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: Innovation (Page 2 of 7)

Hints of What’s Coming at DEMO ’09

As noted to the right in my sidebar, I'll be reporting from the DEMO conference coming up soon in Southern California. I always look forward to this time of year. I think it will be my seventh or eighth DEMO event in a row (they're held twice a year), and maybe my tenth overall. DEMO is "The Launchpad for Emerging Technology."  DEMO-09-logo+dates
Nowhere else can you get a reading on what's coming in tech better than you can at this event. Click in that graphic to the right for details about registering.

DEMO prides itself in finding the "diamonds in the rough" before anyone else. Over the years, this event has been the site of the first launch of such ventures as Palm, Java, TiVo, and E*TRADE in the mid/late '90s, and, in more recent years, Salesforce.com, VMware, Six Apart, OddPost, IronPort, GrandCentral, and Glam Media, to name a few. 
DEMO says it focuses "on real products ready for market—regardless of their geography." Presenting firms hail from many countries.

DEMO-TheMomenContinues

So, who attends this thing?  Media and bloggers, VCs, business development professionals, IT executives, and new technology firms from all over the world.  DEMO says 15,000 people have attended their events over the past
19 years. Read more here: Who Attends DEMO? Here's a sampling of companies the people of DEMO have told me will be attending the upcoming event on March 1-3: Deutsche Telekom AG, August Capital, Meakem Becker Venture Capital, First Round Capital, Allegis Capital, Motorola, Google, Hitachi America, Microsoft, Qualcomm, Symantec, UBS, NYSE, Wall Street Journal, The Economist, VentureBeat, Business Week, Forbes, ABC, eWeek, North Bridge Ventures, NTTCOMWARE, Hummer Winblad Venture Partners, Verizon, Alcatel-Lucent, SVB Capital, Mayfield Fund, Granite Ventures, New Enterprise Associates, and more.

What kinds of firms will be pitching?  Well, DEMO doesn't let out much in advance of the show — certainly not the list of presenters. That's a big secret. (Companies actually have been dropped from the event if they leak that they're presenting. And we press attendees, of course, have to honor that embargo as well.) The list of presenters is only released the Friday night before the event, which kicks off with a Sunday night reception. (I always post that list of presenters as soon as it's released to the press, so watch this space on the evening of February 27th.)  But the DEMO producers did provide me with an interesting set of stats on the DEMO '09 presenters, represented in a couple of charts. So, here's a Breakdown of DEMO '09 Presenters by Market Segment and Funding to Date:

DEMO-09-stats But should we really be expecting much excitement at DEMO this year?  Isn't the economy in the tank?  Does innovation really move ahead in these times?  You bet it does!  And the DEMO blog cites recent examples of that from the 2001 downturn. Sure, there will be fewer attendees, and fewer presenters. For the last several shows, we've seen about 65 presenters on average doing their six-minute pitches at each event. This time, it will undoubtedly be less, maybe may even fewer than 50. But I guarantee you we'll be hearing some of tomorrow's big winners, on stage for the first time. Because we always do. And the anticipation of that is, frankly, really exciting to me, and to the rest of 500+ who will be attending. It is an extremely upbeat affair, every single time.

There are some great updates being posted on The DEMO Blog, by Chris Shipley, Executive Producer, and other staff members.  Here are three recent posts:

Two Panels Just Announced for DEMO '09 … VCs on one, past DEMO company CEOs on the other
Smart Money Takes a Flight to Quality … "yes, it's a great time to throw a conference that launches new technology products, spots trends, and celebrates innovation"
Making a Lasting Impact … about how one past DEMO presenter, battery company Boston Power, is growing rapidly

And give a quick listen to a podcast about DEMO '09 recorded on January 29 by my friend Keith Shaw of Network World and Carla Thompson of the Guidewire Group.

Your intrepid reporter: pumped and ready. I can't wait to live-tweet DEMO '09! I did somewhere between 200 and 300 newsy tweets at the last one — so (fair warning) get ready for the firehose!  And I'll be doing podcast interviews for the first time, too, with my whiz-bang new toy: a studio-quality handheld recorder. I'm gonna give it a go in the way of some short, ad-hoc interviews of presenting company founders, VCs, and various luminaries wandering the great hall, the pavilion, and (of course) the hallways. And I'm told I can upload these pretty quickly to my blog, giving those of you who can't be there at least a near-realtime sense of what's going on at DEMO.

Will you be going to DEMO '09?  If so, let us know in the comments! (And let's try to meet up face-to-face.)  If you can't make it, what would you most like to see covered? What answers would you be seeking if you were there? What you would most want to get out of the event?

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.)

Minnebar ’08 Schedule Announced – It’s Hot!

The program for our annual Minnesota Barcamp — Minnebar — was just released late yesterday. The event is being held Saturday, May 10, at the Coffman Union on the U of MN campus. Here’s a look at where things are so far, and note that it’s subject to change.

Minnebar08sched1

Don’t miss the panel at 12:00 noon: "State of the State: Technology in Minnesota" in the theater on the first floor. Panelists include:
• Doug Olson, who heads a Microsoft developer team in MN
• Jamie Thinglestad, Mpls-based CTO of Dow Jones Online 
• Michael Gorman, Partner at VC firm Split Rock Partners
• Robert Stephens, founder of Geek Squad (a unit of Best Buy)
• And Dan Grigsby, our infamous local rabble rouser at Unpossible.com 🙂 and original lead organizer of Minnebar/Minnedemo.
Minnebar08sched2_3
Note the "Lightning Demos" at 4:00 and 5:00 — which I think will be especially good!  These are five-minute presentations available to new or existing startups, or anyone who has a new idea or favorite topic to talk about. If you want to add yours to the list (which is not yet published), just send an email to event co-orgnanizer Luke Francl at look (at) recursion (dot) org — telling him your name, company name, and what you’ll be talking about. Minnebar08sched3_3

See you Saturday! This will be fun — how could it not be, with a frenzied crowd of some 400 of your fellow MN tech enthusiasts? 🙂

I’ll be there Twittering and shootin’ pix all over. And I’m also part of the Minnov8 team, who’ll be Twittering as well. But, trust me, there’ll be plenty of hot networking in between!

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.

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