Dallas Area Gets New Angel Network In TECH Fort Worth’s CowTown Angels

TECH Fort Worth, an early stage business incubator and huge start up resource in Fort Worth Texas has just announced the formation of CowTown Angels.

The new angel network consists of angel investors from across the region. Angel investors are those who invest in startups in exchange for stock in the company. It’s a high risk investment for some and in order to be an accredited investor the “angel” typically has a net worth of $1 million dollars outside of their residence.

The Dallas Fort Worth area (DFW) is crawling with millionaires who’ve made money in oil, traditional industry and tech. Angel networks are cropping up across the country with the fundamental goal of injecting startups with the early stage capital they need to bring their products to market. The hope is that these startups will generate a return on the investment and grow to bring new jobs and  money into the area.

TECH Fort Worth will take the applications and vet startups ahead of monthly scheduled pitch meetings. From their the angels discuss the opportunities presented and then they can invest in them individually, in groups or together depending on the need and fit of the business.


“We know angel investors in our community, and we meet lots of companies who need startup capital,” said Darlene Ryan, Executive Director of TECH Fort Worth. “By providing an organized and efficient way for them to meet each other and discuss business, we hope to help more of these companies establish strong roots here, grow here and create jobs here.”

“It’s a natural extension of what TECH Fort Worth does for the local technology business community,” said Brent Sorrells, the incubator’s Director of Programs. “In our other programs, we coach and mentor entrepreneurs building companies based on technologies such as medical devices, data and energy, and we help them prepare their presentations to put their best foot forward. We’re excited to be able to offer this new program to connect the angel investors and entrepreneurs. It’s all about creating more jobs and wealth in our community.”

Linkage:

Check out TECH Fort Worth here

Check out CowTown Angels here

Nibletz is the voice of startups “everywhere else” here are more startup stories from “everywhere else”

We sure could use a hand

Minnesota Venture Firm Tells Startups: Stop Reading TechCrunch

TechCrunch,PandoDaily,VentureBeat,Arrington,Stop Reading TechCrunchFour business partners with roots in Minnesota, came together earlier this summer and announced the formation of a new venture firm called AMP Partners. Minnesota has seen a recent boost in startups and entrepreneurism spearheaded by JumpStart Inc and then quickly taken over by Minnesotans.

Darren Marhula, Brad England, Mark Donahoe and Chris Palm pooled their own money together from investment banking, Wall Street, and property management, Marhula told tech.mn in June.  “We’re interested in the right entrepreneur with the right plan more than the exact market.  We’re not exclusively focused on any one type of business, but definitely interested in local technology startups.”

Now as the summer season comes to a close and AMP’s been on the ground running for the last few months or so tech.mn checked back in with Marhula who echoed a main theme that we continually hear on our sneaker-strapped nationwide startup roadtrip. That theme, simply put is, valuations are too high.

In the follow-up interview Marhula said “we continue to be surprised by the unrealistically high valuation expectations by many entrepreneurs out there, which has prevented us from making more investments.”. So again in line with markets their size like St.Louis, Cincinnati and even Washington DC, entrepreneurs are pricing themselves out of an investment. This can be a lethally hard lesson to learn.

To date, AMP has invested into two companies, presumably with more modest self-worth. HomeVisor is an online Realtor referral service and the first to receive funding from AMP. Their second investment , BuyWafers.com sells silicon wafers and other materials for semi-conductors.  That company will be launching shortly. AMP didn’t reveal how much money was in either deal.

It’s evident that AMP, like most investors, are looking for viable startups and businesses and they’re not holding a business plan competition. AMP is also seeing a lot of buzzword happy entrepreneurs who are the same entrepreneurs being poked fun at by Vooza in New York.

Marhula said: “Stop reading TechCrunch and focus on building your business; get your valuation expectations in check and when you come in to pitch your idea, we don’t want to hear about exits, pivots, and MVPs…we want to see results.”

