Out of 1700 Applications Here Are The 11 Startups In The Spring NY Techstars Session

Techstars New York,Startup News, AcceleratorEugene Chung took to the official Techstars blog to announce that this spring’s session at NY Techstars was by far the biggest applicant pool they had seen. Techstars NY received over 1700 applications from 420 cities, 66 countries.

“We had applicants from countries as diverse as Nepal and Tanzania. More than ever, our applicant pool reflects the global reach of TechStars and the infusion of technology in the cultural zeitgeist of societies around the world. The movie The Social Network has become the Wall Street of our generation. This is true not just for America but for the world at large. Some of the brightest minds of our era are choosing to become entrepreneurs.” Chung said on the Techstars blog.

The 1700 applications came from a wide range of technology verticals. This year they even have a startup in the class called FaithStreet, in the religious space. “For the first time ever, we have a company tackling the religion space, an underserved yet massive market with incredible opportunities for disruption.” Chung said.

FaithStreet helps users find churches in their neighborhood. Their website boasts 11,359 churches in 3473 cities across America, and seems to be growing already.

The Techstars New York spring 2013 session runs through June 28th when they will hold investor day.

Here are the 11 startups selected this year:

  • Ad Yapper – “Talk back to any ad in the world, influence brands, and make a real difference.”
  • Dash Labs – “America’s story is written on the road. Connect to Dash and chronicle your journey.
  • FaithStreet – “Find a church near you.”
  • Jukely – “Concert concierge. The shows you’ve been missing, tailored and delivered.”
  • Klooff – “iPhone app for pet lovers.”
  • Placemeter – “Connecting smart customers with smart businesses. One place at a time.”
  • Plated – Ingredients in pre-measured portions delivered to you for quick, home-cooked meals.
  • Sketchfab – “Publish and embed interactive 3D models.”
  • TriggerMail – “Personalized retention emails for Ecommerce.”
  • Validation Board – “Test your startup idea without wasting time or money.”
  • weeSpring – “Find essential baby products with advice from your friends.”

Check out these startup accelerator stories from “everywhere else”.

Memphis’ Biggest Entrepreneurial Success Story Turns 40

FedEx,Fred Smith,Entrepreneur,Memphis,Memphis startup

(photo: FedEx Facebook)

In 1970 Frederick Wallace Smith embarked on a journey that would change the way that people do business. Smith purchased controlling interest in an aircraft maintenance company called Ark Aviation Sales. In 1971 he started trading used jets and on June 18, 1971 he founded Federal Express.  He used a $4 million dollar inheritance (about $25 million today) and raised $91 million dollars in venture capital.

Along the way Smith was criticized because many though his idea about merging ground transportation and aviation to deliver packages overnight was well, crazy. Of course many present day entrepreneurs have been in the same boat.

In 1973 (40 years ago), he began offering overnight delivery services in 25 cities using a fleet of 14 Falcon 20 (DA-20) jets. The foundation for the way FedEx operates today began in 1973 in a model similar to bank clearinghouses. Packages would be brought to Memphis Tennessee and then re-routed out to their destination.

Today, FedEx Express serves 220 countries and territories around the world, and their main hub is still in Memphis Tennessee.

At age 69 Smith is still alive and well and is still at the helm of FedEx which is innovating in several other logistical spaces, while dealing with the disruption in even overnight delivery caused by new ways of communicating (the internet).  Sensor products, cloud based services and even taking over the merged FedEx Kinko’s which are now just FedEx Office stores, are helping FedEx continue to deliver on the bottom line.

In his spare time what does Smith do? He serves on boards, like Startup America. Smith is a great friend to entrepreneurs and startup ecosystems at home and across the country.

FedEx is just beginning to celebrate getting “over the hill” and of course they’re doing it with jet power.

Happy Birthday.

Jonesin for more high growth tech news from the South, Click here. 

Speek Now Available For Windows Phone

Speek,Windows Phone, DC Startup,startup news

Speek co-founder Danny Boice has lot’s of tattoos, his co-founder John Bracken has just one (photo: NMI 2013)

While I don’t know many Windows Phone users just yet, for those that I know, conference calling just got easier. Our good friends at Washington DC conference calling startup Speek just announced the availability of their Windows Phone 8 app, and no one had to get a tattoo on their ass in the process.

Speek was founded by John Bracken, one of the co-founders of e-vite, and Danny Boice, a startup renaissance man, who coerced Bracken into getting a Speek monkey tattooed on his butt at SXSW, during a startup pitch contest.

Aside from the fact that the founding team is based in DC and cool as shit, Speek is by far the absolute easiest way to initiate a conference call. You just go to the Speek user’s id like mine for instance, speek.com/kyle and hit the call button. Then the magic happens and it’s like a party line. As many people as you like can join the call, and the facilitator (user) can control just about everything from their iPhone, and now Windows phone app.

