Startup News Archives - Page 45 of 53

Philadelphia’s Jewish Startup Accelerator Looking For 3rd Class

The Tribe 12 fellowship, a business accelerator focusing on ideas that relate to the Jewish community, is looking for it’s next class.

The fellowship is part of the Tribe 12 network which is a network of projects “that, as a whole, offer a holistic approach to engaging individuals in choosing a personally inspiring Jewish community, network, or life-style, with a particular focus on 20s and 30s. ”

The Tribe 12 Fellowship functions as a startup and business accelerator giving startups, and entrepreneurs access to mentors, seminars, grants and funding opportunities. While there is no seed fund in place for the startups selected for the class, the six month program ends with a pitch fest.

Many members of the Philly Startup Leaders, list serv were up in arms today when Danielle Selber, the Tribe 12 Fellowship coordinator, posted an application link. Many folks felt like an accelerator put on by a Jewish organization to strengthen the Jewish community was segmenting. Of course, I did not. Eventually many more seasoned members of the PSL spoke out in defense of the Tribe 12 Fellowship. The best comment being from Jerry Levine who said: Perhaps this is being a dead horse, but PSL is, by definition, a limited group – focused on Philadelphia (and Philadelphia-area). If it weren’t, perhaps it would just be called “Startup Leaders?”

Regardless of the PSL’s feelings about Tribe 12 it’s a great program and resource to entrepreneurs with a Jewish element in their startup or business. Most of the graduates from the 2010 and 2011 program have socially driven startups that are out to help the community at large.

Selber took a break between high horse ego beatings, on the PSL, to respond to a couple questions from nibletz, you know the info you’re dying to know.

Failing Gracefully: Minnesota Startup Altsie Closes It’s Doors

Back in April we brought you an interview with Lucas Rayala, the founder of Minnesota startup Altsie. Altsie provided a new socially charged way for independent movie go-ers to enjoy independent films.

Altsie built partnerships with independent film producers and local businesses to show movies in their establishments. The platform brought more customers to local businesses, let independent film fans comingle with each other and served as a platform for independent film producers to have their movies screened.

Back in April it seemed that things were chugging along for Rayala and Altsie. Altsie was showing films in the Twin Cities, getting press from the likes of Paul Carr at Pando Daily, and Rayala had even had the chance to meet with Tony Hsieh at the Downtown project in Las Vegas.

But two years creating Altsie and 8 months running it was taking a toll on Rayala’s psyche all the way around. He writes in this piece at techcrunch.com that he was overweight for the first time in his life, he was losing touch with his new wife Kathryn, and he was smoking more and drinking more.

While many of us startup go-hards constantly try to one up each other with stories about sleeping on floors, eating ramen or not sleeping at all, startup life can take it’s toll.

To compound these issues for Rayala, he also continued to work a full time job which meant in between contacting movie distributors, venues, designers, customers and friends he actually had a job to do.

Unlike many startup founders Rayala found it inside himself to gracefully exit, and shut down Altsie. He could have kept going, but he made the conscious decision to say enough is enough. Often times this is one of the hardest things for a startup founder or entrepreneur to do.

In an email to his cofounders Rayala wrote:

“I’m folding up Altsie. It’s been a great experience but we didn’t get the outside interest I was hoping for, and I want to end things neatly instead of bludgeoning a great project to death over time. Want to have a postmortem beer?”

Do you know when to say when?

Read Rayala’s personal account of “Killing Your Startup On A Thursday Night” here at TechCrunch.com

Linkage:

Our interview with Rayala

Source: TechCrunch

Startups “everywhere else” , this event will provide you with the most facetime with investors, ever!

Speek Holding Speek Easy During Digital Capital Week (DC Tech Week)

While the Washington DC area and the rest of the north east are being pummeled by Hurricane Sandy, “Frankenstorm”, entrepreneurs are still planning on attending DC’s Tech Week which starts this Friday.

