Mobile Makes It Big In The 3rd Quarter

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By now most of us are aware that the future of the Internet is in mobile. According to the Pew Research Center, 56% of Americans have a cell phone. Well over half of them use their phones to access the Internet, and a full 34% use their phones for Internet access more often than they do a desktop or laptop. Worldwide, it is estimated there are already more than 1 billion smartphones in use, and that number’s growing.

That’s the definition of a big market.

That market explains why mobile had its biggest quarter of fundraising ever. CB Insights is reporting that venture deals to mobile companies passed $1 billion dollars in the third quarter of 2013. Exactly a year ago, in the third quarter of 2012, mobile deals almost hit a billion before seeing a sudden drop in the first quarter of this year. Since then, deal flow rose steadily to the $1.12 billion dollars invested in the last 3 months.

Given the $1 billion dollar sale of Instagram to Facebook, you might expect social or photos to have raised the most money. They did garner 4% and 3% each, which is nothing to sneeze at, with numbers that big. However, the biggest winners this quarter were customer relationship management, business analytics, and mobile payments. These three combined garnered 1/5 of all the deals closed.

Who are the VC’s doling out this money? CB Insights looked at mobile deals for the whole year, and 500 Startups comes out on top as the most active mobile investor with 20 deals closed so far this year. Andreesen Horowitz and Google Ventures round out the top three.

This quarter marks the first time mobile deals surpassed those for healthcare. However, mobile-focused healthcare startups still netted 4% of that $1.12 billion.

Our phones and tablets have already become less like novelty devices and more like sturdy workhorse for our work and personal lives. This quarter may mark the first time VC financing reaches $1 billion, but we’re guessing it won’t be the last.

Read the whole CB Insights report and tell us what you think.

Crowdfunding Goes Feminine

naptimestartups

For every great idea, there are a million verticals, and crowdfunding is no different. Did you know there’s a crowdfunding site specifically for veterans? Are you trying to get a park or sports project funded? There’s one for apps, local communities, and nonprofits.

And now, there’s one for women.

Nap Time Startups is still in early days. CEO Vicki Lemay and her team have only been working on it since March of this year, but they’re already planning a beta launch by December.

So, why do women need a separate crowdfunding platform? Are women not getting  funded over at Kickstarter or Indiegogo? Lemay’s answer is that Nap Time Startups will offer a completely different experience from the industry giants. They aren’t just a “platform.” Instead they are seeking to build an ecosystem of support from crowdfunding coaching to advice on financial models.

“When the women entrepreneurs join our crowdfunding ecosystem of business coaches, crowdfunding donors, affiliate mentors/advisors and potential equity investors, we all have the same goal – to achieve success,” Lemay said in an email.

Nap Time Startups also hopes to help donors and investors see the potential in a company or product, which could mean entrepreneurs move beyond crowdfunding into straight investment.

As a mom, the name Nap Time Startups brings up visions of women working away while the kids nap. I asked Lemay if they were targeting moms in particular.

“After so many women entrepreneurs that were not moms with children at home reached out needing crowdfunding and business coaching, we expanded our outreach and are absolutely focused on all women entrepreneurs,” she answered. “Everyone needs a nap, right?”

With such ambitious goals, the team at Nap Time Startups probably does, but they probably won’t be taking one soon. Lemay and her team hope to have the Beta site ready to go by December 5 and are already signing up future users. They also have to plan for their competition. There are a few other women-only crowdfunding sites out there. Plum Alley operates a site that incorporates an e-commerce site so women can sell their wares on the same platform they use for fundraising. Like Nap Time Startups, Chic CEO also aims to incorporate education and support in their platform. And, of course, there are Kickstarter and Indiegogo.

But, we all know that ideas aren’t the most important thing in startups. Execution is. If Nap Time Startups can launch a great site and have great mentorship, they have a shot at creating a unique ecosystem that lots of women will love.

If that’s you, check out Nap Time Startups and sign up for the beta.

 

Inside the Investor’s Mind (Infographic)

Without a doubt, Funders and Founders is one of the best places to find startup infographics. Anna Vital has some beautiful graphics that are both inspirational and/or educational.

This one caught my eye as I was perusing the site last night. The inner workings of an investor’s mind are often a mystery to first time founders. What exactly do you need to prove to get investment? What is the investor judging you on, as you nervously ask him or her for hundreds of thousands of dollars.

The answer, as this infographic shows, is, “A lot.” There are a million things that go into an investor’s decision to put money into your company. Some things you can control, like the size of your team and the quality of your product. Some things you have no real ability to forecast yet. How many rounds will you need to build your company, and how much will that dilute the original investor’s return?

However, many times the things that are complicated are also simple. What is an investor looking for when he or she is introduced to your company? SoftTech VC Managing Parnter Jeff Clavier summed it up in the “3 Asses Rule”: smart ass team, kick ass product, and big ass market.

Of course, you really can’t know everything an investor is thinking. Even the graphic below is only the thought process of one particular VC. Still, it’s a safe bet that if you’re following the “3 Asses Rule,” it won’t be too hard to raise some capital.

