Saving Detroit: Grand Circus Is One Of Many Startups Hoping To Reinvigorate Detroit’s Economy

GrandCircus, DVP, Detroit startup,startups, startup interview

When we think of startups, tech, and entrepreneurs we don’t usually think of the industrial revolution, or the invention of things like the automobile. We don’t often equate names like Henry Ford, William C Durant, Charles Stewart Mott, or even Berry Gordy. Decades ago these were the innovators and entrepreneurs that bucked the system, created companies and created jobs. Henry Ford created Ford Motor Company, Durant and Mott were behind General Motors, and Gordy is the king of the R&B music we know today, the founder of MoTown.

All we think, when we hear Detroit today, is $10,000 mansions in foreclosure and a city government that’s filed for bankruptcy. Now it’s up to the next generation of entrepreneurs and innovators to refuel the city that was once a thriving mecca of modern day technology, innovation, and entrepreneurship.  Detroit startups are at the foreground now of breathing life back into one of America’s industrial beacons.

One of those startups is Grand Circus. While Grand Circus is a startup itself, they are on the ground floor of Detroit’s technological revolution. Grand Circus is 15,000 square feet of tech training space. But we’re not talking about traditional certificate-based classroom learning.

“…we dismiss that true skill comes with a certificate. We focus instead on outcomes that matter. With project based instruction our training delivers real world expertise. We call it training with a purpose. Our curriculum is based on the latest in technology, business, and design, and we have partnered with the best and brightest. Our instructors are real world practitioners who are at the top of their field and committed to the success of their students. [We’ll offer] More than 30 different classes this fall – including Build an iPhone App, The Design Process, and Digital Marketing,” Grand Circus’ Kelly LaPierre told Nibletz in an interview.

Michigan, and Detroit specifically, already have a handful of great startups, that if successful will continue to create jobs in the Motor City. But this time instead of motors they’re using keyboards, computers, laptops, the internet and iPhones. We’ve recently covered myfab5, a Detroit startup making restaurant reviews and decision making much easier. Two weeks ago we reported on UpTo, a Detroit shared calendar startup that raised a $2 million series A. DVP (Detroit Venture Partners) has also graced the pages of Nibletz quite a bit over the last year.  So there’s no doubt that people in Detroit are stepping up.

Grand Circus is making it even easier for people to step up by learning the skills that they really need to create the next wave of startup companies. They will also play an instrumental part in grooming the next generation of employees for these startups.

We got a chance to interview the team behind Grand Circus. Check out the interview below:

What is your startup called?

Grand Circus – named after Detroit’s historic Grand Circus Park that our new space overlooks in downtown Detroit. We are located in 15,000 square feet of space in the newly renovated Broderick Tower.

Who are the founders, and what are their backgrounds?

Grand Circus was kick-started when co-founders Damien Rocchi and Brad Hoos met while working at Detroit’s collaborative tech space in the M@dison building. “We saw the opportunity and quickly converged on a mission to create an amazing home for tech training in Detroit, a city with immeasurable talent that is just starting to reach its full potential,” said Rocchi.

What’s the startup scene like in Detroit?

Detroit startup scene is booming – SA Today names Detroit one of the “10 Great Places to be Inspire by Innovation” Fast Company’s piece “How A Young Community of Entrepreneurs is Rebuilding Detroit” called the city a “refuge for techies looking to tackle real problems.” The New York Times also spotlighted Detroit’s tech scene, nothing that hiring in the city’s tech sector is pulling developers from the coasts. Detroit has seen a 10 percent year-over-year increase in tech job listings, which makes the city the fourth in the nation for total employment in the tech industry.

What problem do you solve?

There is an ever-growing need for tech professionals in Detroit’s burgeoning digital hub. “As Detroit continues to grow and evolve its technology core, developing creative and talented technology professionals is critical. We are excited about the important role Grand Circus will play in the city’s continued revolution,” said Josh Linkner, Managing Partner of Detroit Venture Partners.

Why now?

“Detroit’s tech scene is dynamic and there’s a certain vibe and feel that exists here that you just have to experience,” said Hoos, COO and Co-Founder of Grand Circus. “We’re excited to be at the epicenter of Detroit’s tech earthquake just as it’s making waves.”

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

Grand Circus joins Detroit Venture Partners’ (DVP) portfolio, a venture capital firm formed by Detroit business leaders Dan Gilbert, Josh Linkner, and Brian Hermelin.

What are your next milestones?

Classes start this fall

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

grandcircus.co or www.facebook.com/GrandCircus or @grandcircusco

Join lot’s of Michigan and midwest startups at this huge, national  startup conference Sep 29-October 1 in Cincinnati. 

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Startups In The Fastlane: Jumpstart Foundry Startup ZingFin

Fastlane-JSF

One startup is tackling personal investment by polling the best social media information to help anyone have a better grasp on investing. ZingFin is currently accelerating in Nashville, Tennessee at JumpStart Foundry, and we’ve got them in the Fastlane.

Accelerators are a big part of the startup ecosystem globally. Good accelerators aren’t always rosy. They pick the best of the best in their application phase, and then through mentorship and in-depth insight, they turn the idea upside down to get it to market.