Our friends at TechCocktail and many others have put together a weeks worth of great programming for entrepreneurs, founders, startups, developers, designers, coders and anyone else in the tech scene. Hopefully we will be able to travel to DC for the event.

One of the big parties you don’t want to miss is the “Speek Easy” being hosted by Speek at Capitale in NorthWest Washington DC Saturday night November 3rd from 8:00pm-2:00am.

Speek is the easiest to use conference calling platform. Rather than a call in “bridge” number with a bunch of codes to memorize and enter, with Speek you just direct your participants to your Speek page, they click a button and get brought into the conference. You can speek me at speek.com/kyle.

Speek’s pulling out all the stops and taking the “speak easy” theme back to the roaring 20’s. They’ll have 1920’s style photo booths, burlesque dancers and they’re encouraging everyone who attends to register for their Speek link before the party. Attendees with Speek links will be eligible for some cool prizes.

The free “Speek Easy” party is happening at

Capitale
1301 K Street NW
Washington DC 2005

Linkage:

TECH Fort Worth Startup Ampcare Gets FDA 510K Approval For Technology To Improve Swallowing

Russ Campbell, President & CEO of Fort Worth startup Ampcare

Last month we brought you a story about Memphis startup Handminder and what they are doing for stroke victims. Handminder has a technology that re-teaches the brain to interact with the hands of stroke victims so they can relearn motor skills. Handminder was part of Memphis’ Zeroto510 accelerator that prepares medical device companies for their 510K FDA approval.

Last week it was announced that TECH ForthWorth startup Ampcare just received their 510K approval from the FDA for their technology that also helps stroke victims.

Ampcare’s Rx3E series of electrodes applies external stimulation to the muscles needed for swallowing. This is also a technology that directly impacts the lives of stroke victims, and those suffering from Alzheimer’s, Parkinson’s, ALD (Lou Gehrig’s Disease) and Muscular Dystrophy.

Russ Campbell, Rick McAdoo and Ronda Polansky, the three therapists that founded Ampcare, envisioned the device as a treatment option to treat swallowing problems.

“At Ampcare, we understand that eating and drinking affect quality of life. This product will offer healthcare professionals, specifically speech language pathologists, a technologically advanced treatment approach to address swallowing difficulties,” said Russ Campbell, President & CEO.

Dysphagia, or difficulty with swallowing, affects 18 million people in the U.S. Without proper management, dysphagia can lead to choking, malnutrition, dehydration, weight loss, muscle attrition, aspiration pneumonia, increased rate of infection and death.

“For example, people with strokes often lose their ability to protect their airway when eating and drinking,” McAdoo said. “Our device rehabilitates the muscles that move the airway to keep it protected during swallowing.”

Ampcare’s technology is just as important for comfort as it is for patient safety.

Ampcare is a startup resident at the TECH Fort Worth Incubator in Texas.

“Since May, when Ampcare won our Impact Award, the team has been pressing hard for this next milestone, the clearance of its product for the market,” said Darlene Ryan, Executive Director of TECH Fort Worth. “The Ampcare founders have their heart in this product. Their motivation is the patients who will have a higher quality of life because of their work. It is clients like this that inspire me to do everything I can to help them and others continue to bring new products to market that really matter.”

Linkage:

Check out Ampcare here

TECH Fort Worth here

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Denver Startup Appit Ventures Wins $50,000 In Business Plan Competition

There are a fair amount of quality startups out there who’s purpose is to help startups. Take nibletz.com for instance. As the “voice of startups everywhere else” we’re providing news coverage and traction to startups across the nation and around the world that they may not otherwise get.

Appit Ventures, a Denver startup, is another great startup that fits in that category. Appit Ventures helps entrepreneurs write business plans, grow their business and get access to funding. They also build custom mobile applications through a revenue sharing model. They also provide strategic consulting and post launch strategies.

