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: The Web & Web 2.0 (Page 26 of 41)

Minnedemo – Hot Damn!

Oh, was the joint a-jumpin’ Thursday night, gang. For those of you who weren’t there, that joint was O’Gara’s Garage in St. Paul. For those of you who were — lucky you (especially if you were smart enough to get there early). The crowd had to be 350 or 400 — it was basically shoulder-to-shoulder at its peak. Minnedemoogarasmichaellehmkuhl
The schmoozin’ was in high gear, the kegs were flowing (7 kinds!), and there wasn’t even any entertainment!  Well, I guess we were our own entertainment — and six of our community’s latest, hot startups got up on stage halfway into the evening to pitch their wares. [Photo of O’Gara’s courtesy of Minnedemo attendee Michael Lehmkuhl.]

Don’t let anyone tell you the Minnesota tech community isn’t hotter than a pistol! You could feel the energy, the entrepreneurial juices flowing.  You know we have something special going on here in Minnesota when you experience one of these BarCamp events (which we call Minnebar and Minnedemo) — and when you see how we keep attracting more and more of the important players from the community with every meeting.Minnedemocrowdstefanhartwig
And it’s not just the Twin Cities — we had people there from Sioux Falls, Fargo, St. Cloud, Wisconsin, and more.  [Photo of the crowd early-on courtesy of Minnedemo attendee Stefan Hartwig, of sponsor Electric Pulp — one of those dudes from Sioux Falls! Yes, this is the outfit Guy Kawasaki has made famous.]

What was the coolest thing I heard at the event? That was from Robert Stephens, the illustrious founder of Minnesota’s own Geek Squad (acquired by Best Buy in 2002). See my recent coverage of Robert being named MN Entrepreneur of the Year. And, yes, he was just interviewed on 60 Minutes, too! I had a great chat with Robert, during which I mentioned that I’d heard Best Buy was hosting an event that very day in Silicon Valley, just for VCs.  He said, yeah, that he was supposed to be speaking there. I asked why he wasn’t. "Because I’d rather be here. I really believe in the Minnesota tech community."  Now, is that freaking cool, or what?  Screw the Valley, he’s more interested in the action here! Robert is a major supporter of our state’s entrepreneurs — a hero in our midst, for sure.

What else really impressed me?  Well, besides the great startups that pitched and just the huge energy of our collective developer/entrepreneur/interactive/marketing community, I have to say that I continue to be really pumped about the quality of new players we keep drawing to these events. We had partners from at least two major VCs firms (and three more I knew really wanted to be there but had schedule conflicts), another from the largest "network of angel networks" in the country, an investment banker whom I know is currently raising a large chunk for a local startup, and more major, local angel investors than I’ve seen at any of our previous meetings. Yes, that’s right, the guy (or lady) you were standing next to could be one — so, don’t spill beer on ’em!  🙂  Seriously, they were there to catch the buzz on what’s new, who’s starting up what, and to schmooze with their colleagues about the latest deals circulating. [Unfortunately, some of the newer ones didn’t realize how noisy these gatherings get, and how hard it can be to hear the presenters, unless you move right up near the stage. But, hopefully they’ll follow up with individual entrepreneurs for one-on-ones — that’s really the intended outcome, anyway, for the startups pitching at these events.] And there were major dudes present as well from some of our state’s largest Internet-related businesses — trust me, I know these people! And I brokered at least two key introductions of local startups to some of these guys. They definitely wanted to know more about some of the technologies pitched. And, there’s more — we even had an NBA player, formerly of the Timberwolves (and a serious geek), in our midst! Not to forget our local media people — I know the Business Journal was present. Not sure if the Trib or the Pioneer Press made it (I was just too busy to see everyone I wanted to).  And, you just know that Minnesota’s best and brightest tech bloggers were there — Steve Borsch, Ed Kohler, Ben Higginbotham, and….well, you know. And so many of the developer attendees have great blogs of their own as well!  (See the links in the list of attendees on the Minnedemo site for those.)