AMP Partners would love to hear your realistic pitch, drop them a line here

Linkage:

Source: tech.mn

Check out AMP here

Nibletz is the voice of startups “everywhere else”

 

Madison Startup Entrepreneurs Wow’d By St. Louis Venture Draft Event

You may not think about it every Sunday, Monday night and Thursday night that you’re watching your favorite NFL football team but an alarming number of pro athletes actually go bankrupt after their professional careers end. In talking with a few celebrities who have almost gone down that route, it’s not even ignorance that some may think. It’s not living beyond your means as a national celebrity, sometimes pro athletes and celebrities really get too busy to manage their money. They also get too busy to think about what happens afterwards.

We’ve all heard the sad stories too, of people like Fantasia Barrino and other stars who have turned their finances over to someone less than qualified to handle such large amounts of money. Celebrities and pro athletes assume that everyone has their best interest at heart.

Well former NFL star and entrepreneur Brandon Williams does. Williams, through his Brandon Williams Economic Development Corporation is trying to connect athletes and celebrities with entrepreneurism. He’s not talking about the kind where a celebrity quickly endorses a product and moves on. Williams is trying to connect entrepreneurs, startups, sports stars and celebrities in a new kind of ecosystem so that entrepreneurs can benefit from investment and athletes and celebrities have a plan for when their careers slow.

One of Williams initiatives is Venture Draft, a startup and entrepreneur event, pitch contest and showcase that happened in St. Louis this past weekend.

ABC Shark Tank Shark, Founder of Fubu and partner in Shark Branding, Daymond John, was one of the top level keynote speakers at the event.  We didn’t raise enough money in our last crowdfunding leg to attend ourselves, but our good friend Scott Resnick in Madison WI led a group of 6 from Madison to St. Louis for the event.

Resnick was “Wowed” by the event and wrote a great entry on his blog where he said:

The first annual Venture Draft Conference was held in St Louis this weekend. The mission of the conference was to bring professional athletes, venture capitalists and technology experts face-to-face to create business opportunities (aka allow entrepreneurs to mingle with and teach current and former NFL players about technology). A tip of the hat to the Brandon Williams Economic Development Corporation: the Venture Draft was a success.

Rarely do I experience a “wow” moment at a tech conference. However, this one was different. Maybe it was the personality of the highlighted speakers (who attended every event) or the charm of St Louis, but there was something special about Venture Draft.

My “wow” moment came right after I had the opportunity to bounce business expansion ideas off keynote speaker Henry Wong of Garage Technology Ventures at a local cigar bar. As I was walking out of the bar to a sponsored after party, Jim Sorgi struck up a conversation about his future with the Colts and time on Gilman Street. Wow, this conference was pretty cool.

Continue here to the Hardin Design & Development Blog for the rest!

Founder Institute Introduces Mentor Mondays In Seattle

The Founder Institute, the largest idea stage accelerator in the world is starting a new initiative in Seattle to connect startups and entrepreneurs with great mentors.

Mentor Mondays cost a very modest $5.00 fee and give early stage startups, entrepreneurs and anyone with an idea access to a large mentor  base of the regions top mentors. Founder Institute has over 60 successful founders and CEO’s that are there to support the startup ecosystem in Washington.

The lunch meetings are BYOL (Bring Your Own Lunch) but no worries there are over a dozen food trucks a stone throw from the venue  in South Lake Union. The hour long schedule is stacked tightly:

12:00-12:15 Lunch and casual conversation
12:15-12:30 Mentor Topic
12:30-12:45 Q&A
12:45-1:00 Mentor 1:1 meetings

It’s kind of like mentor speed dating but the access opportunity for just $5.00 is incredible. Of course when you go into Mentor Mondays with a great idea, passion, drive and a plan you’ll probably get to spend a lot more than just 15 minutes 1:1 with the mentors.

Mentor Mondays start Monday August 20th and you can register here.

These are the same caliber mentors that Founder Institute is known for and that several have paid hundreds of dollars to get access to. In Seattle, for Mentor Mondays it’s just $5.00 (and the cost of your food at the food trucks if you so desire)

Linkage:

Register for Mentor Mondays here

Source: StartupSeattle.com

Nibletz is the voice of startups “everywhere else” here are more startup stories from “everywhere else”

 

Boston Startup: HoursForEquity An Alternative Jobs Social Network INTERVIEW

Let’s face it, in the earliest stage of a startup many founders are looking for co-founders, and other team members that will work for equity rather than an actual paycheck. It’s a gamble for the employee, if the startup doesn’t get off the ground, all that hard work may not have paid off. On the other hand, if the startup catches on fire like say, Instagram, you may have just earned seven figures for six months of coding.

