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: Innovation (Page 58 of 77)

We Celebrate Entrepreneurs This Week – Hugged One Lately?

You should, because they’re what makes our world go ’round — well, our economy, that’s for sure. I saw a stat this morning in a Flickr post of Steve Jurvetson’s from his talk at Stanford this weekend. More than 70% of college students today will start a company some time in their life. A remarkable stat, but it comes from the Kaufmann Foundation, so it must be true. [I guess I feel sorry for the other 30%.]

Entrepreneurshipweek

Here’s the lowdown on Entrepreneurship Week, which has Kaufmann all over it. [What an amazing organization, and right here in the Midwest, too, just down I-35 a piece in KC.] And here’s where you can see what’s going on in Minnesota relating to this week’s celebration. [Click the arrow under “Activities” to scroll through everything.]

I’m for sure going to catch the Angel Investing Panel on Wednesday afternoon (after all, I now write for The Angel Journal, so, I’d better). And an event on Tuesday afternoon in St.Paul, featuring Robert Stephens, the founder of Geek Squad, should be great.

Then, I’m also planning to drop in on a talk at the Carlson School by Scott Litman over lunchtime on Thursday, which will look at several things relating to Entrepreneurship in Minnesota. No doubt Scott will talk about the new web site for Minnesota entrepreneurs and small businesses being launched on Wednesday: GetGoMN, which I’ve had the pleasure of being involved with a bit. The StarTribune gave that a nice boost this morning, with a piece on the front page of the business section called Website Calling Business Angels.

Hope to see you at some of these events this week!

Split Rock Coughs Up Big Bucks for Local Firm (Do Tell)

But don’t get too excited — it’s just another late-stage deal. Why are we not surprised? Gearworks, as reported by the Pioneer Press, just closed on yet another $21 million in VC, of which our local Split Rock Partners contributed $7.5 million. Pilesofcash The partner on the deal is, of course, Michael Gorman. Yes, that’s a lot of money in a single round for a MN tech firm. And it now means that Gearworks has raised — are you ready? — a total of $59 million since its founding back in 1999. Of course, they blew threw a lot of that cash in a model since adandoned, but they seem to be onto a real market now for location-based services. Gearworkslogo It must be a good market, because for this much money to be invested, and now the conservative late-stage guys coming in, there has to be a big payback seen just over the horizon. [IPO?] Well, less so of a payback for the late-stage money, I guess…

But all this big-bucks stuff has little meaning to people in the early-stage investment world, where I know most of us live. For a strange juxtaposition to the above news, check out this video of the latest panel that Guy Kawasaki moderated. It’s amazing how companies today can get launched with so little capital — at least when the Internet is central to what they do. Many of ’em all but thumb their noses at VCs — I hear it all the time. One guy I heard it from recently was Gabe Rivera, founder of Techmeme, chatting with him last month at CES/Bloghaus. What some of these guys are able to do, with such minimal startup funding, is amazing. More power to ’em!

Shut Down by Google, They’re Baack – with ‘iReader’

A Minneapolis-based tech firm, almost put out of business by Google last year with for scraping its site with its ePrecis technology, is back today as Syntactica. [As Syntactica president Henry Neils said to me last week, “Like they don’t scrape everything out there.” Hah!] Under this new company name, they’re introducing the iReader Web Previewer tool. Ireaderlogo So, take that Google! It previews the content of a web link without clicking on it — by studying the language, the linguistics, behind it. Pretty heavy stuff, but this team of developers has been working on perfecting this technology for years, so this is certainly no upstart. Perhaps they’re onto an application of it now that will stick, and that the powers-that-be will allow to happen. User acceptance will tell the story, of course, and that’s why reaction in the blogosphere will be big for these guys. Smartly, they’re opening the technology up via open source XML web services, I learned last week.

Ireadernytimes

Richard MacManus at Read/Write Web has already done a great post called iReader Previews The Content Behind Links. It tells the story well, so I won’t repeat it. It’s also worth taking a look back to see what he blogged about ePrecis in October 2005 on ZDnet, calling it “next generation search.” [By the way, the old ePrecis site, which, interestingly, still shows up in a Google search(!), won’t seem to come up today. Must be getting hit too hard.]

The beta they just launched is an easy plug-in install for IE or Firefox (Mac or PC), and it’s sure to create a lot of conversation out there. Try it out on some of your favorite news sites, like the NY Times, CNN, MSN, etc. Seems to work great on the story links down near the bottom of the NY Times page, for example, where stories are grouped into categories. Let me know what you think. Or better yet, tell the company: they’re about to launch their blog, too, where you can do that.

Note one VERY KEY thing: you can turn the iReader plug-in on or off! So, if it’s bothersome to have these little “preview windows” showing up for you on some sites, just right-click your mouse to toggle it on and off. Not sure how you do it on a Mac yet, though, in Firefox. I think they’re adding some notes on the downloading page…

[Disclaimer: I have a consulting relationship with Syntactica.]