ZingFin is one of the teams that will graduate from Jumpstart Foundry on August 22nd. The JSF demo day is often standing room only with over 400 in attendance, so pressure is on for all of the startups. For ZingFin though, the pressure may be greater.

They’ve put together a product that integrates social media into a dashboard that helps investors make more educated decisions for their personal investment portfolios. Hopefully the room full of investors will be chomping at the bit to try out this new product. Some of the accelerator’s investment backers, like Vic Gatto of the Solidus Company, have already been spreading Zingfin out to their social networks.

Zingfin, Jumpstart Foundry, Nashville Startup, Startups In The FastlaneSo what does ZingFin do exactly?

They stay on top of trending stocks. “Zingfin’s text analytics filter the more relevant conversations that impact stocks on social media channels such as Twitter® and Stockwits®. You’ll make sense of the aggregate market trends before anyone else sees them coming,” the company says on their website. They also tout the fact that Cornell researchers have found that Twitter mood predicts the stock market at an accuracy of 87.6% in predicting the up and down changes in closing values of the Dow Jones Industrial Average.

They also use social media to help identify industry and opinion leaders and they also connect the dots with “indepth visualizations”.

To find out more we talked with Balaji Viswanathan, co-founder of ZingFin in our Startups In The Fastlane interview. Check out the interview below.

Where is your startup originally from? 

Boston, MA

Tell us about your current team?  

We are a team of 3 – Balaji, Manju, Anup. Balaji has a MS in Computer Science and worked for Microsoft Redmond as a developer for 4 years. Balaji is the CEO and manages the technology execution. Manju is an electronics engineer and she has a background in operations and database management. She is the COO and manages the operations & administration. Anup has an MBA and has expertise in user experience & product development.

What does your startup do?  

We help investors be in the know of market trends and pick the right stocks based on social sentiments.

What are your goals for the accelerator program?  

To fine-tune product and get the product-market fit.

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

To perfect on that one thing that will gain us the initial advantage. We can always scale from that point.

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

Really making the product focus.

What is your goal for the day after demo day? 

To hunt for angels who can help us move to the next stage.

Why did you choose this accelerator?      

The mentoring is hands-on and Nashville is a city that is on rise.

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

We moved from Boston. We might temporarily move back to Boston and then will keep traveling back and forth. Depending on our funding we will decide on the final location.

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

The fact that Jumpstart has so many mentors who are so interested in getting us successful.

Where can people find out more?      

Here is our landing page: Zingfin.com, Our blog is at zingfin.quora.com.

What’s your twitter handle?  

@Zingfinapp

Find out more about JumpStart Foundry here. 

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Teams, This Baltimore Startup Has The Answer To Sharing Passwords

TeamPassword, Baltimore startup, startup interview

When you’re collaborating remotely or even if you’re working in the same office, sometimes it’s necessary for teams to share passwords. Here at Nibletz our core team needs to share site passwords, social passwords, analytics passwords, and more.

There isn’t really an easy way to share passwords amongst your team.  If you’re a team with employees rather than just co-founders, there may be a risk in sharing a spreadsheet filled with all of your important passwords. If there is a great element of trust on your team it can just be cumbersome and inconvenient.

Well a Baltimore startup called, TeamPassword (see how easy that is to remember) has come up with a way to share passwords across your teammates and keep them safe and secure.

We got a chance to talk with Alex Zaremba about TeamPassword. Check out our interview below.

serious

What does your company do?

We do collaborative password management, for teams that need to share and manage passwords in their company. Think 1password with sharing. Our mission is to replace that shared excel spreadsheet companies use to keep track of their accounts.

Who are the founders, and what are their backgrounds?

TeamPassword was founded by a group of friends with decades of combined tech experience. Their combined experience covers every facet of product development, including deep experience with product design, programming, UI and UX, Marketing, Sales, and operations.

Where are you based?

Sunny Baltimore MD.

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

It might be surprising, but Baltimore has a great community for start-ups. Since I’ve been on the scene, I’ve seen a huge growth in the number of institutions and programs focused on fostering and accelerating entrepreneurship. Additional, we have a great technology community with a huge Ruby on Rails and Javascript meetups, which is a huge advantage when it comes time to scale our team.

What problem do you solve?

We solve the password management and sharing issues for Companies, which really has two components: Productivity and Security.

Right now, the prevailing method of managing passwords is a spreadsheet, shared some way with all the employees on a need to know basis. There are a number of problems with this:

1) It’s really inconvenient to get to and update, which means

2) It’s usually out of date

3) There’s no great way to segment the data; meaning your marketing team sees your server credentials, and

4) If this document got into the wrong hands, or, leaves with a disgruntled employee, you’re in trouble.

Here’s how we solve these problems: when users interact with TeamPassword through their Chrome extension, they have instant access to the accounts that are shared with them, and only the accounts shared with them. They can fill the username and password directly into the password, making getting into the accounts they need to do their job easy. Additionally, since users don’t need to remember the password, you can use a long, secure, randomized string.

Why now?

Why not? If TeamPassword would have been around while I was working at my past 3 companies, I would have been the first in line to get signed up. Having a great shared password solution mirrors the trend in software being replaced by the web: servers, error tracking, social media, banking, invoicing, and all important business operations are handled online. Companies have great systems to manage finances, employees, paperwork, so it’s about time we have a system to manage the information that protects everything we do.