*Infographic from Funders and Founders.

PandoDaily Bets on the South

Sarah Lacy & Gary Swart at Southland 2013

Sarah Lacy & Gary Swart at Southland 2013

 

Just a little while ago, media company PandoDaily announced a new partnership with the Southland conference in Nashville, TN. PandoDaily will provide the programming, and Launch TN, the public/private organization behind the conference, will provide the Southern culture.

I spoke with PandoDaily’s Editor-in-Chief and CEO Sarah Lacy by phone this morning, and it was obvious the Southern girl in her is excited to strike up a partnership in the region.

“I really believe there are some great companies in the South,” she said. “It may not be as dense as the Valley, but there are definitely great companies to be discovered.” (Of course, here at Nibletz we knew that, didn’t we?)

That sentiment plays out in much of Lacy’s career, both with her books and during her time at TechCrunch. Her second book Brilliant, Crazy, Cocky: How the Top 1% of Global Entrepreneurs Profit from Global Chaos was all about discovering entrepreneurs in emerging markets, and her final project at TechCrunch was the historic Disrupt Beijing.

“Some of the companies we saw in China are some of the best companies I’ve seen anywhere,” she stated.

With that discovery in mind, Lacy was eager to talk about some of the innovations the Pando team will be making to the traditional startup competition. We’re all familiar with the endless pitching that happens at tech conferences. There are dozens of companies, but because it has little benefit to the audience, few of them stay to listen, effectively undercutting the most important moment for the startup onstage. There are also strange dynamics when an investor is expected to offer feedback on a company he or she’s had 5 minutes to understand.

At Southland 2013, startups in the competition had to go through a selection process to be chosen. Under PandoDaily’s direction in 2014, that process will be even more rigorous and will result in only 10 companies competing. Conference-goers can sit through 5 pitches a day, right?

To guarantee that, Lacy will also innovate the actual format. Startups are often at a disadvantage during a pitch, because when an investor asks a smart question, it can appear disrespectful or argumentative for the founders to argue a point. However, if they’re quiet, they don’t get to fully defend their company. At Southland 2014, each startup in the pitch contest will have a personal coach in the industry. This person will spend time with the startup and get to know their company. Then, they will join the startup onstage and act as an advocate during the judge’s questions.

There’s nothing more entertaining that 2 experts verbally sparring, am I right?

Lacy was also excited about some of the video and audio they plan to experiment with.

“The best things about conferences happen backstage, and those are stories that don’t get told,” she said.

So, at Southland 2014, there will be cameras rolling backstage to catch some of those stories for the PandoDaily team to use.

I asked Lacy if this signaled a shift in content strategy for them, and if the fundraising rumors were true. Of course, she wouldn’t comment on the fundraising, but it would definitely make sense for them to begin seeking capital from outside of the Valley. Because they’ve raised money from almost everyone in Silicon Valley, they are free from any one investor owning a large portion of the company. As a media company covering these investors, that makes it easier to be less biased in coverage. If they’re beginning to branch out, raising money from the big VC’s everywhere else makes sense for the same reasons.

As far as shifting coverage to outside of the Valley, Lacy kind of shrugged that off, too.

“We aren’t putting reporters on the ground in every region or anything,” she said. “But we do hope to uncover the best startups around the country and connect them with our audience.”

The truth is, the South doesn’t get enough love. We’re often connected with horrible statistics in racism, education, obesity, and poverty. But every Southerner, including Sarah Lacy, knows there’s more to the story. There are amazing companies down South, doing things only a Southern company could do.

And, they’re servin’ it up with a, “Hey, y’all!”

Upstart Graduates 5 New Female-Led Companies

upstartMEMIt seems that everywhere I go, people are talking about women in tech and women in startups. Everyone has an opinion on why it’s hard for women in tech (or IF it’s hard).  Some think the solution comes from changing institutions to accommodate families. Others think women just need to embrace careers and quit being timid.

There are plenty of opinions, but we in the startup world know that execution matters more than theory. Yesterday in Memphis, execution was on display.

The people behind Start Co in Memphis, TN are actually doing something to advance women in tech, and the fruit of that labor was seen in the 5 teams that presented at Upstart’s Demo Day. I talked about Upstart in July, and like most Demo Days, it’s amazing to see how far the companies have come in a few short months.  Of course, it’s still early days for all the companies, and everyone knows the real work begins after Demo Day.

WeddingWorthy.com–WeddingWorthy.com was a late addition to Upstart cohort, but when leaders saw how serious founder Tameesah Desangles was about her business, they felt she’d earned a place at Demo Day. Desangles’ company is a visual shopping platform for brides and their bridesmaids. There are thousands of things to buy for a wedding, and with 25 retailers on board, there are plenty of options.