The startup won $50,000 in Denver’s first ever JumpStart Biz Plan Awards. In addition to the cash AppIt Ventures also receives free office space for a year at Galvanize a new hub/incubator for startups. Professional legal services provided by Polsinelli Shughart and tax services from Deloitte were part of the prize package as well.

Appit Ventures will also receive 60 hours of strategic marketing services fromDovetail Solutions, social media consulting from WideFoc.us, and entrepreneurship mentoring from TiE Rockies.

“The quality of business plans presented in this inaugural program has been truly inspiring,” Denver Mayor Michael Hancock said in a statement. “Each of these entries further illustrates the strength and vitality of Denver’s small business climate. Our city has no shortage of promising entrepreneurial gems, and we are committed to helping our businesses grow and stay right here in our world-class city.”

Other JumpStart Biz Plan finalists were Big Mountain Robotics, Choozle, Fresh Takes Kitchen, Guerilla Gravity, Ibotta, One World Labs, Presm, The Uber Sausage and VertiFresh.

“Starting with over 150 companies and being selected to the top 10, we were honored,” said Jeff Macco co-founder of Appit Ventures. “Getting to the top three, we were humbled.”

Linkage:

Check out Appit Ventures here

Source: Denver Post

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Israeli Startup Walkme Raises $5.5 Million

Less than two weeks ago we brought you an interview with Israeli startup Walkme. Walkme is the easiest way for companies, startups and anyone on the web to create walk-thru’s for your readers and end users.

No matter how easy or complex your task is, WalkMe wants to provide you with the tool to create an easy step-by-step “Walk thru” guide to everything. Walkme is a simple to use plugin.

Once you have it installed you just move about your screen in the natural steps it takes to do whatever process you want to teach. As you begin to complete each step you write what the step is, how to do it and add your text balloon and move on to the next step. You can easily create “walk thru” instructions while you’re creating your WalkMe walk thru. Anything from how to complete an order, to how to change your password, can easily be explained using Walkme. If you want to show someone an easy to use trick on your own website, you can create a WalkMe “walk thru”.

Basically if you can do the task you want to teach, and if you can use a mouse, than you’re in business.

Walkme’s $5.5 million dollar series B round was led by Gemini Israeli Ventures. Mangrove Capital Partners and Giza Venture Capital also participated. Mangrove Capital Partners provided an undisclosed amount of capital back in April for Walkme.

“Using online services is a necessity for everyone. However, businesses are struggling with ineffective and costly solutions to make sure their users are able to use their offerings,” said Eran Wagner, General Partner at Gemini Israel Ventures. “WalkMe is a disruptive system that can fundamentally change the way online services engage with their users online. WalkMe’s ability to increase visitor clarity, satisfaction and conversion while dramatically reducing help-desk costs, makes it a no-brainer for a business of any size. We look forward to seeing WalkMe maintain its explosive growth and become an industry standard for guidance by replacing video-tutorials and help sections on websites – just as GPS systems have become a standard replacement for maps.”

Dan Adika, CEO of WalkMe, said, “the demand for our online guidance solution is growing exponentially and we sought funding to support this growth. We now have thousands of registered businesses that are utilizing WalkMe’s revolutionary technology to better guide their users online. With this round, we’ve found investors who shared our vision of creating a company that changes the way people use the web.”

Linkage:

Check out Walkme here

Here’s our interview with Walkme

Source: GigaOM

You’ve got your ticket right?

Philadelphia The Founder City, To Invest $3.5 Million In Startups

Philadelphia Mayor Michael A Nutter announced today that the city of Philadelphia and the Philadelphia Industrial Development Corporation has created a joint two-tiered investment and grant making initiative called “Startup PHL”. Philadelphia is looking to spur more innovation and encourage startups to move to the city of brotherly love.

In a video Nutter talks about Philadelphia being home to the most important startup of all , the United States of America. Now 200 years later Nutter is looking to attract more founders to the city.