Finding workers, co-founders, designers,engineers etc, that are willing to work for equity is a challenge in itself. Some workers feel that working for equity is like volunteering, and with the statistics for startup success as low as they are it’s definitely a gamble.  Some founders don’t like to advertise that they are looking for equity workers, and they don’t necessarily know how to find them.

That’s where Boston startup HoursForEquity comes in. HoursForEquity is exactly what the name suggests, it’s a web portal connecting folks that are willing to work for equity, to those willing to give up equity for their work.

Bill Lott, co-founder of HoursForEquity tells us that their platform allows employers and founders to search a database of local, national and global people willing to work for equity. This way you can find the perfect team with the skills you need to succeed.

We got a chance to interview Lott about HoursForEquity. Check out the interview below:

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Cincinnati Startup: CoupSmart Turns Fans Into Revenue: INTERVIEW

Loyalty, rewards, couponing, it’s definitely a crowded space. Cincinnati startup CoupSmart says that it’s only crowded from indirect competitors. While many startups in the loyalty, rewards and couponing space offer help with engagement on social networks, CoupSmart says they deliver fans into revenue on and offline time and time again.

The startup, led by founder and CEO Blake Shipley says they’re all about the ROI. They don’t waste time building un-measurable campaigns or throwing coupons and offers around like water. Shipley knows how ineffective an actual coupon can be when looking for actual customer data.

In our interview below Shipley talks about how coupons are sorted by hand time and time again before they’re even shipped off for redemption. He experienced this first hand when he worked as an internal auditor at The Kroger Company’s Cincinnati headquarters. That’s what sparked his idea to create a better coupon platform.

We don’t need to tell you how crowded the space is and that everyone in the loyalty, reward and coupon space thinks they have the next biggest thing, but focusing on actual ROI will definitely perk the ears of hopeful clients.

One of the biggest complaints about loss leader Groupon is their ability to convert one time users into repeat users and effectively increase the businesses ROI. Many companies that have gone with the Groupon and Living Social model have lost their asses in margin just to get new customers in the door one time.

Whether it’s rewards programs, coupon programs or loyalty programs, someone is going to eventually break through the space with a platform or product that actual saves customers a decent amount of money, gets customers returning for more visits, and gets business owners the information they need.

Is CoupSmart that startup? Check out our interview below.

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Entries Now Open For Business Excellence Awards 2013 Best Startup Company

The Business Excellence Awards is a global event put on by ActionCOACH the world’s largest business coaching and executive coaching firm in the world with offices in over 40 countries.

The next Business Excellence Awards ceremonies begin January 25th and 26th 2013 in Las Vegas. They continue in Europe on February 7th and 8th 2013 and finish in Asia February 22 and 23rd 2013. Each region will present a “Best Startup” award for companies that have had the best results since beginning no later than January 1, 2011.

In addition to Best Startup, other award categories include:

 

Best Overall Company
Best Turnaround Company
Most Innovative Company
Fastest Growing Company
Best Customer Service Results
Young Entrepreneur (35 or younger)
Entrepreneur of the Year
Best Retailer
Best Service Based
Best Manufacturer/Wholesaler
Most Community Impact

Source88 in St.Petersburg Florida was the 2011 Best Startup Winner. That ceremony and forum event were held in Miami Florida.

Linkage:

If your startup is ready you can check out the awards and enter here

Nibletz is the voice of startups “everywhere else”

We’d love it if you helped us out with a bus pass

A Social Network For Skilled Workers Interview With NY Startup: SkilledWizard

LinkedIn is a professional business social network for all kinds of professionals. Sure there are some blue collar workers, and truck drivers out there on LinkedIn but for the most part “skilled workers” don’t have their own social network to go to. There’s a lot of money in trade labor, trucking, and manufacturing. There are plenty of people in these fields making great incomes and loving life. With more and more people turning to social networks every year there is a wide open opportunity for New York startup SkilledWizard.