Artwardly–Leni Stoeva changed her business model quite a bit during the accelerator, but the final product is an art-leasing platform that connects high-end art and individuals and businesses. No more Fortune 500 companies with Aunt Ida’s black and whites in the lobby. With her connections in the art world, and some great developers building the platform, Stoeva is on pace to change the way collectors, businesses, and even museums source their art.

GemPhones–We’ve written about GemPhones before, and founder Kelli Meade is still going strong. GemPhones is electronic jewelry, combining the function of earphones with the style of necklaces. Lots of people flaunted their GemPhones at the after parties, and it’s really impressive how many styles are already available.

Stylecrook–A native of Bermuda, founder Zakkiyah Daniels came all the way from Thailand to participate in the Upstars accelerator. Stylecrook is a social shopping site that allows you to receive discounts when you enlist your friends to help you pick out clothes. Let’s face it, that’s how most women shop best anyway. Stylecrook is now making it digital.

Kids360Now–Audrey Jones started her presentation with a sobering story about children harmed at a day care and taken to a hospital, but because their parents contact information was inaccessible, the parents didn’t find out until pick up time. Kids360Now solves that problem by putting the information into the parents’ hands, and allowing them to grant access when needed. A daycare administrator can simply open an app on her phone in the even of emergency, rather than trying to reach a file cabinet.

The women of the first Upstart cohort made big strides in the 3 months of accelerator life. We at Nibletz are cheering them on as they continue to grow and develop their companies.

 

 

UberConference Could Save Your Startup On Conference Calls

UberConference, Startup Tips, startups, conference callingThere’s a reason that UberConference won the TechCrunch Disrupt NY 2012 Battlefield, and continues to win awards today, like theInternet Telephony Excellence Award. It’s because they’re out to save their users money and headaches that often times come with conference calls.

Conference calls have often been the brunt of true frustration. Until recently conference calls meant dialing into a long, strange, and sometimes long distance number. Then you had to dial an equally as long passcode. This could be a pain sitting at your desk but even more of a pain when you’re mobile.

Another big pain point for people that require a regular amount of conference calls is sound quality. By the time the 3rd or 4th person enters the call it’s like you’re talking in a tunnel. With UberConference you get the benefit of HD audio calls from anywhere on the internet.

UberConference has put together a core feature set wrapped around a visual dashboard that makes conference calling a breeze. So much in fact  that lawyers are raving about it.

UberConference’s core features are free and for just $10 a month you can get UberConference Pro which rounds out a suite of sweet conference calling features.

  • Start a conference without having to enter a PIN
  • Schedule conference in advance
  • Automatically call participants at scheduled time (Pro only)
  • Schedule recurring meetings (Pro only)
  • Get a local phone number (Pro only)
  • Optional web display shows who is currently talking
  • Easily and quickly mute participants one at at time, or by group
  • Participants allowed conference before the organizer shows up
  • Record call easily with one button
  • iPhone and Android apps (free) let you easily start a conference from your phone

Then, after the call UberConference provides you with a report that details who was on the call, the exact times they dialed in, who was on first and who joined the call last.

UberConference allows the first 5 participants free. Then if you connect your social media channels you can get another 10 people on your call and uploading your contacts gives you two more spots for people on your calls.

You can learn more about UberConference by watching the video below.


What I Learned About Entrepreneurship From Running

Last month, I ran a total of 120 kilometers, which included running my personal best in an unexpected half marathon. I spent a lot of time on the road — just me, some music, the sound of my (sometimes ragged) breathing and most importantly, my thoughts.

One of the recurring themes to pop into my head while running in the last month was the similarity between how I was progressing as a runner and how I could potentially apply the same mindset to running my company.

Here’s a list of the things I learned about entrepreneurship from spending time on the road, running:

WORK ONLY WHEN YOU’RE PRODUCTIVE AND FOCUSED.

I used to motivate myself to go running in a very reactive, threatening-kinda way: I would decide to run a half marathon and I would “demand” (of myself) to run specific distances in specific times. This meant that regardless of how I was feeling, I had to meet those requirements.

During my latest stint, I decided that I wasn’t going to set myself the goal of running in a specific half-marathon. Instead, I decided to run just because I loved it.

Sometimes, when I started running I could feel that my body didn’t respond or that I just wasn’t in the mental space to run, so I would cut my run short and went home. On the flip side, sometimes I planned to run 5km but ended up running 10km instead, because I was feeling good. That’s a 2x return when literally doubling down on that good feeling.

Entrepreneurs are guilty of this. We force ourselves to work, even when we’re not being productive. Stop. Get up, do something else that’s not related to work, and when you are in the zone, double down and achieve an insane amount instead.

AVOID BURNOUT.

Earlier this year, I got greedy and for about a week, I pushed myself too hard, aggravating an injury. Instead of just stopping, I kept pushing. The result was that I developed a severe case of shin splints that kept me out of running for two whole months.

As entrepreneurs, we know how to push (hard) and we know how to use adrenaline to fuel us. Burnout is, however, a very real threat that should not be considered lightly. The problem with injury or burnout isn’t the pain; it’s the frustration. Once you’ve injured yourself, there are no more shortcuts; you have to do the time.