So what is so paramountly epic about this, well for starters you don’t need to remember some crazy dial in number and then remember some 11 digit pin. Do you know how hard it is to get back into a dropped conference call while driving 70mph down 95? Well with Speek, you just mosey on back to the interwebs, re-hit that button and your back in, or just get back in through the mobile app.

They also don’t make you wait through a bunch of operator instructions or Musak, but if you ask nicely they may put some Korn or OAR on hold for you.

Seriously, it’s that easy and everyone needs to use Speek, Windows Phone users can go here now.  iPhone users look in the iTunes app store, and Android users are up next.

Don’t look now there’s a Speek Monkey on your Ass.

Houston Startup: Mrked Buy A Cell Phone Case, Teach A Girl To Read

Mrked,Houston startup,Texas startup,startup,startups,startup interviewI technically got out of the cell phone accessories writing business last year when we sold Thedroidguy, however in Austin at SXSW we met Akil Momin the founder of Mrked.

Mrked offers 5 stylish and protective collections of iPhone cases; Crayon Box, Double Dutch, Honor Roll, Classroom and Jungle Gym. Their protective cases have an element of style that you don’t find in run of the mill cases.

What makes Mrked worthy of the pages at nibletz.com the voice of startups everywhere else, is the social spin they put on their company.

The young Houston based startup set out when they built their accessory company to do something social with it. That’s why they partnered with Room To Read an organization that provides education to girls in Asian and African countries.

“We believe in investing in the future, this is why we are supporting the works of Room to Read to help provide access to quality education to girls in Asian and African countries. Education empowers and enlightens people of all genders, and this brings about positive changes in many areas. Statistics show that educated parents raise educated children and that mothers are especially influential in this process. Educated women are able to live productive and enjoyable lives and raise families that do the same. This means that providing girls with proper education is the single most vital tool in eradicating inequality and poverty in the short and long term.” Momin says on the company’s website. 

All three founders of Mrked have parents that migrated from South Asia to provide their sons with a better education. Mrked is their way of giving back.

You can check out the cases at Mrked here.

 Check out these other 60 startup stories from SXSW 2013

A Tribute To My Personal Favorite New York CEO, Dan Porter, Wire Style

Dan Porter, OMGPOP,Zynga,New York, New York Startup,The WireDan Porter, the CEO of OMGPOP became Zynga’s New York chief when the popular social games company acquired the New York based company that created “Draw Something”.

Sure one of the main reasons I like Dan Porter so much is that he named every conference and meeting space in OMGPOP’s headquarters after characters from the hit HBO drama “The Wire”.  Being from South Baltimore and having extrad a few times during the run of “The Wire” I naturally loved the idea of meeting rooms named after such influential characters as Avon Barksdale, Marlo Stansfield and Proposition Joe.

What came apparent though, as Zynga set sail with OMGPOP on board was that Porter was like the Stansfield character. Porter told it like it was, probably causing a major level of discomfort for Zynga CEO Mark Pincus.

Porter drew fire when Quartz, a business news website quoted him as saying that Zynga copies other publishers games.

Porter is leaving his post as vice president and general manager of Zynga’s New York operations. It’s unclear whether or not he is staying with the company.  He is leaving his post as Draw Something 2 is preparing for release.

The original Draw Something caught on like wild fire. The game, which allows two players to play in a head to head win lose or draw style competition, was the game of the month right up until the sale to Zynga. It’s popularity faded as hits like SongPop started picking up steam.

The exact amount that Zynga paid for OMGPOP was never reported. What was reported, was the fact that Zynga had to write down $95 million dollars on the OMGPOP deal.

Even with all that in mind, Porter is credited with helping to move Zynga from the Facebook dependent social gaming space to the mobile screen. Reports surfaced on Monday morning that Zynga was about to unveil online gambling games in the UK as well.

While Zynga’s focus isn’t clear to anyone at the moment, we are confident that Porter’s is. So Dan closes your eyes, and breathe easy, your next big thing is right around the corner.

See why Dan Porter earned that bump like a mother fucker, here.

 

Dress Your Personal Web Presence To Impress With Detroit Startup Workfolio

Workfolio,Detroit startup,startup interview,startupThere are thousands of  “do it yourself” (DIY) solutions to designing your own web page. There are blogging platforms, free overnight do it yourself web tools, and many more. When it comes down to it though, most of them are about saving time and sacrificing design.

Well a Detroit startup called Webfolio is looking to change that by helping users create a “stunning personal website in minutes”.