To do this Philadelphia is issuing an RFP for a private investment firm to match and manage a $3 million dollar investment from the Philadelphia Industrial Development Corporation to establish the Startup PHL Seed Fund. The RFP deadline is December 7th. Those startups receiving investment from the Startup PHL seed fund will either need to be in Philadelphia or relocate to Philadelphia to meet a yet to be established residency requirement.

The other $500,000 will come in the form of grants. For that, the City’s commerce department has put out a call for ideas. They’re looking for “innovative, exciting proposals for ideas and programs that support startups and entrepreneurs of all stripes in Philadelphia” In a release they said: “the goal of this fund is to make grants to proposals that enhance collaboration in the startup community; attract new entrepreneurs from both within and outside the city; foster networks for entrepreneurs to collaborate with each other, mentors, talent and investors and ultimately lead to more business and job creation in Philadelphia.”

In the government/private partnership for the Startup PHL seed fund the private firm will handle all of the investment decisions. Longtime Nutter aide Luke Butler says he hopes that the seed fund will start making it’s first investments as early as summer 2013.

It’s obvious that this is a “startup community” initiative as much as it is a technology investment initiative. It’s evident that Zappos CEO Tony Hsieh’s “Return of Community” is starting to pop up in other cities.

“We have broader goals than a return on investment, but we’re hoping to leverage a relatively small public investment that generates more private capital that highlights this important sector and conveys momentum here,” Butler said. “The tech sector is an important part of our economy in that it’s going to be a driver of job creation and is [a way of] keeping college grads here,”

New York, Boston, Austin, Seattle and Baltimore all have government/private partnerships in one form or another to drive early stage investments in startups and keep them in their cities. Las Vegas has a $350 million dollar private initiative from Hsieh to revitalize the downtown area through startups, tech, education and real estate to make downtown Las Vegas a more serendipitous place for entrepreneurs and recently relocated Zappos employees.

Local startup investor and supporter Brad Dennenberg of Seed Philly told nibletz in regards to today’s announcement:

“Today’s announcement marks a significant step towards putting Philadelphia’s startup ecosystem on the national map. Philly is now one of just a few cities in the country with city-backed funding, proving the area’s dedication to growing and retaining high growth (and high paying) companies. With the cost of launching a minimum viable product now lower than ever before, this fund should make a significant impact in a short period of time. I couldn’t be more excited! “

While technology is typically the focus in startup initiatives like this Butler says they want to hear everything.

“If you have an idea, an organization or individual, that supports growing business, jobs in the city, we want to hear it, whatever it is,” he added Technically Philly Reported.

Linkage:

Startup PHL is here

Startup PHL’s call for ideas is here

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Yahoo’s First Mayer Acquisition, New York Startup Stamped

Last April we brought you the profile of New York startup Stamped. Stamped, which is made up of a team of 11 with five being Xooglers, created a recommendation platform that allowed users to put their “stamp of approval” on their favorite places and things.

Stamped offers a unique value proposition by having a quick, easy to understand way of providing recommendations without having to read 1500 word reviews. It’s the recommendation platform for those on the go.

Stamped marks the first Yahoo acquisition under the leadership of new CEO Marissa Mayer who took over the helm at Yahoo six weeks ago after a thirteen year stint at Google.

Prior to this announced acquisition, Stamped had already attracted the attention and investment from Bain Capital Ventures and Google Ventures. Their first round of funding was $1.5 million dollars. They also have rockstar advisors like Instagram founder Kevin Systrom and food personality Mario Batail.

Financial terms of the acquisition were not disclosed. Mayer made it clear that acquisitions were part of Yahoo’s strategy going forward, in her first quarterly earnings call earlier this week. Several tech and startup focused sites have been speculating on some of the other possible target startups in Mayers cross hairs.

On Tuesday we brought you the story about the hot and heavy rumor that Yahoo may be looking to acquire Baltimore mobile ad startup Millennial Media.