So avoid it. Sleep well and try get eight hours of sleep a day. Eat healthily, exercise regularly and immerse your energy into non-work things too. All of this will help maintain your entrepreneurial fitness and ability to be consistently ambitious and driven.

REWARD YOURSELF.

When I eventually recovered, I decided to go for a weekly sports massage to help prevent shin splints. The massages turned into more of a reward, and I balanced the purpose of the massages between getting pampered and doing the preventive work on my muscles. I love this downtime, and it became a big motivating factor for me to run even more.

The same is true with work. For me personally, money isn’t enough of a motivating factor to work hard or do more. What does work is to reward myself with experiences. On the expensive end of the scale, that’s been via travelling as much as I can. On a more regular basis, I reward myself with a bottle of fantastic red wine.

The key is to connect the dots between the work and the experience, knowing that both need to be present to be able to draw that line.

NURTURE CONSISTENCY.

Running every second day has become a routine for me. This consistency is one of the primary drivers behind my ability to run 120km last month; it became a habit, which I could consistently get to.

I’ve seen the same scenario with my inbox. All of us get a boatload of email, and it’s probably the #1 complaint of busy people. But when I’m disciplined and keep my inbox neat and clean consistently, I avoid the problem. As soon as I lose that consistency, it becomes a mess.

As entrepreneur, these little habits are key to helping you consistently get stuff done and move forward. Consistency is your friend.

SHED EXCESS WEIGHT.

Running with excess weight is hard work. Now I’m not obese, but you probably won’t see me on the cover of GQ either. So about six weeks ago I started the Paleo diet, and I’ve since decreased my body fat by 5 percent. It makes running a lot easier.

In business and in work, excess weight can take many different shapes and forms. I used to be very guilty of taking responsibility for things I either didn’t need to do myself or just weren’t important. I was really bad at prioritizing my time. When I focused on only doing the most important things every day, I immediately got more done — and I was happier.

Shed the excess weight on your to-do list; you’ll run easier afterwards.

RUN YOUR OWN RACE.

Whilst running my last race, I realized that we’re always competing. We’re always measuring ourselves against other entrepreneurs and their companies. We read about how they do things, how they manage to be successful and how we should be applying all of those things to our own lives.

Just like you are doing, reading this now.

But this is YOUR life. In every race, you can only run against yourself and try to improve on your personal best. What the other runners and entrepreneurs are doing shouldn’t influence the way you run your own race.

Do things for yourself, be a little selfish every now and again, and most importantly, invest in yourself.

 

Adii Pienaar is the ex-CEO & Founder of WooThemes. He has a passion for helping other entrepreneurs, making new mistakes (of his own) and as such is working on his new startup, PublicBeta. He is also a new dad, ex-rockstar and wannabe angel investor.

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.

The Slow Revolution of Private Equity

Jobs Act, Title III, Crowdentials, Crowdfunding, Cleveland startupBy: Rohan Kusre, COO // Co-Founder, Crowdentials

After months of restless anticipation, there is finally some substantial progress towards the implementation of the JOBS Act. It has been exactly one month since the Title II rules- the ones based around general solicitation- went into effect and the SEC is moving forward with implementing the next portion of the monumental legislation.

Title III, the poster child of the JOBS Act, is focused around the sale of private equities in an open market. It is as groundbreaking for the industry as it is controversial in its own right. There are as many proponents of the crowdfunding bill as there are naysayers and today the SEC discussed the proposed rules that would provide the infrastructure for equity crowdfunding to take place.  Platforms such as EarlyShares have been waiting for these exact rules in order to set in motion their part in facilitating the sale of private securities.

There have been claims that equity crowdfunding will result in a ‘ghetto stock market’ due to the high risk of fraud and the low barrier to entry. There have also been concerns about the cost of properly keeping up with SEC regulations. Currently, an investment group will spend anywhere between $50,000 and $100,000 in due diligence and this begs the question of how such practices will be handled at a smaller scale for investments that will be under $20,000.

Well, where there is a will there is a way. Solutions are already in place for companies wishing to utilize the new legislation as the SEC continues to implement it. Companies like CrowdCheck provide quick and secure diligence reports while companies such as Crowdentials assist with making sure your investor is accredited among various other compliance needs. Sure, the waters of the JOBS Act regulations are currently a bit murky but there is a lot of money to be made within these environments and those that take advantage of it will be handsomely rewarded. So when can those interested to utilize the new legislations expect to be able to do so? This is where it gets a bit tricky.

Title II of the JOBS Act, which went into effect one month ago on September 23rd, and it allows for companies that are making a private security offering to be able to use public advertising in order to get the word out. While the JOBS Act itself was signed on April 5th, 2012, the SEC didn’t release the proposed rules until July 10th of this year. This seems to be an ongoing trend as the SEC has delayed the implementation of the whole act by several months multiple times.

