St. Louis Archives - Page 4 of 4

St.Louis Startup: BonFyre Brings Social Network Back To Campus, Attracts Square Co-Founder Jim McKelvey

Last month we brought you the story of LockerDome a social network for amateur athletes based in St.Louis. LockerDome was able to attract some key investors and advisors. One of those is St.Louis native Jim McKelvey who just happens to be the co-founder of the widely popular mobile payment startup, Square. McKelvey co-founded Square with Twitter co-founder Jack Dorsey.

Another social networking startup has also received backing and advice from McKelvey. McKelvey sits on the board of Off Campus Media LLC, the paurent company to the BonFyre app.

BonFyre was founded by Mark Sawyier, a graduate of Washington University. The app is a social media and location sharing app aimed at college students looking to plan what’s next with friends, find out what’s hot and save money around campus.

One of the main concepts behind Bonfyre is to take the social network back to students. We all remember the days when Facebook was exclusive to students with a college email address. While everyone wanted to join this exclusive club (and we all eventually did), the exclusive college nature of Facebook at the time, made it more about sharing social events with friends and then getting out and doing stuff together.

More after the break

St.Louis Startup: Busy Event Is A Complete Event Management Solution Designed By Industry Veterans

Let’s face it at this point in time event apps are a dime a dozen. There are good established event apps like Eventbrite and there are some new comers to the space that may prove to be disruptive. On the other side of the spectrum it seems that anyone who’s hosted a birthday party for their three year old has come up with an event app. BusyEvent is actually neither.

The St.Louis startup was founded by Brian Slawin and David Schenberg two St.Louis area event industry veterans with over 40 years of experience. There complete approach to events works off the idea that you need to do more than sell tickets and check people into the door in order to have a great event. BusyEvent is part of the Microsoft BizSpark program. They are more than just an event app. Slawin tells Nibletz.com:

“BusyEvent is a live events technology company. We have developed a mobile web app for event producers that helps make their events easier to manage and more profitable to produce. Our premier product, gomobile.pro, puts an entire tradeshow into your phone, making it easier to find and connect with the people, products and information event participants are interested in.”

We got a chance to interview Slawin about BusyEvent and here’s what he told us:

Who are the founders of BusyEvent and what are your backgrounds?

Brian Slawin: Since the mid-90s, Brian has been working in the events industry, designing, building and managing tradeshow programs and technology products for dozens of Fortune 1000 clients like Domino’s Pizza, HP, Ameriprise and H&R Block, Toyota AirSports and many others. A strong operational leader with a clear communication style, he has successfully managed cross-functional teams, has a demonstrated aptitude as a hands-on software engineer and managing the use of numerous technologies.

David Schenberg: David is a veteran of the events industry with 20 years of experience designing, managing and selling technology that motivates people to meet and do business together. He has experience with major brands like AB, HP, M&M Mars, Domino’s Pizza, H&R Block, Ameriprise Financial, Marriott and Ritz Carlton. He leads the way in the use of emerging technology and his clients trust him to help navigate the ever changing landscape.

More after the break
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St.Louis: New Venture Capital Group Cultivation Capital Announces First Three Investments

Yesterday we brought you the story of the exciting St.Louis startup LockerDome. LockerDome, the first social network for athletes (that’s been done right) has attracted the investment of Jim McKelvey, one of the co-founders of Square. LockerDome has so much going for it right now, that yesterday we asked is LockerDome the Groupon of St.Louis. Many folks from St.Louis chimed in on Twitter suggesting that LockerDome was even better than that.

Today we’re reporting on a new St. Louis venture capital group. Cultivation Capital has announced it’s first three investments. Not surprising, LockerDome is one of those investments.

Cultivation Capital announced a $250,000 investment into LockerDome, which co-founder Gabe Lozano told us was a new investment for the company, complimenting the $750,000 they raised at the end of last year.

“Cultivation Capital brings much needed financial resources to the rapidly growing number of early stage tech startups in the St. Louis area. We decided to work with Cultivation Capital because they’re run by a solid team of local entrepreneurs that have collectively built some of the area’s most successful startups. I have a lot of respect for the individuals behind the fund and look forward to seeing these guys positively contribute to evolving the local landscape.” Lozano told nibletz.com

Cultivation Capital’s second investment was also $250,000 which went to JBara Software. JBara Software provides deep customer intelligence analysis for enterprises to manage customer success and minimize churn. JBara is a leader in supporting the executive in charge of customer satisfaction by providing actionable insights into the customer experience and key customer metrics.

They also made a strategic investment into Capital Innovators. Capital Innovators is a St.Louis based technology accelerator which provides mentorship and seed funding into select companies.

“These three companies mark an exciting entrance for Cultivation Capital into the Missouri startup market,” says Peter Esparrago. “Their innovative approaches to business set a strong precedent for future investments in the Midwest.”

The Cultivation Capital team is led by General Partners and experienced entrepreneurs Brian Matthews, Peter Esparrago, Jim McKelvey and Rick Holton, Jr., who have a combined track record of more than 25 companies started, over $200 million raised and multiple exits. The team includes Associate Partners Kyle Welborn and Israel Vicars.

