Billion Dollar Startups In A Beautiful Infographic

Everyone wants to be the next billion dollar startup, but so far not many have been fortunate enough to get there. It takes a lot of work and huge customer adoption to even come close.

Facebook, Twitter, Square, Airbnb, and Groupon are just a few of the household names that have made it to a billion dollar valuation. If you’re curious about what it takes to get to a billion dollar valuation, Staff.com has put together a beautiful infographic outlining some key factors behind startups valued at a billion dollars or more.

The infographic takes a look at 14 startups that have been valued at a billion dollars (or really damn close like Instagram). Facebook, Twitter, Workday, DropBox, Groupon, Square, HomeAway, Spotify, Zynga, Airbnb, Box, Evernote, and Instagram are all featured in the infographic.

One of the most interesting facts in the research is that Facebook has a market value that is greater than all of the other companies combined. Wow!

Another very interesting fact is number of employees. Facebook has nearly 4,000 employees and Instagram (now part of Facebook) has just 13. DropBox, which ranked 4th on the list by valuation has 194 employees, and Zynga which ranks 9th has nearly 3,000 employees.

If you’re thinking a billion dollar valuation would sure be nice, check out the infographic below:

Staff.com also chronicled the failure of startups in this infographic.

British Startup FutureYear Is Twitter For The Future

So when I first heard about FutureYear and how they billed themselves as “Twitter For The Future,” I had to take a step back and actually check it out. They weren’t implying that they were the next Twitter, but rather a social network for things that haven’t happened yet.

I poked around a bit and found out that the social network combines birthdays, events, and even forward-thinking historical tidbits about that particular day. Users are posting about graduating from college, holidays, starting vacations, and even startup events. Unlike Facebook it takes a microblogging approach to this information, and other users can join in the conversation.

Like Twitter, FutureYear users post in 140 characters or less in what they call “Sparks.” A spark can also include a location tag or a photo.

We got a chance to talk with FutureYear cofounder Nick Howland. Check out our interview below.

What is your startup called?

FutureYear http://futureyear.com

What does your company do?

FutureYear is a social network focused purely on the future tense of the lives of people, celebrities, and brands. As the name suggests, we focus on the year ahead, the next 365 days. The best way to describe us is ‘Twitter for the future’ – ‘What’s happening this year…’

Who are the founders, and what are their backgrounds:

Nick Howland, CEO, is a web development and marketing specialist who has been involved in setting up several online businesses. Nick has been responsible for the product development strategy, website development, marketing and branding of the website.

Kevin Griffiths is degree and master’s degree qualified and has for the past 11 years has run software and technology companies working in various sectors and with large blue-chip organisations.

Gavin Donlon has founded and owns several Internet businesses. Gavin has a strong vision for the product and adds value to the features and usability of the site.

Gary Aston has spent the past 30 years working in the technology sector and has tremendous expertise in software development, collecting, storing, manipulating, and reporting on huge volumes of data.

Where are you based?

Newcastle-under-Lyme, England, UK

What problem do you solve?

Discover what your friends, inspirational people and favourite brands have planned for the next day, week, month, or year. Immerse yourself with what’s happening around the world, or get involved locally, all on a particular day in the future year. Our aim is to make the future more open and data rich, so that people can make informed decisions on what to do in their future.

Why now?

There is a gap in social networking that we recognised in late 2010. Facebook focuses on the past, connecting past friends made and memories. Twitter is all about now, what’s happening now. Foursquare is about location discovery in the present, now. Our focus is to fill the gap in the social spectrum, FutureYear’s focus is on the future.

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

We’re now in version 0.3 of our beta launch. Our site uses responsive design and can be accessed from any device – desktop, mobile, or tablet. Having launched only a few weeks ago we already have a growing and engaged userbase of 700 users from around the world.

What are your next milestones?

To release native iOS and Android apps and to grow our userbase internationally.

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

Website – http://futureyear.com

Facebook – http://www.facebook.com/futureyear

Twitter – http://www.twitter.com/futureyear

Tumblr – http://futureyear.tumblr.com/

This 22 year old entrepreneur moved from New York to London and then raised 1 million pounds.

Cap Innovators Startup BidRazor Is Shaving The Time Off Contractor’s Bids…By A Lot

We ran into a handful of good St. Louis startups at Chicago TechWeek, including our friends at Bonfyre, a classified ads startup Ad Freeq, and BidRazor, a graduate of the most recent class at Capital Innovators.