One piece of enabling technology is the proliferation of Javascript frameworks—all of the tricky encryption we do at the user level would of been really hard to do even a year or two ago, we’re riding the wave of pushing more intelligence to the browser.

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

We launched at a Startup Weekend late last year, incorporated in January of this year, powered through our alpha, and just recently launched into open beta. We now have dozens of customers, growing daily.

What are your next milestones?

We’re working on increasing our user base by a large factor over the next few months, and we also have some very cool, top secret technology in the works that we think people will get excited about.

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

TeamPassword.com and @teampassword are the places to go.

Now check out: Here’s how NOT to pitch nibletz, or any other site for that matter.

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Here Are The 48 Finalists For The 2nd Annual Silicon Prairie Awards

SPN, Silicon Prairie Awards, Dave Knox, Nebraska StartupsSilicon Prairie News is preparing for their 2nd annual Silicon Prairire Awards, celebrating the startups, entrepreneurs, and achievements across the Silicon Prairie region.

There are 48 finalists in categories including Startup of The Year, New Startup Of The Year, Innovation Of The Year, Mobile App Of The Year, Executive Of The Year, Designer Of The Year, Student Entrepreneur of The  Year, Investor Of The Year, Service Provider Of The Year, Silicon Prairie Champion, and Silcon Prairie Ambassador. The finalists will be narrowed down to 12 award winners and revealed on August 29th.

The awards ceremony will take place at Hoyt Sherman Place in Des Moines, Iowa, with a keynote by Brandery co-founder and CMO at Rockfish (and eecincinnati.com speaker) Dave Knox.

Here are the finalists from SPN.

Startup of the Year

The startup everyone was talking about. The one that made marked progress toward solidifying its success, having an all-around banner year.

New Startup of the Year

The new kid on the block that quickly made a name for itself, and for good reason.

Innovation of the Year

This product prototype, release, or advancement made people look twice because it broke a mold, introduced a new way to solve a problem, or challenged a status quo.

Mobile App of the Year

This app featured a notable design and user interface, broke the mold for what we’d expect from a mobile app or reached a high number of downloads.

Executive of the Year

This C-level executive, president or founder led a startup to the next stage, hit milestones and overcame odds.

Technologist of the Year

This team member, freelancer, or consultant made a significant contribution toward development of a startup’s product.

Designer of the Year

This team member, freelancer, or consultant made a mark on a startup’s product by providing an amazing user experience or beautiful design.

Student Entrepreneur of the Year

This student or group of students—college undergraduate or younger—built a notable business, launched a praise-worthy app or created an impactful entrepreneurial initiative.

Investor of the Year

More than funding, this investor provided the all-around package, being a connector and champion of their portfolio startups.

Service Provider of the Year

This lawyer, accountant, marketer or other service provider made things happen for startups, simple as that.

Silicon Prairie Champion

An individual, company or organization that selflessly gave their time, resources or expertise to advance the Silicon Prairie community.

Silicon Prairie Ambassador

An individual from the region who has moved away but continues to advocate on behalf of the Silicon Prairie community.

Go vote here.

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Kauffman Foundation’s 1 Millon Cups Heads To Georgetown, Delaware

1 million cups, Delaware, Kauffman Foundation, startups, startup events

The Wednesday morning coffee and networking event called 1 Million Cups, created by the Kauffman Foundation, has added its 10th location and its first northeastern city. It’s not New York, Providence, or Boston. Instead, the latest community to join the 1 Million Cups family is on the Georgetown, Delaware, campus of Delaware Technical Community College. Georgetown, Delaware, sits about 20 miles from the Delaware and Maryland beach resorts.

1 Million Cups began in April 2012 in Kansas City, the hometown of its founding organization, the Ewing Marion Kauffman Foundation. Kauffman Labs is a program of the Kauffman Foundation.

With its launch on the campus of Delaware Technical Community College in Georgetown, 1Million Cups is on target to expand its network to 20 cities by the end of 2013. Program leaders also plan to have at least one international city in the mix this year.

“We are thrilled to welcome Delaware entrepreneurs to the 1 Million Cups family,” Thom Ruhe, vice president of entrepreneurship at the Kauffman Foundation said in a statement. “Georgetown represents not only our 10th city overall, but it is our first Northeastern community and the first time 1 Million Cups has partnered with a community college. We expect to learn things in this new environment that can be applied as we continue to introduce the program to ever more diverse audiences and locales.”

The 1 Million Cups model is consistent in every market. Every Wednesday morning in each city, two early-stage startups present their companies to a diverse audience of mentors, advisers, and other entrepreneurs. Each founder presents for six minutes and then fields audience questions for another 20 minutes. The program is run entirely by local entrepreneurs who serve as community organizers.

Entrepreneurs, innovators, and interested community members from Georgetown and the surrounding region will meet at 9 a.m. each Wednesday at Java 101 in the Student Service Center on Delaware Technical Community College’s Jack F. Owens Campus. The college also hopes to attract attendees from its other two campuses in the state. The first week’s presenters will be Lead Your Way Solutions, a leadership and organizational development startup, and fast-casual restaurant go brit! fish + chips.

