Reflections & analysis about innovation, technology, startups, investing, healthcare, and more .... with a focus on Minnesota, Land of 10,000 Lakes. Blogging continuously since 2005.

Tag: entrepreneurs (Page 2 of 2)

The Best Advice I’ve Seen Lately On Using Startup Advisors

Seth Levine is a VC in Boulder, CO, a partner with Foundry Group. I kinda know Seth, through his connections to the Twin Cities (he’s a graduate of Macalester in St. Paul), though we’ve never actually met.  We’ve emailed quite a bit about goings-on here in Minnesota, after having just missed each other at the Defrag conference in Denver last November.  Seth and his fellow partners are quite the bloggers. One of his sidekicks, Brad Feld (whom I did meet at Defrag), has a very popular blog called Feld Thoughts. And they also run another blog that has high readership in the entrepreneurial community called Ask the VC.

Seth’s blog is called Seth Levine’s VC Adventure. And, recently, he began a series of posts on startup advisors, a topic near and dear to my heart. Advicedefinition
In a departure for Seth, the posts are actually written by a guest poster, Gerald Joseph.  Part I was good, but Part II is even better: The role of company advisors (Part II).

Here’s how Seth explained how these posts came about:

“One of the things I enjoy the most about writing this blog is the discussion I engage in with readers – both through blog comments and in direct emails.  Over the past month I’ve had a particularly enjoyable exchange with Gerald Joseph.  One of the topics we’ve discussed is the role of advisors in the life of a start-up.  I generally think of advisors as non-paid ‘friends of the company’ and as you’d probably guess, advocate a pretty deliberate organization and use of advisors.  Gerald’s view is a little more expansive as he thinks of ‘advisors’ as the larger ecosystem that surrounds (or should surround) a start up company – one that includes people you pay (attorneys, CPAs, etc) and the people who pay you (your angel investors) in addition to the business and industry experts that are the typical ‘advisors’ to young companies.  I like this line of thinking and offered Gerald the chance to put his thoughts into a post.  He took me up on that idea and came up with a four part series on the topic that I’ll put up over the next few weeks.  After the final post I’ll summarize some of my thoughts as well as comments from readers.”

For entrepreneurs at any stage, I think these posts are excellent. I encourage anyone who could use some…uh…advice on how to use advisors to read them all, including Parts III and IV yet to come.

Geeks, Entrepreneurs, Designers, Angels, VCs, and Marketeers ….. Let’s Mix It Up!

Minnebar is Saturday, May 10!  MInnesota’s all-day annual Barcamp event is not to be missed.  New venue this year (bigger and better): the gloriously redone Coffman Union at the U of MN (cool place if you haven’t checked it out yet). To sign up, just go the event site (a wiki page), hit Edit Page, and add your name and links. Minnebar(Minnebar is held once a year, while evening "Minnedemo" sessions are held in each of the other three quarters.)
Already, almost 300 of your compatriots have signed up for this year’s edition of Minnebar, and many more will be as the week progresses. It’s free! That’s right — the whole damn thing! (thanks to the sponsors) … including breakfast, lunch, reception and beers following. You even get a free event t-shirt! And you can come and go as you please, choosing just the sessions that interest you — though I would highly recommend hanging out all day for the networking, which is really the biggest benefit. You can do your own session if you and/or some colleagues have something to say (and if there’s still room). Hit the link that says MinneBarSessions, click Edit Page, and add your title and session description while you still can. In the coming days, the organizers will be cutting off new entries and publishing a full schedule with all the breakout sessions. That should then be available at the event site, or you can pick up a hard copy on your arrival. Come early — the event kicks off at 8:30 am.

Attention Startups and Angels: Note the "Lightning Talks" Session
On the MInneBarSessions page, scroll down and look for a link to apply to give a five-minute pitch.  Ideal if you’re a startup, whether just forming or further along. An entire hour is being devoted to these rapid-fire presentations. This is a great way to see what’s going on out there in our state, hear the latest business concepts and startup ideas, or get updates on the progress of local startups you may have already heard about. [This will be like the DEMO conferences I know so well. My advice: hone the message hard, and practice well!] Minnebar07crowd

This event is gonna be killer, I promise you. If you want to know what’s really goin’ on in tech in Minnesota, you have to be here. Bring lots of business cards, a camera, your laptop (we’ll have mondo wi-fi!), wear your favorite tee, and get ready to learn, share, network, gab, blog and Twitter your brains out, and meet tons of fun, like-minded people.

Hey, in my book, it definitely beats sittin’ on some cold lake fishing!  🙂

It Was Another Great ‘Minnedemo’ on Thursday Night

On a brisk Minnesota evening in early December, what better to do than get together to drink beer and watch demos with 200+ of your closest tech friends and talk code, startups, business models, and all that good stuff?
Minnedemo1207crowd Thursday night, the scene for Minnedemo again was O’Gara’s Garage in St.Paul, and the joint was a-jumpin’! We didn’t need a band — we were all our own entertainment!
Minnedemo1207ogaras

Thanks to our sponsors, we not only got two free beers (or sodas) each, but we also could trade canned food donations for even more beer tickets, so we could then play big shot and buy beer for our friends. Trading canned food for beer….does_it_get_any_better_’n_that? It was a hoot….lots of great conversation and new friends made. You have to be at one of these things to really appreciate the energy of the Minnesota tech community! If you haven’t caught one yet, make sure you get to the next one in April (date to be announced). Hey, it’s FREE — whadya want?!? 🙂 That one will be the full-day-Saturday version we call “Minnebar.” It all part of Minnesota’s answer to the worldwide phenomenon called Barcamp — and we are definitely one of the most active locales outside the Valley.

