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

Category: Entrepreneurship (Page 26 of 60)

Hints of What’s Coming at DEMO ’09

As noted to the right in my sidebar, I'll be reporting from the DEMO conference coming up soon in Southern California. I always look forward to this time of year. I think it will be my seventh or eighth DEMO event in a row (they're held twice a year), and maybe my tenth overall. DEMO is "The Launchpad for Emerging Technology."  DEMO-09-logo+dates
Nowhere else can you get a reading on what's coming in tech better than you can at this event. Click in that graphic to the right for details about registering.

DEMO prides itself in finding the "diamonds in the rough" before anyone else. Over the years, this event has been the site of the first launch of such ventures as Palm, Java, TiVo, and E*TRADE in the mid/late '90s, and, in more recent years, Salesforce.com, VMware, Six Apart, OddPost, IronPort, GrandCentral, and Glam Media, to name a few. 
DEMO says it focuses "on real products ready for market—regardless of their geography." Presenting firms hail from many countries.

DEMO-TheMomenContinues

So, who attends this thing?  Media and bloggers, VCs, business development professionals, IT executives, and new technology firms from all over the world.  DEMO says 15,000 people have attended their events over the past
19 years. Read more here: Who Attends DEMO? Here's a sampling of companies the people of DEMO have told me will be attending the upcoming event on March 1-3: Deutsche Telekom AG, August Capital, Meakem Becker Venture Capital, First Round Capital, Allegis Capital, Motorola, Google, Hitachi America, Microsoft, Qualcomm, Symantec, UBS, NYSE, Wall Street Journal, The Economist, VentureBeat, Business Week, Forbes, ABC, eWeek, North Bridge Ventures, NTTCOMWARE, Hummer Winblad Venture Partners, Verizon, Alcatel-Lucent, SVB Capital, Mayfield Fund, Granite Ventures, New Enterprise Associates, and more.

What kinds of firms will be pitching?  Well, DEMO doesn't let out much in advance of the show — certainly not the list of presenters. That's a big secret. (Companies actually have been dropped from the event if they leak that they're presenting. And we press attendees, of course, have to honor that embargo as well.) The list of presenters is only released the Friday night before the event, which kicks off with a Sunday night reception. (I always post that list of presenters as soon as it's released to the press, so watch this space on the evening of February 27th.)  But the DEMO producers did provide me with an interesting set of stats on the DEMO '09 presenters, represented in a couple of charts. So, here's a Breakdown of DEMO '09 Presenters by Market Segment and Funding to Date:

DEMO-09-stats But should we really be expecting much excitement at DEMO this year?  Isn't the economy in the tank?  Does innovation really move ahead in these times?  You bet it does!  And the DEMO blog cites recent examples of that from the 2001 downturn. Sure, there will be fewer attendees, and fewer presenters. For the last several shows, we've seen about 65 presenters on average doing their six-minute pitches at each event. This time, it will undoubtedly be less, maybe may even fewer than 50. But I guarantee you we'll be hearing some of tomorrow's big winners, on stage for the first time. Because we always do. And the anticipation of that is, frankly, really exciting to me, and to the rest of 500+ who will be attending. It is an extremely upbeat affair, every single time.

There are some great updates being posted on The DEMO Blog, by Chris Shipley, Executive Producer, and other staff members.  Here are three recent posts:

Two Panels Just Announced for DEMO '09 … VCs on one, past DEMO company CEOs on the other
Smart Money Takes a Flight to Quality … "yes, it's a great time to throw a conference that launches new technology products, spots trends, and celebrates innovation"
Making a Lasting Impact … about how one past DEMO presenter, battery company Boston Power, is growing rapidly

And give a quick listen to a podcast about DEMO '09 recorded on January 29 by my friend Keith Shaw of Network World and Carla Thompson of the Guidewire Group.