“We’re extremely pleased to be partnering with the Kauffman Foundation to bring 1 Million Cups to the College and to the citizens of Delaware,” said Dr. Orlando J. George Jr., president of Delaware Tech. “We look forward to hosting this very exceptional program at all of our campuses to support entrepreneurs statewide.”

Georgetown joins Kansas City; Des Moines, Iowa; Houston; St. Louis; Cedar Rapids/Iowa City, Iowa; Reno, Nev.; Chattanooga, Tenn.; Denver; and Chapel Hill/Research Triangle Park, N.C., in offering 1 Million Cups locally. Additional cities slated to launch 1 Million Cups in the next two months are Columbia, Mo.; Lawrence, Kan.; Orlando, Fla.; and San Diego.

1 million cups is great for startups everywhere else, so is this.

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Angie’s List Acquires Denver Startup BrightNest

BrightNest, Denver startup, Angie's List, Indiana startup

On Friday it was announced that Indiana-based Angie’s list, the worlds largest referral startup, has acquired Denver startup BrightNest.

BrightNest was founded in 2011 in Denver’s River North Arts District.  The startup is a community-based platform centered around homeowners. They offer tips, tools, and ideas that they say will “shape up your home and simplify your life.”

While Angie’s List is a great place to find a handyman to change a door, over the years their offerings have evolved to include contractors, carpenters, and other service people who can help complete long renovation projects and bigger home improvements.

With  BrightNest incorporated into the Angie’s List site, home owners will be able to get suggestions for projects and then find the people they need to work on the projects.

“The only way to transform the local services industry is to solve real problems in a bigger, better, and new way,” Angie’s List Chief Executive Officer Bill Oesterle said in a statement. “With two million members and more than 18 years in this space, no one has better data on local service providers than Angie’s List. BrightNest adds a user-friendly front end and personalized member experience to our marketplace platform which is built on rules, tools and transparency.”

Angie’s List also announced the national rollout of its new communication and scheduling tools. In the second quarter, Angie’s List processed more than 116,000 transactions on its marketplace platform. This represents a tiny fraction of the total transactions that flow through Angie’s List. “We’ve been quietly transforming the way local service is transacted, and we are now in a position to scale it. We will put the platform everywhere our members want it to be, including web, mobile ,and call center,” said Oesterle.

In the new marketplace, Angie’s List can monitor and evaluate each transaction as it progresses through to completion. “If a transaction gets stuck at any point, we are going to step in and fix it,” said Oesterle. “We have the critical mass and the relationships with local service providers that allow us to change service outcomes.”

BrightNest Co-Founder and Chief Executive Officer Justin Anthony echoed Oesterle’s statement. “We’re excited to join a trusted brand and help facilitate the solution to make it even easier to hire local service providers. Our tools and interactive content allow us to tailor a custom experience for every member because no two homes and no two homeowners are exactly alike.”

Under the terms of the acquisition agreement, Angie’s List acquired basically all of the assets of BrightNest for $2.65 million in cash. The cash value included $2.15 million at closing and $0.5 million payable at the one-year anniversary of closing, subject to certain performance criteria. Angie’s List funded the acquisition with existing cash. In addition, Angie’s List will grant options to purchase $3.65 million of Angie’s List common stock to the members of the BrightNest team, all of whom have been retained by Angie’s List. The transaction closed on August 2, 2013.

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David Cohen Names Fellow Techstars CoFounder David Brown President

Techstars-logoTechstars Boulder graduated their Summer 2013 class last week. Boulder is the original Techstars program and home to the organization’s headquarters which also includes the Global Accelerator Network.

Techstars was originally founded by David Cohen, Brad Feld, Congressman Jared Polis, and David Brown. David Cohen moved into a day-to-day operational role with Techstars. The others were instrumental in the organization’s development but also had other things they were working on.

Since 2006, Techstars has grown into a global organization that in some eyes represents the best of the best in startup accelerators. In this year alone, Techstars announced a new Austin program, took over Excelerate Labs in Chicago, and Springboard in London, bringing the total amount of global locations to seven.

As Techstars continued to expand globally, it became obvious it was time  for the team to add another member to its day-to-day executive staff. They looked no further than cofounder David Brown. Brown will serve as Techstars President while David Cohen will continue as CEO.  As one of the original cofounders Brown is no stranger to Techstars and definitely no stranger to David Cohen. Xconomy reports that Brown and Cohen founded two companies together in their 20’s before coming back together to found Techstars with Feld and Polis.

“I’m the brand new guy…but I really am an old guy,” Brown said. “I was around at the beginning, and I got to see the first couple Boulder programs get off the ground. I faded away a little bit, I had a different gig, and I’ve been out of the program a little bit for the last three or four years. To come back here and see the quality of the teams and the presentations, to be in the office and meet the managing directors from all the different cities…has been amazing.”

All four Techstars founders were on hand for the Thursday event where Brown was announced as President. Polis also took the stage to talk about immigration reform and its role in the world of startups. Polis has been representing Boulder in Congress since 2008.

With the announcement of a new president, Techstars will be looking to continue to its growth and become the premiere global accelerator.

Here’s more of our Techstars Coverage.