The startup, founded by Charles Pooley and Aaron Smyth, comes with everything people need to create their own beautiful website in a very short amount of time. Simple editing, magazine quality blogging, file and media hosting, promotional tools, traffic analytics and personal domain and email services make Workfolio a one stop shop for whatever your personal web needs are.

We got a chance to interview the team behind Workfolio. Check out the interview below.

What is Workfolio?

Workfolio is a web application that allows anyone to create a beautiful, distinctive website to highlight their personal brand.

In layman’s terms, how does it work (In other words how would you explain it to your grandmother)?

We make it easy for anyone to create a website, removing many of the technical and content-writing hurdles that complicate the process for the average person. We help users register their own domains, choose a beautiful website theme, and create high-quality content so they can feel great about their website and get back to business.

Who are the founders and what are their backgrounds?

Charles Pooley is the CEO and visionary force behind Workfolio. He comes to Workfolio having previously run a successful marketing and design agency, and having served as a technology executive at a publicly-traded company.

Aaron Smyth is Workfolio’s technology lead. He previously worked as a developer for CafeMom and FoxNews.com, and was the second employee at a successful New York startup company. In addition to his product development experience, Aaron is an instructor in front-end web development at General Assembly in New York.

Where are you based?

Workfolio operates from Detroit and New York City.

What’s the startup scene/culture like where you’re based? 

Detroit and New York have very different startup cultures. Because Detroit’s tech scene is still small, the atmosphere is very collaborative, and there is a greater opportunity for individual companies to be recognized within the community.

We chose to open an office in New York in order to take advantage of the tremendous network of technology entrepreneurs, investors, and media that exists here.

How did you come up with the idea for Workfolio?

About a year ago I was invited to do a number of speaking engagements, and I decided I needed my own website to help build my personal brand. I tried to use several of the popular website builders but found them to be complicated and frustrating. I realized that if I was having such a problem, being a designer and a fairly technical person, then this process must be close to impossible for less tech-savvy people. We ran a survey and found that 80% of respondents wanted their own website, but only 7% of them actually had one. And when asked why, the two most popular reasons were exactly what I encountered — people thought it was too difficult to set up their own website, and they had no idea what content to add to the website once they set it up. I took these results to my partners, and Workfolio was created shortly thereafter.

How did you come up with the name?

We struggled for a long time to come up with a fitting name for our product. We eventually landed on Workfolio because it concisely conveys the essential function of the product (and we also think it’s catchy).

What problem does Workfolio solve?

If you’ve ever tried to set up your own website, you probably remember feeling frustrated trying to get your website hosting, domain, and code to work together. If you somehow managed to get those to cooperate, you then had to create or buy a design theme, and let’s face it — most of us are not good designers. Then you’re left with another big question: what content goes on my website? Most people get stuck just after purchasing their domain — the learning curve is just so steep. We eliminate the technology and design hurdles for you, allowing you to focus on the important part — creating content to let the world know what you’re all about.

What’s your secret sauce?

We believe design and user experience are the keys to the success of every application. If we can find a way to get users to share their content and feel good about the sites they create, they will be loyal customers for life.

Are you bootstrapped or funded?

Workfolio is funded by angel investors.

What are some milestones you’ve achieved?

We’re still in the early stages of the business, so most of our milestones have been related to product development. We have hit every product development milestone we have set so far.

What’s your next milestone?

Since our soft launch, our milestones have shifted from product development to customer acquisition.

Who are some of your mentors and business role models?

Randy Whitaker, the Executive Vice President of Operations for Victoria’s Secret, Dr. David DiChiera, the founder of the Detroit Opera, and Dave Hill, former President of General Motors Trading, stand out as the three people who have been most influential in helping me develop as an executive. I also admire a number of thought leaders in business, Tom Peters for example, and designers such as Jonathan Ive at Apple.

What’s next for Workfolio?

We have several new product enhancements in the works to provide more customization options for subscribers.

Where can people find out more?

The best place to learn about us is on our website: workfolio.com. Follow us on Twitter, as well: @WorkfolioHQ

We’ve got more great startups from Detroit here.

Do you have your startup village booth for everywhereelse.co yet?

 

Now’s Your Chance To Get On ABC’s Shark Tank Season 5

Shark Tank,Shark Tank auditions,startup,startups,startup newsMost entrepreneurs I know either watch Shark Tank on a regular basis or have at least checked out the show. If you’re like most entrepreneurs I know than you’ve watched Shark Tank and cringed at some of the “startups” that have made it onto the show.

You may even be one of those Shark Tank fans that yells at the TV like you’re watching the Duke Blue Devils lose to Louisville, screaming when you see an entrepreneur balk at what could be a once in a lifetime opportunity.  After all the Shark Tank sharks have invested $20 million dollars in over 100 deals so far in the first four seasons.