Your intrepid reporter: pumped and ready. I can't wait to live-tweet DEMO '09! I did somewhere between 200 and 300 newsy tweets at the last one — so (fair warning) get ready for the firehose!  And I'll be doing podcast interviews for the first time, too, with my whiz-bang new toy: a studio-quality handheld recorder. I'm gonna give it a go in the way of some short, ad-hoc interviews of presenting company founders, VCs, and various luminaries wandering the great hall, the pavilion, and (of course) the hallways. And I'm told I can upload these pretty quickly to my blog, giving those of you who can't be there at least a near-realtime sense of what's going on at DEMO.

Will you be going to DEMO '09?  If so, let us know in the comments! (And let's try to meet up face-to-face.)  If you can't make it, what would you most like to see covered? What answers would you be seeking if you were there? What you would most want to get out of the event?

Minnedemo Was Great … Now, How About Those Business Models?

If you're part of the Minnesota Internet and software community and you missed Minnedemo on Friday night, you must be bummed — as several of you told me from afar as I was tweetin' it … :-)  Minnedemo-logo
[Evidenced by this clip from my twitterstream that night, which shows a few of those who were talking back at me in real time.]  You missed a great event.  No worries, though, because myself and my buddies at Minnov8 posted lots of audio and video recorded at the event for your listening and viewing pleasure.

Minnedemo_Tweet-outs

But, for those of you who were there, how many of you noticed what I did?  Namely, the almost complete lack of the presenters talking about their business model?

I have something to propose for future Minnedemo pitches: how about, as part of the 7-minute presentation, a new rule is instituted that states a minimum of one minute of that has to be devoted to explaining the business model? Is that an unreasonable request? Even thirty seconds would be a welcome addition.

Now, I realize the traditional audience of Minnedemo is developers, listening to their fellow developers on stage presenting their cool, new code creations.  Elegance in app design and functionality have been the focus of pretty much every presentation I've seen at these events.  Or features.  Or UI design.  But, is not the end-game in all this something that might actually be commercially viable, too?  That is, a business that could make it in the real world?  From where I sit, more and more business people and investors have started to attend these quasi-quarterly events.

I don't mean to imply that none of the presenters on Friday night has a business plan. Of course, all but the very newest, coolest projects must have one, right?  And it would then follow that these presenting companies would have to have a business model for how they will make money.  They just didn't talk about it Friday night — or, in most cases, even mention it.

I say that's a big thing missing from Minnedemo. What do you think?  Should presenters be required to talk more about such things?

Where I’ll be Tonight: Minnedemo! Look Me Up…

For all of you readers, followers, and friends lucky enough to be in Minneapolis right now — yes, February is good for something! — it'll be All The Tech You Can Handle tonight at our quarterly Minnedemo event, mixed in a with a frosty brewski or two. BeerMug
Myself and a couple of my buddies from Minnov8.com (Steve Borsch and Tim Elliott) will even be there doing video and audio interviews for our next podcast — so get ready to have a mic shoved in your face while you're navigating that beer mug… 🙂

For the details of what's happening, here's the post I did on Minnov8 earlier this week:

Emerging Minnesota Software and Internet Technologies to Take the Stage on February 6

Entrepreneurs, software developers, and computer professionals of
all stripes will be rubbing shoulders again this Friday evening with
other hopeful company founders, VCs, angel investors, bloggers, and
media people from throughout the Twin Cities and other parts of the
Upper Midwest.  They'll
be gathering for what's become a not-to-be-missed quarterly geek-fest
called Minnedemo.

minnedemo-logo Billed as "the Twin Cities’ premier technology demo
and networking event," it features free beer, pop, munchies, and lots
of conversation, with product demonstrations mixed in between. The
latter are delivered from the stage of an auditorium with theater-like
seating. More than 200 people are expected to attend.