Mike Pulley and his co-founder Cameron Larsen have developed a platform for contractors that shaves the time it takes to bid on a project down from 20 hours over 3 or 4 weeks to just 2-4 hours. The main ingredient in shaving the time is “standardization” Pulley told us in an interview. Basically the app takes into consideration historical data on previous projects along with other mitigating factors that allow the contractor to more easily bid out the job.

BidRazor is the first of the duo’s apps that they are developing to help the contracting industry. They are also working on a project management app to help contractors keep better track of every piece of data they need for a building project. That was actually their earlier idea, but then they figured that contractors have to win the job before they can manage it. So far that’s paying off.

Having just graduated from the accelerator, the company already has customers and revenue, and the response has been phenomenal. Cutting back on the time it takes to bid out a project is allowing contractors to spend more time on their current projects, and in some cases, spend more time with their families. It’s a win for everyone.

They also already have a major partnership with Magic Plan, an app that creates floor plans. Now contractors can have bids and floor planes right on their iPhones or iPads.

Check out our video interview below and for more info visit them at bidrazor.com

We’ve got more startup coverage from Chicago TechWeek here.

The Evolution Of Chicago’s Tech & Startup Scene In An Infographic

We travel all across the country and check out startup communities and ecosystems everywhere else. One of the ones that caught our eye early on is Chicago.

Going back to the early 1900’s Chicago has had hustle. Much like many don’t want to succumb to the fact that drug kingpins (the ones that don’t get caught) are the grittiest of hard working entrepreneurs, Chicago has heart, hustle and loyalty that can date back to the seedy underworld that once played home to the most notorious of gangsters Al Caone and later Sam Giancana.

Why in the world did I go there? First off it’s history but secondly the Chicago startup ecosystem is an extremely loyal bunch. They help each other in good and bad and they lift each other up whenever and where ever they can. That’s why, despite the fact that Chicago produces 100 startup events a month, the entire community comes out for Chicago TechWeek.

Staples in industry like United Airlines, Fannie May and Sears grew up in Chicago, with countless others.

And then when technology took off (and despite what PandoDaily once said) BOOM! Chicago’s tech ecosystem and infrastructure skyrocketed which is still what it’s doing today.

Most recently we know the stories of GrubHub and Groupon but back in 1984 (yes 1984 before many startup founders were born), IT mail order powerhouse CDW was founded in Chicago. Millions of people have bought computers, storage, printers and other peripherals from the three letter giant.

Chicago also revolutionized and re-invented the classifieds department across multiple categories starting with CareerBuilder in the mid 90’s. Then in the late 90’s cars.com and apartments.com launched, in Chicago. Chicago also has one of our favorite regional startup sites to visit, builtinchicago.com.

Let us also not forget that Motorola is based right outside of Chicago.

All of this is why one of Chicago’s other big startups, BigMarker, went ahead and made this trusty infographic highlighting the history of Chicago’s Tech Scene as a celebration of their tech community on TechWeek.

Oh and regardless of size, Chicago holds one mean tech party during TechWeek second only to the VegasTech party at SXSW.

Click here to actually read or print this thing (enlarge)

Here’s more Chicago Techweek startup coverage.

Chicago Mayor Rahm Emanuel Praises Chicago Tech & Startups At Chicago TechWeek

For the second year in a row Chicago Mayor Rahm Emanuel closed out day two of Chicago TechWeek, congratulating We Deliver, the winner of the TechWeek Launch startup contest.

At the beginning of his remarks Emanuel congratulated TechWeek on improving the attendance and excitement of the conference, now in it’s third year. The mayor also had the chance to recognize the two people in the audience wearing Chicago Blackhawk’s jerseys. It was also “Black Hawk Day” where over 1 million Chicago area residents were in downtown Chicago for a parade to celebrate the Black Hawk’s Stanley Cup victory over the Boston Bruins.

Mayor Emanuel took a minute to recognize the new Google Motorola headquarters. The company is now an anchor tenant at the Merchandise Mart building, which houses TechWeek and over 200 startups in the 1871 co-working, incubation, and acceleration space on the 12th floor. The Google Motorola headquarters is the largest build out in Chicago history since 2005 with a total of 600,000 square feet within the walls of the Merchandise Mart.