There is hope that this trend will be broken as the SEC held a live webcast today where the commission discussed the rules surrounding equity crowdfunding. Once these rules are posted to the Federal Registrar (this usually only takes a few days), they will be open for comment and the ball will be rolling to get this brand new industry up and running.

With industry experts waiting to pounce on the opportunity to help out investors and entrepreneurs navigate through the dense regulations of the JOBS Act, those on the fence about joining the crowd should feel a sense of assurance in doing so. CrowdCheck, Crowdentials, and several other industry leaders are poised to iron out the wrinkles as more and more people get involved with Title II and Title III of the JOBS Act.

5 Tips On Design From Dave McClüren Swedish Design Genius: More At Warm Gun!

500 Startups, Dave McClure, Warm Gun, Design conference, startups

 

daveswedish1. Design is color. And by color, I mean primary colors, everywhere.

2. Comic sans is so hot right now.

3. Design for conversion, not for aesthetic. So long as it adheres to point #1.

4. When your design induces seizures, you know its good.

5. Designers & startups are like Dolce & Gabbana. Put them together + its magic!

500 Startups is at it again with one of their awesome one day conferences for creatives, startups, and innovators. This time the focus is measurable design. 500 Startup’s Warm Gun conference takes place November 22nd, and you’ll get to enjoy intoxicating amounts of design knowledge from some of the best speakers in the world.

You’ve heard of Tryptophan right? That’s what makes you sleep the day away after Thanksgiving dinner. Well at this 500 startups conference, you’ll experience 500-o-phan, a chemical overdose of 500 awesomeness which will leave you napping the following day. Hence, the reason it’s only a one day conference.

In true 500 Startups fashion they’ve left the pikers on the side and promise only the hottest “gun slingers” and “hot shots”. You won’t find any posers, just people that know what they’re talking about in regards to design. Here’s the lineup so far.

Jared Spool, CoFounder and CEO UIE
Julie Hovarth, Designer, GitHub
Cap Watkins, Product Design Lead, Etsy
Joshua Taylor, Product Designer, Evernote
Andrew Watterson, Designer, Asana
Luke Wroblewski, CEO & Co-Founder, Polar
Carrie Whitehead, Product Manager, Zappos
PJ McCormick, UX Design Lead, Amazon
Joshua Porter, Founder, Hubspot
Marc Hemeon, Senior UX Designer, YouTube
Karen Hanson, VP of Design Innovation, Intuit
Frederico Holgado, Lead UX Developer, MailChimp
Michelle Haag, Director of Design, Ebay
Michael Boeke, Product Manager, BrainTree
Christine Tsai, Partner, 500 Startups
Christen O’Brien, Partner, 500 Startups
Frank Yoo, Mobile Product Lead, Lyft
Drew Domm, Design lead, Sosh
Cesar Salazar, Venture Partner, 500 Startups
Bjorn Jeffery, CEO & Co-Founder, Toca Boca

ROCK THE MIC & WIN 25K INVESTMENT…

500 Startups is looking for startups that use design to dominate – consumer, b2b, they want it all. Are you transforming something mundane or necessary into beauty so stunning that unicorns weep? Are you using design to inform, inspire, and delight your users while watching your conversion multiply? Are you making everyone’s day better, one UX at a time? Apply for the Double Rainbow Double Unicorn Startup Design Award for a chance to rock the mic & score a 25k investment from 500 Startups.

Warm Gun is November 22nd at Hotel Kabuki 1625 Post Street in San Francisco.
You can register here.

And don’t forget about this amazing conference:

 

Introducing: Startup Community Leader Of The Year

Startup Community Leader Of The Year, Startup CommunitiesNibletz, the voice of startups everywhere else wants to know who you think the startup community leader of the year is. Who is driving entrepreneurship, innovation, and change in your community? Who is serving as a catalyst among the people in your community?

Now we love Tony Hsieh and Brad Feld, but they are very well known community leaders who actually speak about community leaders all the time. We want to know the names of the people in your area that we may not know. Is there a person who takes startups under his or her wing and helps them get to the next level?

Is there a startup founder that has taken his or her good fortune and spread it around the startup community?

We are taking nominees from now until November 15th. Just email your pick’s name and up to three paragraphs about why they would be the Startup Community Leader of the Year. On November 15th we will put the top 10 nominees up for a nationwide vote.

The Startup Community Leader of the Year will get a chance to speak at Everywhere Else Tennessee, February 17-19th 2014, free room during the conference at the Sheraton Downtown Memphis thanks to our friends at the Marston Group, and three extra VIP attendee tickets, one for whoever nominated that person and two for the winners friends, relatives or other startup partners.

Start sending your stories and  nominees to community@nibletz.com, and we’ll get the top 10 posted for voting by November 15th.  Remember we’re looking for strong community leaders in your local community and that’s about the only rule. Oh and you can’t nominate yourself.

The address for nominations again is community@nibletz.com. Don’t forget to add up to three paragraphs about why this person is your nominee for Startup Community Leader Of The Year.

Make sure you’ve got your ticket or Startup Avenue booth!