Minnedemo is being held for a second time at Intermedia Arts in
Uptown’s Lyn-Lake neighborhood, and will kick off about 6:00 p.m. this
Friday, February 6, with demos starting about 7:00. (Intermedia Arts is
located at 2822 Lyndale Ave S, Minneapolis, MN 55408.) According to
Minnedemo organizer Luke Francl, "All are welcome, just please remember
to RSVP online." The web site for registering (again, it's free) is http://minnedemo.eventbrite.com/
This quarter's event will feature ten demos — five, then a break, then
five more. Most demonstrators will be launching their products or
showing off their creations for the very first time. Here they are
alphabetically:

actionchess-logo65wAction Chess
is a game app for the iPhone, described as a cross between Tetris
Attack, Tetris, and the classic board game Chess. The developer claims
it "makes your brain work in interesting ways." It will be released for
the iPhone in the coming weeks and will be demoed on stage. (Martin
Grider will present.)

amo-logo1Association Manager Online
(AMO) is a new web application from local development shop ArcStone
that let members, staff, and administrators of associations and
non-profits manage tasks (such as sending emails, posting documents,
collecting payments, etc) in a secure manner from any internet browser,
whether at home or work. (David Carnes will present)

bevpost-logoBevPost
is a site that lets consumers select coupons for their favorite adult
beverages and have them delivered directly to their cell phones, so
they can redeem them at their local liquor store and save cash. (John
Ballatine will present)

enstratus-logoenStratus
is a brand-new startup that's addressing the "confidence" questions
businesses naturally have as they move their systems into Amazon EC2
and other "cloud computing" environments. The company, recently
launched by the founders of successful local software firm Valtira,
provides a suite of cloud infrastructure management tools that enable
companies to automate the secure deployment, scaling, monitoring, and
disaster recovery of their cloud computing infrastructure. (George
Reese will present.)

loudclick-logoLoudClick
is a free website builder program that people can use to build web
sites around their interests together, all without the need of a
techie. (Alex Huff will present.)

nabbit-logoNabbit
lets you identify a song you hear on the radio using your mobile phone.
Just text Nabb and include the call letters of the station you're
listening to. The service will fetch the song information for you and
deliver it to your account page on its web site. The company also
recently introduced a native iPhone app. (Norton Lam will present.)

re-searchr-logore-searchr
is a social search app that lets you "find stuff easier" online. It
helps you get search results from people you trust, using data from
your friends to influence the re-searchr score presented on top of your
search results. Another feature pushes your questions out to your
social networks, where your friends can then answer or comment; the app
then lets you push back their answers or comments for others to see. 
(James Ostheimer will present.)

sendoncue-logoSendOnCue
is a browser plugin that lets you schedule email delivery for later. It
integrates directly into your email or webmail client. Send an email
reminder at a later date and time. Slow down a conversation by delaying
when your reply is sent. If you work odd hours, you can adjust the time
your email is sent. (Aaron Kardell will present.)

socialbrowse-logoSocialbrowse
is a YCombinator-funded startup that provides social bookmarking with
discussions in the browser. It lets you share and discuss the web in
real time, and see what's good on every page. It  combines your social
network with your everyday web browsing. You can share and discuss any
page with a single click. Pages you share or comments you make are
automatically sent to other users in your network. You receive
real-time updates of cool links shared by people you like. (Zack Garbow
and Dave Fowler will present.)

ZippyStat (no web site yet) is a simple online service to
record and monitor nearly any type of information such as your gas
mileage, business cards collected, "poops by your newborn," books read,
miles run, etc. (Kelly Heikkila will present.)

This Minnedemo event is sponsored by:
New Counsel
Split Rock Partners
Sierra Bravo
Tightrope Media Systems
The Foundation
VISI

In a first for Minnedemo, this entire event will be video recorded, courtesy of TJ Kudalis from Internet Broadcasting.
And, I'm told, monitors will be located in the networking area for
those that can't squeeze into the limited seating in the auditorium. In
addition, Minnov8 will be recording interviews throughout the
networking portion of the evening, with the help of 612Authentic, also
a first.  For more information, see the Minnedemo web site.