When you put together the startups in the neighborhood along with the new Google Motorola headquarters there will be 8,000 employees in what Emanuel calls “the digital alley” which runs alongside the river. “8,000 employees that didn’t exist just four years ago,” Mayor Emanuel told the audience.

“I think the city of Chicago will become the mecca of startups in the midwest,” Mayor Emanuel said. “Just last year, worldwide, we went from 15th to 10th in startups.”

Mayor Emanuel praised 1871, calling it a startup itself because it just turned a year old. The mayor stressed the fact that Chicago has been known for the diversity in its economy, and he feels that the digital economy is becoming a pillar in the Chicago economy.

After his speech Mayor Emanuel toured the exhibit hall and even had time to play defense in a game of beer pong (with cups of water) on a C5 Beer Pong table. C5 is a Chicago startup.

Check out Mayor Emanuel’s remarks in the video.

Even more Chicago TechWeek Startup Coverage here.

What A Beer Pong Startup Part Deux [VIDEO]

Startups are synonymous with Ping Pong, Beer Pong, and Fooseball right? As a right of passage, many startups that move into a new office, get some kind of funding, or start generating revenue add a table game (or 3) to their office. Heck some startup offices have full arcades.

Back when we were at TechCrunch Disrupt NY 2013 we met New York startup PaddleYou. They make custom affordable custom Ping Pong paddles. They actually made us one as well that you can see in this story.

Mayor Rahm Emanuel stops by to play defense on a C5 beer pong table (photo: C5 Beer Pong/Chicago)

So it shouldn’t surprise you that we found a Beer Pong startup at Chicago TechWeek. Actually, we discovered the Beer Pong startup last May when we interviewed them as Chippewa Five. Since then, cofounders Daniel Manriquez and Joe Mollo have shortened the name, improved the tables, and picked up some new customers.

They’ve shortened the name of the company to the much trendier C5 Beer Pong. They had several of their Beer Pong tables on display at Bar TechWeek throughout the three day conference.

The custom made Beer Pong tables aren’t just for frat guys. Zynga was their first customer, and Facebook has purchased a table from them as well. Cab hailing startup Hailo also has a C5 table which was on display at TechWeek.

Last year when we interviewed them we didn’t get to see their tables up close. After seeing them at TechWeek, we may just have to get one in the Nibletz office and for the everywhereelse conference.

Check out our video interiew with Mollo below and for more info visit c5beerpong.com

A lot more TechWeek startup coverage is here.

Chicago TechWeek Has The Sexiest Startup City In The Country

Most big tech conferences have some kind of startup exhibition area. They go by various names: Startup Village, Startup Alley, Eureka Park, etc. This year, Chicago TechWeek has “Startup City,” and we love it (homage to Patrick Stump).

There are 70 startups in Startup City, and we’ll have a lot of profiles and interviews coming soon. But as we toured the Startup City, we couldn’t help but notice that there’s no shortage of startups on the racier side this year.

Get Lusty is a Chicago startup designed for married couples and couples in long term relationships that want to improve their sex lives. The company founders are a husband and wife team that found the bedroom was getting boring. Their solution? Launch a startup together, of course!

Savvo is the wine aficionado’s resource for all things wine.

F. U I’m Right is the ultimate argument platform, where you can get your social networks to support your argument. Interestingly, though, Boris, the company’s founder, told us he found that he was actually wrong a lot more than he thought.

There are a bunch of other great startups in Chicago TechWeek’s Startup City, but you can imagine why these instantly caught our eye. Stay tuned for more from TechWeek and Startup City.

We’ve got more startup coverage from Chicago TechWeek Here.

Know Who’s Around You At Events With 1871 Startup WeaveThePeople

Here are Nibletz we get out into the community and go to a lot (and we mean A LOT) of startup conferences and events. Sure, after spending the last 7 or so years in tech media there are a lot of faces I remember, but there are also a lot that I don’t know. Yes, I would love to know who’s around me at an event that I am at.

This is a problem that several big named startups have been trying to solve. At SXSW 2012 people discovery was the “big thing”: Banjo, Highlight, and several others wanted to help people know who was at SXSW. The problem was they were all GPS, location, and proximity based. The problem manifested itself when people would look for other people they knew who were right on top of them according to the app but could still be in the next building. When you’re in a building or an event with 1000s if not 10s of thousands of people, this is still a daunting task.

