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 43 of 60)

Want to Create Buzz and Raise Bucks?

An alert about a great event coming up on June 5 at the Microsoft Campus in Mountain View, CA, called “Launch: Silicon Valley,” co-presented by Garage Technology Ventures and SVASE.

I just became aware of a great event coming up on June 5 at the Microsoft Campus in Mountain View, CA, called Launch: Silicon Valley. And I hope to get there to blog about it. If you want to present, you can still apply by today, May 3rd, by just submitting a two-page executive summary. Launchsvlogo

The event is co-presented by Garage Technology Ventures and SVASE, the Silicon Valley Association of Startup Entrepreneurs. The latter is dedicated exclusively to helping early-stage entrepreneurs across all technology sectors build successful companies. The event’s theme is “Create the Buzz, Raise the Money, and Build your Business.” It’s actually the second of these events, after a very successful first one in November 2006. Some of the other sponsors of the upcoming event are Draper Fisher Jurvetson, Band of Angels, Sand Hill Angels, The Angels’ Forum, and some other heavies, as you’ll see if you click the link above.

So, if you think you have a cool technology or startup concept and want the world to discover you — and can get to Mountain View — this would be a great platform. It gives you the opportunity to meet, network, and showcase your startup to some key movers and shakers in the Valley. If your application is accepted, you’ll get to present directly to an audience of VCs, angel investors, M&A execs, senior corporate biz dev execs, bloggers, press, and potential business partners. The CEOs of the companies voted “most promising” in each of the six sessions at the event will also receive invitations for two to attend the prestigious Ernst & Young “Entrepreneur of the Year” dinner on June 29 at the Fairmont Hotel in San Francisco.

Again, to apply, submit your two-page executive summary by end of day today, May 3rd. Or email LaunchSV@svase.org for more info.

UPDATE: The submission deadline has been extended to May 13.

Web 2.0 Expo: My Recap on Read/Write Web

Just saw the post up on Read/Write Web that includes my recap of the Web 2.0 Expo event last week in San Francisco. Web2expo Richard MacManus published his take earlier, then followed with this one that includes my thoughts and those of two other writers that contribute to R/WW and happened to be at the event.

By the way, congrats to Richard on the fourth anniversary of Read/Write Web! He’s come a very long way since those early days — from spare-time sideline to media property. Quite an entrepreneurial story, and one with a international component, too, since Richard has more of a global bent being based in New Zealand. Readwriteweblogo
Richard also used to blog for ZDnet, but now is fulltime on R/WW. What makes the blog so well followed is that it does analysis, not just news bursts about the latest deals and startup launches (though it covers its share of those, too). It’s been amazing to watch its growth.

Minnebar Rocked!

Excellent speakers and panels, and a great crowd yesterday at our local BarCamp event. More proof that we have a vibrant tech community here in Minnesota! Major expertise, lots of energized developers and entrepreneurs, and some exciting, budding startups in the works.
Also more proof that online and offline community can be mashed up successfully…. Minnebarlogo

It was great to see a top VC firm in state, Split Rock Partners, as one of seven sponsors of Minnebar. I told partner Michael Gorman he blended right in wearing a tee shirt and shorts — love that! 🙂 And I saw him in the Ruby on Rails session that I also attended. (We have an outstanding group of “RonR” developers here, by the way.)

The turnout for the GetGoMN session was fantastic, with Scott Littman and George Reese telling the story behind the recently launched site to support entrepreneurs. Getgologo175w Lots of great questions and input from several people. I’m convinced that promoting Minnebar on the GetGo site contributed to the record attendance. The biggest turnout yet for a BarCamp in this country! Yeeeee-haww!!!

Minnebarrooftop_2 Photo: Beers on the roof with event sponsors John Roberts (left) and Harold Slawik (right) of New Counsel plc, and Bill McLeslie of ipHouse. The event wi-fi was awesome — Bill hooked us up with 7 megabits of bandwidth. Gorgeous day in the Twin Cities — the high hit 83 F!

Minnebarintraining My favorite photo at the event: We start ’em young here in MN. Matt Bauer, ace developer just recruited to MotionBox in NYC (but he didn’t have to move!), shows a developer-in-training how it’s done. Matt had just finished his session on Adobe Flex.

Lots more photos on my Minnebar Flickr set. Other photo sets are linked on the Minnebar site. I suspect you’ll also be able to read some more about the event at the Star-Tribune’s Vita.MN site and in the Pioneer Press, because they both had people covering the event.

Coolest thing I learned at Minnebar? I met a former Google employee (an early employee), who moved back here from the Valley his wife, who was also a Google employee, and he’s about to launch a cool new web app online. Stay tuned….

Kudos again to the three hardest working event organizers on the planet (volunteers, yet!): Dan Grigsby, Ben Edwards, and Luke Francl…and, especially, a great big thank you to the sponsors. This all-day event is an annual thing, but evening events are held throughout the year, too. So, watch for the next “MinneDemo” and come learn and celebrate Minnesota innovation with us!

Made It to Web2.0 Expo – Wow!

It’s a gorgeous day in San Francisco, and I arrived at Moscone West about 11:00 am to find it one crowded place. Still trying to get my bearings, and starting to run into people I know… Web2expo_2 But I was able to bop right into one session before lunch: “Open Source Business Models for Web2.0.” John Roberts, CEO and cofounder of SugarCRM, told us about the non-traditional way his company started: really as a project, then it wasn’t incorporated for almost two years. Funding came even later. “Companies are starting differently these days,” he said. Now, SugarCRM has 100+ employees, 1200 customers in 30 countries, 100,000 users, and 7000 registered developers. How are they 2.0? “We sell subscriptions, not licenses,” he said. “And, as Tim O’Reilly would define it, we trust our users as co-developers.”

Sharing this session with Roberts was Marten Mickos of MySQL. The Web2.0 motto, he said, should be “Fail fast, scale fast” — alluding to how software iterations and testing can be so much faster today. He said MySQL is now up to 50,000 downloads per day. He guesses there are about 30 million developers on the ‘Net today. “That’s 100x my estimate of the number of developers it took to get us this far in the current information society.” He noted that his closed-source competitor has 56,000 paid employees “who go to work each day whether they like it or not.” Whereas MySQL has “50,000 new, passionate amateurs volunteering to help make our product better every day.” Mickos then gave us a rundown of the Web2.0 business models he sees today: (1) do it as a hobby and have fun, (2) get acquired, (3) build traffic and sell ads, (4) build a virtual world and sell premium goods, or (5) build a service and sell subscriptions.

An audience question at the end was interesting, addressed to both speakers: “What’s your revenue per employee?” To which Mickos had this to say: “Neither of us is operating at scale yet. We’re both very popular, but we’re still not at potential as a business model.” Roberts of SugarCRM added: “We’re building our brand.”

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