costs and operating expenses for 2014. We have been developing relationships with potential Angel investors and hope to have outlined soft pledges and follow up for equity terms and financing in the months following our demo day presentation.

Why did you choose this accelerator?

We are proud to be a part of Velocity Indiana’s inaugural class, we applied to a number of tech accelerator programs across the country but had our hearts set on Velocity because it kept us close to home, to our roots. The entrepreneurial community has been a blessing in resources and we are fortunate to have been able to establish so many close-knit relationships with the local business leadership here.

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

Our two founders are from Louisville; our third core partner packed his bags to join us for Velocity all the way from Southern California and will be staying on with us here in Kentucky as we move forward from Velocity.

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

We didn’t realize how many opportunities were present to learn from and experience. To truly make use of all the resources of an accelerator program you need a committed team, willing and able to engage and participate reliably when and where they are needed. It can be difficult and there will likely be missed opportunities, but having the resources in time to follow-up and lead the people helping you build your project is essential in appreciating the value in an accelerator program.

The physical and financial resources are a blessing, but the pool of talent, knowledge and experience that is available to offer guidance and leadership in overcoming challenges and obstacles is incredible.

Where can people find out more?

Check out our product at www.collabramusic.com and follow us at any or all of our social networks. You can also sign up for our newsletter and following our blog.

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Former Lightbank Associate James Dickerson & Untether.tv Founder Rob Woodbridge Added To Everywhere Else Cincinnati Line Up

You see we weren’t kidding when we told you that Everywhere Else Cincinnati was going to be the place for startups everywhere else. We’ve made a top tier conference affordable for bootstrapping startups all over. Our nearly 30 speakers are the caliber of speakers you would find at tech events in San Francisco, New York, and London.

Today we have the privilege of announcing that Lightbank associate James Dickerson and mobile guru and untether.tv founder Rob Woodbridge have joined the lineup of amazing speakers for the conference.

jamesdickersonJames Dickerson, Former Lightbank Associate, and founder of Leap

James Dickerson is the founder of Brandery alumni startup Leap. Starting a company is nothing to him, though.

Immediately after college he spent 30 days in the desert with just a blanket, a knife, and a poncho. He then cut his teeth in the sales world as a beer salesman, and anyone who’s ever done that knows how hard it can be. He created a startup called Wellthy that was accepted into The Brandery and then came out as Leap.

Dickerson wasn’t content with being a startup founder. He wanted to make a difference and an impact so he used a pitch deck to get his current position as an associate at LightBank.  Lightbank is no stranger to startups everywhere else. Built on the success of Groupon, their portfolio reads like a who’s who of startups from everywhere else: Belly, BenchPrep, Zaarly, SpotHero and Contently don’t even scratch the surface when it comes to their top tier portfolio companies.

robwoodbridge2Rob Woodbridge, founder untether.tv

To tell you the truth we were scared to book Rob Woodbridge. By his own admission he “never stops talking.” It’s good talk, though, and he’s preaching the entrepreneurial gospel and the gospel of mobile rockstars.

His technology story starts in 1993 the year before Netscape released the first mass market web browser. He started one of the first internet service providers in Ottawa, the kind that you dial into their servers (Never mind you may not know what I’m talking about, but this was a big thing before you ordered internet from your cable company).  That company started building custom software applications by 1998 (if you’re keeping score that’s when Mark Zuckerberg was 14).

In 2000 Woodbridge founded a company called getHOW. Soon after the internet bubble burst, and Woodbridge then linked up with SystemScope. After that, he joined OCRI’s Entrepreneurship Center to run the Ottawa Capital Network.

Now he’s the founder of untether.tv which is dubbed “Casual Conversations With Mobile Rockstars.” He’s also the three time emcee of uxcamp Ottawa.

That makes 23 awesome speakers we’ve announced so far, with a couple more big announcements next week. Now would be the time to get your early bird discount ticket or your startup’s early bird Startup Village booth. Here’s the list of speakers we’ve announced so far.