WeaveThePeople, a startup incubating at 1871 in Chicago, is solving the problem with a beautifully rich and graphical platform. Using pictures and profiles, you can easily see who’s at the event. It doesn’t drill down to who’s standing next to you, but with the big and bold visual aspect of WeaveThePeople, dusting off your glasses should make it easier to connect.

Paul Caswell, the founder of Weave The People, is from East Chicago where he’s lived for 15 years. (He’s a native of Manchester though; that’s where he gets the cool accent). He grew up coding, developing his first games at age 13. In 2000 Application Development Trends honored him with an Innovator Award. Most of his career he was developing for other people.

WeaveThePeople combines his love of coding and technology with solving a problem that he found first hand in the corporate world, the exact same problem I described above.

Check out our video interview with Caswell below and for more information visit weavethepeople.com

We’ve got a lot more startup coverage from Chicago TechWeek here at nibletz.com

Florida Entrepreneur Turns Love Of Theme Parks Into New Media Startup ThrillGeek

For a lot of kids who grow up in Florida or move to Florida at a young age, the novelty of theme parks wears out. I have a bunch of friends from Florida in their 20’s and 30’s who can’t stand the thought of Disney parks. The traffic, the congestion of people, and prices that are driven up because of a year-round flocking of tourists make residents run away when it’s vacation time.

That’s not the case for Clint Gamache. Gamache loved thrill rides, roller coasters, and theme parks when his family moved to Florida 20 years ago, and today he still does. In fact he loves theme parks so much he started a new media company called ThrillGeek.

Gamache, who is a data collector for a major rental company by day and an Android fan and developer by night, decided to forego the typical technology blog and launch ThrillGeek.

ThrillGeek combines Gamache’s loves of photography, videos, and story telling with his love of theme parks into a simple, easy-to-understand and navigate website for anyone to find out about the latest rides, park news, and specials. Theme park operators are starting to catch on as well, and they’ve been giving Gamache access to new ride launches and early news.

Just in time for 4th of July vacation planning, we got a chance to catch up with Gamache. Check out our interview below:

What is your startup called?

Our startup is called thrillgeek.com.

What does your company do?

We are a website dedicated to covering and sharing the world of theme park news. We are a simple, straightforward theme park news website. We report videos, photos and even some sounds from the theme park world, all in a simple to read blog format.

Who are the founders, and what are their backgrounds

The founder of Thrillgeek is Clint Gamache. Clint has been into theme parks ever since his parents have moved me down here to the sunny state of Florida almost 20 years ago. Ever since his first visit to the theme parks here in Orlando, I have found myself fascinated with everything they have to offer. From the rides, shows and everything in-between, they are a fascinating place to visit and explore. I enjoy photography, videography and of course, spending time at our local theme parks here in Orlando, Florida.

Where are you based?

Thrillgeek is based in the sunny state of Florida! Home to some of the best theme parks in the world!

What problem do you solve?

I created Thrillgeek with the mindset that many other theme park blogs are extremely busy and are overwhelming. You go to some of the other theme park blogs and you are overwhelmed with vacation planning information, reservations and other information that some of the more hardcore theme park nuts like me don’t really want to see. We just want the breaking theme park news!

Why does it matter?

Millions of people visit theme parks every year. There are a select few people though that enjoy reading theme park news. That is where Thrillgeek comes in. Many theme park websites out there offering many things, such as vacation planning, and other stuff that the theme park nuts do not want. We matter because we want to be a simple theme park news, photo and video website in a simple to read blog format.

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

We started off fairly small as all blogs do, but we are growing every month and have increased our viewers every month. We started almost 4 months ago and started with about 3,000 hits the first month. June is coming to a close and we are already passed 6,000 viewers with a little bit of time to go in the month. We recently have covered major grand openings of some of the biggest area theme parks, including the grand opening of Transformers: The Ride 3D at Universal Orlando and the new Antarctica attraction at SeaWorld Orlando.

What are your next milestones?

Thrillgeek has begun building media relationships with the local area theme parks. Our next event will be at Legoland Florida to cover the grand opening of their new ride. We are currently funding a indiegogo crowdfunding program to help raise money for new camera equiptment. Over the past few months we have doubled in viewership, and I hope this growth continues.