1000s Of Startups & Small Businesses Vying For Super Bowl Commercial Thanks To Intuit

Intuit, Small Business Big Game, Startup Challenge, Super BowlIntuit, the small business leader in financial management solutions, is holding a pretty big contest for small businesses and technology startups.

The contest, which Intuit calls the Intuit Small Business Big Game, kicked off in August when all those interested in entering had to inspire the folks at Intuit and everyday people across the globe. That round narrowed nearly 100,000 entries down to just 10,000.

The remaining 10,000 companies are using their networks, social networks, friends, and families for an upvoting process. Those 10,000 companies are being dwindled down to just 20 which will be revealed on Monday, October 28th.

The next step in the Small Business Big Game Challenge will have Intuit’s 8500 employees and then a judging panel, narrow those 20 companies down to just four.

In November Intuit will reopen voting globally for the world to vote on the final four contestants in the Small Business Big Game. The company with the most votes will be chosen as the winner and receive a professionally produced television commercial to air on the national telecast of the Super Bowl in February.

The Super Bowl commercial will put the winner in front of over 100 million viewers, many who actually watch the game for the commercials. Last year’s Super Bowl fell just shy of the record for the most watched television program in history and was the third highest rated Super Bowl of all time.

You can stay up to date with Intuit’s Small Business Big Game here.

That’s not the only big thing for startups in February check this out.

BetterWalk Leaves Memphis After Accelerator For “Greener Pastures” In Atlanta?

BetterWalk

A basketball injury led three Georgia Tech students to disrupt a 5,000 year old device. Partha Unnava spent a summer on crutches after he broke his ankle playing basketball. While being unable to enjoy the summer because of his bum foot, he also experienced serious under arm discomfort, a pain he found that many who have needed to use crutches also experience.

So like anyone with a stroke of entrepreneurship in their blood, Unnava set out to re-invent crutches. Unnava turned to fellow biomedical engineering students Andrew Varghese and Frankie Swindell.  Better Walk set out to design a more effective crutch that removes force from a crutch user’s underarm area and reduces the amount of direct force through a user’s wrist.

After the three got together they applied to the Memphis based ZeroTo510 accelerator that specializes in medical devices.

In the previous year ZeroTo510 focused a lot on more technological medical devices. This year’s cohort took on not only BetterWalk, but ambulatory assistance device Mobilizer and a new light that allows surgeons better visibility.

Upon getting accepted into the accelerator, Better Walk received $50,000 in seed money. After wowing the crowd at the accelerator’s demo day this past August, Better Walk secured another $100,000 in funding.

Unlike all of the startups in the previous year ZeroTo510 accelerator, Better Walk went back home to Atlanta to continue working on their product.

“In Atlanta, due to the city being larger, the entrepreneurship community is simply larger. Because there is a larger community, there are more people working to promote entrepreneurship such as David Cummings, who, after selling Pardot, created the Atlanta Technology Village, a building filled with startups that creates a collaborative community for growth and learning. ” Unnava told Nibletz in an interview.

“Additionally, Georgia Tech’s biomedical engineering department (which our founding team is a part of) has begun a push to develop its entrepreneurship path with the new chair Ravi Bellamkonda who is helping to provide additional avenues for students interested in entrepreneurship other than the existing Flashpoint program and Venture Lab incubator,” he continued.

While Better Walk chose Atlanta’s thriving startup scene to continue to build, another startup from Atlanta chose the opposite path and has been very successful.

shawnrestoreAtlanta entrepreneur’s Ryan Ramkhelawan and Shawn Flynn started looking for programs and entrepreneurial communities outside of the Atlanta area in late 2011. Without direct ties to Georgia Tech, both gentlemen felt that their startup, Restore Medical, may have better luck in a new area.

The company, which has developed a system to faster, more thoroughly and more efficiently sterilize surgical instruments, was attracted to the growth in the medical device sector across Tennessee and specifically in Memphis. When the inaugural cohort to ZeroTo510 was announced the two quickly applied and were accepted.

During the 2012 Zeroto510 demo day, Flynn revealed that they already had a $3.75M purchase order. Just months later the company announced a $2.5 million dollar seed round from Memphis based investors. They also became the first startup out of the Zeroto510 accelerator to receive their 510 (k) status, which is a fast track to FDA approval for which ZeroTo510 has it’s name.

Restore Medical just opened a manufacturing and distribution facility in Memphis and they already have orders.

“The Memphis community has truly accelerated Restore to where it is today. Zeroto510 was the first accelerator of its kind in country and it takes real commitment to make a program like it successful. Job creation is heavy lifting but all the elements exist here in Memphis to develop a self sustained Eco system that will turn the economic development engine. Restore is glad to be here and is committed to doing its part in shaping a positive economic future,” Flynn told us.

Find out more about Restore Medical here,  Better Walk here and Zeroto510 here.

 

15 Feature Films To Inspire Entrepreneurs

Startup Movies, Entrepreneur Movies, YEC

Name one awesome feature film that showcases entrepreneurship. Even if it’s not completely accurate to the hardships of the startup journey, what about that movie is a true takeaway?