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Founder Spotlight: Ryan Frankel CEO & Co-Founder VerbalizeIt

Ryan Frankel, VerbalizeIt, Pennsylvania startup, YEC
Ryan Frankel is the CEO and Co-Founder of VerbalizeIt, the company that delivers instant access to a global community of translators. Ryan received his MBA from The Wharton School of the University of Pennsylvania in 2012 and a Bachelors of Arts degree from Haverford College in 2006. Ryan is a 2012 TechStars alumnus, former private equity investor for Goldman Sachs and an endurance athletics enthusiast. Follow him @rvfrankel.

Who is your hero? 

My dad, hands down.

What’s the single best piece of business advice that helped shape who you are as an entrepreneur today, and why?

Surround yourself with people who are smarter than you. If you find yourself at the top of the intelligence chain at your company, you’ve done something wrong. In creating a team of intelligent and driven individuals, encourage healthy debate. Disagreement is a good thing, and many times, it’s the best of things in plowing the right path forward. Encourage people to air their opinions and take a stance, even if it’s against the broader consensus.

What’s the biggest mistake you ever made in your business, and what did you learn from it that others can learn from too?

The biggest mistake has been spreading myself and our team too thin by chasing after too many different opportunities. One of the best pieces of advice I have received is that the worst word in any entrepreneur’s vocabulary is “and.” As in, “We’re focused on X, and Y, and Z ….” Be laser focused and avoid becoming a mile wide and only an inch deep.

What do you do during the first hour of your business day and why?

I scroll through all of my emails and pick the highest value emails to respond to first. It’s my own 80:20 rule and it helps me focus on the most important outcomes. I also don’t neglect or push back emails to family and friends. When I first launched my business, family and friends naturally took a back seat and I have since re-prioritized my time to make time for those who support me beyond by business.

What’s your best financial/cash-flow related tip for entrepreneurs just getting started? 

There’s a fine line between (a) being so scrappy that you miss out on the right opportunities or are not able to hire the best talent and (b) being ineffective or inconsiderate with cash management. As a naturally scrappy person, I have found myself in situations where being pennywise and pound-foolish has detracted more value than it has saved me capital. I make a conscious effort to remain mindful of our cash position but cognizant of how my naturally scrappy personality can be an impediment to meeting business objectives.

Quick: What’s ONE thing you recommend ALL aspiring or current entrepreneurs do right now to take their biz to the next level?

Find someone who will absolutely rip your vision apart and engage them in a constructive debate. Even if 95 percent of their feedback is off base, you’re bound to find some real pearls of wisdom in there. Accelerate success and failure by pushing yourself outside of your preconceived notions of the right approach.

What’s your definition of success? How will you know when you’ve finally “succeeded” in your business?

Success for me is encapsulated in both personal and professional achievements. Finding personal satisfaction and enjoyment in my work and ensuring that I’m enjoying the journey and not just focused on the destination is important to me. I know I have a penchant for being too focused on the end result. Professionally, setting and achieving specific goals for revenue, market share and brand awareness is how I evaluate when I’ve finally “succeeded.” I constantly revisit these goals and our relative progress.

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

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How To Nail Your Next VC Pitch

Tony Monteleone, Indiana startup, startup grind, nailing VC pitchIt doesn’t matter how world changing your idea is; if you need money to make it happen, but ruin your opportunities in front of potential venture capitalists, it’s not going to make it off the ground. Venture capitalists are a unique bunch and pitching to them requires a unique strategy. There are four main categories that you need to perfect in order to really nail it, and a few things to note in each one.

The Prep Work

Before you ever step foot in the room to give your pitch, you’ve got plenty of homework to do. Knowing your audience is a key component of nailing a pitch. If you’re pitching to a VC firm, know who they are and what they’ve invested in previously. If you’re working with an angel investor, know who that person is and what he or she does.

Remember, not all money is good money. You’re interviewing the VC as much as they’re interviewing you. Come prepared with questions. A seasoned investor will be able to bring more to provide you with industry knowledge, introductions, and connections. Don’t just take money to take money.

Opening Statement

When you’re putting together your presentation, it shouldn’t be any more than eight slides. Avoid using tools like Prezi—investors are going to jump into your pitch with questions whenever they want, and you may have to skip quickly to another slide to make a point that you planned to make later. Make it easy on yourself by using a presentation tool like keynote or PowerPoint, which has more flexibility.

Your opening statement should convey your idea in two sentences or less, just like an elevator pitch. This is your first and biggest opportunity to say everything you need to without confusing anyone. Being clear, precise, and simple can’t be overstated. There’s no reason to overcomplicate the issue in your opener, or for that matter, anywhere else in your presentation.

After your opening statement, tell a story that helps your audience understand the problem you’re trying to solve. Get creative, and make them feel the pain of the problem. The rest of your pitch will show how you plan to solve it.

If you don’t have a clue where to start for your statement, there are tools out there to help. Harvard Business School created an elevator pitch builder that walks you through a simple and easy method for building a pitch. Founder Institute developed a MadLibs method for developing your pitch. These are two of the best resources available for getting a solid start.

The Team

Frequently, a VC may not be investing in your idea as much as in your team. Highlight the team in your presentation by showing the kind of things they bring to the table, and show what makes them unique. Frequently, a good team can take a mediocre idea and do incredible things with it. At the same time, a weak team can completely ruin a great idea. Show them why your team wins.

The Context

There are five primary points that need to be covered in your pitch presentation.