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

Thrillgeek has all of the social media platforms. Our Facebook page can found here, our Twitter here and our Flickr page can be found here.

Our Twitter handle is @thrillgeek

Now check out Aspiredu the Florida startup that won $25,000 at everywhereelse.co

image: 15pictures.com

Aereo Founder & CEO Chet Kanojia On Why People Love It [VIDEO]

Chet Kanojia, the founder and CEO of controversial TV startup Aereo, appeared at Chicago Techweek on Thursday in a fireside chat called “TV Broadcasting: Who Is Controlling The Remote.” BTIG Managing Director Rich Greenfield led the discussion on topics pertaining to disrupting the world of TV.

This was a very fitting topic considering that TechWeek kicked off with a screening of the movie Downloaded, a documentary that takes a look at the rise, fall, and influence of Napster, written, produced and directed by Alex Winter of Bill & Ted’s Excellent Adventure fame.

Like music, the TV industry has had a lot of competition in recent years. NetFlix, Hulu, Sling, and several other companies have disrupted the world of watching television with rabbit ears or a simple coaxial cable into the side of your home. Highspeed internet, DVRs, TiVo, and satellite TV have contributed to that disruption as well.

So far most of the startups and new companies in the television space have centered around streaming cataloged content, with Hulu typically having the freshest of catalog content offerings. Some of the networks that have an ownership interest in Hulu can have their newest show episodes on the site the very next day.

Now Kanojia’s company Aereo is disrupting TV by offering broadcast television via the web in a streaming format which users can record and playback. Kanojia explained that it’s based on the fact that every American is entitled to antenna TV service, but “no one specifies what kind of antenna or how long the cord is.” It’s also based on the fact that recording television for private use dates back 30+ years, since the Betamax days.

Aereo has found itself facing some stiff lawsuits, which Kanojia was quick to point out, the startup is winning.

In the video below Kanokia explains the two keys to their success with their customers: simplicity and unbundling. Earlier in the day Kanokia used TechWeek as the venue to announce that Aereo’s next city will be Chicago, and the service will begin in September.

For more on Aereo click here. and watch the video below.

More startup coverage from Chicago TechWeek is here.

We Catch Up With Sam Krichevsky From Cleveland’s LaunchHouse

LaunchHouse is the startup and entrepreneurial Mecca of Cleveland, Ohio. Like many facilities of its kind, LaunchHouse has an incubator, an accelerator, and co-working in their 22,000 square foot space.

We ran into the LaunchHouse team at Chicago TechWeek and got a chance to interview Sam Krichevsky, who’s really excited about the next level for LaunchHouse.

First, they are looking to expand their footprint across Cleveland, across Ohio, and across the region. Their model is working for startups at their earliest stages and continues to work and support ramp-up companies as well. They have touchpoints with every type of entrepreneur in the Cleveland area.

Next, Krichevsky is excited about LaunchHouse’s next batch of startups that will report to the accelerator in August. This class includes 3 startups from outside the region and a variety of technology spaces.

Another thing that Krichevesky and the LaunchHouse crew are excited about is a “startup neighborhood” concept that they are working on. They are hoping to build a Live/Work/Play space to help attract and cultivate the best startups and entrepreneurs to Cleveland.

Cleveland is bustling with startup and entrepreneurial activity. Jump Start America is based in Cleveland. They also have the BizDom accelerator and a very active startup community.

Check out our video interview with Krichevsky below and for more info visit launchhouse.com

This Ohio startup launched a crowdfunding compliance platform.

Minnesota Startup Theory.io Launches NoteSuite, A Safer Syncable Notebook

Ever since Prism and Edward Snowden became household words, people that resort to keeping their lives managed on their mobile devices have been worried about the security of their personal, professional, and most intimate notes. If their notes are living in the cloud, are they actually safe from prying eyes?

The other big problem with note taking apps and notebook apps today is that users are worried about being trapped in a proprietary ecosystem. What happens if the app they’re using shuts the service down, or they just don’t feel like paying anymore? Sure there are a ton of simple notebook apps that may work. There are also a ton of Microsoft Office solutions, but familiar names like Evernote mean you’re stuck in the Evernote ecosystem.

That’s why Peter Tamte, President of Theory,io is releasing NoteSuite for iPad. This new notebook app has all the syncing functionality of other cloud-based note taking apps, but the notes live device side. Also, equally as important, they can be quickly exported.