1. Forrest Gump

lawrence watkins“Although it is historical fiction, Forrest Gump is one of my favorite inspirational movies that has entrepreneurial ties. My takeaway is that everyone has challenges that they have to overcome in life, but how you respond to them is what separates the people who succeed from those who don’t. Also, it is important to persevere and take advantage of unique opportunities presented to you.”

 

Lawrence Watkins | Founder & CEO, Great Black Speakers

 

2. Twister

kelly azevedo“I always watch Twister with a sense of awe. Yes, it’s fiction, but the idea that you believe so much in a solution to risk life and limb to get it out there is inspiring. Throughout the film, they continually test and adapt the solution until it finally works. I may not be putting my solution in front of a tornado, but it’s that level of dedication I’m striving towards.”

 

Kelly Azevedo | Founder, She’s Got Systems

3. Coco Before Chanel

nathalie lussier“This movie talks about Coco Chanel and her journey to starting her company. The true takeaway is that you never know what’s going to work in your business, and that sometimes starting with hats will lead to perfume or vice versa. Being uncompromising about your tastes will also lead to having a strong brand.”

 

Nathalie Lussier | Creator, The Website Checkup Tool

 

4. Zoolander

derekflanzraich“Zoolander contains the best entrepreneurship wisdom I know: “What is this? A center for ants?…The building has to be at least … three times bigger than this!” It’s a great lesson in remembering your dreams should be at least three times bigger than what you originally thought – and that they’ll be at least three times as much work!”

 

Derek Flanzraich | CEO and Founder, Greatist

 

5. Dave

aaron schwartz“Dave is a classic Kevin Kline movie where he stands in as the President. As the chief, he needs to lead a massive organization: he has to find his own leadership style, rally a team and make compromises on his vision. The most relevant takeaway: he’s successful specifically because he has an outside opinion. Startup success relies on being open-minded and re-examining the way things are done.”

 

Aaron Schwartz | Founder and CEO, Modify Watches

 

6. Boiler Room

seth kravitz“No, I’m not encouraging or condoning anyone who commits fraud, violates SEC regulations, or acts like a sociopath. However, that does not mean there aren’t some great things for entrepreneurs in the movie. One positive takeaway from Boiler Room is Seth’s relentless hustle and scrappiness. He just crushes through problems (both good and bad) and get’s stuff done!”

 

Seth Kravitz | CEO, Technori

 

7. Don Quixote

luke burgis“From the greatest book ever written, there are lots of movie adaptations, but the 1972 version with Sophia Loren is best. What better representation of an entrepreneur than an idealist who sets out to revive some important value in the world while the world thinks he’s crazy? Through a series of entrepreneurial “adventures.” he comes to greater realizations about life, love, meaning and value.”

 

Luke Burgis | Director, ActivPrayer

 

8. Startup.com

andrew schrage“A film I particularly enjoyed is called Startup.com, which chronicles the short history of the failed website govWorks.com. This site was created to provide citizens an easy way to pay traffic tickets to municipal governments, among other things. The film teaches you that you can’t launch a business based solely on an idea; you must do thorough research it to see if it’s viable and can last.”

 

Andrew Schrage | Co-Owner, Money Crashers Personal Finance

 

9. The Shawshank Redemption

thursday bram“Andy Dufrense is an entrepreneur, even if it’s not obvious: he grows a small tax preparation business inside prison walls into a library and education system into a full-fledged successful prison break. The scene that sticks with me is when Dufrense finds out that his letter writing campaign has paid off — he responds that he’s going to write even more letters, just like a good founder would.”

 

Thursday Bram | Consultant, Hyper Modern Consulting

 

10. Catch Me If You Can

caitlinr-100x100-1“Okay, so what the main character does throughout the movie isn’t exactly legal, but the entrepreneurial spirit in this movie is still very present. Leonardo DiCaprio plays the kind of man that can think up a new idea on the spot and execute it with complete confidence – a quality many entrepreneurs use every day.”

 

Caitlin McCabe | Founder & CEO, Real Bullets Branding

 

11. Cast Away

NatalieMacNeilavatar-100x100“Tom Hanks’ character, Chuck Noland, in the movie Cast Away may have been a FedEx employee, but he’s got the heart and hustle of an entrepreneur. He didn’t have money to throw at problems while stranded on the island and had to rely on coming up with creative solutions to survive. I also appreciate that he was customer-centric to his core – saving a package to deliver after he made it home.”

 

Natalie MacNeil | Emmy Award Winning Media Entrepreneur, She Takes on the World

 

12. The Social Network

JoshWeissavatar-100x100-3“This list isn’t complete without The Social Network. The true takeaway of the movie is not to build things to make money, but to build things that people want. The money will come eventually.”

