Memphis Bioworks’ ZeroTo510 Class “All In” On Everywhereelse.co Startup Conference

The Memphis Bioworks Foundation’s partnership program with Seed Hatchery, called Zeroto510, is all in for the upcoming everywhbereelsse.co The Startup Conference event in February in Memphis Tennessee.

All 6 teams that participated in the summer acceleration program housed at Memphis Bioworks Foundation in Memphis’ Medical District, have committed to “Startup Village Booth Space” where they will pitch their companies to over 400 investors coming from out of town. They’ll also get the chance to talk about the most successful acceleration program in the United States with over 85% of the initial class receiving follow on funding.

The program was spearheaded by Steven Bares, President and Executive Director of the Memphis Bioworks Foundation, Lauren Bigger, Program Manager of Bioworks Business Association, Allan Daisley Director of Entrepreneurship and Sustainability for the foundation and Eric Mathews and Andre Folkes, Co-President’s at Launch Your City, the Seed Hatchery arm of the program.

Innova, an early stage investor group and MB Ventures, both of Memphis, were also major partners for the ZeroTo510 program.

The success of the Memphis Bioworks, Seed Hatchery joint venture has trickled across the country an around the globe. That prompted Dr. Laura Faulconer who runs an incubator program in Australia, to recently visit the Memphis Bioworks Foundation and spend some time learning from Daisley as well as some of the Seed Hatchery team.

Bionanovations, HandMinder, NanOpthalmics, Randall Surgical, Restore Medical and Urova Medical will all be present during the everywhereelse.co conference where attendees, investors and other startups who may be looking to go the medical device route, will get a chance to speak with the founders. Many of whom, uprooted themselves from other cities like Atlanta, and Durham NC to work with the likes of Daisley and the Memphis Bioworks Foundation.

Shawn Flynn, co-founder of Restore Medical Solutions, a company that just raised a $2.5 million dollar Series A round, will speak on a panel at the conference called “Raising Money Everywhere Else”.

Bioworks has already said they plan on running the Zeroto510 program again in 2013 but may change the focus slightly to another medical related vertical that’s exploding in the region.

Memphis Bioworks, which serves as the epicenter for biosciences entrepreneurs, startups and acceleration functions to address three very important areas in a community that thrives with Biosciences innovation. Those areas are: Building Infrastructure, Growing The Workforce, and Promoting Entrepreneurship.

One thing that you rarely hear with an accelerator is that 100% of the teams that built their businesses during the ZeroTo510 program at Bioworks, have stayed in Memphis to continue to grow their businesses. While HandMinder has roots in the Memphis area, the rest of the teams have had at least one co-founder that’s relocated to the area.

Linkage:

More about Bioworks here

More about everywherelse.co The Startup Conference Here

Want to exhibit alongside the ZeroTo510 teams? Click here

Memphis Startup: AFocusED Path Starts Helping Students With Careers In Middle School

AFocusED Path was one of the four startups built during Memphis’ recent 48 Hour Launch for women as part of their new UpStart program. AFocused Path is essentially a social network surrounding a students academic life, and their support infrastructure. It’s also a great way to keep a child’s support network, no matter how close or far away they live from the child, involved.

Parents of school aged children can sign up for a free profile at AFocusED Path. From there they will add information about the student academically and socially as it related to their child’s development. Report cards, progress reports, key assignments, reports, intramural sports achievements, school play programs, you name it all of this can be added to a child’s AFocusED Path profile. This will serve as the ultimate archive for a child’s early years.

With all this information collected and displayed in a private social network, families are building an online resume of their child dating back to the earliest years. Long gone are the days of throwing shoeboxes filled with photos away during the next move.

This aspect of the the platform is also great for keeping aunts, uncles, grandparents, friends and other supporters, up to date with a child’s progress, achievements and areas of improvement. Now grandma and grandpa in Florida get to participate more actively in their grandchildren’s lives. If the student got good grades they can leave praise, if they are having a rough period they can be there for support.

Eventually the startup would like to add other key players in a child’s scholastic career in the platform as well. Guidance counselors, teachers, and coaches could all be involved in the overall well being of the child through their school career and then even onto college.

The second part of AFocusED Path is equally as interesting.

Usually when a student hits 8th grade they start getting the first real inclination of what they may want to do when they grow up. Whether the child wants to be a doctor, vet, counselor, entrepreneur or an electrical engineer, AFocusED Path is able to help create a clear plan as to what the child should be doing in their school years to prepare for college in that field.

The system will know what classes to get and what grades to maintain and if that student is underperforming or overachieving when it comes to those goals.

Naturally, starting a career path at 8th grade usually means a pivot or three and AFocusED path can accommodate that pivot and several others. The platform can also let a student and their support system know how hard it will be to change career paths at whatever point they make that decision.

They hope to become the goto social platform for everyone scholastically prior to college.