Well fret no more because your chance to get your business in the Shark Tank is now.

Beginning in two weeks, Shark Tank is casting across the country for season 5. With the success of season 4 there was no doubt a season 5 would be on the way.  Shark Tank’s open casting call is coming to five cities starting with Atlanta but there are only 500 spots at each stop.

Now you won’t be pitching in front of any of the actual sharks but if you can get past the first few screenings you may be in store for your big break.

The open casting call is headed to Atlanta, Dallas, Chicago, Philly and Los Angeles, here are the details.

Atlanta, Georgia – April 14th

THE FOX THEATRE
660 Peachtree St. NE
Atlanta, GA 30308
11:00 AM to 1:00 PM – Numbered Wristbands Distributed
12:00 PM – Shark Tank Interviews Begin
———-

Dallas, Texas April 20th

WFAA – VICTORY PARK
3030 Olive St.
Dallas, TX 75201
9:00 AM to 11:00 AM – Numbered Wristbands Distributed
10:00 AM – Shark Tank Interviews Begin
———-

CHICAGO, Illinois – May 9th

SHEDD AQUARIUM

1200 S. Lake Shore Dr.
Chicago, IL 60605
12:00 PM to 2:00 PM – Numbered Wristbands Distributed
1:00 PM – Shark Tank Interviews Begin
———-

PHILADELPHIA. Pennsylvania – May 11th

NEXTFAB STUDIO
2025 Washington Ave.
Philadelphia, PA 19146
9:00 AM to 11:00 AM – Numbered Wristbands Distributed
10:00 AM – Shark Tank Interviews Begin
———-

LOS ANGELES, California May 24th

BEVERLY GARLAND’S HOLIDAY INN
4222 Vineland Ave.
North Hollywood, CA 91602
10:00 AM to 12:00 PM – Numbered Wristbands

Before you go you should probably know these two things, sometimes deals we see get done on TV get thrown back, and the Shark Tank producers can take 5% equity or a 2% royalty no matter what, once you get on the show.

Richard Branson: Four Tips For Avoiding Startup Mistakes

Richard Branson,entrepreneur advice,startup,startups,startup tips

photo: fashionindie.com

Sir Richard Branson, the founder of Virgin Atlantic among 100 other companies (mostly successful) has been doling out great entrepreneurial advice over the last 30+ years.

The great staff at KissMetrics have compiled a plethora of great Branson advice. If you’re an entrepreneur chances are you’ve either heard some of Branson’s advice first hand, or second hand from a friend or colleague. Chances are you are already acting on something that’s come from his infinite wisdom and you don’t even realize it.

Below we’ve got four tips for avoiding startup mistakes that everyone could learn from. Before we dive into that though there are a couple other really important lessons you could learn from Sir Richard Branson.

Your First Year is all about surviving.

Although I’m a serial entrepreneur and have had two successful exits neither was easy in the beginning, and nibletz has been even harder. Branson says:

“In a company’s first year, your goal should be simply to survive, and this will likely take everything you’ve got. No matter how tired or afraid you are, you have to figure out how to keep going.”

Always take notes.

We know always be closing and all those other ABC’s but Branson is a die hard when it comes to taking notes. Whenever he is meeting with anyone he is always taking notes. I personally just started taking notes with paper and pen rather than on my iPad. It makes whoever I’m talking with more comfortable and writing things down with a pen actually helps you remember them.

Branson says:

“Anyone who aspires to lead a company must develop a habit of taking notes. I carry a notebook everywhere I go.”

In this article from entrepreneur magazine, Branson shares Four Tips For Avoiding Statup MistakeStay on target – You need to be clear and concise in explaining your idea. Branson says that the shorter the pitch is, the clearer it will be. Don’t plan too many years in advance, and stay on target.

  1. Be realistic about costs – Don’t underestimate the cost that it will take to launch your company. Branson says that JetBlue needed $160 million to launch. Conventional wisdom said that cost was too high and they wouldn’t be able to raise that much capital. But they did and had one of the most successful launches in airline history and turned a profit after only six months.
  2. Hire people you need, not people you like – It’s been said that people would rather work with people they like than people who are competent. Branson says entrepreneurs may want to stay away from working with friends because, if they don’t work out, it will be difficult letting them go.
  3. Know when to say goodbye – Entrepreneurs need to know when to step away from the CEO role. This doesn’t mean turning your back on the business, but realizing you’ll have a new role in the company which will allow you to focus more. It also doesn’t mean that you cannot return to running the company, as Larry Page did at Google.

We highly suggest you check out this Kissmetrics piece on Richard Branson, don’t forget a note pad.