Yahoo! Kisses Krugle

This just in…news on Valentine’s Day about a company I follow named Krugle, of code-search fame. Seems they’ve chosen this hallowed day to announce they’ve been tapped to supply search functionality for the Yahoo! Developer Network. This is a centralized resource that offers open APIs and Web Services to make it easy for developers to extend and build on Yahoo!’s products and services.

Redlipsanim

The Yahoo! Developer Network hosts the publicly-available code and documentation for Yahoo!-owned properties, and provides tutorials, code samples, and other resources for developers. With this partnership, developers can now take advantage of Krugle’s code search engine and interface when they’re working with Yahoo! APIs and data — specifically, to find, save, and share code written in six languages: ActionScript, JavaScript, .NET, PHP, Python, and Ruby.

A kewl thing about Krugle is it also provides users with contextual information as they browse the code, such as associated documentation and dependencies, bug reports, commentary, and user-tagged code and search results, which they can then easily share with their colleagues.

“One of the reasons for Yahoo!’s success has been the company’s strong belief in opening up its products for third-party developers,” according to my old buddy Steve Larsen, who’s the CEO of Krugle, based in Menlo Park, CA. Stevelarsen_1 “By publishing open APIs and helpful documentation, they create an active and engaged community and encourage developers to create applications which utilize Yahoo!’s technology in new and innovative ways. With this partnership, Krugle will make it easier than ever to leverage the true potential of Yahoo!’s open APIs and Web Services.”

Krugleallyoucaneat

To check out Krugle code search on the Yahoo! Developer Network, just go to http://developer.yahoo.com.

One other thing I like about Krugle: not only the management, but the investors and advisors behind this outfit are pretty darn awesome, too.

Some of the Awesome People I Met at DEMO 07

Now that I’ve been back from DEMO for a week, it’s time to go through my humongous stack of cards again and say-hey to all great people I met at this very upbeat event. I’ve been sorting through all these cards on my desk today….

Once again, the whole conference came off very well — the logistics, the networking, the program, everything was great (even if the weather was a little iffy at first). Though it’s always hard to break away to attend these things, I’m really, really glad I did and would wholeheartedly recommend DEMO conferences to anyone in this business, whether you’re new to it or not.

Graemesdesk

Normally, I’d have done this “people post” a little sooner, but it’s been the busiest post-conference week I can remember for a while. It seems the startup business is booming everywhere, and I’m hustling to follow up with a lot of blogging and consulting work, now that I’m a free-agent again! On top of that, I still have some blog posts I’d like to do on companies I met last week…which will make this a record in the elapsed time between the conference ending and my final posts. But there were just so many interesting companies and stories at DEMO 07, I really could blog about it for weeks.

DEMO remains the best venue to see all the new innovative ideas coming out in the tech business, year in and year out — actually twice a year. And it proves that innovation can come from anywhere — even, I’m out to prove, Minnesota (if not this time). In that regard, I volunteered to help Chris Shipley connect with promising startups here in my adopted home state in the future. I’m hoping she can do one of her “Innovation Day” meetup events sometime soon in the Twin Cities, and hear pitches from a bunch of our local startups. Though we didn’t have a Minnesota-based company presenting this time, there was one from our neighboring state of Wisconsin — Jyngle, which gets my vote for one of the best, most memorable brand names to come out at DEMO 07. These things are important, people, when you have to stand out and be remembered amidst the information-overload of 68 startups all hyping their wares! (Just a taste of what such startups will face out in the real world.) Smart companies take the time to get this naming thing right. Now if Jyngle could just have a memorable tagline to go with its cool name. As Guy Kawasaki says, you have to “make mantra” — meaning boil down to a few words how you make a difference in the world. Again, not easy, but if you can’t do it, how do you expect your users or buyers to “get” what you’re doing? Without mantra, you can just slowly drown in all the hype of the marketplace. I would describe mantra as “messaging on steroids.” [Hey, Guy — there ya go. As a marketing/branding/messgaging dude, that would be my three-word-mantra wrapup/takeaway of your great talk in Minneapolis a few weeks ago.]

I don’t mean to pick on Jyngle — they’re hardly alone in this. And Business Week liked their service enough to include it in a post-DEMO story. But I sit here looking at their cards again and see a huge missed opportunity — no tagline, no mantra ringing through to me (pardon the pun). Sure, when you go to their site, you see the words “Mobile Group Messaging for the Real World” — but that doesn’t do it for me. Now, a tagline like “Message Your Group, Fast” sure would. What’s cool is the Jyngle service lets you do this group-messaging with either voice or text.

Time savings — it’s ALL about saving time today. That’s a major investment theme of one of the smartest, most successful guys in tech investing, Roger McNamee of Elevation Partners. He wasn’t at this DEMO, nor was his partner Bono (though there was a sighting of the latter at the last DEMO, which turned out to be the most masterful PR trick of that event). So, here’s a lesson for startups: when Roger (the Man) McNamee talks about stuff like this, listen!