NoteSuite for iPad is also the only mobile app that allows users to take notes, manage to-dos, clip web pages, annotate almost anything, and read/search PDFs, MS Office files, and web clips together in one app. It makes it easier to stay organized while mobile. NoteSuite for Mac automatically syncs with NoteSuite for iPad and combines note-taking, to-do management, web clipping, and document organization.

Different from most note-taking apps, NoteSuite does not require a subscription. NoteSuite stores users’ data safely on their iPad or computer, employing popular cloud services for syncing and backup rather than primary storage. This ensures users’ never pay extra to access notes offline, data will not vanish if their web service gets cancelled, access to notes will not be jeopardized by security concerns or lost Internet connections, and users’ data can never get held hostage for higher fees in the future.

NoteSuite is a sequel to Theory.io’s Projectbook, which launched in August 2012 as the #1 best-selling paid iPad productivity app. NoteSuite is an original app, with more than 100 new features and changes and is available as a free upgrade for Projectbook users.

“Web services are ideal for syncing, backup, and collaboration. But, our notes hold our most important ideas and information,” Tamte said in a statement. “Our research shows that 62% of notes app users are worried about trapping their data inside a proprietary, subscription-based system. NoteSuite lets users stay on top of everything that matters in one organized place and never lose control of their data.”

Here are just some of NoteSuite for iPad’s features:

– Capture Anything: Type, make lists, take photos, record audio, and capture to-dos collectively within notes pages. The iPad version also lets users draw and handwrite directly on notes pages.

– Clip Web Pages: Save clutter-free, fully searchable articles, shopping pages, recipes, and PDFs directly from the web into the app to enjoy anytime, anywhere – even offline.

– Manage To-dos: Track due dates and start dates, set reminders, and match to-dos and projects with relevant notes and documents using comprehensive to-do management features.

– Annotate PDFs: Markup, highlight, sign, fill out forms, type, draw freehand, write, and more on iPad using the PDF capabilities.

– Annotate Anything: Convert MS Office and Apple iWork documents to PDF on iPad, draw or type directly on photos, and convert PowerPoint slides into notes pages for note taking during meetings and lectures.

– Read and Search Documents: Read and search Word docs, PowerPoint files, PDFs, notes, web clips, and to-dos.

– Find Things That Aren’t Organized: Find notes, Word docs, PDFs, and PowerPoint files even if they haven’t been tagged or filed in folders, and without having to remember keywords.

– Sync Across Devices: Tapping one button allows users to sync their data automatically via iCloud from that point forward, without creating a new account or remembering more passwords.

Normally priced at $4.99, NoteSuite for iPad is available at a special introductory price of $1.99 through July 15, 2013 and is a free upgrade for Projectbook users. NoteSuite for iPad is available on the App Store here.

Normally priced at $9.99, NoteSuite for Mac is available at a special introductory price of $4.99 through July 15, 2013. NoteSuite for Mac is available on the Mac App Store here.

These are the top cities for women entrepreneurs.

Cultivate,Collaborate, Innovate With Nigerian Startup Insp-i

When I was first contacted by Kingsley Otoide about his Nigerian startup Insp-I, I was a little skeptical. We’ve all received 100s of emails, typically credited to Nigeria, saying we could easily make 2, 5, and $20 million dollars by helping someone move some absurd amount of money to a bank in the US. Luckily for me Otoide had a great sense of humor and an even better idea.

That idea is a startup called Insp-I.

Through several overseas phone calls and Skype sessions, I learned that Otoide’s startup is about ideas. It’s not an idea marketplace though. Insp-I is a social network for ideas where someone can cultivate, collaborate, and innovate on an idea they have but may not have the resources to flush out.

Say you had a brilliant idea to try something different that you thought was the treatment for cancer. You’ve done enough research to know you’re on track, but you’re not a doctor nor a scientist. Insp-I wants to be the global place where you can take that idea, find people you think would be useful to help build out that idea, and pitch it to them. The next step after that is to collaborate and get the conversation going.

Otoide and his cofounder Kelechi Iheanacho envision a social networking platform where no idea is a bad idea. Sure we say that all the time, but what often makes a bad idea bad is the inability to follow through. By connecting the thinkers with the doers and vice versa, you create serendipity, and real innovation can get done.

