Saturday 18 May 2013
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Startup Community Blog

This is a blog space of iStart Jax Members, Affiliates and Partners!

May 13-17: Updated SW Judging Criteria, Alumni Wins, Contests and More

Posted by MJ Charmani
MJ Charmani
StartupBus is coming to Jax http://istartjax.org/the-news/119-startupbus
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on Friday, 17 May 2013
in Entrepreneurship

This week at Startup Weekend: Contest opportunities, alumni updates and an infographic… plus, we’re hiring!  

Enter to pitch your startup at the ‘We Own It’ Summit in London this June! 

Astia and The Next Women are seeking the most promising high-growth women-led companies from around the world to present on stage at the We Own It Summit Global Pitch Competition in London on June 27th in front of an audience of preeminent venture capitalists and global investors at the summit. Compete for global visibility, a cash prize and unequaled promotion and networking opportunities. Sponsored by Technology Strategy Board along with Astia Angel, Gust and Startup Weekend.

The top 20 finalists will be invited to attend the summit, participate in discussion salons lead by prominent players in the funding and entrepreneurship space, and network with investors and industry experts. The top 5 will be invited to pitch at the summit. Deadline June 1st!

To learn more and to apply, click here.

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SW Team ‘Dropifi’ Tacks on Another Big Win: Acceptance into 500 Startups’ 6th Class

We’re excited to share that Dropifi, a smart widget that allows companies to better analyze incoming “contact us” messages, is amongst the sixth batch of companies to join the 500 Startups Accelerator Program.

“Being the first African startup to join a leading U.S. accelerator validates our idea and serves as a springboard for us to take giant leaps into helping businesses better interact with customers,” adds Osei. “We also see it as an inspiration for young African entrepreneurs and a signpost that, Africa is geared up to be the next economic frontier.”

Check out the infographic that shows the Dropify journey and read more about their acceptance into 500 Startups in Tech Crunch here.

Startup Weekend Announces Updated Judging Criteria for Events

We’ve recently updated our event judging criteria in an effort to be more balanced and highlight the technical, non-tech, and design aspects that are critical to a successful, dynamic team.  Judging criteria will now include four sections: Business Model, Customer Validation, Technical – Execution, and Design – Execution. After testing the new criteria out at several events this year, we’re confident it will boost the overall impact of events and help to better guide teams as they consider the different areas they should be focusing on in the hectic 54-hour time frame.

You can read more about the updated four-part criteria here.

 

We’re Hiring! Join the Startup Weekend family.  We’re currently hiring for a world-class Lead Designer and Web Developer. Want to apply or let someone else know about the opportunity? Please visit our jobs page. 

Original author: Claire Topalian
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Startup Weekend Team Dropifi Is First African Startup Accepted Into ’500 Startups’

Posted by MJ Charmani
MJ Charmani
StartupBus is coming to Jax http://istartjax.org/the-news/119-startupbus
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on Thursday, 16 May 2013
in Entrepreneurship

Startup Weekend is excited to share that Dropifi, a smart widget that allows companies to better analyze incoming “contact us” messages, is amongst the sixth batch of companies to join the 500 Startups Accelerator Program. Dropifi seeks to clear out the era of long and scary website “contact us” forms that deny businesses of valuable feedback and leads, but will still deliver business critical insights and a spam-free customer engagement.

Founded in November 2011,  Dropifi joined the 500 Startups program in April 2013. Since 2011, Dropifi, a graduate of the Meltwater Entrepreneurial School of Technology program, have been making waves in Ghana, as well as internationally. Most recently, Dropifi won the Global Start Up Open competition where they were chosen out of  50 international start ups to win the Kauffman Foundation backed award. They were flown to Rio de Janeiro in March to attend the Global Entrepreneurship Congress (GEC) and collect this award.

While in Rio for the annual Startup Weekend SO Summit, Dropifi pitched to Dave McClure, founder of 500 Startups, and shortly after received an invitation to join the accelerator program.

“Dropifi is the first African investment for 500 Startups,” McClure said. “Very few seed investors in Silicon Valley will put money into markets as early as Africa, but we think talent exists in every corner of the globe. Dropifi has a killer team and a promising product with global reach. The fact that they hail from Ghana makes it even cooler.”