Like Millennial Media, Stamped is a natural fit for Yahoo who hasn’t had a good review product, much less a mobile product for reviews. Mayer also said that mobile was one of the key focuses for Yahoo going forward as well.

Yahoo Senior Vice President Adam Cahan told the Associated Press that Stamped would be “a great asset as we expand Yahoo’s mobile efforts and build a world-class mobile development organization.”

Stamped issued a statement on their website today that said:

“We’re excited to start work again on something big, mobile, and new — but we can’t discuss the details just yet. And we’re really stoked to be able to hire lots of talented engineers and designers for this new project.”

Linkage:

Stamped is here

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BizKids And Ernst & Young Holding Social Startup Contest For Kids!

The Emmy Award winning public television series Biz Kids has teamed up with Ernst and Young for a startup contest for kids. Entrepreneurs are getting younger and younger. We’ve seen sixth graders present at major conferences, 10 year olds make hundreds of thousands of dollars in the app store and a plethora of straight from high school to the accelerator stories in the last few years.

What we haven’t seen yet is a targeted entrepreneurial/startup contest for social entrepreneurship. Kids, that want to make a difference.

That’s the theme behind Ernst & Young, and Biz Kids “Build Your Social Biz” contest.

BizKids has put out a call for social kidtrepreneurs to submit their plans for a business that will help the community. While the ideas will most likely be plentiful and abstract Biz Kids reminds interested kids that a social business or “biz” can be anything from a dog walking business to selling cookies. They warn though, that they are looking for a social business not just “fundraising” projects.

There are five cash prizes up for grabs. The grand prize winner will receive $3,000 in cash for their social business along with a mentor from Ernst & Young. The runner up will receive $1,500 along with mentorship from Ernst & Young. There are three “honorable mention” prizes of $500 cash and each also gets a mentor from Ernst & Young.

Participants fill out the online entry form on www.bizkids.com then upload a one-minute video pitch on why their project should win. Entries will not be judged by the quality of the video but by the presentation of the vision for their social enterprise.

Entries are due December 31, 2012. A panel of judges will cull the top five entrants, and the names will be posted on the Biz Kid$ website by mid-February. The winner will be chosen by popular vote, which will take place over four weeks. Winner will be announced by the end of March. First place will win $3,000 and a lunch with a special guest; runner up will win $1,500; and three honorable mentions will win $500 each. All finalists will be paired with an expert mentor chosen to fit the nature of their business.

Linkage:

Here’s a link to the contest page

More startup news from nibletz.com

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Boom I’ve Got Health Insurance, Thank You Startup America And Cigna

Back in July during one of Tech Cocktail’s legendary mixers in Washington DC, my good friend Scott Case, the founding CTO at Priceline.com and the current CEO of Startup America was speaking. As normal, at the end of his great speech which I remember involved gambling, women and priceline.com, he had a little Q&A.

I have been a Startup America supporter and Champion since the beginning and am always on listservs, chat rooms, and even here preaching the gospel about Startup America. Well that didn’t sit too well with one woman from Pennsylvania. We were on the Philly Startup ListServ and I was writing someone about Startup America. Now before Startup PA even opened it’s doors she was all over me about how Startup America gave her no benefit what so ever. Then, she kept on bringing up healthcare like we were talking about Startupacare or Obamacare.

I relayed this conversation during the Q&A with Case and brought the room to great laughter since I did a great impression of the whiney woman on the Philly list serv. But as a Type II diabetic and an entrepreneur since 2003 I was actually curious about the health insurance. Case admitted that while building out regions was Startup America’s focus for the immediate future, there were talks going on about health insurance.

Entrepreneurs, freelancers, and the self employed account for a huge uninsured segment. Truth be told I was looking forward to next year when Obamacare takes over since I couldn’t afford healthcare on my own and 90% of everyone (even Cigna at the time) was either too much or refused me altogether because of the diabetes.

Well low and behold just moments ago I received an email from Donna Harris at the Startup America Partnership announcing an exciting partnership with Cigna for mentorship, education and of course health insurance.