Denise Davis PHd and Rod DeBerry are the two founders behind this new startup and they are anxious to get it moving. They worked relentlessly with their 48 Hour Launch team to perfect their pitch as well as starting their social media channels. Check out their Friday pitch video:

Here’s the pitch video from Sunday evening:

Linkage:

Check out UpstartMemphis here

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Month One In A Startup Accelerator, Cliff McKinney CEO, Work For Pie

“This is my rifle. There are many like it, but this one is mine.”

So I’ve started a couple of companies before. Okay I say “started companies,” but I don’t really
mean either of those words. I just incorporated some ideas I had. I got business cards with my
name on them. I built a little website for interested people to sign up. One of them even earned
me a little play money. But in truth, I was just playing house.

When I walked in the door a month ago at Seed Hatchery, a startup accelerator in Memphis,
TN, I hadn’t discovered that yet. In my mind, I was kind of a badass. I had read more books
about entrepreneurship than anyone I knew. I had listened to every episode of This Week in
Startups. Hell I even suffered through a few episodes of This Week in Venture Capital. My
team had a GREAT idea that NOBODY ELSE was doing (or doing well, at least), and I had this
awesome, undiscovered savant of a co-founder and we were just going to waltz in there and
kick serious butt.

And day one was awesome! I was part of a special fraternity of entrepreneurs, and we were all
going to change the world. It was all champagne and roses. And I really felt that way. It was
wild man. Like livin’ on Haight in ’67.

Then the rest of the week felt something like this:

“Your idea sucks. No one is doing it because it sucks. You haven’t thought it through, you
haven’t done a bit of customer research, and it’s amazing that you didn’t have the good sense
to realize it before you walked in this door. You are only slightly less likely to fail because you’re
here than you were before you got here, which is to say that the likelihood of your failure just
went from 100% to something closer to 99.5%. Your pitch sucks. It’s too long. Where’s the
real pain? Are you solving a real problem? Your presentation isn’t that great either. Too many
words, not enough substance. You’re half as talented as my mother and you’re in Memphis-
freaking-Tennessee. They don’t give money to stupid people here. They don’t even give it
to smart people. You have 90, 89, 88, 87, 86 days to make a great product, and you haven’t
shown me anything that makes me believe that will happen yet…”

Thank you Drill Sergeant, may I have another?

It was an awakening, to say the least. Turns out everything I thought mattered didn’t, and
everything I thought was true wasn’t (except for the bit about the genius co-founder), and
everything I had learned wasn’t relevant anymore. By the end of that first week, I was huddled
in a corner with my rifle, crying, hoping the whole thing would just blow up and take me along
with it.

“Okay, forget everything we just said.”

But I kept coming back, because it was the most awesome thing I had ever done. Humbling,
yes, but awesome nonetheless. I was doing THIS. I was being brought to my knees HERE,

doing OUR THING. We didn’t answer to anyone but ourselves. We were keeping late nights
because we wanted to, not because some freaking busybody micro-manager in another
department needs her TPS reports by noon tomorrow. We were living the dream!

And we were getting better. Bit by bit. By week two the pitch had improved. We met mentors
who had been there and were willing to guide us through the trials and tribulations. We were
doing customer research and starting to turn our crappy little idea into something that just
might work. We had this amazing, awesome group of cohort companies, each with great
entrepreneurs and talented individuals, helping us along the way. We were making progress,
and we were doing it at a speed that my counterparts in “the real world” wouldn’t even be able
to comprehend.

So three weeks in we said “okay, forget about everything we just said,” and changed just about
everything about our original idea. Three days (and about 12 hours of sleep) later, we pitched
that new idea to investors for the first time. We had come far enough to be able to say “yeah,
this one is going to be better, and it’s okay that we have to scrap a bunch of stuff to make it
work.” It was progress, and the investors noticed. It IS a better idea, and they knew it. And we
had survived. It wasn’t pretty, but we had survived. At least the first battle.

“You think Grendel’s a bear–you should meet the mother!”

Things aren’t any easier these days. Not at all. Sleep still comes in short bursts. The pressure
is building as we get closer and closer to demo day, and the expectations are higher because,
somehow, we’re infinitely better than we were when we walked through the door a month ago.
We’ve got a month to build a product that thousands of people will one day use. 31, 30, 29, 28
days. They pass before we even know what hit us.

But the false hope that got turned into realistic doubt in that first week is creeping into the
territory of realistic hope. And what we’re hearing in week five sounds a bit more like this:

“Your idea sucks, but you’ve got time to make it better. You haven’t thought it through, but
you’ve got the tools to do that now. You haven’t talked to your customers enough, but we’re
going to help you do that. And no matter what you think, we didn’t bet on your idea. The only
thing you brought with you was you, and you are what we bet on, not your stupid idea. You’ve
got a shot at this. Keep going.”

Here’s hoping that kind of talk continues…

Author Biography:

Cliff McKinney is CEO of Work for Pie, a company that is changing the way software developers
get recruited and hired by changing the way they communicate with companies. He and his
team have conducted countless interviews with both developers and the companies that hire
them. You can find him on twitter at @cliffmckinney.