  • Blair Garrou, Managing Director Mercury Fund
  • Joe Medved, Partner SoftBank Capital
  • Naithan Jones, Founder AgLocal
  • Derek Flanzraich, Founder Greatist
  • Andrew Warner, Founder Mixergy
  • Andy Sparks, Co-Founder MatterMark
  • Wil Schroter, Founder Fundable
  • Jake Stutzman, Founder Elevate.co
  • Jonathon Perrelli, Managing Director, Fortify Ventures
  • Justin Gutwein, Filmmaker and Entrepreneur Startupland.tv
  • Mark Hasebroock, Founder Dundee Venture Capital
  • Jason Healy, Founder Blu
  • John Bracken, Founder Evite and Speek
  • Dave Knox, CMO Rockfish, co-founder Brandery
  • Patrick Woods, Managing Director a>m ventures
  • Sarah Ware, Founder Markerly
  • John T. Meyer, Founder Lemon.ly
  • Raghu Betina, Managing Partner The Starter League
  • Ryan O’Connell, VP Influence & Co
  • Blake Miller, Managing Director Think Big Accelerator
  • Michael Bergman, Founder Repp

 

Go IdeaCat Is Giving The Idea Marketplace Another Go

GoIdeaCat, New York startp, startup interview

Some out there believe an idea is only as good as its execution. We’ve profiled a number of startups that have tried to put some kind of spin on the idea marketplace, where you can go and sell an idea to someone else. We’ve even talked about how startup leaders like David Cohen of Techstars believes that the idea marketplace will never work, and for good reason.

Now, two bright entrepreneurs from a little town outside of New York City have decided to try that idea marketplace again. Jordyn Rikard and Kyle Jergensen have a startup called Go IdeaCat.

So why does this startup have a better chance to succeed?

First off it’s in the pricing. “Investors then place a starting bid of $5 and bids can rise up to $100! Once the bidding is over, the full idea is released to the investor and the idea creator gets their cash,” Rickard explains.

Previous iterations of this same idea have had the ideas on the marketplace for tens of thousands of dollars. In order to get that kind of money you need to be a proven, multimillionaire founder.

Rickard and Jergensen are targeting people who think they may have stumbled onto the next big idea but don’t have the time or know how to execute.

Will it work? Time will tell. In the meantime check out our interview with Rickard below.

What is your startup called?

Go IdeaCat

What does your company do?

Go IdeaCat is an idea sharing network that connects investors with individuals who have great ideas but not the time, resources, knowledge or money to make them a reality. A great idea should never go to waste. Users start by signing up and listing ideas for free. Ideas are kept a secret except for the category the idea falls under and then three specifics chosen by the user as a teaser to the main show. Investors then place a starting bid of $5 and bids can rise up to $100! Once the bidding is over, the full idea is released to the investor and the idea creator gets their cash.

Who are the founders, and what are their backgrounds?

Kyle Jergensen and Jordyn Rickard are the founders of Go IdeaCat. Jordyn Rickard is a freelance writer and marketing guru that currently works full time for Kea Advertising, a full service marketing agency. She’s got the creative brains and the determination to take Go IdeaCat to the next level.

Kyle Jergensen is another creative mind with a degree in Economics and a background in business. He keeps the business on the ground and takes care of everything behind the scenes. Not to mention he has ideas flowing a mile a minute!

Where are you based?

We’re based out of Suffern, New York. A small suburb located just 30 minutes from NYC.

What problem do you solve?

We solve the problem of the dreaded dead end. It’s a bummer when someone has a great idea but can’t make it happen. What happens to the idea? It just sits there or gets forgotten about. By connecting motivated business minds direct with creative brains, we solve the problem of stifled creativity.

Why now?

Good ideas don’t wait. The world as a whole is evolving in every way and creative minds are everywhere. There are millions of great ideas that deserve to become a reality. The next great idea could benefit society as a whole. We just need to make it happen!

What are some of the milestones your startup has already reached?

We’ve just launched a teaser site to get the word out about Go IdeaCat while we work feverishly behind the scenes to get the real site up and running.

What are your next milestones?

Our next milestone will be the official launch of the site! Expected within the month.

Where can people find out more?

To find out more about GoIdeaCat head to www.goideacat.com 

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