Otoide and Iheanacho see their platform as a place where people with a good idea can share it with someone who can execute or help brainstorm it. Then, that same user can turn around and brainstorm or build someone else’s idea.

We got a chance to interview Otoide about this new idea for a new social network. Check out that interview below.

What is your startup called?

Insp-i

What does your company do?

Insp-i is the world’s first social network purpose-built for democratizing and engineering disruptive innovations.

In 2008, a 16-year-old Danish high school student thought to herself, “What if we made ozone in the lab and used it as a personal protective coating to help prevent skin cancer?”

Obviously, she lacked the domain expertise required to develop the idea. Fortunately, she got the opportunity to discuss her idea with a Nobel scientist. The eventual result of a series of interactions was Buckyozun, a product that gives 99.99% protection against all UV-radiation and has a large market potential in about 14 industries- including, the space industry.

Now, imagine what benefits yet await mankind if we proactively got domain experts in the various fields of human endeavor to rub minds with non-experts (e.g., domain experts from other fields, grassroots innovators in Africa or Asia, shop floor employees, students, etc). Simply put, the possibilities are limitless.

Who are the founders, and what are their backgrounds

Kingsley Otoide
He studied medicine at the University of Nigeria before becoming a global marketing associate for Invent Resources, Inc.(IR), a US company founded by four top US scientists/inventors one of which is Dr. Richard Pavelle, the President. Through his effort, IR’s GTL technology was reviewed by some leading corporations (e.g. BP, Sasol, Lurgi, etc) and venture capitalists (e.g. Vinod Khosla).

Kelechi Iheanacho
He is the ‘silent founder’ because he is an officer and engineer with the Nigerian Navy.
Earlier, the founders built an Execution Risk Management (ERM) software for which a Nigerian patent number RP 15584 was granted.

Where are you based?

Lagos, Nigeria.

What problem do you solve?

The CULTURES and DESIGNS of the better-known of the existing social networks are such that they do not proactively catalyze the interaction of people from diverse backgrounds (i.e. disciplines, industries, nationalities, ages, experiences, etc.) Rather, people tend to connect with other people just like themselves. As a consequence, opportunities for serendipity, new knowledge and breakthrough innovations are stifled.
What we offer is a social network with a CULTURE and DESIGN that encourage people of diverse backgrounds to freely interact in solving the world’s many problems. Imagine that, with each post or tweet you write, you could actually target only the person or persons you wanted to engage in conversation with. For example, with one post or tweet you want to rub minds with 2 doctors in Brazil, 3 physicists in China, and 4 veteran plumbers in India in one space as predetermined by you. And you can have as many of such conversation spaces as you wish and at the same time. That is what our social network aims to do- and much more.

Or think of it as some sort of online version of breakout sessions at a conference where all of the world’s 7 billion people are in attendance. And that each attendee has the power to choose the people he or she wants at his/her table at each session while there are no limits to the number of tables or session that each attendee can create.
As is well-known, breakout sessions are conversation spaces for inspiration and collision of ideas as well as opportunities for new knowledge and breakthrough innovations.

Why now?

There is no better time. We are at a critical time when the world is in dire need of new knowledge and breakthrough innovations that can help solve its many problems.

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

Actually, we have been working on this project for the last 2 years. And we took all that time to validate the project idea with some of the world’s leading domain experts and innovation-focused institutions. Here is what some of them have been saying:
‘That is a wonderful idea. I have long shared that it is often from people outside a discipline that come up with the best innovative ideas!’
– Clayton Christensen, Harvard professor and co-author of The Innovator’s DNA.
“It’s an intriguing idea. I think the core insight that networks like Facebook focus on connecting you to people you already know, rather than people with unexpected perspectives and insights is a valid one – indeed, it’s one of the core ideas of the book I’m publishing next year.”
– Ethan Zuckerman, Director, Center for Civic Media, MIT.

‘I agree completely. Thanks for sharing!’
– Jeff Dyer, BYU professor and co-author of The Innovator’s DNA.

‘I agree that putting together “beginners’ minds” with experienced people can yield great results. We discuss this in much more detail in the book When Sparks Fly, published by Harvard Publishing on the topic of group creativity.’
– Dorothy Leonard, Harvard professor and co-author of When Sparks Fly.