Linkage:

Learn more about Seed Hatchery, the accelerator WorkForPie went through, here

Are you coming to “everywhereelse.co The startup conference”

Check out Work For Pie here

Founder Of Memphis Startup Mentor.Me Crowdfund’s In Person For Everywhereelse Booth

This weekend was a big weekend for Memphis entrepreneurs, specifically women founders and entrepreneurs. Upstart Memphis, the latest initiative by Launch Memphis, officially kicked off with the 48 Hour Launch, women’s edition. During the 48 hour period four women CEO’s from Memphis built 4 exciting new startups; Care2Manage, AfocusED Path, Pink Robin Avenue and Mentor.me.

Throughout the weekend the women were rushing to gain as much business knowledge as they could, test their idea out and validate it with customers, and work on their pitch deck. They were also competing for a free booth space at the upcoming “everywhereelse.co The Startup Conference” event being held in Memphis in February.

The three day event is bringing entrepreneurs, founders, and investors from across the country and around the world to Memphis for three days of startup knowledge. A smorgasboard of panels, discussions, fireside chats, networking opportunities and parties. There’s a huge list of nationally known speakers as well. (here’s more info on the event).

Mentor.me is solving a big problem for non profit groups that are linking mentors with mentees. Until now the systems used by most mentoring non profits has been flawed.

For instance Brittany Fitzpatrick said in her pitch that a few people she knows that connect mentors and mentees have to go through thousands of applications and then they link mentors with their mentees by looking at a simple sheet of paper. This paves the way for bad connections and relationships. We also learned that most mentor relationships dissolve in six months or less and that’s actually worse for the mentee than not having been mentored at all.

Check out Mentor.me’s Friday pitch:

And here’s Fitzpatrick’s Sunday pitch:

Fitzpatrick’s web based platform will allow both mentors and mentees the opportunity to build a much more robust profile with likes, interests, needs and goals. This way both the mentor and the mentee have a better chance at vetting each other out to see if they’re likely to be compatible.

When the judges convened after hearing all four pitches on Sunday evening it was a very close call between Mentor.me and the startup that won, Pink Robin Avenue.

Undeterred, once Fitzpatrick realized she wasn’t the winner she started approaching the folks in the audience with a simple proposal, help me get my startup into the conference.

Very quickly Fitzpatrick got sponsored to the beat of $265 and at that point I kicked in the last $30 to get her startup into the conference.

Hopefully both Fitzpatrick and the winner Danielle Inez, will wow the investors the way they wowed the judges this weekend and raise some venture capital.

Linkage:

Check out Upstart Memphis here

Check out “everywhereelse.co The Startup Conference” here

Memphis Startup: Pink Robin Avenue Wins Free Booth At Everywhereelse.co

This weekend was Upstart Memphis’ 48 Hour Launch weekend. Upstart Memphis is the newest initiative for Launch Memphis the catalyst behind all things entrepreneurial and startup in Memphis Tennessee. Upstart Memphis is about helping women entrepreneurs and startup founders through fellowship, education and events. 48 Hour Launch, Memphis’ take on Startup Weekend, was the first big even for the organization.

Launch Memphis has held several 48 Hour Launch events. They function the same way most weekend startup hackathons function. This time was a little different though because all of the ideas pitched needed to be led by women.

Care2Manage, A focusED Path, Mentore.Me and Pink Robin Avenue were the four ideas picked to build throughout the course of the weekend. As you can see from both the Friday and Sunday videos for each startup, they got a lot of work done.

Danielle Inez and her Pink Robin Avenue was the prevailing winner though, even after an original judges tie.

Pink Robin Avenue is an easy way to plan and decorate for an event. For those who like it broken down in it’s simplest form, Pink Robin Avenue is an “event in a box”.

Inez and her team used the weekend to work on their business plan, website, social channels, customer discovery and preparing a great presentation. Inez brought out her bubbly personality and really shut the crowd down with her enthusiastic responses to every part of the Q&A, having a sensible answer for every question thrown her way.

While Inez will initially grow Pink Robin Avenue in Memphis she plans on expanding nationwide and helping people plan events, and get all the decorations they need from top to bottom in a box delivered to their door step, instructions and all.

After checking out her Sunday pitch video you’ll see why she ended up winning a free Startup Village booth at everywhereelse.co The Startup Conference. Inez will be very busy over the next two months making sure that her idea is ready for prime time and ready to go onstage in front of over 1500 people, 400 of them investors.

As a testament to the weekend startup hackathon building model check out her Friday pitch here:

and here’s her wining Sunday pitch video

Linkage:

Get your ticket or booth space at everywhereelse.co The Startup Conference, the largest startup conference in the United States, by clicking here.