  1. The idea. This is your opportunity to elaborate more on the opening statement and discuss the idea behind what you’re trying to do.
  2. Your solutions. Why is your solution best, and why is it going to work now?
  3. Traction and validation. If you have a product already built, talk about customers or conversations with experts. Anything that will validate the need or want for the product is key in showcasing your idea. You have to have proof that you’ve done your research and development. If you’ve made a single dollar doing this, make note of it. This is also your opportunity to be honest with them. If you have a weakness (and you do), bring it up. Whether it’s the team, industry, or lack of money, point it out before an investor does.
  4. The future. How will your idea change the industry? Focus on the positive changes here.
  5. What you need. You’re in front of VCs for a reason. They don’t know what’s in your mind. Come right out and ask for exactly what you need. That isn’t just how much you need, though. Talk about what the deal structure looks like. It’s always good to talk with a startup attorney before pitching. They’ll help put together a deal structure among other things.

Cover these topics, and you’ll nail the VC pitch. Make your points quickly, and don’t get frazzled. Remove any buzzwords from your presentation entirely, and don’t take yourself too seriously. And limit name-dropping. Just because you hung out with Mark Cuban at the Super Bowl doesn’t mean they’ll invest in your idea. Have fun, be passionate, and bring it home.

Tony Monteleone(@StartupTonyis a serial entrepreneur and does Business Development for PERQ, a measured marketing software and services company that specializes in increasing online and in store traffic for businesses. He also serves as the Indianapolis Chapter Director for Startup Grind.

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4 Early Bird Startup Village Booths Left For Everywhere Else Cincinnati

EE Cincinnati, Everywhere Else Cincinnati, Startup Conference, Startup event, Startup Convention, Startup Village

UPDATE: 8/12/2013 Only 4 startup village booths left at the early bird discount rate.

Everywhere Else Cincinnati is less than two months away. When we announced the conference last week, we offered the first 30 startup village booths at an early bird discount rate of just $495. That rate includes three attendee tickets, booth space, a pitch contest, and more.

The Startup Village at Everywhere Else Cincinnati is a great place to get your startup huge exposure. VC and angel firms from across the country will be in attendance at the conference including Fortify Ventures, DVP, CincyTech, Elevate Ventures, DFJ and many more. Also, the Brandery demo day is on October 2nd, and a lot of investors will already be in town for that.

The Everywhere Else conference series gives startups from across the country and around the world access to top tier conference content, networking, and education, even on the most bootstrapped of budgets.

We’re still not finished announcing speakers for this big national conference. Speakers already committed include:

  • Naithan Jones, Founder agLocal
  • Andrew Warner, Founder Mixergy
  • Andy Sparks, Co-Founder Mattermark (backed by NEA and a16z)
  • Wil Schroter, Mr. Ohio, founder of Fundable
  • Jake Stutzman, founder evlevate.co
  • Jonathon Perrelli, Managing Director, Fortify Ventures
  • Justin Gutwein, Filmmaker and Entrepreneur startupland.tv
  • Mark Hasebroock, Founder Dundee Venture Capital
  • Jason Healy, Founder, Blu
  • John Bracken, Founder e-vite and Speek
  • Dave Knox, CMO Rockfish, co-founder, Brandery
  • Patrick Woods, Managing Director a>m ventures
  • Sarah Ware, Founder Markerly
  • John T. Meyer, Founder lemon.ly
  • Raghu Betina, Managing Patner, The Starter League
  • Ryan O’Connell, VP Influence & Company
  • Blake Miller, Managing Director, Think Big Accelerator
  • Michael Bergman, Founder Repp.

We are going to close out the discount this week. The first 30 startups in the village will get the best booth placement and a featured spot in the startup village guide.

If your startup is currently in an accelerator or accelerator alumni, there’s a good chance that your accelerator has a discount code. If not, the remaining 8 4 early bird Startup Village booths are discounted an additional 10% by clicking here. 

We’ll see you in Cincinnati at the end of September.

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7 Easy Ways to Improve the Way Your Startup Works

Startup Tips, Guest Post, YECAt my last 9-to-5 job, every time I thought differently from my supervisors and managers about a problem we faced, I wrote down what bothered me and how I would do it differently given the opportunity. Before long, I had a huge spiral notebook filled with ideas. I realized that all these “negatives” were actually opportunities for better leadership. And I brought many of those ideas to the company I now co-own.

You can do the same. Whether you are working in an executive position, just striking out on the entrepreneurship path, or you have already started a business, consider the following seven ideas for taking your business (and company culture) to the next level:

  1. Location. Location. Location! (Did I mention location?) You are paying rent already, or your bosses are, so make it money well-spent and get on a prime street with high traffic. Bright signs near a freeway let everyone know you are there. If you only need a small office suite, make sure you can have your name on a sign outside the building so you are getting the exposure.
  2. Hire slowly; fire quickly. This is a big one for entrepreneurs and business owners. Let me repeat it: Hire slowly. Fire quickly. You might be in a rush to fill a vacant spot or add a new position, but it takes more time (and money, and stress) to train the wrong person and fix their mess than it does to hire the right person in the first place. A bad hire brings down the entire company. Their effect is felt by all employees. The phrase I use time and time again is: “You never miss someone after you have let them go. You only wish you had let them go sooner.”
  3. Inspire, develop and lead by example. Your employees are vital to your success — and payroll is also the highest cost in a company. At Star Staffing, it is our employees that make us the reputable firm we are today. Inspire your employees to be the best, motivate them, and help them grow. Make sure to provide continuing education too. Whether you send them offsite to conferences and training seminars, or offer an internal learning website or trainer, it’s important for your team members to strengthen skills and gain industry knowledge. It is up to you to make sure that they are given the right tools and resources to do their job efficiently.
  4. Have fun, but keep it real. If it moves, measure it. Track activities that lead to results. I’m a true believer that activities done correctly and continuously lead to results. For instance, in sales, it takes an average of eight times to break into a new client. You need to see that company or person eight times before you can even begin to think you have a chance. If you continuously see that client week by week, you should gain real traction, and that will lead to a potential new client. Another great reason to track everything is that you can see how your company operates overall: what’s working, what’s not working, and what’s needed when hiring (see #2).
  5. Operate with integrity. You will be faced with challenges to your integrity and to your company’s integrity; do not let money or greed get in the way. Your reputation counts on it. At Star, we always operate with ethics and integrity.  Even when it costs us, we tell our clients the truth — and that’s why we have high loyalty and retention rates.
  6. Strive for excellence in everything you do. From answering phones to handling collections, every task can be improved to give your client that “WOW” feeling. How do your processes look? Are your clients hanging up the phone feeling like they just dealt with the most amazing company or the opposite? We try to make every client and employee feel appreciated, valued, and taken care of. It’s important to look at every operation of your company’s front line. Are you striving to be the best in every aspect, even the smallest of tasks?
  7. Be different than your competitors. What sets you apart from your competitors? The answer is YOU, and your people. Embrace this, and take it all the way to the bank. The main reason I chose to leave a comfortable paycheck was to do things differently, and now that I am co-owner of Star Staffing, we continue to live that philosophy. We operate 24/7, and I visit clients on a regular basis as the main sales representative. That’s right — who better to sell than the owner of a company? Half my new clients had never met their prior staffing firms’ business owner — yet they deal with me on a daily basis, cell phone number and all. I heard a great quote recently from “Good to Great” by Jim Collins: “Put your best people on the biggest opportunities, not the biggest problems.”  Too many owners and executives sit in an office all day submerged in paperwork. I spend my prime hours (9 a.m. – 3 p.m.) in front of clients and employees. After all, they’re people that make my company the industry leader it is today.

Nicole Smartt is the Vice President and co-owner of Star Staffing. She was recently awarded the Forty Under 40 award, recognizing business leaders under the age of 40. In addition, Nicole co-founded the Petaluma Young Professionals Network, an organization dedicated to helping young professionals strive in the business world. Nicole can be found on twitter; @StaffingqueenN.

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

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SellingThe Parents, Richard Branson & Acquisition: Bad Ass Startup Chick Stacey Ferreira Tells Her Story

Stacey Ferreira, MySocialCloud, Bad Ass Startup Chick, GigTank

Stacey Ferreira is a bad ass startup chick, and quite frankly has one of the most bad ass stories we’ve ever heard. That story starts when she was a student at an all girls Catholic high school in Phoenix, Arizona. When you hear about entrepreneurs starting out as developers in high school, a lot of times those stories are about boys.

Well Ferreira was lonely and missing all of her public school friends who were about 40 miles away. Looking for something to do to pass the time she turned to her brother Scott. He had just begun teaching himself how to program, so the two of them decided they would learn how to become game developers.

Through the rest of her time in high school, Ferreira spent her free time creating and developing different projects with her brother. Then the time came to graduate high school and their parents insisted that they had just one more summer left before they had to go get real internships like everyone else. The Ferreira siblings decided to go all in and move to Los Angeles to build out one of the projects that they had worked on in high school. That project became MySocialCloud.

During that summer Richard Branson held a fundraiser contest of sorts that said if you could donate $2,000 to his charity you could have cocktails with Branson in Miami. Stacey wasn’t even old enough to drink, but quickly realized the value in spending time with Branson. Oh, the other problem was they didn’t have the money. To make matters worse, when they called and talked with someone in Branson’s office they discovered the two of them would need $4,000 not $2000.

Scott and Stacey now had the daunting task of selling their dad on getting a loan. Dad wanted a business plan, Stacey told the standing room-only crowd at a startup event Tuesday in Chattanooga. So she and Scott developed a business plan. Almost reluctantly their dad said yes, but they had to return the money in 3 months.

That ended up not being too tough because that meeting in Miami ended up with a million dollar investment.

Stacey, who is also involved with the Young Entrepreneur’s Council, told her story during FireSide Talks, which featured Thiel Fellows and other entrepreneurs 20 and under. Stacey talked about her entrepreneurial journey from that private school in Arizona, to living in almost the slums of Los Angeles, meeting Branson, getting $1 million dollar investment, and eventually getting acquired. Oh, and that was in less than two years.

Watch Stacey tell her own story:

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DC Startup Bracketeers Engages Customers With March Madness All Year Long

Bracketeers, DC startup, startup interviewContesting is one of the best ways to enhance customer engagement. People love to win prizes and are typically willing to give up their contact information and other data to get something free. The problem with this is that after the contest is over, the engagement is over as well.