So, who were the startup founders that pitched?  Well, it was an awesome combination of really smart developers, serial entrepreneurs, a major ad-agency producer, a female entrepreneur with a company just coming out of stealth, even a former Silicon Valley researcher that holds a patent on the technology he was pitching.  Minnedemoadaptiveave
People, you would be amazed if you drilled into the backgrounds of these folks — I can say that because I know many of them. There was a huge amount of experience and expertise represented on that stage on Thursday night — a proud moment for Minnesota entrepreneurship. Here’s a quick rundown on who got 10 minutes each to pitch to this raucous crowd:

•CrashPlan (Matthew Dornquast) – a virtual appliance for automatic, off-site backup
•FanChatter (Marty Wetherall) – mobile sports fan chat, photos, more (see news release)
•SOTAcomm (Gary Doan) – plug-and-play appliances integrating best-of-breed open-source "unified communications" apps for running a small business
•Wonderfile (David Carnes) – tag-based file management and collaboration
•Pokeware (Maryse Thomas) – monetizing video streams by giving consumers extensive access to products and information within them (see news release)
•Adaptive Avenue (David Quimby) – distributed commerce, "site within a banner," enabling a whole new category of clicks ("engagement" clicks)

[Photo of David Quimby presenting courtesy of Ben Wallace.]

But did you think we only have six startups here in Minnesota worthy of presenting?  Wrong, bucko! There were sixteen more — count ’em, 16!! — who were stacked up on the waiting list in case someone dropped out. They’re definitely worth a look, too….and they’re all listed here on the Minnedemo site, with links so you can learn more.

Remember to say thank you! (My daddy taught me that!) What an awesome event — and we owe it all to the event co-organizers, who donate a huge amount of their time to these things: developers Dan Grigsby, a successful entrepreneur who really knows how to give back to the community, and Luke Francl, a developer at local hot shop Slantwise Design. And the sponsors who pay the freight to make these events happen. We love ’em!  Read about ’em and support ’em. They keep coming back, too — all are repeat sponsors:
•Kinetic Data
•Split Rock Partners
•New Counsel
•ipHouse
•Electric Pulp

What’s the takeaway? Minnesota’s startup and Internet community is a one exciting place to be! You like it here, and I know the vast majority of you want to stay here. I’m proud to be a part of the community, and each and every one of you out there should be, too. It’s great to know that if you can work hard, think big, and make good stuff that improves people’s lives or work, or just helps them have more fun online — whatever! — that you can make a real contribution to our economy, and advance your own lot in life as well.

I can’t wait for our next Minnedemo or Minnebar event.  Meantime, keep building on the energy…and keep on networking!  🙂

Big Week for Tech in Minnesota

UPDATE (10/11, 10:00 am): To add links to news about two of the companies pitching at Minnedemo tonight. Be there or be square, dudes! (and dudettes, of course). Here’s some lowdown on FanChatter and Pokeware….and four other startups are presenting as well, as you can see at the Minnedemo web page.

——

Lots of things happening here in the Twin Cities technology community this second week in October. The IPO of local tech darling Compellent Technologies is expected to price tomorrow and start trading on Wednesday. I caught the news as soon as the Wall Street Journal hit my front step at 6 a.m. this morning (page C7): Offerings Rejuvenate IPO Market – Compellent Technologies, Virgin Mobile Will Debut; Heavy Buzz, But Any Pop? (subscription required, but soon Rupert Murdoch may change all that!). Compellentlogo
For those who can’t click through to the story, here are a couple of excerpts:

A computer-network-storage company and a provider of
cellular-phone service will be the focus of the market for initial
public offerings this week.

The market for such deals still is coming back to life
after its late-summer break, with six offerings that together could
raise as much as $1.39 billion scheduled to debut over the next five
days. If all actually make it that far, they will top the
companies that went public in all of September. ….

Compellent Technologies Inc., an unprofitable but
fast-growing computer-network-storage company, is getting much of the
buzz. It is scheduled to begin trading Wednesday on the NYSE Arca under
the symbol CML. Research firm Gartner Inc. named Compellent the world’s
fastest-growing disk-storage company last year, just four years after
it was formed …. Compellent…revenue
doubled in the first six months to $20.9 million, compared with a year
earlier. The company is selling 12 million shares between $10 and $12.

That’s a big IPO, folks — but 12 million shares is a typo. [I love it when I can catch typos in the venerable Wall Street Journal 🙂 ] An accompanying chart (not in the online version) says 6.9 million, which sounds more like it. That will still put the amount raised somewhere in the range of $69-83 million, which makes it the largest tech IPO in this town in quite some time.  Compellent has raised more than $50 million in venture capital, beginning in 2002 with investments by Crescendo Ventures and El Dorado Ventures, both Silicon Valley firms populated by former Minneapolitans I know. [Watch for more from me on Compellent on Wednesday.]