Find out more about Upstart Memphis here

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Startup Communities: Celebrating Victories

Brad Feld, startup investor, co-founder of Techstars, co-founder of Foundry Group, Marathon Runner, and huge startup community evangelist offers lots of great advice in his recent book on startup communities. One of the things that he speaks about when talking about startup communities is celebrating a startup community victory.

Earlier this morning we reported that Memphis startup accelerator grad Restore Medical Solutions has raised a $2.5 million dollar series A round.

That’s a huge victory for not only Restore Medical Solutions but for the Memphis Startup Community.

Linkage:

Original story

Come to Memphis for the biggest startup conference in the US

Memphis Startup Restore Medical Raises $2.5 Million Seed Round

Restore Medical Solutions, Memphis startup, Zeroto510,funded startup

Shawn Flynn (L) Ryan Ramkhelawan (R) founders of Restore Medical Solutions

Memphis’ startup community has kicked it into high gear as of late. In 2012 Launch Your City, the organization behind the Seed Hatchery starutp accelerator, the Launch Pad free coworking space and Launch Memphis, the curriculum arm behind Memphis’ startup ecosystem, had a big year. They saw two cohorts go through their Seed Hatchery program this year. One group of web/tech entrepreneurs took their startups through Seed Hatchery. The other group went through a collaborative effort between Seed Hatchery and Memphis BioWorks called Zeroto510.

The Zeroto510 program is a medical device startup accelerator that relies on Bioworks for the medical part and Seed Hatchery for the startup, and business development portion of their training. After a rigorous accelerator program, and an intense demo day in May, the six startups in the program saw 85% follow on funding. Four of the graduating startup companies received $100,000 investments from MB Ventures and Innova. The fifth startup, Restore Medical Solutions, raised a $2.5 million dollar Series A round.

It’s no wonder that Restore Medical Solutions was able to close such a large round. Co-Founder Shawn Flynn announced that the company had a $3.75 million dollar purchase order, during his investor day pitch.

Restore Medical Solutions has come up with a concept and system to more efficiently sterilize surgical instruments. When we first met with Flynn and Co-Founder Ryan Ramkhelawan explained that not only was the current system for sterilizing surgical instruments filled with flaws, to a degree it’s also dangerous.

Currently surgical instruments are grouped in sets according to the surgery that the operating room is performing. The instruments are kept in a sterile container/tray until they are brought up to the surgical suite and used. However, if one piece of equipment is either missing, or shows signs of not being completely sterilized, the entire set is deemed unusable and another set is ordered up.

The problem with that is most hospitals don’t have a bunch of reserve sets for the operating rooms. The sterilization team has put together the sets based on that days surgeries. Waiting on instruments to be re-sterilized and recompiled can take hours. At that time the patient is either kept under anesthesia or they are woken up, either option can have risks.

Not only that but some hospitals still use sterilization procedures that are likened to the way silverware is washed in a restaurant, everything dumped on one big tray and run through a dishwasher type sterilization machine. The problem with that is the instruments at the bottom may not be as sterile as the instruments on the top. This is often the cause of hospital born infections.

Restore Medical Solutions system makes the process quicker, more efficient and completely sterile.

Flynn and Ramkhelawan get anxious and excited when talking about their process and the upside potential for hospitals. With the reduction in time, the more efficient sterilization and the cut down on infections, Restore Medical Solutions is in the business of sterilizing instruments, but more importantly to the bottom line, driving costs down. Quicker turn arounds in the sterilization process also mean quicker turn arounds in the operating rooms, and more surgeries.

How much money? We’re not talking a thousands here or a thousand there, we’re talking tens of millions of dollars per hospital.

The duo behind Restore Medical Solutions has already pitched a number of hospitals in Tennessee and along the east coast. To date they are proud to announce that they’ve at least secured a follow up meeting and in other cases, purchase orders.

While a $2.5 million dollar Series A round is great for the company and will allow them to start producing to fulfill their purchase orders, it wasn’t always easy. Both Ramkhelawan and Flynn quit their good paying day jobs in Atlanta to relocate to Memphis for the ZeroTo510 program. The program gave them a $50,000 seed round but waiting for that initial funding they were sneaker-strapping it like the rest of their cohort.

Both men left families back in Atlanta and Ramkhelawan and his wife had just had a new baby daughter. With kids, families, and houses in Atlanta these two middle aged entrepreneurs set out to live the ramen noodle eating, hipster lifestyle. They immediately went on the grind to make things happen.

And happen it did.

After finding out about the ZeroTo510 program from a friend of Flynn’s who has a marketing business in Memphis the two made the trip to Memphis to scope out the city and the program. They immediately fell in love with the town. They are sharing an apartment literally within feet from the new corporate headquarters for Restore Medical which officially opens Friday.

For what they’re doing, both entrepreneurs admit that the Memphis startup ecosystem is further along than things are in Atlanta. New initiatives have begun in Atlanta which will be great for the region but Memphis is already doing it. Also, Jackson Tennessee is doing it as well. Both entrepreneurs spend time in Jackson, helping to further that cities entrepreneurs along as well.