Great startups will learn a lot here. Check it out.

Madison Startup PieCharter Is Getting Startups Off The Ground

PieCharter,New York startup,startup,startup interviewMadison Wisconsin startup PieCharter is the latest startup tackling the issue of getting entrepreneurs connected to the resources that they need in order to bring an idea from the idea stage to a startup.

PieCharter “…connects budding entrepreneurs with freelance designers in order to create startups.  It eliminates the single biggest barrier any entrepreneur faces when starting a new business, money.  The site allows entrepreneurs with an idea to post and create a new project then hire contractors to do work that they themselves cannot do by offering the contractors equity in the new project.” John Scheflow, co-founder of PieCharter told nibletz.com in an interview.

Early stage startups often resort to giving up equity to designers, developers and other personnel that come on board in the earliest stages because they can’t afford to pay them. This process gets really sloppy by the time it comes to actually do a cap table and issue stock certificates. Time and time again, founders, or employees who think they are founders, have some kind of misunderstanding when distributing equity.

Scheflow said “…PieCharter creates a platform to hold people accountable for their promises of equity, and also allows freelancers the opportunity to take on projects to build a portfolio and work with companies they believe in.” Thus eliminating the equity free for all that sometimes happens when splitting up the pie.

Scheflow along with his co-founder Richard Magness are law students at the University of Wisconsin Law School. Magness hails from Eureka Springs Arkansas, however before law school in Wisconsin he spent 7 years in Japan working as a free lance web designer. He co-founded flutterscape.com and is also the art director at Diveboard.com. Scheflow majored in journalism at the University of Miami before moving to sunny Wisconsin and is originally from Elgin IL.

While there are plenty of startups out there that are trying to solve the work for equity issue, PieCharter has a few elements that make up their secret sauce. First off, with PieCharter he equity “pie” is visualized and easier to understand. Also both Schefulow and Magness agree that their legal experience and education fits into their secret sauce as well.

“We were aware of some of the legal issues like securities law that our website raises, which has helped us plan around these issues from the beginning.  Other than that it’s caffeine and the feeling that working on the site is better than doing any of the other work we have to do.” Scheflow added.

To date the duo has been accepted into the University of Wisconsin Law and Entrepreneurship Clinic. They’ve also built out two prototypes. Their next milestone is an alpha launch and eventually fundraising.

While they don’t have formal mentors both Magness and Scheflow are getting a lot of experience and help in school. They also look up to the Beastie Boys.

“…we’re definitely huge fans of the Beastie Boys.  We like people that do what they want to do, and that’s what we’re trying to do with PieCharter.  We’re doing what we want to do, and hopefully PieCharter will help people start the projects they want to start.”

PieCharter hopes to move to a closed beta soon. You can find out more at piecharter.com and by following them on Twitter @piecharter.

Now check out 4 Startup Co-Founders You Don’t Want.

Move Over Gary Vee Splitbin Says They’re The “Wolverine” Of Wine Startups [interview]

Splitbin,New York startup,startup,startup interviewAccording to the founders of New York startup Split Bin, Chris “Hannibal” Fava and Todd “Niko” McCarthy, they’ve re-invented the wine startup.

“Splitbin is the Wolverine of wine sale sites…in beast mode…on steroids…to the extreme.  While other wine sites just sell assorted high price booze, we offer high quality, low cost wine in a way everyone can understand. Oh yea, we’re also the first wine site in the world to give you the choice to split the cost and buy with friends.” Fava told nibletz.com in an interview.

Essentially Splitbin wants to become the easiest way to buy win and have it delivered, whether you’re drinking alone or having an open house party.

One things for sure, judging by our interview with them, Splitbin has the fire to succeed (and probably attract Gary Vee, who may be just a tad crazier than them)

Check out the interview below.

In layman’s terms, how does it work? (In other words how would you explain it to your grandmother)

If you like wine, but get confused by the culture, and intimidated by high prices, then Splitbin is your horse. We offer affordable wine deals, delivered quickly, with no minimum order requirements. Since we are not, in principle, a “wine club”, we don’t require our Splitbuds to adhere to a buying program. Just log in, check out our new juice, and pick what you like, when you like.

Who are the founders and what are their backgrounds?

Our founder, Chris “Hannibal” Fava, an avid big game hunter, is always after the next animal ready to be taken down. After filling his study with boar and bear busts, he targeted the bloated wine industry and decided to start filling his wine cellar.  

Todd “Niko” McCarthy, Splitbin’s CMO and resident chef/DJ, is into wine but also enjoy a nice bullfight on acid. Amateur Formula 1 racetracks in Eastern European capitals are where he finds his happy place.  After reading Tim Ferriss’ “4 Hour Work Week” he dedicated himself to digital marketing…and to discovering the elusive 3 hour work week.