So I quickly glanced over the mentorship and education part, great stuff by the way, and I clickity clicked through to the health insurance part. I filled out the form and within nano seconds I was talking with Shelly from Cigna on the phone. She knew I was signing up via Startup America and BOOM! It’s done** (disclaimer part: of course health insurance is underwritten but I was informed that even with the Type II diabetes the rate she quoted was good). So alas if all goes well Shelly tells me I can go to the doctor for a mere $25 starting next month vs the $85 I have been paying!

In a statement this morning Case said:

“We know how important mentoring, education, and health insurance benefits are to startups, and we’re excited to bring Cigna on board as a new partner to help our members,” said Scott Case, CEO of the Startup America Partnership. “Cigna believes, as we do, that entrepreneurship is a core American value and critical to the country’s long-term economic success.”

The real deal here is that health care, education and insurance is one of the biggest things that hold entrepreneurs back. Healthy entrepreneurs make healthy startups and healthy startups mean more jobs. Really it’s that simple.

Linkage:

Go check out the new partnership with Cigna and sign up for your own insurance here

More Startup America coverage from us here

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SXSW Bringing Startup Event To Vegas Baby: SXSWV2V

The SXSWi or South By Southwest Interactive show, as part of the annual South By Southwest festival held in March every year, continues to grow. This year all hotel rooms in the immediate vicinity are already sold out. Last year, despite torrential downpours for three days SXSWi had it’s biggest year ever.

SXSWi has been the birth place to many great startups that we use today. Twitter, FourSquare, and Zaarly are just a few of the startups that successfully launched out of SXSW. Glancee (acquired by Facbeook), Highlight and Banjo were the talk of the town last year during the festival.

Thousands and thousands of entrepreneurs flock to Austin Texas to see and take part in the latest startups brewing across the country. In fact, there are even buses that head down to SXSW where startups are building “startup weekend style” along the way. There are many startups that set aside a great chunk of their marketing budget to participate in the SXSW festivities. Other startups use it as both a customer acquisition point and a launch pad.

SXSWi Director Hugh Forrest has seen how SXSWi has grown and taken off and now he wants to expand the property and brand outside the realm of downtown Austin. Forrest has announced V2V August 11-14 2013 at the Cosmopolitan in Las Vegas.

While the strip is still a short distance away from Zappos founder Tony Hsieh’s Downtown Project, the 4 day SXSW conference is a welcome event among all of Las Vegas’ tech community.

Forrest hasn’t decided what “V2V” means just yet but told the Austin Chronicle “Well, the idea there is that it is somewhat of a meaningless term, but if you really want to think of a meaning there, it could be visionary to visionary, or voice to voice, or voice to visionary, or visionaries to Vegas. We like that it’s an open palette and will afford us some room to grow and develop into whatever this event becomes.”

While the Downtown Project continues to grow and the Vegas tech scene is on fire we’re pretty confident that V2V will catch on just as quickly. If it doesn’t though, Forrest isn’t worried. He’s used to building things slowly and organically.

” I think that we can bring a lot of skill and expertise to the Las Vegas venture. On the other hand, one of the reasons SXSW is where it’s at now is it that it was allowed to grow somewhat slowly and organically. We were afforded the luxury of making mistakes on a fairly small stage and then learning from those mistakes and growing after it, growing better. It’d be great if the Las Vegas thing draws a big crowd the first year but at the same time, I don’t want to grow that too fast. I’m very much a believer of the slow, organic growth idea as a way to figure out exactly what you’re doing” Forrest said in the Austin Chronicle interview.

“With the growth and popularity of the startup-related programming across the SXSW family of events, it is clear that there is enough momentum to create a wholly unique and independent event focused on entrepreneurs,” said SXSW V2V Producer Christine Auten said in a statement. “SXSW V2V will follow the same general strategy we have followed with other SXSW experiences. It is about turning creative ideas into reality — bringing visionaries to Vegas.”

