Reflections & analysis about innovation, technology, startups, investing, healthcare, and more .... with a focus on Minnesota, Land of 10,000 Lakes. Blogging continuously since 2005.

Tag: entrepreneurship (Page 2 of 6)

For Innovation in Minnesota, Check Out ‘Minnov8’

Here’s the first part of another post I did over at our new multi-author blog called Minnov8:

The
University of Minnesota is among the top patent producers in the world,
ranking #4 on Scientist Magazine’s list of “Patent Powerhouses,” behind
only three other major American universities. Yet, quantity of patents
hardly paints the entire picture. What about helping to start up
companies to commercialize those patents?

Uofmlogo

According to the U’s own business development people (see link to
Powerpoint presentation at bottom), the 20-year success record of the
U’s technology company spinoffs is only half
the university average nationally — and less than one-fourth the
success record of the nation’s premier schools. What’s more, in one
recent year (2004), for example, the U of MN spun off only one company
compared to 14 at the University of Michigan and 16 at the University
of Illinois. Why I am focusing here on spinoffs? Well, because,
according the U’s own business development people, creating university
spinoffs is “much more profitable than licensing (revenues)” to the
school.

And, besides, the largest source of the U’s licensing revenues will run out soon …. post continued here.

A New Blog About Innovation

Several months ago, some of my Minnesota buddies and I started talking about a need for a site that could focus on the cool things happening in technology and the Internet right here in our state. Minnov8logo_2
We ended up deciding that a multi-author blog seemed to be the way to go, since we as a group (six of us) seemed to collectively be plugged in to most of what was happening here  — the founders, the technologists, the  developers, the investors, the new ideas.
We started sharing thoughts of what we could blog about and kinda blew each others’ minds — so many good Minnesota tech stories out there, just waiting to be told. My esteemed blogging buddy Steve Borsch, of Connecting The Dots, really led the charge. Hats off to him, because this idea simply wouldn’t have happened without his energy and passion.

Well, today, Saturday, you can now check out Minnov8.com"Minnesota Technology Innovation News & Insights." After talking about it for months, it’s finally a reality. Well, kind of a soft-launch, anyway. Trouble is, starting in January, we all got really busy, but we decided we had enough content in the can, as it were, that we should go, at least with a few posts to get started. (More is coming as we speak.) My first post was about innovation in angel investing, a topic I’m very close to and have also written about here on Tech~Surf~Blog, as well as on GetGoMN.org.

None of us needs another blog to be committed to. But I hope to be able to contribute ongoing, at least in my spare time, weekends, etc. And I personally intend to recruit guest bloggers from time to time. The community needs a forum like this, we’re convinced, and it was time to let ‘er rip. We all really believe strongly in our community. But there’s lots more to come from our current team of contributors, so keep your eye on Minnov8. And do let us know what you think. Go, Minnesota tech!

DEMO ’08 Announces Presenting Companies

Well, have I ever got a linkfest for you. Following up on my post of January 7, the big event next week is now taking shape: I just got the early word that no less than 77 new products (!) will be launched at the DEMO ’08 conference. Check out the list — did I mention it’s with links? — that I inserted for your clicking pleasure below. David Weinberger would love this one. And my other Cluetrain friend, Doc Searls, too. He once described a post I did as "linkier than a vest of chainmail."  Well, this one’s got more, Doc — about eighty, if you can stand it.  I’m getting so adept at inserting links in my Typepad WYSIWYG interface, it’s scary. Remember, it’s not so much how many people read your posts, it’s how long you engage them. Well, this one’s got a lot to keep you engaged if you’re hooked, like me, on just having to know what’s coming next in tech.

The rules for DEMO presenters state their products must not be previously available or promoted publicly, so many of the links below are brand-new sites, and some may not have much info online till Monday morning, the day registration opens.  So keep watching their sites…that’s right, via those links below.