Part of our Shadow Ops team, Tom “Bootsy” Collins, is our enigmatic guiding light, a guru of sorts. When upright, you’ll usually find him ensconced in a Burmese jungle searching for rare snake wine, or fending off ivory poachers in Zimbabwe. Currently, his mission is to show wine producers of the world to a new audience, helping the otherwise shunned, marginalized, overlooked drinkers of the world discover great juice at exceptional value.

Where are you based?

Brooklyn, NY (aka Bucktown, USA)

What’s the startup scene/culture like where you’re based?

Ready to be crushed.

How did you come up with the idea for Splitbin?

We’ve lived in group houses and have gone/held our share of group dinners where one person gets stuck with the tab simply by being a good host. We could always split tabs at bars and restaurants, so why the hell couldn’t you do it online? We all liked to cook, eat, and drink together, but we wanted a way to make it easier to get together without one person having to buy everything. Living and working in cities also makes it harder to get to stores and learn about new wine, let alone carrying the damn stuff.

How did you come up with the name?

Have you ever seen the movie Face/Off? It’s like that. Except you Split the Bin.

What problem does Splitbin solve?

Global Warming and making sure mark-ass tricks pay for what they drink in groups.

What’s your secret sauce?

Oooohhhh, you’re dirty…we like that, but we’ll keep the answer clean. You can eat it with anything, but our secret sauce would be a beurre blanc with capers and tarragon. It’s almost like a hybrid Bearnaise and absolutely rocks with roasted salt potatoes or a nice fatty salmon. It’s actually something that is fun to mess around with at home, it just involves a bit of patience, and a shit ton of butter.

Are you bootstrapped or funded?

We like to consider ourselves strapped and sometimes we wear boots. But yeah, we haven’t taken any angel or VC clams yet.

What are some milestones you’ve achieved?

Doing the Seven Summits carrying a full case of Cabernet (without extra oxygen) was Bootsy’s major achievement of fall 2012. Getting our business up and running was a minor miracle…doing this interview with the fine folks at Nibletz sure counts as one

What’s your next milestone?

Getting every man, woman and child (over 21) hooked on wine.

What’s one challenge you’ve overcome in the startup process?

Figuring out you can’t easily build a website just because you know how to share google docs or have a great smile. Also, figuring out which growth driver is most efficient in our user acquisition strategy.

Who are some of your mentors and business role models?

Our role models are Dave Chappelle (post Africa), the dude that sold his picture app to facebook, Eric Ries and Zack Morris.

Our mentors include some highly experienced pros in the NYC advertising world (Woods Witt Dealy & Sons) as well as Neil Jacobs, who has provided invaluable startup legal counsel as we’ve gotten going.

What’s next for Splitbin?

First priority is bailing our CTO out of jail in Cancun then bussing him back to BK to complete our mobile app (Mexico is fun, but the dude needs to get cracking). It’s still in development, but this app is going to change the world. We are a national company, but have been pretty Beast Coast dominant since launching. We want to really focus on getting the word on Splitbin out to all our homies in the south, midwest and the Best Coast, letting them know that we’ve got the best wine deals going

Where can people find out more!

Check us out on Facebook/splitbin – we post deals, free mixtapes, and all sorts of tomfoolery to help you get through the day

You can find us tweeting trivia questions for wine deal discounts @splitbin or engaging in topical political discussions like #whatismetrobutt?

Ready for a glass of wine? Check out splitbin.com

Zack Morris may have been the inspiration for this startup too!

Austin Startup Burpy Is The Latest In The Grocery Delivery Phenomena [video][sxsw]

Burpy,Austin startup,startup,startup interview,sxsw,sxsw2013We got a chance to catch up with Aseem Ali, one of the cofounders of Austin startup Burpy.

The Burpy platform allows you to order groceries, beverages, snacks/candy, beer, health and beauty needs, cigarettes, household essentials and more. Essentially, anything that can be purchased at WalMart can be delivered via Burpy.

“Our vision was inspired in the kitchen of a friend’s house on August 30, 2012. We were all gathered for a surprise birthday party and were busy baking a cake for the special occasion. Once we pulled the freshly baked cake out from the oven, we realized we didn’t have any candles! With decorations left to arrange and more guests arriving every second, there was no time for anyone to run out and get candles. This left us with a bit of a problem.

That is when the idea for Burpy came to life.