Facebook and Twitter may seem like excellent forms of engagement, but they have one big drawback. The problem with engaging on these social media platforms is that you’re sending customers to other websites instead of keeping them engaged on your site. Social media is an amazing source of engagement, but there is risk that you could lose your audience.

Well DC-based serial entrepreneur Craig Zingerline, one of the cofounders of Barrel of Jobs, has launched a new startup called Bracketeers. They offer longer tail engaging contests, typically tournament style like March Madness. The goal: keep the customer engaged and coming back.

“All businesses want hardy, exciting relationships with customers and more potential to reach new ones. However, engagement and list building is challenging and costly. Existing social marketing and contest platforms are expensive – often starting over $5k/month – and businesses are at the same time sending users out to Facebook when they could be keeping them on their own websites. We provide a cost-effective, easy-to-use, and FUN way to enhance customer relationships,” Zingerline told us in an interview.

In addition to providing customers with a fun and engaging way to improve a customer relationship, the user, or  brand is getting valuable data from the experience itself.

We got a chance to talk with Zngerline about Bracketeers. Check out the interview below.

bracketeersscreenWhat is your startup called?

Bracketeers

What does your company do?

Bracketeers is a SaaS web-based platform for connecting companies & brands to consumers through voting and list contests. We offer “March Madness” style tournament Prediction & Voting Brackets as well as matchup based voting. Our clients grow their audience and marketing list with high engagement contest tools, and have more fun while spending less money doing so.

Who are the founders, and what are their backgrounds?

Craig Zingerline, Co-founder & CEO – Craig is a 15 year veteran of web technology and brings deep team building, product development and strategy to the team. Craig provides pragmatic leadership and direction to the company and started developing web-based applications while in college. He has been both founder and executive of multiple startups, and has also worked for and consulted with dozens of small to large firms. Craig earned his Bachelor of Science in Information Management and Technology from Syracuse University.

Stephen Phillips, Co-founder & CTO – Stephen’s career has spanned close to 20 years, building enterprise applications in a myriad of technologies for major brands. During that time he has held the role of CTO, Technical Architect, Consultant, Senior Software Engineer, and business owner. Prior to founding Bracketeers, Stephen held the role of Technical Architect for Accenture, one of the world’s largest consulting firms, working with major brands like Google, Motorola, Godiva, and Taylormade-Adidas-Ashworth. Prior to this, he founded Cardiff Creative, an interactive consulting firm, building an impressive portfolio of premier life science companies.

Where are you based?

We’re based in Washington, DC and San Diego, CA.

Why now?

We are the only company offering prediction & voting bracket contests that we know of. Our platform is getting great input from the market, and with all of the high profile enterprise acquisitions of social contest tools (i.e. Wildfire acquired by Google) there is an opportunity in the lower cost SMB segment to reach a huge number of clients who have been priced out of other platforms.

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

We have multiple paying clients now, including monthly and yearly subscriptions and are just getting started! Our system has collected tens of thousands of leads for our clients, and we’ve seen over 1.6 million votes tallied so far.

What are your next milestones?

We’re looking to raise a seed round to continue building our team, refining our product, and ramping up marketing and sales efforts – we’ve been growing solely on word of mouth so far.

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

People can follow our updates at www.bracketeers.com. We’re on twitter @bracketeers and facebook

Bracketeers will be in the Startup Vilage at this huge startup conference.

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Startup Accelerators: The Hard Advice

GigTank, Mira Designs, Sisasa, TidBit, startups, accelerators

(Lawrence Yu CoFounder of Mira Designs. Photo NMI 2013)

Startup accelerators are great,] because they give young growing startups capital, access to resources, mentors, and hopefully investors. But they aren’t always rosy. In fact, if all your days in an accelerator program are rosy, then you need to run like hell from that accelerator program.

On our sneaker-strapped startup road trip, we’ve had the privilege of meeting several startups in mid session. We’ve seen startup founders cry, scream, cuss, even break things, typically right before they have that “aha moment”.  What we normally find is that the hardest piece of advice, and usually the “ugly baby” moment, is very early on in the accelerator. In fact most accelerators engineer an activity on day one or two where mentors, advisors, or even media members are invited in to tear an idea to shreds.

We got a chance to talk with Lawrence Yu, cofounder of Mira Designs, Alejandro Dinsmore, cofounder of Sisasa, and Sam Bowden, founder and CEO of TidBit. All three startups graduated from the GigTank accelerator in Chattanooga, Tennessee, on Tuesday afternoon.

For Yu, the hardest advice came as an eye opening experience that they weren’t the only startup trying to fix offline retail with online components. The team at Mira Designs needed to make sure that they were clearly differentiating themselves from the competition and they needed to do it in a big way.

For both Bowen and Dinsmore, their harshest advice was an ugly baby moment that for both startups meant a pivot. Sisasa totally changed course from the idea they came into the accelerator with.  For Bowen it meant going after a different industry, actually an industry he knew more about first hand.  The end result of both of their “ugly baby” moments was what most would call traction.

The video below features all three founders talking about their harshest or most eye opening advice in the GigTank.

Check out the accelerator panel with accelerator heads from across the country at this national startup conference.

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