Graeme Thickins on Tech

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: Venture Capital/M&A/Angels (Page 27 of 53)

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

February 8, 2009 / / 5 Comments

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…

February 6, 2009 / / 0 Comments

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

December 20, 2008 / / 2 Comments

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 Turo.  It 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.)

DEMOfall 08 vs. TechCrunch50: My Wrap-Up of Last Week

September 15, 2008 / / 1 Comment

I attend a lot of conferences. A ton of conferences. I actually started reporting on tech conferences in 1997, would you believe?  Heck, I can’t even count how many I’ve attended, how many reports I’ve filed, for how many media outlets, how many endless thousands of words I’ve tapped out, at all hours of the day and night, from meeting rooms, lobbies, and bad hotel rooms all over God’s green earth (not to speak of planes flying above it).  I think that gives me some perspective on what makes for a good conference. Demofallkarawalt

So, then, I suppose you guys would like to hear my take on the events I attended in California this past week, huh?  I guess this is as good a time as any, as I drink wine on the plane home and finally get some think time, to start tapping this one out on the keyboard. Seems like my chance to wax on about my thoughts on these two opposing/overlapping events… Techcrunch50mikearrington

Now, the way I figure it, there are two ways I could do this: a really long blog post (trust me, I have tons I could say), or really short. I can’t see something in between. Since the flight is only another hour and a half, I’m thinking shorter has to be the way to go. Thus, here’s my analysis in sound-bite form.

Two Conferences for Startups: Similar, But World’s Apart
You know how the two events were similar, I suspect. I’ve blogged previously on this topic (scroll back if you want). I’ll focus here on how they were different.  So, here goes some thoughts off the top of my head:
– DEMO was for a more experienced, mature crowd. TC50 was for the "cool kids." (Cool kids by definition are not all that experienced, and frankly can be a real pain in the ass.)
– DEMO was extremely well run. TC50 wasn’t.
– DEMO was held in a resort location. TC50 was held…south of Market.
– DEMO was friendly. TC50 wasn’t.
– DEMO networking was excellent, as usual. TC50’s was…meh.
– DEMO had great social media tools set up for attendees. Never saw anything like that at TC50.
– DEMO had some great parties. TC50’s…weren’t.
– DEMO had everything on site. TC50 required riding cabs (hotel, evening events), which sucks.
– DEMO’s food was flat-out excellent. TC50’s was ho-hum.
– DEMO’s production values were top-flight. TC50…has some things to learn.
– DEMO had great bump music. Never heard much at TC50.
– DEMO’s on-stage presenters were well prepared. TC50’s varied…widely.
– DEMO’s logistics were impeccable, as usual. TC50’s were…challenged.
– DEMO’s support of press attendees is flat-out the best. TC50’s was…some emails.

But enough equivocating! How do I really feel? 🙂 I’m just telling it like it is based on my own conference experience. Do with it what you will.  Now, in defense of TC50, I was only there for one day (the last).  Maybe the first two days were better (God, I hope). Because I wasn’t there for all of TC-50, I can’t attempt to give you a list of my top-10 favorite startups that launched there.  But, since I did take in the entire DEMOfall conference, I will do my normal best picks from that event — out of the 72 startups that presented.

My Top-Ten DEMOfall Picks
Here are the ones that lit me up, presented here in no particular priority order (just alphabetically). And, to give you the gist of each, I’m including part of what I tweeted about each right as they were on stage:
•  Best Buy (Giftag.com) – of course! my hometown boys – "universal gift registry"…Firefox plug-in…just highlight product at any ecommerce site, then click Giftag icon in your browser bar, and it’s saved
•  BizEquity.com – provides valuations of small businesses, at no cost to the business…small biz in U.S.=$5.8 trillion, a couple trillion more than all Nasdaq cos!
•  BlueLava Technologies (iLovePhotos.com) – has desktop software (Mac now, Win later) that examines your photos and sends ’em to the people in the photos…ooooo!
•  DialDirections (SayWhere) – no more typing on your iPhone, just SAY it, dude! mapping, directions, reviews… (coming soon)
•  Fusion-io – announced ioDrive last yr, now ioSAN…shared solid-state storage…1.5Gb/sec – doubling perf from last yr…can transfer 5 DVDs in seconds
•  MixMatchMusic – a community for musicians and consumers alike, to mash it up…and the musicians even make money!
•  PaidInterviews – disrupting the traditional recruiting model…once candidate’s selected, they’re paid their "ask price" to go on interview…turns recruiting world upside down
•  Plastic Logic – been developing new display technology for 10 yrs, reader coming ’09…no glass, very light, long battery life….woooo!
•  PhoTrade – a visual marketplace connecting photogs, advertisers, web publishers…upload, set price, share…when you’re on deadline, you gotta find and buy a photo fast
•  SpinSpotter – out to bring transparency to news reporting…lets user put on "Spinoculars," highlight unsubstantiated words, submit objections…gad, maybe keep media honest?

Read My Play-by-Play Twitter Account of Both Events
By the way, speaking of tweets, I thought I’d give you the links to my entire Twitter archive on each of these events. The only way I can capture or save all my tweets for later blogging — at least until somebody creates a better way — is to scroll back in Twitter and shoot a screen capture of a page at a time. So, that’s what I did, and I then posted those images (PNG files) to my web site.  The trouble with this approach, of course, is that everything is arranged most recent first — so you don’t get the logical, chronological order of the event, unless you somehow go to the bottom screen capture first and read up.  Anyway, here’s my index of tweets for DEMOfall (#1 most recent, #18 oldest), and my index of tweets for TechCrunch50 (#1 most recent, #8 oldest). 

Let me know what you think. Did you attend either event?  Or did you try to follow them online?  Do you even care?  What were your favorite startups at either one?

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