Flynn and Ramkelawan give a lot of credit to Launch Your City’s Eric Mathews and Bio Works’ Allan Daisley who were instrumental in the Zeroto510 programs inaugural class.

Linkage:

Check out Restore Medical here

Check out Zeroto510 here

Apply for Seed Hatchery’s next session here

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Come to Memphis for this big gigantic startup conference here

Startups Get Your Seed Hatchery Application In Before Christmas (Dec 23 Early Application Deadline)

While Santa is making his list and checking it twice, early stage startup founders across the country and around the world are checking off startup accelerators on their list. Seed Hatchery, the startup accelerator in Memphis Tennessee should be one of those accelerators. They’re looking for the type of entrepreneurs that are committed to growing their startup long term and aren’t afraid of hard work.

Seed Hatchery is now taking applications for their third class. The cohort based accelerator will begin in February and run for three consecutive months. At the end of the session you and your company will be ready to pitch real investors for opportunities to invest in your business. In the meantime you’ll be backed by the 3M’s Money, Mentors and a marine style bootcamp, in Memphis.

Although sometimes overlooked, Memphis is one of the most entrepreneurial minded cities in the world. Going back nearly 100 years, Memphis Tennessee was the epicenter for this little thing called “cotton” you may have heard of it. It was cotton and the cotton exchange that spurred one of the largest investment banks in history, Lehman Brothers.

Beyond that, other globally known phenomena like rock music (the blues), Elvis Presley, and R&B radio have their roots firmly planted in the Bluff City.

Is that not enough? Perhaps you’ve heard of this company that delivers packages via planes and trucks, overnight, yes FedEx was born and based in Memphis. Holiday Inn was born in Memphis as was Serv Pro, and Autozone. Even Debbi Fields, Yes Mrs. Fields as in cookies, calls Memphis Tennessee home.

With an entrepreneurial pedigree like that you can be assured that the mentor pool for the 2013 Seed Hatchery CoHort will be stronger than most regional accelerators Seed Hatchery’s size.

Seed Hatchery was the partner for the recent Zeroto510 medical device accelerator in Memphis where 5 of the 6 teams received follow on funding of over $100,000. One of the teams went on to immediately raise over 2 million dollars. While some startup communities are still just getting started, Seed Hatchery is backed by Launch Your City which has been working on strengthening entrepreneurs and their startups for the last six years.

If you’re a Memphis area entrepreneur or in any area and ready to relocate to Memphis it’s a great place to work and a great place to build a business. Not only that, but even though the accelerator is in the thick of the winter, it’s never ver cold in Memphis.

If you’re startup is chosen to participate you’ll receive a seed investment of $15,000, access to a very strong mentor network and a strong investment community. Seed Hatchery is looking for startups that are in the area or willing to relocate for the entire 90 day cohort and stick around Memphis to tap into the investor, entrepreneurial and startup community in the region after that. To kick off your stay in Memphis TN every team and their members selected for Seed Hatchery will receive a free ticket to the three day startup extravaganza known as “everywhereelse.co The Startup Conference” where you’ll get to see the great speakers already announced and have a small group session with recent graduates from TechStars, 500Startups, The Brandery and previous graduates of Seed Hatchery.

Applying is free and the application is open now. It’s not for the faint at heart but if you’re passionate about your idea and hard working, if you’re not afraid of rolling up your sleeves this is for you.

Hit the links below.

Linkage:

Here’s the application for the 2013 Seed Hatchery cohort

Seedhatchery.com

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Startup First! Memphis Startups Pitch Federal Court Judge As Part Of Amazing Risk GEW Event

Screwpulp,GuildLocal,Memphis Urban Farm School,Launch Memphis,Memphis startup,startups,Judge Fowlkes, startup pitch

Memphis startup founder Rich Billings pitches ScrewPulp to Federal Court Judge John Fowlkes

For the third year running the state of Tennessee has held the most officially sanctioned Global Entrepreneurship Week (GEW) events with 91. One of those events as part of Memphis’ GEW activities is the Amazing Risk scavenger hunt.

A call was put out a month ago for startups to apply to compete in the Amazing Risk challenge. The field was narrowed down to three startups; Screw Pulp, Guild Local and the Memphis Urban Farm School. These three startups are competing for $10,000 in cash and prizes (services).

The three startups began the day at Risk City Field Day in midtown Memphis. At 10:00am all three teams were given clues to what they had to do to earn up to 1100 points. At the end of the day the team with the most points will win the prize pot.

The participants had to go to local eatery South Of Beale and pitch one of the waitresses. They also had to pitch Marvin Stockwell the Marketing Director at one of Memphis’ big social entrepreneur examples, the Church Health Center.

Finally the last clue had the teams headed to the Memphis Civic Center downtown which is the collection of state, local and federal buildings. From there they needed to interrupt President Barack Obama appointed Federal Court Judge, John Fowlkes, and again give their pitch.