We created Burpy with the goal of uniting traditional “brick & mortar” stores with a 1-hour delivery platform to make shopping a breeze. Burpy’s unique service provides instant delivery of thousands of products whenever and wherever you want! Simply choose products from our easy to use website or mobile app, and we’ll deliver them to your location in a “burp.” If you use it in your home and it fits in a grocery bag, chances are we have it. Plus, our inventory is constantly growing so we’re always looking out for you.” their website says.

At the moment they are in a public beta in their home city of Austin Texas but Ali tells us in the interview video below that they plan on expanding to other big metro areas in Texas as quickly as possible.


This may be the way to go in terms of order and deliver startups. A few weeks back Zaarly shuddered their original “reverse Craigslist idea”, paving the way for Burpy and other similar services to succeed.

Now of  course we asked Ali why the name “Burpy” and he explains the answer in the video. All of the founders are students at UT Austin.

You can check out Burpy here at burpy.com

Here are over 65 startup stories from SXSW 2013.

Non Tech Co-Founders Check Out TechSpeak For Entrepreneurs

TechSpeak For Entrepreneurs,Nelly Yusupova, Fred Wilson, startup tips,startup news

Nelly Yusupova founder of TechSpeak For Entrepreneurs (photo: tech.co)

Although he hasn’t led a deal this year, the venture capitalist of all New York venture capitalists, Fred Wilson, is still sharing great advice on his “avc” blog. If you’re not a regular reader of avc.com you need to be.

Last week he wrote about his friend Nelly Yusupova, the CTO at Webgrrls International and the founder and creator of TechSpeak For Entrepreneurs.

As you might imagine, TechSpeak For Entrepreneurs, is a two day bootcamp that teaches us non-technical founders the ins and outs of the software design and build process, and how it works.

Wilson says “…that entrepreneurs who are not deeply technical spend too much money, time, and effort trying to get their ideas turned into software products. Many hire the wrong people, get a product that doesn’t meet what they wanted, and worse of all, many get ripped off in the process. ” Wilson is not a “design” or “developer” snob and realizes that all great startups don’t need a technical founder, but they need to be technically savvy.

TechSpeak for Entrepreneurs also helps non-technical founders learn the lingo and the language on the design and development side. To some, speaking tech is like a foreign language, taking the time out of  your busy schedule to attend a TechSpeak for Entrepreneurs could give you the leg up.

There are three TechSpeak For Entrepreneurs’ bootcamps coming up in Phoenix, Silicon Valley and New York.

Phoenix, AZ   Apr 05-06

Silicon Valley, CA   Apr 13-14

New York City, NY   May 04-05

“If you are a non technical entrepreneur, I strongly advise you to get technical. And TechSpeak for Entrepreneurs is a good way to start on that journey.” Wilson suggests.

Wilson is a VC and Principal at Union Square Ventures in New York. Click here to check out avc.com his personal blog. 

Learn more, check out these Startup Tips at nibletz.com

Startup Lessons From The Formspring Shut Down, Or Not!

Formspring,Startup Tips, startups,startup news, Silicon Valley startupFormspring, the very popular, anonymous, question and answer site, was supposed to shut down on Sunday March 31st. We went to see where they were in the shut down process and saw the note above. So it looks like it’s possible Formspring could have one last reprieve.

The service has millions of users and billions of questions, asked and answered. It was a great tool to ask anonymous serious questions too, and also became a very abusive tool among younger sets. A  young, openly gay, actor in Atlanta said he used to love getting critiques and questions about his local theater performances and some of his tv appearances, but at some point he became inundated with requests for naked pictures, before turning 18.

It was things like that, that made Formspring flirt with safety to the point where some of their staffers stomachs turned.

Anonymity is one of the things that Cap Watkins, a former lead designer for Formspring highlights in this personal blog post.

He recaps his time at Formspring and the wild ride of one of the quickest rising startups in the country. Now sites like Quora, and to a point Cha-Cha (which is rumored to be running out of money), carry the bulk of the question and answer flow.

Watkins shares three things that could have “steered the product to a more successful outcome”.

Watkins shares:

We protected anonymous content to a fault

Formspring’s initial success was, in large part, due to giving our users the ability to ask each other questions anonymously (even without a Formspring account). In under a year, we skyrocketed to our first billion questions answered and showed few signs of slowing down. Yet even as we celebrated these milestones, we were all discussing how anonymity would or wouldn’t play a part in the future of our product. On the one hand, anonymity was a really popular feature (duh). On the other hand, we saw a lot of bad and abusive content come through that channel (double duh). A fact that we wound up being pretty infamous for.

But man was it hard to let go of anonymity as a core feature. We tried workaround after workaround. We prompted for sign-up after asking an anonymous question. We started pushing privacy settings for users into our on-boarding (which they never changed, of course). We started setting up elaborate filters to catch bad or abusive questions and put them behind a “Flagged Questions” link in users’ inboxes.