The team behind SkilledWizard is hoping to connect “skilled workers” to each other, and to future employers. Skilled workers everywhere will be able to interact with each other, share extra side work, find out the ins and outs of employers and more, on their own social network.

SkilledWizard co-founder and CEO John Ducar climbed the corporate ladder in some of the companies that employ hundreds of thousands of skilled workers; UPS, DHL and even Saks 5th Avenue.

Many, including Ducar, say that there is a global shortage of “skilled workers” and SkilledWizard will help skilled workers across the globe connect with each other and with employers.

Check out our interview with Ducar below:

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Interview With Pennsylvania Startup VerbalizeIt: 2012 Techstars Grads

Ryan Frankel and Kunal Sarda, the two co-founders of Pennsylvania startup VerbalizeIt have been in Boulder Colorado as part of the most recent TechStars class. Their startup is a powerful translation platform that enables you to get connected to a powerful team of translators from your phone, skype or a web browser for real time translation. They also white label VerbalizeIt and make the APIs available to developers.

Techstars just held their 2012 Boulder Demo day on Thursday and by the reviews on the internet it was one of the best Demo Days to date.

There were a lot of cool and innovative startups at TechStars Boulder 2012 class this year. One thing we love about David Cohen and Brad Feld’s TechStars program is the fact that like 500 startups, you often find more startups from “everywhere else” then you do startups from the valley.

We got a chance to talk with VerbalizeIt back in July. Check out the interview below:

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Startup America Forms Partnership With CapLinked: Gives Members Access To Fundraising Tools

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The Startup America Partnership has announced another new partnership to offer exciting new benefits to members.

Startup America’s latest partner is CapLinked a company that offers fundraising management tools. To date CapLinked has help raise over $37 billion dollars for over 135,000 users.

This is the latest partnership announcement for CapLinked which is committed to helping startups in America. They recently announced benefits to those startups being accelerated by TechStars, Science and Dave McLure’s 500 startups. CapLinked will now give the over 8,900 members (and growing daily) of the Startup America Partnership.

Joining Startup America is free and the benefits are plentiful. Startup America offers their members hundreds of thousands of dollars in perks and discounts all available via a members membership management dashboard located at S.co Startup America’s website.

CapLinked’s platform includes private workspaces where entrepreneurs and investors can share fundraising documents and manage other transactions, as well as a network tools for connecting the two groups can meet. Now startups who are enrolled in Startup America will now get access to the company’s premium features, says CEO Eric Jackson. Those tools include workspace activity reports, multiple workspace administrators, the ability to create additional workspaces, plus more tools for networking with investors.

CapLinked joins the ranks of Dell, Microsoft, American Airlines, LegalZoom, .CO and many other companies offering useful benefits to Startup America members.

Linkage

Signup for Startup America here, it’s FREEStartup America here are more Startup America stories

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Seattle Startup: PlayMySurvey Makes Napalm Smell Better In The Morning INTERVIEW

If you’re wondering about the headline Seattle Startup: PlayMySurvey Makes Napalm Smell Better In The Morning, and you’re thinking that PlayMySurvey has to do with survey’s you’re actually right. However, in a light hearted interview with the Seattle based startup that was their first answer to what their company does.

Naturally, their real mission is clearly identified in the name. They make important survey’s more fun to complete by gamifying the survey system.

If Seattle makes you think of Mike Arrington, rain and metal and grunge music, then you’re not too far off. Derek, the co-founder of PlayMySurvey used to play bass for a pretty established regional heavy metal band called Hirmsa. Now he works a day job and has 99 other jobs (but the b*tch ain’t one, oh wait that’s problems), in running PlayMySurvey. He assures us though, like any good company, he has an Indian man doing all the grunt work for half the pay, but his man is actually in Washington State and not coding PlayMySurvey in between customer service calls for some big wireless company out of a Mumbai call center.

If you can tell from our lead in PlayMySurvey takes very important work and makes it a lot more fun. Not just by the duo’s great attitude in building a startup but by adding games and engaging designs into the questions themselves. According to Derek, there are a lot of survey companies and a lot of casual game companies in the Seattle and Redmond area. There’s a huge company in Redmond that not many take seriously these days. Roll that all into one and you have PlayMySurvey.