‘Yes, I agree that the folks who work on the ground (on the factory floor, in the trenches, etc.) are often a terrific source of ideas and should be included in the conversation. The split between professionals and non-professionals is false and counterproductive. This was also one of the big insights of Japanese “lean” management and quality circles.’
– AnnaLee (Anno) Saxenian, professor and Dean at UC Berkeley School of Information.

Also, we have got the following individuals as Advisors:

Beth Kolko

She is a professor in the Department of Human Centered Design & Engineering at the University of Washington. She is also a Founder and CEO of Shift Labs, an engineering and manufacturing company.

Jason Fraser

He is a co-founder and principal at LUXr Incorporated, the lean user experience residency based in San Francisco, CA.

David Verba

He is a former director of technology for Adaptive Path; currently, CTO & Founder Halcyon Engineering.

Jenny E. Jung

She is the Global Partnership Director at Blackbox.vc based in Atherton, CA.

Dr. Clifford D. Conner

He is the author of A People’s History of Science: Miners, Midwives, and “Low Mechanicks.”

What are your next milestones?

We have built a prototype to demonstrate our raw idea. And we want people from all over the world to try it out and give us useful feedback. At the same time, we are looking to launch our company in the US to take advantage of the unique startup nourishment that can be found there.

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

Please see our prototype www.insp-i.com, If you have a Twitter account, be sure to follow us @inspiglobal

Are “world changing” startups, really changing the world?

Chicago TechWeek Kicks Off With Screening Of Downloaded

Some consider Napster to be all about stealing music and pirating. Others consider Napster to be the pioneer for music services that are household names today like iTunes and Spotify.

Alex Winter calls it the story of one of Silicon Valley’s biggest failures and what it created. His new movie Downloaded chronicles the rise and fall of the first peer-to-peer file sharing service.

Last night 100 VIP’s, media, presenters, and entrepreneurs kicked off the Chicago Tech Week conference with networking, drinks, hor d’ouvres, and a viewing of Winter’s movie at the AMC theater in Downtown Chicago.

Originally, Winter wanted to do a dramatic movie, but he eventually decided a documentary would be more accurate. The film starts the Napster story when founders Shawn Fanning and Sean Parker were still teenagers. Winters went back several years and re-interviewed everyone that was involved.

Before the movie the audience got a look at the preview for Jobs, the new movie based on the legendary Steve Jobs, with Ashton Kutcher playing the main role. That too got big laughs from the audience of techies.

As for Downloaded, Winter has been showing the film at festivals and events. It was also shown during TechCrunch Disrupt NY 2013 back in May.

Napster paved the way for music consumption the way we have it today. Throughout the Q&A session Winter reminded the audience that what the record companies didn’t get was that Napster wasn’t about free, or stealing, as much as it was about convenience. That’s why Winter is an admitted Spotify user and never really caught onto iTunes or the more radio-style streaming services.

During the Q&A Winter talked about Lars Ulrich and his part of the Napster story. Metallica was very upset when one of their newest songs made its way to K-Rock before it was even finished. After some digging they found out that the track had been leaked via Napster. Metallica went through the trouble of identifying over 200,000 Napster users illegally sharing their songs and decided to print out the list and deliver it to Napster. It was an epic part of the movie.

Winter was asked if it was hard to get Ulrich to agree to the movie. He talked about how Ulrich was so upset about Napster, but for some reason praises Spotify.

Then the discussion turned to the very recent stories about Pandora and the lack of royalties artists are receiving. Earlier this week Pink Floyd and the band Cracker took to blogging about how they were seeing next to nothing in royalties from Pandora. Cracker’s front man David Lowry said publicly that for over 1,000,000 streams of their music, he received a whopping $17.

I asked Winter what he thought the perfect model would be.

“Well if I knew the answer I wouldn’t be here, I’d be on my yacht.”

He went on to explain his real answer. To him the perfect model would be for the labels to get back to cultivating artists like they did nearly 2 decades ago and embracing a model of technology that was convenient, easy, and instant. People would pay for that.

Check out the official Downloaded trailer here.

Chicago Tech Week started on Monday with events for the local tech community. The “TechWeek” conference kicks off this morning at 8am and has plenty of great speakers, startups, pitches, and parties. Stay tuned to Nibletz for up-to-the-minute coverage of all the best happenings.

Find more of our Chicago TechWeek coverage here.