Judge Fowlkes is no stranger to the Memphis entrepreneur community. His oldest son Andre Fowlkes is the Co-President of Launch Your City, the startup and entrepreneurial epicenter for Memphis Tennessee. While Judge Fowlkes was in on the contest, no one else in the courthouse was, which made the experience a bit challenging at first.

Once each of the three startups arrived in the court room, jitters and nervousness went on extra high. It’s one thing to pitch a room from of entrepreneurs and startup leaders. It’s another to pitch a sitting Federal Court Judge, in open court.

The first startup to arrive in Judge Fowlkes’ courtroom was, publishing alternative startup, Screw Pulp. Screw Pulp is a web platform that allows independent publishers to publish their books. Their book is originally given out free to a certain amount of readers who agree to review the book. After the first hundred copies are given away and reviews are accumulated ScrewPulp then begins to sell the book online in a more traditional manner.

Check out the ScrewPulp Pitch here:

Wes the founder of Memphis Urban Farm School was next to pitch in the courtoom. Judge Fowlkes and his clerks had plenty of questions for Wes.

Just before the judge’s lunch break the team from Guild Local arrived. They did a decent job of describing their startup but Judge Fowlkes still had questions.

We’re pretty sure this is a first for any startup to have to go and pitch a judge, much less a Federal court judge. Later in the day we’ll find out which team won the most points in the Risk City, Amazing Risk Challenge.

Linkage:

Launch Memphis is here

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Autozone Founder Pitt Hyde Puts Memphis Entrepreneurs & Startups In The Zone

Pitt Hyde, Autozone,Startups,startup,Memphis startup,startup news, New Memphis Institute

Autozone founder Pitt Hyde speaks to entrepreneurs and startups at New Memphis Institute Luncheon (photo: nibletz.com)

One of the keys to success of any startup community is the participation of the communities entrepreneurial patriarchs. Most cities across the country have at least one, if not a handful of companies that laid roots in their town.

Take St. Louis for instance. Anheuser-Busch, the billion dollar beer company that eventually sold to In-Bev, was founded in St. Louis. Through the years the Busch family was very active in the entrepreneurial community, and that activity has transcended through generations. Now Busch off spring like Rick Holton Jr are fueling the current startup and entrepreneurial growth, even at a grass roots level with things like Arch Angels, Arch Grants, VentureSTL and Cultivation Capital.

Memphis Tennessee was the founding home for major corporations like FedEx and Holiday Inn. Although their first store was just down the road in Forrest City Arkansas, AutoZone’s next three stores and their corporate headquarters were (and still are) in Memphis Tennessee.

Joseph R. “Pitt” Hyde III, started AutoZone in 1979 as part of the family business Malone & Hyde. At a luncheon today in Memphis Hyde recounted the early days of AutoZone and it’s first store opening in Forrest City Arkansas, opening the next three in Memphis a few weeks later. But he knew when he began the auto parts giant that he needed to be in it and committed to it for the long haul.

Hyde was fortunate to grow up in a family full of entrepreneurs. After earning his degree in economics from the University of North Carolina, Hyde went on to join the family’s wholesale food company, Malone and Hyde. Hyde was the first president of Super D Drugs in 1968 and then went on to be elected President at Malone & Hyde where in 1972 he was elected chairman. For the next 10 years Hyde was the youngest CEO of a company on the New York Stock Exchange. He was also the sitting chairman of Malone and Hyde when it was the first public company ever acquired by KKR, the company that eventually bought out RJR Nabisco.

Today wasn’t for the history buffs though. Hyde was the keynote speaker and the panel moderator for the New Memphis Institute’s “Celebrate What’s Right” “Memphis’ Net Goolden Age of Entrepreneurship Luncheon”.

Although some may consider Hyde an old school, passionate, cut throat CEO, he has the full range of experience and proven results as an entrepreneur.

Hyde talked about one of his company’s GTX. The medical device company was trying to raise money early on. Hyde made the trek up the east coast and eventually to the west coast, the valley and Paolo Alto. He found that most venture firms were willing to invest, if he would relocate the company to wherever they were based. Needless to say Hyde was not having that. That’s why today he sits as Chairman of Memphis BioWorks.

Hyde has undoubtedly had major entrepreneurial success in his lifetime. At a time in his life when some CEO’s choose to retire, Hyde still runs a variety of companies and sits on several boards. But it’s entrepreneurship and startups that Hyde is particularly passionate about.

At one point in his talk Hyde mentioned that many cities “economic development committees” chose to court existing companies to open branches, locations or warehouses in their cities. Some EDC’s even try to lure data centers and car plants. Hyde said that these companies won’t be as vested in the communities as companies that emerge from the city.

The audience at the New Memphis Institute Luncheon was a mix of startup/entrepreneurial community stake holders along with several tables of students in entrepreneurship from the FedEx Institute of Technology and entrepreneurial programs on the campus of the University of Memphis.