Using the Dropifi contact widget, companies filter out spam through proprietary anti-spam technology, see incoming message trending data in relation to industry metrics, the demographic and social media profiles of the sender, analyze the real emotions behind the messages, and easily integrate with their existing CRMs, e-commerce, and blogging platforms.

“ With this tool, companies generate more business leads, make better business decisions, offer a more personalized and better customer service experience, save time, increase productivity and boost their ROI,” comments David Osei, Founder and CEO of Dropifi.

Since launching on WordPress and Shopify in late 2012, there have been over 8,000 downloads on WordPress; over 900 Shopify stores are using the Dropifi widget to collect and analyze their incoming messages and leads.

Rodney Hashaway CEO of  Go Go Shack, an e-commerce store reviewed Dropifi and said,“Great app! EASY install! Customize contact tab to match your store’s colors. Clean and professional look. No html need just click install and customize. I’m satisfied”

Dropifi is in San Francisco for four months: they will be spending three months at 500 Start Ups headquarters in Mountain View and one month taking part in the program’s Demo Days and final investor meetings.

“Being the first African startup to join a leading U.S. accelerator validates our idea and serves as a springboard for us to take giant leaps into helping businesses better interact with customers,” adds Osei. “We also see it as an inspiration for young African entrepreneurs and a signpost that, Africa is geared up to be the next economic frontier.”

Read more about Dropifi’s admittance into 500 Startups in TechCrunch.

Dropify-InfoGraphic-2012-Meltwater_d3-01-01

About Dropifi

Dropifi provides a replacement for “contact us” buttons with a smart widget which allows companies to better analyze incoming messages, discover their contacts, and re-channel messages to the right persons in their organizations based on business rules they set. Dropifi was founded in November 11 and are alumni of the Meltwater Entrepreneurial School of Technology (MEST) Program in Accra, Ghana. Dropifi is currently backed by The Meltwater Foundation and 500 Start Ups.

About 500 Startups

500 Startups is an early-stage seed fund and incubator program located in Mountain View, CA. They invest primarily in consumer & SMB internet startups, and related web infrastructure services. Their initial investment size is typically $25K-$250K.

Selected areas of interest include financial services & e-commerce, search/social/mobile platforms, personal & business productivity, education & language, family & healthcare and web infrastructure.

 

 

 

 

 

 

 

 

 

 

 

 

 

Original author: Claire Topalian
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Startup PR Tip: To Get Press, Don't Pitch Your Product

Posted by MJ Charmani
MJ Charmani
StartupBus is coming to Jax http://istartjax.org/the-news/119-startupbus
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on Thursday, 16 May 2013
in Entrepreneurship

I get pitches every day from entrepreneurs, PR agencies and book authors who hope to get an article about them written on my blog, OnStartups (300,000 readers) — or on HubSpot's marketing blog(over 1.5 million visits a month).

It's sad that most of those pitches fall flat and are likely to be completely ignored. A waste of time and money for everyone.product pitch small

For example, here’s a pitch from a PR professional. I’ve changed it slightly to avoid embarrassing anyone:

“I’m working with a wonderful new business… The owners grew up together and decided to go into business… it’s a story I’m sure your readers will care a lot about!”

Uh, no. I don’t really care about their story. No one else probably will either — except maybe their moms.

Don’t get me wrong. I’m sure the entrepreneurs are great people, but many entrepreneurs can tell a tale of struggle and euphoria and heartbreak and someday, against all odds, turning their dreams into reality and making their business a success. While occasionally we might be inspired or motivated, for the most part we’re just not that interested in other people’s stories. Unless those stories are particularly remarkable we're more apt to just keep living our own dreams and writing our own stories. So, the things we're interested in is not other people's stories, but information that helps us write our own.

So what should you do if you’re trying to spread the word about new products and services, landing new customers, bringing investors onboard… all the stuff you hire PR agencies to do for you or, more likely, try to do on your own?

If you’re looking for press, forget the formulaic, cookbook approach to crafting a winning media pitch. That approach may result in coverage in a few outlets… but not the ones you really want.

Quick rule of thumb: Any media outlet that will do a story based on a crappy pitch is a media outlet that will get you crappy exposure.