Linkage:

If you’re a St.Louis area entrepreneur you can apply to Cultivation Capital here

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Is LockerDome St. Louis’ Groupon?

LockerDome is one hot startup coming out of St.Louis. It’s the first ever dedicated sports social network for youth and amateur sports. LockerDome has been likened to the Facebook or LinkedIn for athletes.

LockerDome allows individual sports organizations to develop their own sports networks, and most of the well known sports programs in the country have already joined and have thriving networks. The Dallas Texans, one of the top ranked soccer teams in the country has a LockerDome network, as does the East Coat Pro Showcase, a well known east coast event that’s made up of more than 100 of the 2011 Major League Baseball draft picks.

LockerDome and CEO Gabe Lozano aren’t just making a big name for themselves in the sports world, they’ve already chalked up a lot of funding. In December of 2011 they raised $750,000 in an angel round. Participants in the round include serial entrepreneurs Brian and Carol Matthews, co-founders of Primary Network and CDM Fantasy Sports; Capital Innovators, a St. Louis-based technology accelerator fund; Moosylvania Marketing, a nationally-recognized marketing agency; and Hal Gentry, co-founder of Capital Innovators and GridLogix, among more than a dozen other angel investors.

LockerDome also caught the eye of Square’s co-founder Jim McKelvey who invested and also took a seat on the company’s board of directors. But McKelvey wasn’t easily sold at first. He’s not the kind of investor that looks to pump money into a “flavor of the week” just to catch a big windfall he has three businesses that he’s started and still runs today, including Square which he founded with Twitter co-founder Jack Dorsey.

More after the break

St. Louis Arch Angels Invest $3 Million In 2011

We love angel funds with great names like Arch Angels (get it St.Louis, Arch, Arch Angels?). The group of investors that has been around since 2005 announced their biggest year in funding was 2011 with $3 million in investments in a variety of early stage sectors. Their investments range from health technology, to beverages and even backing a downtown St. Louis accelerator fund.

The angel group has 47 members and have invested $26 million in 28 companies since their founding in 2005.

Their leading investments in 2011 were $500,000 to Pulse Technologies. The health care company is working on developing a medical device to boost the effectiveness in clot dissolving drugs.

The groups second largest investment was $173,000 in a beverage company developed by Robert Paul, a neuropsychologist who after hearing about brain drinks decided if it was going to be done right he would do it himself. Arch Angels investment was part of a $900,000 round that also included former executives of Anheiser Busch.

Arch Angels other investments were in two more medical companies, Katalyst Surgical which received $123,000 for opthalmic instruments and $220,000 in Venti a medical device company focused on diseases of the veins.

They also contributed $375,000 to Capital Innovators the downtown accelerator fund. Capital Innovators has backed 12 startups that showed off their projects at a demo day held in the beginning of the month.

source: Stltoday.com

Top 10 Reasons To Pick The STL Over SF For Your Next Startup

This is a repost from a Tech.li article with their permission with a link a bottom of article.

1.St. Louis is Cool

If you like sports, St. Louis is your kind of town. If you like eating, restaurants abound and if Mardi Gras is your type of thing, try checking out the nation’s biggest Mardi Gras celebration outside of New Orleans in the French District. In a city dripping with history, there is plenty of culture to keep anyone satiated, if/when you ever take a day off from growing the business, of course.

St Louis Start Up Spotlight: Passer.by Now Anyone Can Invest In A Movie

Are you old enough to remember the days of HSX.com, before 9/11 it was the place to go to invest virtual money into real life actors, actresses and movie projects, called the Hollywood Stock Exchange. Now this wasn’t real you weren’t really investing money in a movie it was more of a game, kind of like fantasy baseball. If the movie did well the actors and actresses did well and then you made more virtual money.

Well shove all that aside because a St. Louis startup called passer.by is working on a crowdfunding website for real movies. Passer.by was founded by childhood friends Todd Metheny and Josh Clayton. Clayton has some experience in the film business but for Metheny it’s a new venture based on a love of movies.

Passer.by will be a way to get film projects off the ground with the help of many people, from friends and family. They have several funding options and plans they are working on. Metheny says they are riding out the “JOBS act” and the SEC to see if the entire crowdfunding model will be a go.

As for how much it costs for the film maker, right now they are launching the first 20 films with the film makers “paying what they choose”.

“It’s certainly a risk, but it’s exactly the kind of risk that we’re excited to take,” Passerby CEO
Todd Metheny said. “Some people will choose to pay nothing, but it’s a matter of trust. Our
mission is to be the crowdfunding option that puts filmmakers first, and to do that we need to
create a relationship with our users that is built on trust.”

CCO Josh Clayton is exciting to see how filmmakers react to the “pay what you choose”
option. “We’d love to be ‘pay what you choose’ forever, and we very well might be,” he
said. “We just need to make sure it’s possible to cover the expenses related to running the
platform at that level. We believe it’s a favorable experiment for the filmmaker.”

We spent some time talking with Metheny about passer.by check out the interview below the break.