Check out our interview below

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Startup Interview With New York Startup: tipspring

More and more social startups are beginning to harness the power of the social web to replace traditional “word of mouth” advertising. It’s always been said that “word of mouth” advertising is the best way to advertise a product, service, brand, store or restaurant. In fact, we reported earlier this week on Barrel of Jobs, a Washington DC startup using the social web for “word of mouth” connecting jobs to good quality candidates.

New York startup tipspring is using the power of the social web and it’s “word of mouth” advertising to promote major brands. On their website they call tipspring a marketplace for sharing and saving, and who doesn’t like sharing and saving. Not only that but tipspring allows users to accumulate points to win some really great gifts.

tipspring’s founder Greg Doran has said that users have won prizes like $1,000 gift cards and VIP invites to top fashion shows in New York City.  What Doran has essentially done is taken many of the most popular brands who offer their own loyalty and reward programs and put them together in one central marketplace. Gone are the days that you have to sign up for twenty different reward clubs and then remember to go back and check them.

We got a chance to interview Doran about tipspring. Check out the interview below:

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When Bad Names Happen To Great Startups: Corpora And More NSFW

We were in Chattanooga Tennessee this past week covering GigTank’s demo day.  GigTank is a three month accelerator that was centered around building startups that utilized Chattanooga’s 1gb city wide fiber optic network. Chattanooga’s 1gb fiber optic network launched a year before Kansas City’s, Google backed 1gb network.

The first team that presented was a startup from Asheville North Carolina called Corpora. Corpora is a platform that uses social media to aggregate and crowdsource things on a grand scale. For the purposes of the competition they showed off how the service could be used to track medical conditions like allergy clusters. Corpora could also be used to source clusters of other conditions like a food poisoning outbreak or  conditions with widespread results.

One of the judges quickly shot the idea down by suggesting that they wouldn’t tweet about “a rash”. Aside from that, and if you can look past the medical vertical, there is a lot of data that could come out of something like Corpora. Although they didn’t win the grand prize of $100,000 they definitely have an idea worth continuing on now that the accelerator program is over.

So why is Corpora in the headline?

Well Thursday morning while sitting at the press table on the second row at the demo day presentations, I discovered something quite disturbing about Corpora.  I had just finished video taping their pitch and began to compile this story about Corpora. After writing a short summary of their presentation, and uploading the video to YouTube, I began to hunt for a logo for the startup. Like most people the first thing I did was a Google images search.

I wholeheartedly apologize to anyone reading this who was seated behind me and had their eyes on my monitor instead of the actual presentations. You see Corpora yielded a search for Corpora Cavvernosa. The first page of Google images results yielded over 25 pictures of penises. Some of the penises were pierced, some cut open, some were just medical illustrations. You see Corpora Cavernosa is the tissue part that runs on top of the urethra and fills with blood and expands as a result of nitric oxide during arousal. Yes Corpora Cavernosa is the actual part of the penis that “gets hard” during an erection.

In a half joking manner and in a half “WTF why didn’t these entrepreneurs vet this out better” manner, I texted a few of my colleagues who were sitting a few rows back (sorry Eric and Patrick) and of course they too saw the disturbing pictures that undoubtedly you’ve gone and Googled now as well.

Some may say that this is a minor thing, on the contrary it’s something that’s minor but could have been dealt with early on. They don’t actually have any significant brand presence at the moment.

We’re not totally in the clear either, however we knew about our issue early on and decided not to worry about it. There is an Urban Dictionary definition of niblets (with an s) that means something that may be a bit on the NSFW side (I’m sure you’ve Googled it now as well).

Our situation is a bit different, that colleague of mine I mentioned above Patrick Woods is a director at archer>malmo’s a>m ventures group. They specialize in branding, brand identity, advertising, and PR. Woods would love for us to change our name. When he thinks nibletz he thinks snacks, and now of course the UD definition we told him about.

Our name came about because we actually came out with our original tag line before the name itself, which was: “Small crunchy bytes from the tech and startup scene”. As a compliment to our huge Android site (which was sold in April) we came up with Nibletz last year. Our original plan was to do a capsulated version of tech and startups similar to what you would find on TechCrunch. We pivoted in January to “the voice of startups everywhere else” and kept the name.