Let’s pretend you’re thinking about pitching me. (You can apply the following to any media outlet or blog, though.)

Here’s what to do and not to do:

Don’t tell me your story is unique.

No offense, but it really isn’t. There are thousands of Ramen noodle stories. There are thousands of 3 am “Eureka!” stories. There are thousands of maxed-out credit cards, relatives won’t return your calls, last-minute financing savior stories.

Your story is deservedly fascinating to you because you lived it, but to the average reader your story sounds a lot like every other entrepreneur’s story. Claiming your story is unique creates an expectation that, if not met, negatively impacts the rest of your pitch.

And if your story truly is unique, I’ll know. You won’t have to tell me.

Don’t tell me how much a little publicity will help you.

Never waste time by explaining how this could be a win-win relationship or, worse, by claiming you want to share your wisdom because you simply want to help others.

I know you want publicity, and I know why. I get it. We’re cool.

Know what I’ve done recently.

It’s easy to think, “Hey, he recently wrote about choosing a co-founder, so I should pitch a story about how I help people find co-founders”

Um, probably not. If just wrote about co-founders. I’m probably good for a little bit on that topic. Never assume one article indicates an abiding fascination with a particular topic.

But do feel free to pitch if you aren’t a member of the choir I just preached to. Different points of view catch my attention; same thing, different day does not.

Know my interests.

You certainly don’t need to know I enjoy late-night walks on the beach. (Hey, who doesn’t?) But skim a few posts and you’ll know I have a soft spot for company culture, startup fundingand startup marketing

So if you really want to get my attention, don’t use the tried-but-in-no-way-true “mention you really enjoyed something recent the writer wrote” approach.

Instead put your effort into finding an angle that may appeal to my interests. If you can’t be bothered to do that you’ll never get the publicity you want.

Forget a profile piece.

Straight profile pieces that tell the story of a business are boring. (At least I think so, which is why I don't post those)

The best articles let readers learn from your experience, your mistakes, and your knowledge. Always focus on benefiting readers: When you do, your company gets to bask in the reflected PR glow.

So, I don’t want to know what you do; I want to know what you know. If you started a company, share five things you learned about landing financing. If you developed a product, share four mistakes you made early on. If you entered a new market, share three strategies you used to steal market share from competitors.

And while you may think the “5 steps to” or “4 ways to” approach is overdone, keep in mind readers love them… and even if I decide not to frame the story that way, developing mental bullet points ahead of time is a great way to organize your information (which helps me) and ensure you have great talking points (which definitely helps you.)

Realize that the more you feel you need to say… the less you really have to say.

Some people think bloggers are lazy and look for stories that write themselves. I can’t argue with the lazy part, but I really don’t want to read a 1,000-word pitch with a comprehensive overview of the topic and a list of semi-relevant statistics. The best products can be described in a few sentences, and so can the best pitches:

So now let’s get specific. Pretend you’re crafting your pitch:

Remember: forget what you want.

Many people think, “Wow, it would be awesome if OnStartups.com ran a story about our new product—think of the exposure! So many VCs would read it! We're looking for funding!"

Maybe so, but unless you focus on how readers can benefit from the story (learning about your new product isn’t a benefit to readers), that’s not going to happen.

Then, think about what I want.

I want to inform and occasionally – hopefully – entertain readers; the more you can help me accomplish that goal, the more interested I am in what you have to say.

Then craft your pitch with publicity as a secondary goal.

In the example above, the PR pro didn’t offer readers anything. His only focus was on getting publicity to benefit his clients.

Flip it around and focus solely on how you can benefit readers. When you do, your company will benefit by extension.

For example, if you want to spread the word about:

· New products or services: Share four lessons learned during the product development process; describe three ways you listened to customers and determined how to better meet their needs; explain the steps involved in manufacturing products overseas, especially including what you did wrong.

· Landing a major customer: Describe how you changed your sales process to allow you to compete with heavy hitters in your industry; share three stories about major sales that got away and what you learned from failing to reel them in; detail the steps you took to quickly ramp up capacity while ensuring current customers needs were still met.

· Bringing in key investors: Explain how you helped investors embrace your vision for the company; describe four key provisions that create the foundation for a solid partnership agreement; share the stories of three pitches to VCs that went horribly wrong and how those experiences helped you shape a winning pitch.

