Cincinnati & Pittsburgh, A Startup City Swap?

Pittsburgh, RustBuilt, Cintrifuse, Cincinnati Startups

Sports rivalries are intense between Pittsburgh, PA and Cincinnati OH (home to the Everywhere Else Cincinnati Conference). Of course there’s the Pittsburgh Steelers and the Cincinnati Bengals but also the Pirates and the Reds. Enough to make a grown person very passionate. Another thing people in both cities are passionate about is entrepreneurship and startups.

Pittsburgh has several startup initiatives including Built In Pittsburgh and Rustbuilt. Cincinnati has Cintrifuse, The Brandery, and CincyTech. This year Cincinnati also has the national Everywhere Else startup conference.  Leaders in both startup communities thought the natural sports rivalries created a unique synergy of sorts that could help entrepreneurs in each city learn from each other.

So to further those ideas, Cincinnati’s Cintrifuse and Pittsburgh’s RustBuilt accelerator are holding a city swap on the last two Fridays of the month.

On Friday September 20th Rustbuilt will host a group of Cincinnati entrepreneurs from Cintrifuse at their facility in Pittsburgh, just in time for RustBuilt Night at PNC Park, home of the Pittsburgh Pirates. Entrepreneurs from both cities will enjoy each other’s company, share best practices, and then take in a night of baseball as the Pittsburgh Pirates host the Cincinnati Reds.

Then, the following week, Cincinnati’s Cintrifuse will host a group from RustBuilt for either startup speed dating or a startup crawl of sorts, still to be determined.  Then the startups will enjoy an evening of baseball at the Great American Ballpark as the Reds host the Pirates.

But wait there’s more. Pittsburgh entrepreneur Kit Mueller tells us that several of the Pittsburgh startups will stay all weekend long and attend the Everywhere Else conference beginning that Sunday night.

Tickets for Rustbuilt night at PNC Park in Pittsburgh September 20th can be found here.

Info on the Cintrifuse event at the Cincinnati Reds game can be found here.

Go register for Everywhere Else Cincinnati here.


ShareThis, The Social Sharing Startup With Cincy Ties, Closes $30 Million Dollar Round

ShareThis, Silcon Valley, Cincinnati Startup, Cintrifuse, FundingShareThis, one of the most successful startups to come out of Cincinnati, has just announced the closing of a $30 million dollar round of venture funding.

The company, now based in Paolo Alto, has created a platform that makes it incredibly easy to share any kind of content across over 120 different social channels. ShareThis claims that they touch the lives of 95 percent of U.S. internet users across 2 million publisher sites. Whenever you’re cruising a website like AllthingsD, Cosmopolitan or any of the Food Network sites and you see the little green sharing icon that’s ShareThis.

The company was founded by native Cincinnatian Tim Schigel who before he founded ShareThis was the director of Blue Chip Venture Company, a Cincinnati based firm which participated in the startups latest round. Schigel is also the founder of the public/private partnership Cintrifuse that’s supporting downtown Cincinnati’s startup movement.

Back in April when ShareThis acquired Socialize they opened up a funding round and raised $23 million dollars. They left the round open and took another $7 million dollars before closing the round.

In addition to Blue Chip Venture Company, Blair Garrou of the Mercury Fund , Heidi Rozen of Draper Fisher Juverston and T-Venture also participated in this round. All of the investors had previously invested in the company.

Come see Cincinnati’s amazing startup community for yourself during this national startup conference!


Ernst & Young Partners With Cincinnati’s Cintrifuse

Ernst & Young, Cintrifuse, Cincinnati Startups, startupCintrifuse is a huge regional initiative in Cincinnati, Ohio, designed to support high potential startups in the region. It’s backed by the Cincinnati Business Committee, with it’s initial venture capital investors including Proctor & Gamble, Cincinnati’s Children’s Hospital Medical Center, Duke Energy, University of Cincinnati, and Western Southern Financial Group.

In addition to a venture capital fund, Cintrifuse links entrepreneurs and startups with business partners, research institutions, mentors, and investors. They have partnerships with every startup-facing organization in Cincinnati including CincyTech and The Brandery, organizations we’ve written about here quite a bit.

On Friday the Cintrifuse and professional services giant Ernst & Young announced a partnership that will include capital, professional services, and annual operating support.  The Cincinnati Business Courier reports that the parthership is slated to run for five years.

“Cintrifuse is just kind of a startup itself – it’s really just been starting its activities this last year,” Julia Poston, Managing Partner for Ernst & Young in Cincinnati told the Business Courier. “Tax considerations, organizational considerations, human capital, that’s what we are offering as part of our contribution to Cintrifuse.”

Ernst & Young’s Erica Patterson is on loan to Cintrifuse. She previously worked in Ernst & Young’s growth market in Chicago.

Find out more about Cintrifuse here.