Most of you probably don’t need me to tell you this, but DEMO is a twice yearly "emerging technology showcase" that’s known for launching some of the tech industry’s biggest innovations.  Now in its 18th year, the events have hosted a "who’s who" of company and product debuts, including those from VMWare, Google, IronPort, Apple, salesforce.com, Palm, Intel, HP, Yahoo!, Logitech, TiVo, and GrandCentral. The show’s producers, led by Chris Shipley, select presenters from hundreds of applications. Each firm launches its new product in a six-minute live stage demonstration attended by journalists, investors, and business professionals from around the globe. The press corps, of which your humble blogger is a part, will number close to 100. As I like to say, everyone from Walt Mossberg on down. (Okay, I’m at the bottom.) DEMO ’08 is being held January 28-30 in Palm Desert, CA. [You can still register — click on the graphic at right.]

DEMO kicks off 2008 with a variety of technologies for consumers and businesses alike. Here are some hints about what’s coming next week:

• a personalized telephony service converging data and voice
• broadcast-quality video delivery service for the Internet
• a Web-based platform for scalable storage delivery
• a portable learn-to-read system
• a service that enables image and video collaboration
• a solution that teaches you to play your favorite popular tunes
• a collaboration solution for business and personal use
• TiVo for your mobile phone
• HD video conferencing over IP networks
• multiple technologies for students, parents, and children
• and products from all over the world, including Australia, Canada, Finland, Israel, New Zealand,  Taiwan, and the United Kingdom.

Here are the DEMO ’08 demonstrators:

2Win Solutions, Ltd.; Raanana, Israel; www.2win-solutions.com
800 PBX, Inc.; Fremont, CA; www.800genie.800pbx.com
Acesis, Inc.; Mountain View, CA; www.acesis.com
Asankya, Inc.; Atlanta, GA; www.asankya.com
Aternity, Inc.; Westborough, MA; www.aternity.com
atlaspost.com; Taipei City, Taiwan; www.atlaspost.com
Avistar Communications Corp.; San Mateo, CA; www.avistar.com
BitGravity, Inc.; Burlingame, CA; www.bitgravity.com
blist, Inc.; Seattle, WA; www.blist.com
Buzka, Pty Ltd.; Subiaco, Australia; www.buzka.com
Capzles, Inc.; Culver City, CA; www.capzles.com
Catalyst Web Services, LLC; Alexandria, VA; www.catalystweb.com
CellSpinSoft, Inc.; San Jose, CA; www.cellspin.net
Celsias, Ltd.; Wellington, New Zealand; www.celsias.com
CHALEX Corp.; Grasonville, MD; www.chalexcorp.com
Circos.com, Inc.; San Mateo, CA; www.circos.com
Citiport, Inc.; Taipei City, Taiwan; www.citiport.net
Citrix Systems, Inc.; Ft. Lauderdale, FL; www.citrix.com
Cozimo.com, Inc.; Berkeley, CA; www.cozimo.com
Delver, Inc.; Herzliya Pituach, Israel; www.delver.com
Ecrio, Inc.; Cupertino, CA; www.ecrio.com
Education.com; Redwood City, CA; www.education.com
Eyealike, Inc.; Bellevue, WA; www.eyealike.com
Fabrik, Inc.; San Mateo, CA; www.fabrik.com
Flypaper, Inc.; Phoenix, CA; www.freshbrew.com
GoldMail, Inc.; San Francisco, CA; www.goldmail.com
good2gether, Inc.; Melrose, MA; www.good2gether.com
Green Plug, Inc.; San Ramon, CA; www.greenplug.us
HealthPricer Interactive, Ltd.; Vancouver, BC; www.healthpricer.com
Hubdub, Ltd.; Edinburgh, Scotland; www.hubdub.com
Huddle.net; London, England; www.Huddle.net
Iterasi, Inc.; Vancouver, WA; www.iterasi.com
iVideosongs; Alpharetta, GA; www.ivideosongs.com
Jodange, LLP; Yonkers, NY; www.jodange.com
Kaazing Corp.; Mountain View, CA; www.kaazing.com
LeapFrog Enterprises, Inc.; Emeryville, CA; www.leapfrog.com
LegiTime Technologies, Inc.; Westport, CT; www.legitext.com
LiquidPlanner, Inc.; Bellevue, WA; www.liquidplanner.com
LiquidTalk, Inc.; Chicago, IL; www.liquidtalk.com
Liquidus Corp.; Chicago, IL; www.liquidusmedia.com
Livescribe, Inc.; Oakland, CA; www.livescribe.com
MANDIANT; Alexandria, VA; www.mandiant.com
MOLI, LLC; West Palm Beach, FL; www.moli.com
Movial; Helsinki, Finland; www.movial.com
Nirvanix; San Diego, CA; www.nirvanix.com
NotchUp, Inc.; Los Altos Hills, CA; www.notchup.com
Notebookz.com, Inc.; Berkeley, CA; www.ileonardo.com
Pathworks Software Corp.; Mountain View, CA; www.pathworkssoftware.com
Redux, Inc.; Berkeley, CA; www.redux.com
Review2Buy, Inc.; San Francisco, CA; www.review2buy.com
Ribbit Corp.; Stanford, CA; www.goribbit.com
Rove Mobile, Inc.; Ottawa, Ontario; www.rovemobile.com
Santrum Networks, Inc.; Taipei, Taiwan; www.santrum.com
SceneCaster; Richmond Hill, Ontario; www.scenecaster.com
Seesmic; San Francisco, CA; www.seesmic.com
Silobreaker, Ltd.; London; England; www.silobreaker.com
Skyfire; San Jose, CA; www.dvclabs.com
SpeakLike, LLC; New York, NY; www.speaklike.com
Sprout, Inc.; Honolulu; HI; www.sproutfusion.com
Squidcast; San Francisco, CA; www.squidcast.com
StackSafe, Inc.; Vienna, VA; www.stacksafe.com
Standout Jobs, Inc.; Montreal, Quebec; www.standoutjobs.com
STEP Labs; San Jose, CA; www.steplabs.com
Sterna Technologies, Inc.; San Mateo, CA; www.friend-ltd.com
support.com; Redwood City, CA; www.support.com
SupportSpace, Inc.; Redwood Shores, CA; www.supportspace.com
Symantec Corp.; Cupertino, CA; www.symantec.com
TimeTrade Systems, Inc.; Bedford, MA; www.timetrade.com
Toktumi, Inc.; San Francisco, CA; www.toktumi.com
TubeMogul, Inc.; Berkeley; CA; www.tubemogul.com
Vidyo™, Inc.; Hackensack; NJ; www.vidyo.com
Visible Measures Corp.; Boston, MA; www.visiblemeasures.com
Voyant, Inc.; Austin, TX; www.planwithvoyant.com
xtranormal, Inc.; Montreal, Quebec; www.xtranormal.com
Yoics, Inc.; Palo Alto, CA; www.yoics.com
YouChoose, LLC; Thornton, PA; www.youchoose.net
Zodiac Interactive; Valley Stream NY; www.zodiac.tv

The DEMO conferences, which are now held in China and Europe as well as the U.S., focus on
emerging technologies and new products that are hand-selected from
across the spectrum of the technology marketplace. DEMO has earned a reputation for consistently identifying tomorrow’s
cutting-edge technologies, serving as a launchpad for
companies such as Palm, E*Trade, Handspring, and U.S. Robotics, helping
them to secure venture funding, establish critical business
relationships, and influence early adopters. More information about the conferences is at Demo.com.

Oh, one more thing: my buddy Mike Garity at Network World Conferences, which runs these great events, would especially want me to tell you this:  videos of the live stage demonstrations launching each of the 77 products will be available on Demo.com beginning Tuesday afternoon, January 29.  That’s a new wrinkle, and I hear a whole new Demo.com site is launching, complete with community and social networking features. That will be cool.

Let me know what you like from the above list, or want to know more about.  I’ll be live-blogging from the event, as always.  Hell, I might even Twitter, too…from my iPhone…while simultaneously uploading the pix I’m shooting to Flickr…or maybe Tittr.

UPDATE (3:30 pm Central):  To fix three links…  🙂

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!

« Older posts Newer posts »