Here’s a rundown on Thursday night’s great presenters, including some detail about the very cool new products they were demoing:

Ntractive LLC (Dale Jensen, Cofounder/CEO) – This startup, based in Grand Forks, is a winner of the “InnovateND” award, and is receiving its first-round funding from St. Paul-based RAIN Source Capital. Ntractive has developed a “hybrid” app for small business management called “Elements SBM.” This app, initially for the MacOS, provides web application flexibility with unprecedented ease of use not generally found outside of the traditional desktop application. The result is a visually elegant and technically innovative solution that allows small business users to quickly become more productive. Minnedemo1207dalejensen The company officially launches at MacWorld in San Francisco in mid-January, but chose Minnedemo (yay!) as the venue its first public demonstration. Till now, small businesses had to choose a desktop app or a web app, but, said Jensen, “With our hybrid app, we’ve made it possible for the first time to really have the best of both of those worlds.”

Zencoder Video Transcoding System (Jon Dahl, cofounder of Slantwise Design) – Zencoder provides “bulletproof video transcoding.” Minnedemo1207jondahl It’s described as a full-featured video transcoding platform that handles every aspect of video processing, from queuing to transcoding to storage. Video transcoding systems are complex and difficult to get right, Dahl said. Zencoder claims its platform is reliable and scalable, costs far less than a custom-built solution, and yet is highly customizable. To be notified when it’s released, enter your email address at the site.

Valtira (Morgan Catlin, Product Director) – The Valtira Online Marketing Platform is a complete online solution for marketing professionals. It’s “software as a service” — all you need is a web browser. Valtira manages the IT infrastructure, operations, and upgrades from its Tier 1 data center. The platform empowers the marketing team to manage online initiatives without the need for IT support. Components include Content Management, Campaign Management, Blogging and Forums, Prospect Management, Email Marketing, Sales Portals, Social Networking, Online Surveys, Real-time Analytics, and Support & Training. Valtira just announced a new, free campaign tracking solution that lets you track up to 15 marketing campaigns.

JRuby (Charles Nutter) – JRuby is a 100% pure-Java implementation of the Ruby programming language. The JRuby community recently announced the release of JRuby 1.1 beta 1, the first release toward their goal of JRuby 1.1. JRuby 1.1 represents a concerted focus on speed and refinement. Ruby code can completely compile in an Ahead Of Time (AOT) or Just In Time (JIT) mode, yielding a faster Ruby! It uses less memory than previous releases. The community wants people to download JRuby 1.1b1 and provide feedback: “test your applications and help us make JRuby 1.1 a great release.”

Grapheety (Gavin Quinn) – A map-based social exploration site. All stories and pictures are tagged onto the map by users. For a part-time effort by a bunch of fulltime employed guys, it’s quite an effort. Read more about the latest release here on the Grapheety blog.

All in all, it was another super Minnedemo, and I’m very glad I was there! If you missed it and want more info on the presenting firms, please visit their sites and make contact with them directly. They’ve love to hear from you! Once again, many thanks to co-organizers Dan Grigsby and Luke Francl for another great job, and also to our illustrious sponsors. They’re awesome.

Rock on, Minnesota tech!

Entrepreneurs: Work on Your Conceptual Metaphors!

Being smack in the middle of Entrepreneurship Week, I can’t think of a better link to point my startup readers to today than this blog post by Will Price, which he published yesterday. Will is a VC at Hummer Winblad Venture Partners. In this very thoughtful piece, he nails one of the most important, yet little talked about, aspects of preparing to pitch VCs. Okay, it’s somewhat academic — yes, we’re talking here about “conceptual metaphors,” people. But this is great stuff! And, after all, conceptual metaphors is really what mathematics is all about, right? So, startup founders out there who are programmers and engineers can especially relate. [There’s a reason, I’ve come to learn, that so many successful entrepreneurs and VCs were math majors, or had a heavy dose of it in engineering school. This piece kind of brings this reality home.]

I now have this post on my Recommended Must-Read List for anyone even thinking about ever approaching VCs for money. Save this link, friends, and learn and practice what it’s telling you. You will need it!

While we’re at it, there’s another great piece you should check out today on Startup Journal: Young Entrepreneurs Face Higher Hurdles — worth reading even if you’re not so young.

“Small” Rocks the Venture World

What’s the latest shockwave in the venture capital world? I just caught two great pieces that’ll tell you everything you need to know. Who says VC blogs only serve up a bunch of foo-foo (see this previous post referencing a NY Times piece). The first is a great essay I read this morning on the Always On Network, by Bill Reichert of Garage Technology Ventures: Small is Beautiful: Ecological Imbalance Is Threatening the Venture World. And, yesterday, Bill Burnham had a very insightful post on his blog in the same vein: Are VC Funds Getting Too Big For Their Own Good?. Nuff said! Hey, both Bills, you nail it and you rock…

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