Sound like a lot of work? It is, but it’s worth it. When you offer to help people solve problems and learn from your mistakes, bloggers and writers will be a lot more interested.

More importantly, readers will be more interested in the news you want to share because first you helped them—and that gives them a great reason to be interested in your business.

Looking for other startup fanatics?  Request access to the OnStartups LinkedIn Group.  130,000+ members and growing daily.

Oh, and by the way, you should follow me on twitter: @dharmesh.


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New Kid On The Block? How We Won Startup Weekend

Posted by MJ Charmani
MJ Charmani
StartupBus is coming to Jax http://istartjax.org/the-news/119-startupbus
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on Wednesday, 15 May 2013
in Entrepreneurship

The following is a guest post by Alyssa Mompoint, one of the founders of BeforeWeDo, a service that provides discreet and regular HIV testing to your doorstep. 

Ever been that new kid on the block? I have.

Alyssa

On a whim, I joined Startup Weekend Bay Area. I did not know what to expect. I didn’t know what I was getting myself into and I didn’t think I would win. But I did. Now, I’m not a programmer.  I’m not a web designer.  I’m not that business savvy.  Turns out, you don’t have to be.  All you need is the right team who shares your vision (or one that thinks your idea is cool enough to eat and breathe for the next 54 hours). Be ready to lead and be led, be open-minded, and hustle. If you are, well, then I’m confident your idea can win Startup Weekend as a first timer, just like Tester.ly (now BeforeWeDo) did.

Without further ado, here’s what you need to know to win over crowd, the judges and the entire weekend:

1. It’s All in the Pitch. Pick an idea you know, that’s clear, and relatable. The idea I came with was In – Home STD Test Subscriptions. No one likes to talking about STDs (which is a problem in it of itself). It’s not fun. It’s not that cool. So, how do you take an idea that by nature is uncomfortable and get people to pay attention? Make it personal. I started with “Sex is Amazing.” (Mostly because it is and I knew everyone, if not all, have experienced it). When I sat down, the person next to me whispered in my ear,”That was the most exciting pitch yet.”

Case in point, your pitch MUST catch the attention of the audience. So, be bold and unique. It is also very important that you practice it BEFORE you pitch at least 10 times to yourself and to someone else. This will ensure that you deliver your pitch with as much ease and confidence as possible. Keep in mind, there could easily be 30+ pitches that night (this event had 37) so be sure yours is the one that sticks.

2. Pimpin’ Ain’t Easy. If you have zero sales experience (I surely did), now is your chance to get it. Here’s the deal–you’ll find some people who are on the fence between putting a post-it on your idea or someone else’s. (Only the top 20 ideas are allowed to create a team). So, you better become a self-proclaimed PR agent to promote and sell your idea as best as you can. It’ll be up to you to convince those indecisive ones which team to join. Know there’s an unfair ratio of business people to developers to designers so it’s imperative that you walk around the room to ask who hasn’t voted yet or joined a team yet and if not, why? (in this case, having the actual HIV In-Home test came in handy because instead of explaining how it works, I just showed it. So, if you’re idea has an actual product that goes along with it, bring it!). If you just stand by your poster there is a huge chance that you’ll be overlooked, miss out on votes, and miss out on attracting key team members. You’ll need at least one programmer, designer, and business/marketing person to have a well rounded team. Get to pimpin’.

3. Map Out A Plan First. Develop some type of backlog whether it be by way of an online tool, like Trello, or a white poster paper with markers. We used Trello because it was user friendly, simple, and more importantly it allowed us to visually see who was assigned what, what was currently being worked on, and what was completed. In fact, we also used a white sheet of paper to list the tasks and deadlines to ensure that we stayed as efficient as possible. (Remember you only have 54 hours). Sidenote: Might I suggest you list and assign tasks Friday night? That way, first thing Saturday morning you’re able to get right to work.