The Clear and Simple Solution to the Current Downturn: The Entrepreneurial Economy

The big answer to our current economic plight is not a new one: it is staring us right in the face. It has brought us out of many a recession before this one, and it will do so again. It is simply this: the ingenuity and perseverance of the American entrepreneur. Something never be taken lightly! 

I was delighted to recently stumble across a blog post from GrowThink entitled The "Downturn" — Keeping Things in Perspective, by the firm's founder, Jay TuroIt is so good, I just want to do everything I can to spread it. GrowThink-blog
I *so* wish I would have written it, because this every message has been going around in my head for some time now. And it's a message I guarantee you won't get from the mainstream media!

I wanted to call it out here as required reading.  What you should get out of it is this: stop paying attention to the "woe-is-me" media … flight negativity with every bone in your body … and do everything you can to support our country's strong, ever-committed entrepreneurial economy.  It is THE major source of new jobs and wealth creation in this country, and we all benefit from it greatly in myriad ways, directly or indirectly.  It has been, and will continue to be, what makes our economy grow, and our country great.  And no recession can hold it down!  People, layoffs are about the past — the entrepreneurial economy is about the future…and change, positive change!!

I believe the year 2009 will bring great things, and I'm very proud to say I'm a supporter and believer in American Capitalism.  It is the best political and economic system in the world, and it's a strong now as it ever was.

UPDATE 12/22/08: I was delighted to see that my friend Brian Solis wrote an *absolutely awesome* post on TechCrunch the day after I posted the above, called Fear Kills Businesses, Dead.  It's a great complement to what I'm saying here in my post.  There are so many reasons for businesses to be positive — yes, right now — particularly if you're a lean, mean, nimble tech startup!  Read this post by Brian, and take it to heart!  It even quotes my friend and past client Steve Larsen, who used to be based here in Minnesota.  (See an article I wrote on Steve earlier this year, which appeared on "Chief Executive" magazine's site: Zen and the Art of Startup Maintenance.)

What I’ve Been Blogging and Tweeting Lately

Just a post to catch you up to what I’ve been doing elsewhere online recently, on venues other than this.  First of all, my volunteer/pastime blogging thing over at Minnov8.com included a post a couple days ago on a bigtime conference held here in the Twin Cities last week called the MIMA Summit. Mimasummitpost_3  It was sponsored by, you guessed it, MIMA (the Minnesota Interactive Marketing Association). Here’s a partial screen clip of that post, and the whole post is here.

Then, just yesterday, I participated again in the weekly Minnov8 Gang Podcast, this one Episode 9 already. (Wow, time flies when you’re having fun.)  You can grab it off the Minnov8 home page via the link at top center there, as you can see on the second screen clip. Minnov8podcastlinks We talked about a number of topics, including recent confabs in the Twin Cities, the economic times, social media (of course), and, hey, even wine.

Finally, I continue to Twitter all the while — that just never stops! 🙂  I’m including here a recent screenshot of my Twitterstream. But please do follow the whole dang shebang hereGraemetwitter1008
One cool thing that happened recently is this: I received a rating for my Twitter account of 91 out of 100 from twitter.grader.com.  Wow, that means my Twitter presence is rated higher than 91% of all the other accounts they’ve graded! Nice to know I’m doing something right..

UPDATE 10/6/08:  Meant to say that social media is a part of everything I do now for my clients, and also that I’m quite active in our local Social Media Breakfast organization. Be sure to keep the morning on Oct 31 open, because we have an exciting, nationally known speaker coming to town. [Actually, he was already here for a private gig, and I convinced him to stay over a night…  🙂 ] Watch the "SMBMSP" site above for the announcement later today.

UPDATE 10/9/08:  I see our local media site MinnPost picked up my story on the MIMA Summit.

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