SXSW V2V will take place at The Cosmopolitan of Las Vegas — a deluxe urban resort in the heart of the Vegas Strip — from Sunday, August 11 through Wednesday, August 14. SXSW V2V registration will include three days of programming, an opening reception, welcome dinner and an eclectic mix of evening and networking events. Register now at the discounted rate of $695 through December 14, 2012

Linkage:

Looking to participate,speak or volunteer at V2V click here

Want to pitch at V2V click here

Maybe you should warm up your pitch at “everywhereelse.co” click here

New York TechStars Startup Condition One Raises $2.35M From Mark Cuban And More

New York Techstars alum Condition One has just closed a seed round at $2.35 million. The round was led by Dallas Maverick’s owner and billionaire entrepreneur Mark Cuban as well as Manilla CEO George Kilavkoff and more. Cuban initially invested $500,000 in the immersive video startup earlier this summer.

Academy award nominated photographer and videographer Danfung Dennis has seen his work in Newsweek and the New York Times. He’s been hailed for shooting some of the best war footage ever seen. That’s in part because Dennis has found a new way to capture more of what we see in video.

Humans actually see a wide range of things in their peripheral vision and then adjust based on what’s interesting in their range of vision. Video isn’t that way. Video can actually see what’s shot straight on, but then, because of the way us humans see, it doesn’t feel as natural.

Dennis has created Condition One to capture and share things that typical video misses and includes a 180 field of vision. Condition One is software that takes that warped 180 degree footage shot with a fisheye lens and then translates it back into a clear flat image that we see. It’s somewhat like the Lytro that lets you shoot out of focus photos now and focuses them in later.

Even with Shark Tank, people know that Mark Cuban isn’t typically an investor at seed stages of the game. However, in addition to the Maverick’s Cuban’s other large business is HDTV which was just rebranded as AXS TV. This is where Condition One makes a lot of sense. Cuban’s AXS TV is known for it’s live concerts and events. Condition One’s technology is perfect for capturing events and putting them into a better viewing perspective.

“Our technology is going to enable some amazing new concert experiences where the user can pan back and forth between the stage and the crowd, between the drummer and guitarist, or between the action onstage and what’s going on backstage,” Condition One COO Andrew Chang told The Verge.

Condition One allows viewers to take videos of concerts, and sporting events and then pan back to the action that they really want to see, bringing into focus the parts that are most important to them.

“My work has been an evolution from still images to video and now into immersive experiences,” said Dennis. “Yet, I’m still motivated by the same idea: that the future of storytelling will be driven by technology.”

Linkage:

Check out Condition One here

Source: TC Verge

Huh a Startup Conference where we can exhibit for less than $400?

Vegas Tech Fund Startup Romotive Lands $5 Million Dollar Round, Prepares 3rd Generation Robot

Many of you are familiar with the story of Romotive. This was the company that was building iPhone controlled robots in a mini assembly line in the founders’ apartment at the Ogden in Las Vegas. Of course if you’re familiar with Tony Hsieh’s Downtown Project or the Vegas Tech Fund you know that the Ogden building is entrepreneur and founder central.

Romotive has been making all the right moves. In the summer of 2011 the then three person company participated in the TechStars Seattle cohort. After that they launched a Kickstarter campaign to get their robots into the hands of backers.

It was that Kickstarter campaign that caught Hsieh’s eye. The story goes that Hsieh received the weekly email from Kickstarter highlighting some of the projects raising money at the time and Romotive was one of them. Hsieh reportedly liked their three minute video and actually knew a friend of theirs who was staying on his couch.

Hsieh is big on referrals in fact you can’t get a meeting with Hsieh or the Vegas Tech Fund without having a referral from inside the network. But like other tight knit organizations, once you’re in you’re in.

After Hsieh participated in a $1.5 million dollar round in December of last year the team relocated to their current home at the Ogden building. Business Insider reports that the team has grown to 18 and they are all living, playing and building robots together.