Unlike Corpora we have an established brand presence so for now the name is the same.

a>m ventures has submitted a suggestion for a SXSWi panel/talk in 2013 called “When Bad Names Happen To Great Startups”. If selected archer>malmo’s Chief Creative Officer Gary Backaus along with their Senior Copy Writer will host and moderate a discussion on the importance of naming and having a great name that you can build an even greater brand identity with.

They’ll highlight some of the companies that have changed their names under archer>malmo’s direction and done very well.

Name changes happen for many reasons, but it’s much easier and a lot less costly when little nuances like your name being part of the word for erection, come up early on in the startup process. Even major corporations sometimes go through name changes. Phillip Morris Companies, the manufacturers of Marlboro cigarettes and one time owner of Kraft foods recently went through a name change to Altria. Of course for Altria many will always refer to them as Phillip Morris.

The Haloid Company was the first name for Xerox.  Lucky Goldstar, the Korean company that became LG, changed their name for better global adaption. Under the Lucky Goldstar name they released a number of very low end electronics, this may have had to do with the shift when they started shipping flat screens, and smartphones worldwide. Now with the shortened name they’ve adapted the slogan Life’s Good.

Many don’t realize that when they fly AirTran they are traveling on the same carrier once known as ValueJet Airlines. ValueJet quickly made a name for themselves in the early to mid 90’s until 1996 when a crash in the Everglades caused them to change their name permanently. Now, most people have forgotten (or didn’t know) that Airtran is ValueJet and just associate AirTran (a unit of Southwest) as a value carrier.

Our own word?

One thing we like about nibletz is that we’ve made it our own by swapping the S for the Z. Do we think we’re the next Google? No of course not but made up words can be fun. The downside to made up words is when you invert a letter like we did or use some other creative spelling that’s hard to articulate in speaking. We are forced to use some SEO ninja skills to help direct people who may be looking for us with an “s” and not a “z”.

We’ve also had a problem with good ole Heather who holds the Twitter name “nibletz” she used the name nibletz as her gamer name for many years and has tried to hold the Twitter handle hostage hoping we’ll pay her thousands of dollars to use it. Sorry we’re doing just fine wtih @startuptechguy my personal Twitter and @nibletztweets.

We’re hoping that the team behind Corpora will do something with the name (or flood the net with pictures to push down all those pictures of penises). We’re also hoping that archer>malmo will win a spot at SXSW for their valuable talk.

Linkage:

More great Chattanooga GigTank coverage here

Nibletz is the voice of startups “everywhere else” here are more startup stories from “everywhere else”

This may be our last crowdfunding campaign but we need it the most!

 

Interview With Ann Arbor Startup MyRepairFacts

Michigan has two great hot beds of startup and entrepreneurial activity, Detroit and Ann Arbor. We’re constantly seeing startups from both cities make news. We’ve profiled and interviewed quite a few startups from Michigan.

Ann Arbor startup MyRepairFacts is a new web 2.0 portal to connect used car buyers and enthusiasts to sellers and information. MyRepairFacts offers their users National Motor Vehicle Title Information Reports (NMVITS) for $10 less than most competitors at $24.99. Not only that though, they serve as a repository for information pertaining to anyone’s car.

Users of MyRepairFacts can start using the service when they purchase their new car. Then, every time they go to the repair shop for an oil change, a repair, a tire rotation, new tires, or any other history with their vehicle, they can scan in the receipt and other information to make a nice, neat file on their vehicle in the cloud.

Storing important vehicle information through MyRepairFacts keeps all your information in a centralized location for you in one area. It also frees up valuable space in your glove box. Now though, when you go to sell your car you can be equipped with the NMVITS report, CarFax and every receipt from everything you’ve done to the car. In effect, this will improve your bottom line when selling your vehicle.

After the user has put all their information in the system and they’re ready to sell their car they can share as much or as little of the online history with the buyer via email, Craigslist or any other site with a link from MyRepairFacts that’s good for 30 days.

We got a chance to interview MyRepairFacts CEO Andrew Ramirez about this new automotive related startup. Check out the interview below:

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