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 28 of 54)

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.)

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

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?

Best Team Get-Up at DEMOfall – BizEquity.com

Bizequitycomgroupphoto

So, how does a presenting company stand out at DEMO? Ask BizEquity.com, led by DEMO returnee Ami Kassar (on the far left). This new site helps you find out what any small business is worth — so they all dressed up like, you got it, small business owners. Ami is in pizza shop garb, complete with tomato sauce stains… 🙂

DEMOfall Blog Feed Is Startin’ to Buzz

In addition to having a Twitter account — @demofall08 — DEMO has a nice blog feed set up at a site created by EventVue, which you can see here. Actually, it’s just part of an entire social network for the conference. I joined it over the weekend, so my posts will be there. (And my tweets appear at their Twitter page, too.) In the screen shot below, you can see that at least one TechCrunch50 blogger is already using the blog feed. Figures.

Eventvuedemofall

UPDATE:  Hah, just found another Twitter account that DEMO runs — @demotweets — which I see has been going for some time now. I guess it will also have updates about the event. The other Twitter page mentioned at the top is for the purpose of aggregating tweets from attendees, so it was just set up a couple days ago.

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