Linkage

New Memphis Institute

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And hey, this is also in Memphis

Memphis Entrepreneur Launches Phone & Personal Protection Startup Coyote Case

Memphis entrepreneur, Jonathan Page has just launched an Indiegogo campaign for his new startup Coyote Case. Coyote Case uniquely blends personal protection with phone protection.

Sure we’ve seen phone cases that hold pepper spray and even one that has a taser gun built in, but Page’s case is different. The Coyote Case features a 100db personal alarm which makes one heck of a noise if someone pushes the button and is being attacked. But in the infamous words of people like Billy Mays… But Wait There’s More…

With the Coyote Case there’s actually much more.

In addition to the personal protection alarm, Coyote Case has a bluetooth chip built into the case housing. It’s also integrated with a battery that will last well over a year. The BlueTooth is used to communicate with an app that’s on the smartphone. Using the app, a user can set up an emergency list for an outgoing text message.

Combining the Bluetooth technology, GPS and SMS technology the app within the phone will send an emergency text message to those on the list. If your alarm company, or University security is set up to receive text messages you can add those folks to your emergency list as well. When the app sends out the text message it will also send out your GPS coordinates so that your ICE (In Case Of Emergency) contacts know that you need assistance and exactly where you are.

The idea came to Page after his college aged niece visited him from Nashville last year. Page’s niece had told him that she was nearly attacked while walking back to her apartment at night. When Page found this out, not only was he scared for his niece he went out searching for more information .He found some startling statistics from the Department of Justice website that he talks to us about in the interview video below.

Not only were the statistics shocking for females in general but it was revealed that girls between 18-24 were at an even higher risk. When Page found this out he immediately set out on the idea for the Coyote Case.

Page is trying to launch Coyote Case without giving up any equity to traditional venture capital investors so he’s taken to Indiegogo where you can contribute to CoyoteCase and get early access to the life saving, and phone protecting case.

Check out our video interview with Page below and the links to the Coyote Case are in the Linkage section. Coyote Case will proudly be exhibiting at everywhereelse.co The Startup Conference, and you can too.

Here’s that video:

Linkage:

Check out Coyote Case here

Support their Indiegogo here

See them live and in person here

Stay Tuned In With Memphis Startup StayTunedIn, Pitch Video

Over the weekend we brought you the story of Memphis entrepreneur Aaron Prather and his new idea, which is now called StayTunedIn. StayTunedIn is a new web based platform tool for publishers that allows publishers and editors to keep their finger on the pulse of their readers.

The concept is simple, in fact it’s so simple it’s one of those “Why didn’t I think of that” think of that kind of ideas, well the reason you didn’t think of it is because Prather did.

StayTunedIn is essentially a button that will automatically be placed at the end of a piece of content from a participating publisher. If you want follow up information on that particular piece of content, clicking the button will let the publisher/editor know that you want follow up and when they post a follow up story you’ll be notified.

Say you read a story about a local man that rescued people from a car wreck. Maybe you would like to know what happens next with the “hero” and the people he rescued. By clicking the button you’ll get that content.

Sure their are Google alerts and sites like reddit that offer a similar type of service however it’s not actual follow up and we all know that Google alerts can be messy. This is specific content from the same source. Now you can really keep track of a story.

On the publisher side the tool is great because it lets publishers and editors know exactly what their reading audience wants to read.

Publishing giants across the country have all echoed the same theme. For big sites like the Wall Street Journal and the New York Times, the problem isn’t readership the problem that they face is getting people to come back over and over again.

Raju Narsetti the managing editor of the Wall Street Journal’s digital network recently said:

“A promiscuous audience is our new reality. Are our news rooms ready to give them an experience worth coming back to, over and over again?”

Larry Kilman, the Deputy CEO of The World Association Of Newspapers echoed Narsetti’s sentiment saying:

“We are not losing readers, we are losing readership. Our industry challenge is engagement. Because someone is a subscriber does not make him a loyalist.”

One major way to get readers more engaged is to give them the content that they want. With StayTunedIn publishers have a better opportunity to do just that.

While Prather worked hard over 48 Hour Launch with a team of Memphis startup community members, he said the work is just beginning. The opportunity for StayTunedIn is too large to abandon after one weekend. In fact he already has commitments from some of the bigger local publications to try the service out when he has it up and running.

Check out his Sunday pitch video here:

Check out his Friday pitch here:

Linkage:

More 48 Hour Launch Coverage here

What is “everywhere else” well you need to be here

Memphis SMB Green Girl Produce Ignites Startup Vs SMB Debate, But Plan Is Great For Memphis!

While there’s been much debate in the Nibletz office and surrounding areas over the past 72 hours on whether or not this idea counted as a “startup” it’s still a good idea and a good idea for Memphis Tennessee at that.

Emma Self, pitched her “Green Girl Produce” business idea on Friday evening at LaunchMemphis’ 48 Hour Launch. 48 Hour Launch is a weekend startup hackathon. The “startup vs SMB” debate was alive and well this weekend with everyone I talked to about this business.