The MN Startup Schmoozin’ Event of the Season
The day after watching the big IPO pop or not, we switch our emphasis to the new, upcoming success stories in the MN startup community! The long-awaited periodic gathering of our local tech entrepreneurs and developers, playfully called Minnedemo, fires up at 6:30 pm on Thursday. Minnedemo
It’s a free event, and is at St.Paul’s legendary Irish bar and restaurant, O’Gara’s (actually, we’ll be in the large, attached venue called O’Gara’s Garage.) This organization is part of the very popular grass-roots BarCamp phenomenon, which is international in scope. The last event we had for our local group, an all-day Saturday event in the spring (see my coverage), was the largest Barcamp event to that date ever in the U.S., with close to 400 in attendance! So, don’t let anyone tell you the Twin Cities isn’t a hot tech market!!  I’m betting this event will pull close to 300, and the first 200 to show up get two free beers or sodas — can you beat that?  That’s courtesy of our illustrious sponsors (see site).  And I’m betting there’ll be some good munchies, too. After an hour of networking, six local startups will demo their offerings [note: no Powerpoint allowed — yeah!]:  Adaptive Avenue, FanChatter, Pokeware, PROserver Virtual Appliance, SOTAcomm, and Wonderfile. (See Minnedemo site for more info and links to those demoing companies.)

The Company That Started It All
I owe a lot to Control Data. I may have been only a mere neophyte when I worked there, but, wow, did they put a lot of trust in me, and did I ever learn a lot.  They actually gave me some rope to do stuff, and they just kept promoting me!  How cool is that?  And I kept stepping up to the challenge. It was a fun, fun ride, and I will forever be grateful to this technology pioneer, this unbelievable cauldron of innovation and entrepreneurship to which our entire state’s IT community owes a huge debt of gratitude — if not its very existence. Cdc50yrceleb_2
Do you realize how many thousands of companies were spawned by Control Data?
I cannot miss this event on Friday, and I invite anyone who’s involved in the local information technology to attend. You’ll be in some very great company! It’s the Control Data 50 Year Celebration at the Minneapolis Convention Center on Friday afternoon, and it’s even free. One of my favorite all-time entrepreneurs will be speaking, a guy I admire tremendously: Larry Jodsaas.  He was a Control Data executive who later risked it all to lead VTC Inc., a Control Data semiconductor spinout, which was a huge success and became a 15-year client relationship for me before it was acquired by Lucent (Agere) in 1999. It’s a great story.  There’s a cocktail reception following this event and, for those who sign up separately, a dinner after that, with U.S. Senator Norm Coleman speaking. I’m really excited about this event, and I hope you’ll join me!

DEMOfall 07: Thoughts and Images

Another DEMO event has come and gone, and it was a great one. Kudos again to Chris Shipley and team. These conferences go by so fast, but I try to capture as much as of the energy and optimism as I can from all the tremendous innovations that get launched here. It’s certainly a challenge to cover so many  interesting, breakthrough technologies, but always a great conference experience. Entrepreneurship at its finest!

Didn’t get a chance to shoot a whole lot of photos this time — too darn busy meeting people, attending all the sessions, and (of course) writing posts!  But I did get 50 pix or so up on Flickr. And I’ve included a selection of them here in this post.

Demofallstagecolors

As a recap, I thought it’d be fun to give you some facts about this conference. This year is the 17th straight for DEMO events (and two conferences per year have been held for many years now). The brand had its beginnings in 1991, founded by tech journalist Stewart Alsop, and was later acquired by IDG. It’s now run by the crack team from Network World Conferences. [By the way, speaking of Stewart Alsop, who became a VC several years ago — I was bummed that I had to miss hearing him deliver a keynote at an angel investor conference back here in Minnesota last week, because of all my travels. But I hear that event went very well, too.]