We spent a lot of time on anonymity. It was our sacred cow. Looking back, we should have spent that time finding ways to gracefully degrade that feature instead of finding ways to keep it alive. When you find yourself constantly giving a feature CPR, you should stop and consider whether or not it’s worth saving (or even possible to save).

Our opaque follow-model shot us in the foot

In a way, this lines up with our stance on anonymity. Following on Formspring was, for years completely anonymous. You couldn’t see who followed you and others couldn’t see that you were following them. This meant that we gave people a microphone and they kind of had to hope people heard what they were saying. And until we eventually launched our Smiles feature (akin to Facebook Likes), there was no way to know that your content was being consumed. We debated this a lot internally and came to the conclusion that the Twitter public-follow model was broken in that it put unnecessary social pressure on users to follow back. We felt we could build social features on top of the content (like Smiles) that let our users receive feedback and let their followers out themselves purposefully.

Formspring eventually allowed public following (not as a default, and after I left), but it was too little too late. My takeaway from this has been to always double check to make sure you’re not designing toward your own biases instead of what’s best for your product and users. Formspring had clearly struck a chord with people aching to share more about themselves with their friends. And instead of making it apparent that they were achieving their goal, we put an artificial barrier in place and prevented them from knowing if Formspring was working for them or not.

We skated toward the hockeystick

The biggest sin of them all from a product perspective, but also the hardest to avoid (and one that I see companies make over and over again).

Our initial graphs at Formspring, as you probably know, all hockeysticked up and to the right. Nearly straight up. That part was totally awesome! We were super popular! We could be the next [insert gigantic company name here]!

Oh wait, the graph has peaked and is starting to slowly (very slowly) trend downward. What do we do? Make big bets, right? Try to recapture that crazy growth!

And so we tried. The first big project we worked on was a Formspring button that sites could embed at the end of blog posts or other content. We had millions of users, so we figured it wasn’t a stretch to imagine they browsed other web sites and would gladly click a Formspring button at the end of a post (which asked “What did you think?” and allowed them to post a response to their Formspring page). This was just as the Facebook Share and Twitter “Tweet This” buttons were appearing, so we figured it made perfect sense to follow who we viewed as our closest competitors at the time.

We literally spent months on that system. We had to make sure our servers could handle a potentially huge influx of traffic (we based our estimations on our main site’s traffic, which was honestly insane), had to design and implement the feature, make sure the implementation was easy for publishers, make deals with publishers, etc. We bet huge. On someone else’s (Facebook and Twitter’s) plan.

 

 Continue reading at Cap Watkins blog

A note form Formspring founder Ade Olonoh on the Formspring web page on Sunday March 31, 2013 indicates that they may have a hail mary deal in the works. Stay tuned for more.

Lucas Rayala, founder of Altsie, shared this when his startup failed gracefully

 

I Know We Want Venture Capital But What Is It?

Startups,startup tip,venture capital, raising money,silicon valley bank,svb financialYou may be shocked at the amount of startup founders and entrepreneurs that are too afraid to ask the question in the headline, “I know we want venture capital, but what is it”. 

Well almost three years ago Silicon Valley Bank did a round table discussion led by Michael Hanewich, the East Coast Head Of Life Sciences/Venture Capital for Silicon Valley Bank.

The panelists were:

  • Bryan Roberts, Ph.D. — Partner with Venrock, a leading venture capital firm
  • Judith Elsea — Co-Founder and Managing Director of Weathergage Capital, a fund-of-funds and limited partner in venture capital investing
  • John Mendlein, Ph.D. — Chairman of Fate Therapeutics, an emerging company backed by venture funding.

In a six part video series they explain exactly what venture capital is, where it comes from, how it gets to entrepreneurs and how an entrepreneur can benefit, not only from the funding but from a long term commitment as well.

Roberts explains the venture capital process early on. Venture capital firms raise funds every 3 or 4 years from limited partners. Limited partners can come in a variety of forms. Wealthy families, foundation partners, insurance companies, funds of funds and other can be partners in VC firms. Now keep in mind we’re talking about Venture Capital here, not an “angel” round which is something totally different.

Partners in a venture capital firm have a “very long horizon” on dollars. They want to make money,but are fine, and perhaps better off, doing it over a long period of time.

Now, granted, this video series was produced three years ago before super exits like Instagram. However, Instagram is the exception, not the rule.

The purpose of the VC dollars is to get a company’s product developed and to market, and eventually to liquidity. Venture capitalists will then make money on their initial investment commonly through the company going public or a merger or acquisition of some sort. In rare instances the venture capitalists can make their money back through the company generating revenue.

Here’s the first video in the series:

See the rest of the video series here.