 

Josh Weiss | Founder and President, Bluegala

 

13. Flash of Genius

EmersonSpartzavatar-100x100“In this David vs. Goliath story based on true events, entrepreneur/inventor Robert Kearns spends years in courtrooms fighting the giants of the auto industry when they steal his technology for intermittent windshield wipers. It shows closely the unfair power imbalance that exists between the big companies and small entrepreneurs who sell to them. There is much to be learned from Kearns’ story.”

 

Emerson Spartz | CEO and Founder, Spartz

 

14. Baby Boom

jennifer1“Your great idea will strike in the midst of a challenge. Classic Diane Keaton, career-driven new mom in the ’80s, quits her demanding job to focus on a baby. While in the midst of her breakdown, she discovers an unserved market with a huge demand in natural baby food. The lesson to take away is that opportunities are everywhere – if you’re paying attention!”

 

Jennifer Donogh | President, Ovaleye, LLC

 

15. Glengarry Glen Ross

NancyTNguyenavatar“”You know what it takes to sell real estate? It takes brass balls to sell real estate,” is one of the best movie quotes for entrepreneurs. It does take “brass balls” to handle critics, setbacks, and customers. Everything is sales, and this movie reminds us that “coffee is for closers” and “ABC” really means “Always be closing.” With confidence and closing, you will have a successful startup.”

 

Nancy T. Nguyen | Founder/Sweet Sylist, Sweet T Salon

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.

 

Why Can’t We Be Friends: Social Sharing and SEO

By Markerly’s Christine Beuhler 

Markerly, startup tips, startups

No one can seem to agree: is SEO out of date and obsolete or still worth it? And what are social signals? What’s going on? I’m going back to bed.

SEO and Google

Google doesn’t seem to like SEO much, which is understandable. So-called “black-hat” techniques (simply bad SEO practices) have made it their business to dupe search engines for years to get their clients in the top rankings and first pages of results. That bad name given by these techniques has pervaded SEO to the point that using SEO makes some companies uneasy and worry about its legitimacy as a method to getting more.

Content and Social Signals

Google’s phasing out of SEO means they have turned to other means to populate the top rankings, in this case social signals. The rule of thumb of social signals is the more times a piece of content is shared (the more likes, mentions, tweets, retweets, +1′s, etc.) the higher quality content it is, and generally the higher in the rankings it will show up. In fact, about half of the traffic to sites is now coming from social sharing instead of searching.

Creating quality content which is ALSO popular is not easy, but it is a more consistently reliable practice which makes sense to people. People like something, they share it, it’s a pretty simple concept, as opposed to monkeying around with technical SEO terms that they don’t understand and which seem to insist on changing anyway.

Marrying The Two

So the two have their differences, but it’s easy to see that social sharing and SEO affect each other. Their relationship is becoming intertwined, so what’s an entrepreneur/blogger/business owner to do?

As long as searching is still around, (and I’m pretty sure Google isn’t taking a vacation anytime soon) won’t SEO always be necessary? In that case, what still matters when it comes to SEO? To create harmony between the two groups, here are some areas where to marry SEO AND great content for optimum results.

(If you haven’t already, go take care of your content. Seriously. Social sharing is great, but it’s not king. Content is.)

1. GREAT Headlines

The function of a truly great headline is that it grabs, intrigues, and entices you into reading the full piece, usually in 8 words or less. A tall order, especially when stats say only 20% of people read your piece past the headline. No pressure or anything. But headlines are also a great opportunity to state clearly what your piece is about, and the words you select are a big contributing factor when it comes to online searching.

Pro Tip: Personally, I’m not a fan of “shocker” headlines, because after reading, I often feel manipulated, meaning my perception of the headline did not align with my perception of the article. You don’t ever want to give your audience a feeling of being used. They will determine that you are “not worth it” and they won’t come back.

2. Keywords

Carefully selecting keywords will really help out the people who are trying to find you, but it also helps you narrow down what your post is actually ABOUT. Sometimes, you start off having no idea what you’re talking about until the end, when the big picture slowly comes into view and you grasp it. Kudos for that, keywords!

Pro Tip: Longer phrases often help out more than shorter ones. Competition for one or two word phrases can be extremely fierce, so the more specific you are, the more likely you are to to bring in the kind of traffic you’re looking for.

3. Images

When choosing titles, captions, and alt text for your images, make sure they are tightly relevant to your topic and this could help bump up your content even more.

Pro Tip: Blocks of text can be scary and intimidating to the reader, but engaging images keep the eye flowing through the entire piece, especially if they’re funny images or have funny text.

4. Video

This one may surprise you, but stats show that video automatically ranks higher in Google Search over any other type of content. This a huge plus for your rankings, but having video content also sets you apart by switching up the medium of your content, making it more exciting for your regular readers.

Pro Tip: Show your personality and be engaging in how you move and talk. Try to turn off your anxieties about being in front of the camera and always focus on how to best help people. So as always, keep your content fresh and lively, because that’s what matters the most. But using some of the tips shown above can make sure you’re found by the right people, while keeping your content prevalent on social media. See? They don’t have to fight.

Check out Markerly’s blog about the future of content and why you need a content strategy, here.