There were 69 companies pitching at DEMOfall this year, two of them public firms, and all the rest private — mostly small startups (and, in most cases, just coming out of stealth mode). Those 67 companies have amassed — get this — more than $450 million in funding to date! That’s an eye-popping average of $6.7 million each. (Of course, that figure is skewed somewhat by one DEMO presenting company, Jasper Wireless, which has already raised a cool $49 million! Its investors include my friends at Crescendo Ventures and BridgeScale.) As I mentioned in a previous post, 13 of the 69 companies were from countries other than the U.S. — quite a global contingent this year!  DemofallsunriseIt was great to see and hear these entrepreneurs from other countries, and I got to meet several of them. [My favorite company name of that bunch: Red Square Ventures, from…guess where?]  My post with links to all the presenting companies is here, and it lists where each of them is based. There were also 12 states represented — CA, as you may have guessed, had the most companies (32), with MA a distant second (6), then TX (5), and NY (4).  Sadly, none yet from my adopted home state of MN — but I’m working on that. [Chris, trust me — we have several here waiting in the wings!]  I was, however, instrumental in getting a firm from WI to DEMOfall this year, so I’m happy about that.

Attendance at the event was more than 700, which DEMO sums up as "corporate development executives, investors, influential journalists, and the most imaginative entrepreneurs in the world." I love that last bit. The press list numbered 76,  including such venerable names as the Wall Street Journal, BusinessWeek, the Financial Times, The Economist, The Deal, CBS, the AP, Reuters, USA Today, the Washington Post, the LA Times, the Merc News, Wired, CNet, ZDNet, eWeek, Computerworld, NetworkWorld, InfoWorld….but that’s not all! Demofallsurfvideos Several standout blogs were reporting on site as well, including Read/Write Web, GigaOM, Mashable, TechDirt, the new Blognation (Oliver Starr and Marc Orchant) — and (ahem) your buddy at Tech-Surf-Blog, of course… 🙂

DEMO has quite a track record as a launchpad for some pretty amazing firms. Here are just some of them:  Skype, WebEx, E*Trade, Six Apart, Salesforce.com, IronPort Systems, Moobella, Kaboodle, U.S. Robotics, and new ventures from such large firms as IBM, Sony, Motorola, Microsoft, and Adobe. It’s also launched such memorable products as TiVo, Half.com, Java 1.0, the Palm Pilot, and Ugobe’s Pleo toy.

This year’s DEMOfall had a good mix of consumer-facing, corporate computing, and enabling technologies. So,the event reflects activity across the entire technology industry. Here’s how this crop of presenters was categorized:

• Consumer technologies … 36 (5 devices, and fully 31 software and services offerings)

• Enabling technologies … 16

• Small business software and services … 10

• Enterprise software and services … 5

• IT management and infrastructure … 2

Demofallpavilion

An interesting bunch of the small business tool companies got together the first night for beers, I was told, and decided their offerings were the solutions for "everyman," or all the "average Joes" out there. In the course of all this revelry, they coined a new term: "Web2.joe" — which is pretty funny. [Well, okay, maybe you had to be there.] They decided all their tools shared the main criteria needed by today’s small business people: affordable, easy to use, and customizable. These partying companies, a few of which I had a chance to later blog about, were BatchBlue, FastCall411, Advanta (ideablob), InstaCall, Vello, PlanHQ, and Tungle. I definitely think they’re all addressing a big need, and I’m sure we’re bound to be seeing more such small business tools, especially hosted apps, at future DEMO events. It’s such a huge market opportunity.

Demofallafterdark

And that, friends, is what DEMO is all about: unlimited opportunity.

See you down the road at the next conference!

DemofalltheinterviewDemofallpoolDemofallsunset

Some of the Great People I Met at DEMOfall ’07

Well, once again — who’d have guessed? — I made a whole bunch of new contacts at DEMO! 🙂  Once I get home from these events and go through my cards, I’ve made it a tradition to do a post and say-hey to these folks. So, here ya go, friends!

Demofallstagebanner

The names below are just new people I actually got a card from. My apologies to all the others I met but didn’t have time to exchange cards with — that’s why cards are good: they help us remember!  Regardless, it was great meeting all of you!  And I hope to see you again soon in my travels, or at a  future conference. And to all those old friends and acquaintances I ran into again, it was awesome to see you, too!  I just wish I could have had a chance to talk more with all of you… Things are so rushed at these conferences, especially when you’re blogging like mad as well.  [That’s why the coming new DEMO.com community site will be so great!]

