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 4 of 7)

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!

ETech: My Review for Conferenza

Well, ETech was a wrap Thursday afternoon, so Friday morning I was up early trying to net it out so I could file a story to my editor at Conferenza, Gary Bolles, who’s based in San Francisco. I last saw Gary at Demo ’07, and am looking forward to seeing him again in SF in mid-April at Walt Mossberg and Kara Swisher’s “D” Launch Party. Gary’s the cofounder of Conferenza, and the site’s URL is now http://conferenzablog.typepad.com. The link for my story is here.

Update: To include the specific Conferenza link for my ETech recap.

ETech Day 3: Building Products for ‘Generation C’?

Matt Webb is a user experience consultant with a firm in London who thinks up new products for our connected generation. He said we’re all paid-up members of “Generation C,” a term he uses because a lot of the attributes of this generation start with a “c” … like Communities, being Connected socially and electronically, and we’re Creative, Controlling, and we deal a lot with Complexity. Mattwebb Webb asked the question, “How do we design for this generation?” Though he’s a product designer himself, he went on to say later that Generation C is capable of building products of their own, being so into social networks and mashups and things — so one wonders then why we need product designers? But that’s just the pixel side of the equation. We still need people with design sense to help us sculpt things made out atoms — plastic or whatever. Products are getting smarter and more social, with all kinds of networking capabilities, of course. And we have “new paradigms for interaction,” said Webb. He cited widgets, for example, which he said is such a great paradigm, “it shouldn’t be limited to just the desktop and web.” A key point Webb made is that experience is what counts to this generation, and “how do we design for experience?” He said in his wrapup that experience should be “treated as a design surface,” and that all of us in the room are the right people to address these new design challenges. One nice thing the O’Reilly people pointed out to us in the description of this session was that “people have been paying for plastic longer than pixels.” So, the business model is there! 🙂 It should be an exciting future for product designers, whoever they may be.

ETech Day 2: The Core of Fun

“Fun is a chemical response. It comes from the same place as chocolate and orgasm,” said Raph Koster, game developer. According to one researcher he cited, there are four types of fun: hard, easy, visceral, and social. Games, he said, are mostly hard fun. Raph then moved into telling us how magic works. “It’s about structure,” he said. “It’s the same in nature, physics, and social media.” Another word for structure is grammar, he said. “All it means is how things fit together. It’s not a bad word.” He showed slides of the structure of blues music — and even sang us some blues — telling us songs are really made up of other songs, overlapping. And visual compositions are made up of spaces. Raphkoster Similarly, games are made up of games — lots of little ones are in any good game, he said. Building games is about good “interaction design.” Then he ran us through a quick lesson in designing for fun, or applying game design to, for example, social media applications. He said you should have statistical features and opportunities for competition. “Never start an interaction with no context,” he said. And the participant must be able to prepare for the next encounter. Users should be able to solve challenges with a choice of tools, he said. “Reward them with different feedback. Variable feedback keeps things lively. And it should be visible to everyone.” Raph closed by telling us to check out his book site for more: www.TheoryofFun.com.

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