The debate about “Startup vs SMB” in Self’s case has NOTHING to do with technology. There is another woman in Memphis who has come up with a new way to remove acrylic nails without the harsh abrasiveness and damage to the nails that traditional methods have caused. To me, the young lady with the nail solution is a startup. Green Girl is not.

Here’s why:

While it’s become a growing trend in the last few years, there is NOTHING new about urban, vertical, hyrdoponic green houses. Hydroponic greenhouses have been sprouting up (you see what I did there) across the country and around the world for at least the last decade, possibly two. Heck, stories of people being busted growing illegal substances in green houses trace back to the early 90’s.

As I explained to Launch Memphis intern Andy Cowan, in my argument, if there were no hamburger restaurants in Memphis Tennessee, anywhere, and there were everywhere else across the world, I wouldn’t consider Memphis’ first hamburger restaurant a “startup” just a new business idea for Memphis.

Steve Blank describes the debate between “startup vs SMB” as SMB’s being lifestyle businesses and startup founders working to save the world.

I will tell you that I’m confident that Self is passionate about changing her corner of the world, Memphis TN, but still not sold on it being a startup.

So now that we’ve got that out of the way, let’s take a look at the business plan. It was a good business plan.

Self has obtained an abandoned liquor store in downtown Memphis (currently abandon business sites are abundant in downtown Memphis). There is approximately 1200 square feet of growing space in the liquor store. With a $200,000 investment Self will be able to make the necessary changes to the liquor store to accommodate her green house, and start her first cash crop.

The conversion will take about a month and after planting, she’ll be raising cash crops in two weeks, using LED technology. Self doesn’t have the $30,000 bill for the LED equipment though as she’s participating in a beta test with a new product.

In her market research Self found out that restaurants, and even the local vegetable distributors are paying upwards of $100 a pound for micro-greens.

Micro-greens are greens that chef’s are using to “make dishes pop” as garnish and extra flavoring. According to a local Chef we talked to on Sunday night, micro-greens give dishes a lot more flavor and pizaaz than say parsley but even his establishment stopped using them because of the cost.

Self can get that cost down to under $40 per pound and still produce $1 million dollars in revenue with that one location.

The community picked Green Girl Produce on Friday as one of three companies to build out over 48 Hour Launch. Self was able to connect with valuable resources in the community members that helped her with her plans.

archer>malmo, the south east PR/advertising giant was on hand all weekend. In fact a team of 6 stayed throughout to help with logos and concepts. The archer>malmo team was especially helpful to Self. They developed her logo, branding, and helped her visualize the supply chain.

Did Self do a great job this weekend. Yes! Did she utilize the resources to her and take advantage of the weekend concept Yes! Is Green Girl Produce a “startup”… Call me a “startup snob” but I don’t think so.

Check out her Sunday pitch video below. Now keep in mind that Emma is not one of those startup junkies who’s seen a hundred pitches. I think she did a heck of a job in front of the audience but she is definitely a bit nervous.

Linkage:

More 48 Hour Launch coverage here

Got your ticket yet? Come on down to Memphis

Memphis Entrepreneur Abandons Startup To Launch Startup To Sell Startups

Confused by the headline? Don’t be. Memphis Entrepreneur Harold Strong launched a photo sharing startup called YaDoog at 48 Hour Launch back in June. The premise for YaDoog was a little different than other photo sharing startups. Strong wanted people to share their photos in an organized “day in the life” manner. The idea was going to be perfect for wedding days, a newborn’s arrival, and other significant life events.

Strong had a lot of support at that 48 Hour Launch and his idea was selected to build out. After one heck of a great Sunday pitch Strong was feeling great about the idea. It appeared that he was building off the momentum but as with a lot of weekend startup hackathon events, many of the team members went back to their normal lives come that Monday morning.

Strong abandoned the idea in time for Startup Weekend Memphis later this past summer.

That’s when he came up with Acquire For Pennies. This new startup idea makes sense. The premise is an online auction site or e-commerce platform where startup founders can sell their startup idea and the accompanying intellectual property easily.

The idea is perfect for people who develop good ideas at weekend startup hackathon events like 48 Hour Lunch and then don’t have the time to follow through. Another great use case would be serial entrepreneurs who are more idea people rather than follow through. Some entrepreneurs know they have a good idea and then they’re struck with another great idea.

With Acquire For Pennies, any entrepreneur or founder can sell their idea.

Strong has already thought of a way to handle the sale of the idea and intellectual property without disclosing the entire idea in public view.

After pitching at two different weekend startup hackathon events, the June 48 Hour Launch and Startup Weekend, Strong’s Friday pitch for Acquire for Pennies was great. By Sunday evening we’ll see how well the weekend fared for Strong.

Here’s the Friday Pitch:

Here’s Strong’s pitch for YaDoog from June

Everyone’s talking about this event “everywhere else” click here