But I digress. How did I get off on this tangent? Such is blogging. Back to the people I met. First, I’ll list some of the people I already knew but renewed friendships with (no particular order, just as I kinda ran into ’em). I’ll start with the former Minnesota people I talked about in my opening-reception post, noting where they are now…

• Steve Larsen, CEO, Krugle Inc., Menlo Park, CA
• Beth Temple, CMO, Magnify.net, NYC
• Charles Wilson, consultant to Mission Research (SalesWorks), Lancaster, PA
• Charles Beeler, General Partner, El Dorado Ventures, Menlo Park
• Hany Nada, Managing Director, Granite Global Ventures, Menlo Park
And these other friends I saw again, some of them just a few weeks prior at BlogHaus and CES:
• Robert Scoble, PodTech
• John Furrier, PodTech
• Shel Israel, co-author with Scoble on “Naked Conversations”
• Stewart Alsop, Alsop Louie Partners
• Renee Blodgett, DEMO PR guru, Blodgett Communications
• Julie O’Grady, another DEMO PR guru, here for Boorah
• Gary Bolles, Conferenza
• Dan Farber, VP Editorial, ZDnet
• Rafe Needleman, Editor, CNET
• Brian Ziel, PR guru, Seagate
• Becky Sniffen, who handles PR for DEMO
• Chris Shipley, DEMO Executive Producer
Plus all these new peope I met, at least the ones I got cards from:
• Christine Herron, Director of Investments, Omidyar Network (whose tagline
I love: “Every individual has the power to make a difference”)
• Tom Sly, Manager of New Business Development, Google (a newly minted Harvard MBA;
I told him he was the second Google guy I’d met a conference…the other was Larry Page)
• Aydin Senkut, President, Felicis Ventures, San Francisco (an early Googler)
• Alan Kelley, Managing Director, SJF Ventures, NYC
• Luis Villalobos, Founder & Board Member, Tech Coast Angels
• Jeff Cohn, Investment Screening Director, Tech Coast Angels
• Laura Paglione, Director, Knowledge Management/Entrepreneurship, Kauffman Foundation
• Charlie Crystle, CEO, Mission Research (SalesWorks), Lancaster, PA
• Wendy Caswell, CEO, ZINK Imaging, Waltham, MA
• Wim Sweldens, VP, Alcatel-Lucent Ventures, Murray Hill, NJ
• Andrew Horwitz, Senior Director, Market Development, Seagate
• Rhonda Shantz, Senior Director, Consumer Communications, Symantec
• Mike Bradshaw, Partner, Connect Public Relations, Provo, UT (for Symantec)
• Esteban Sardera, CEO, PairUp, San Francisco
• David Jennings, Cofounder & COO, Yodio, Bellevue, WA
• Katie Perry, Marketing, Jyngle, Milwaukee, WI
• Tom McGannon, Founder & VP Operations, Nexo, Palo Alto, CA
• Gina Jorasch, VP Marketing, Nexo
• Benjamin Levy, VP Marketing, Vringo, Beit Shemesh, Israel
• David Goldfarb, CTO, Vringo
• Michael Bates, CEO, iqzone, Scottsdale, AZ
• James Feguson, President, iqzone
• Eric Moyer, CEO/Cofounder, Boorah, Palo Alto, CA
• Ramsay Hoguet, Founder, MyDesignIn, Marblehead, MA
• Eric Sirkin, President/Cofounder, BUZ Interactive, Palo Alto
• Tamara Stone, Partner, Rainmaker Communications, Mountain View, CA (for BUZ Interactive)
• Brian Smiga, CEO, Preclick, Atlantic Highlands, NJ
• Tony Davis, CEO, TeleFlip, Santa Monica, CA
• Christian Gammill, VP Product Marketing, TeleFlip
• Julie Mathis, VP, CarryOn PR, Los Angeles (for TeleFlip)
• Brian Solis, Founder, FutureWorks Inc., San Jose, CA
• Marc Orchant, Blogger and Storyteller (the ‘Office Evolution’ blog/ZDnet), Albuquerque, NM
• Sue Orchant, artist
• Victoria Barrett, Associate Editor, Forbes Magazine

And, finally, here are some people I would have liked to meet but somehow didn’t, including the first two guys listed who were attending from a Minnesota company (how’d I miss them?):
• Mark Dunn, CTO, MakeMusic, Eden Prairie, MN
• John Paulson, CEO, MakeMusic, Eden Prairie, MN
• Marshall Kirkpatrick, Splashcast
• Michael Arrington, TechCrunch
• Oliver Starr, MobileCrunch
• Katie Fehrenbacher, GigaOM
• Barry Bonds (yes, that one), who appeared for Bling Software

That’s it for now on DEMO. More soon on some other things I saw there that I liked…

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