Here are those from whom I got a card (in alphabetical order by last name):
-Sean Ammirati, VP Business Development, mSpoke (FeedHub), Pittsburgh, PA
-Matt Biscuiti, VP, The Lippin Group, NYC (for PeopleJam)
-Alistair Campbell, CTO, TruPhone, London, UK
-Scott Chou, Chairman, iForem, Redwood Shores, CA (and Gabriel Venture Partners)
-Allison Clark, Ink Tank PR (for ideablob), Highland Park, IL
-Adam Darowski, UE Designer, BatchBlue Software, Providence, RI
-Chris DeMarche, Director, MotionDSP (FixMyMovie.com), San Mateo, CA
-Mike Garity, VP Marketing & Business Development, DEMO
-Thor Harris, President, Percepture, Lake Hiawatha, NJ
-Jonathan Hirshon, Principal, Horizon PR, Santa Clara, CA
-J. Johnson, Chairman, Global Communications, Houston, TX
-Ami Kassar, Chief Innovation Officer, Advanta (ideablob), Spring House, PA
-Zhenya Kirueshkin-Stepanoff, VP Sales, iForem, Redwood Shores, CA
-Joanne Kisling, PR, Sun Microsystems, Menlo Park, CA
-Colin Kurth, Events Manager, PR Newswire, Chicago, IL
-Rene Lacerte, CEO, CashView, Palo Alto, CA
-Dave Mawhinney, CEO, mSpoke (FeedHub), Pittsburgh, PA
-Macario Namie, Sr Director, Product Marketing, Jasper Wireless, Sunnyvale, CA
-Alex Olson, Cofounder, FilmCrave.com, Kansas City, MO
-Stephen Pieraldi, CEO, iForem, Redwood Shores, CA
-Trish Ridgway, Sr Account Executive, Ignite PR, Belmont, CA
-Michelle Riggen-Ransom, Communications Director, BatchBlue Software, Providence, RI
-Ori Soen, CEO, MuseStorm, Yahud, Israel, and Sunnyvale, CA
-Cathy Sperrazzo, EyeToEye Communications, San Diego, CA
-Oliver Starr, Senior Analyst, Guidewire Group, San Francisco, CA
-Sean Varah, CEO, MotionDSP (FixMyMovie.com), San Mateo, CA
-Rob Vickery, Clarinova, Del Mar, CA
-Amanda Wheatcroft, Principal, Beta PR, San Diego, CA

I’m gonna have to try getting onto BatchBlue’s free site for DEMOfall attendees (see my previous post on that company) so I can reconnect with people — both these and the ones I didn’t get cards from. There are so many conversations I wanted to have, so many great new companies and technologies I wanted to learn more about, so many old contacts I wanted to reconnect with, but (sigh) just not enough time. These two-day events are such a whirlwind!

DEMOfall 07: Day 2 – mSpoke…Finally, Feedreader Relief

Didn’t you just know that somebody was going to address the information overload in your RSS feedreader? How often do you even add a new subscription anymore, for fear of not even having time to read what you already have? Mspokelogo
Not to worry — the guys from mSpoke just introduced Feedhub, a personalized, customizable RSS feed that automatically selects the most relevant posts from the set of feeds you select.  I just registered and uploaded my OPML file (easy to do in Google Reader, in my case), and — voila — I have a personalized feed!  I can’t believe how easy it was….

Mspokeonstage_4

"We make your feedreader smarter," crowed CEO Dave Mawhinney from stage Wednesday afternoon. "We let you stay informed without being overwhelmed."

How does it work?  The company uses its mPower Adaptive Personalization Engine, which dynamically adapts to your reading habits.

"Are you ready to declare RSS bankruptcy?" asked Sean Ammirati, mSpoke’s VP biz dev from stage. "You can take advantage of Feedhub no matter what popular RSS reader you use — Google Reader, Bloglines, NetNewsWire, etc."  And he added: "Are you ever reluctant to subscribe to a new feed because of information overload? If so, this is perfect, because it will give you only the posts from that source that are relevant to you."

Here’s a screen shot of the Feedhub home page (where I simply clicked
to register), followed by a screen shot showing how I selected the
amount of content I wanted (after I uploaded my OPML file), and, finally, a screen showing what my Google home page now looks
like with my Feedhub Personalized Feed just where I want it (upper
left).

Feedhubscreen_3

 


Feedhubscreen2_4

 

UPDATE 10/5: Here’s a great explanation of Feedhub that Guy Kawasaki posted yesterday…"Reality Check: FeedHub."

Mygooglehome_4

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