That’s all going to change now though as Romotive has just closed a $5 million dollar Series-A round. With that round the company plans on adding a few more employees and shifting production to a factory in China. According to Geekwire, the round was led by Sequoia Capita with CrunchFund and SV Angels participating among others.

On top of the $5 million dollar round Romotive has gone back to Kickstarter to raise another $100,000 from the community. As they report in their Kickstarter pitch they are looking to broaden the robot by creating more apps and the $100,000 will be used to start that development program.

Romotive isn’t the first smartphone controlled robot startup to catch the eyes of David Cohen and the TechStars team. Orbotix, the Boulder based creator of the “Sphero” ball, accelerated at TechStars Boulder and had Brad Feld as one of their main mentors. Feld went on to participate in Orbotix seed round via his Foundry Group. Orbotix has grown up big time as well. They recently announced a partnership for distribution in 1200 Target stores just in time for the holidays.

Linkage:

CEO Remorse? After Firing Mollie Spillman On Vacation Is Marissa Mayer Eyeing Baltimore Startup Millennial Media?

The 37 year old fireball we’ve all come to know and love, Marissa Mayer, has been hard at work in her new role as CEO of Yahoo. During that time she’s mandated free smartphones for her staffers, made meals free, hired a new CFO and even had a baby of her own with just a few weeks maternity leave. Mayer knows that Yahoo’s share holders are looking for a big change and quick. So far she seems to be delivering.

The next thing Mayer and the Yahoo team have to do is lock down solid revenue streams.

It appears that Mayer is going to attack revenue from all angles and focus on the angles that she knows the best. A new version of the Yahoo home screen recently leaked out that showed a higher profile for search. For those that didn’t know Mayer had a long tenured history at Google.

She also seems to be honing in on Yahoo’s content properties and cutting away other under performing properties.

Mayer’s also focusing heavily on mobile a place she knows well from her Google days. Yahoo held their first quarterly conference call under Mayer, Monday afternoon. During that call Mayer spoke about her plan to focus the company’s efforts on mobile. At one point in Yahoo’s long dot com history the page, with their silly tv commercials, was a destination of browsers everywhere to find just about anything in a portal design moreso than a straight search engine.

In the early days of Google, Yahoo search was actually powered by their Mountain View rival. A time Mayer knows all too well from the other side of the fence.

Mayer is hoping to make Yahoo and it’s many apps a go to destination on mobile devices. Once their mobile product line is beefed up they are going to need a better monetization strategy than they currently have in place.

To that end, this past weekend Business Insider reported that Mayer may have her eye on Baltimore mobile ad startup giant Millennial Media.

Millennial Media was created by a group of former advertising.com and Verizon Wireless employees and is led today by co-founder and CEO Paul Palmeri who was integral part of the creation of Verizon Wireless’ v-cast service. With their engagement and developer centric mobile ad strategy Millennial Media quickly rose to prominence as the second largest mobile ad company in the world, eclipsing even Apple. Google is of course at the top, and by all accounts they are not for sale.

Millennial Media went public back in March. They debuted at $13 and quickly shot up to $25 with a high on opening day of $27.90. Unlike many of the tech companies and “startups” that went public this year, Millennial Media trades on a day to day basis, very close to where they debuted at, closing yesterday at $14.25.

All around it’s a solid company and a solid acquisition candidate for Yahoo.

Of course no one at Yahoo or Millennial Media is speaking about this however Yahoo could truly benefit from having the second largest mobile ad network behind Google in their stable.

There’s also a huge connection between Yahoo and Millennial Media. Millennial Media’s Executive Vice President and Chief Marketing Officer is Mollie Spilman. You may remember Spilman’s name as the CMO from Yahoo that was fired by Mayer while she was on her vacation. Perhaps there isn’t such bad blood between Mayer after all.

Linkage:

Millennial Media

Source: SAI

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