4. Focus and Pivot as Needed, Please. You’re going to be very tempted to want to include all the bells and whistles for your product/service or even attempt to roll out marketing strategies. While they may prove to be critical if you pursue your idea beyond the weekend, they might not be a priority for the Sunday presentation. Think about if your product/service is actually solving the problem. Be Honest. For us, the numbers on both a customer side and business profit side signaled for us to pivot to just an In-Home HIV test subscription plan (originally, I wanted to include In-Home gonorrhea and chlamydia tests in the plan package). Why? It was just more focused that way. Disclaimer: You are being judged on execution, the business model, and customer validation. You have 54 hours. Focus, focus, focus. Oh and did I mention focus?

AIDS

Photo Credit Gustavo da Cunha Pimenta

5. Go Ahead and Flirt A Little. There are coaches there to help you, seriously. Find and schmooze with one. If you’re lucky they may even align with your vision and have a personal interest in your idea. They can give you valuable feedback, save you some time and energy on developing something you really don’t need, and give you an idea that you yourself may not have even thought of. Cheers to John Beadle, your input was invaluable.

6. Use the Crowd Wisely. One of the three main things you are judged on is customer validation a.k.a do people actually want to use your product/service? There a few ways to achieve this either through online surveys, launching a google Adwords campaign (unless you have some high rollers on your team, I wouldn’t suggest it because it’s very expensive and again you only have 54 hours) social shares using facebook or twitter, or more importantly the number of “sign ups” or product sales (nothing beats this) you have by Sunday at 5pm. While we used some of these, you have a room of at least 50+ people. Use them.

This is how I worked it in. When 2 female mentors and 1 female StartUp Weekend volunteer came around and asked if we had any questions. I responded by saying, “Yes, in fact, would you be willing to be interviewed about your STD testing experience?” (I prefaced it by saying let me know if you’re not comfortable sharing to avoid offending anyone). Why? Because their sole purpose of being there is to help and women tend to be more open about this topic than men. I then asked one of the females who I interviewed if she would be willing to go around the room for me and ask if anyone else would be willing to share their experience. Not only did this save me recruiting time but she was able to assure them it’s not as uncomfortable and awkward as they may have originally thought. After all, she had already done it! Think of it this way, it was an easy way to create a little crowd buy-in, make it personal, and we even quoted some in our final pitch.

7. Visualize Your Presentation. Literally. No one likes reading slides. No one likes lots of words. Most of us have the attention span of a gnat. Use visuals for your powerpoint presentation but use them strategically so that you not only paint the picture that there is problem but effectively communicate to the crowd that your product is the solution to the problem.

8. Perfect Practice Makes Perfect. We turned Guy Kawasaki’s 10/20/30 Rule into 5/5/30 to keep the final pitch engaging and focused. Learn it. Use it. Love it. More importantly, saddle down a coach to listen to your final pitch to make sure you’re hitting the points they’re looking. For your final pitch, present it in such a way that you tell a story and create a sense of urgency to engage the audience. Make it clear that there’s a market for your product/service, show that people want to use it, that your idea is better, and oh yea that it can make money.  Now, practice it a hundred times. (or as much as time will allow).

One last thought: Drink the beer. Don’t take yourself too seriously. And have fun.  

What have you learned from Startup Weekend?

Megan Mokri, Napoleon ValdezDerek WardManny FernandezAlyssa MompointMax Olson

Special thanks to the team, we won this together!

 

 

 

Original author: Claire Topalian
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Entrepreneurs: Enter to Pitch at the We Own It Summit in June!

Posted by MJ Charmani
MJ Charmani
StartupBus is coming to Jax http://istartjax.org/the-news/119-startupbus
User is currently offline
on Wednesday, 15 May 2013
in Entrepreneurship

Filed under: Main Feed

Astia and The Next Women are seeking the most promising high-growth women-led companies from around the world to present on stage at the We Own It Summit Global Pitch Competition in London on June 27th in front of an audience of preeminent venture capitalists and global investors at the summit. Compete for global visibility, a cash prize and unequaled promotion and networking opportunities. Sponsored by Technology Strategy Board along with Astia Angel, Gust and Startup Weekend.

The top 20 finalists will be invited to attend the summit, participate in discussion salons lead by prominent players in the funding and entrepreneurship space, and network with investors and industry experts. The top 5 will be invited to pitch at the summit. Deadline June 1st!

To learn more and to apply, click here.

Qualification Criteria:

An innovative product or offering in a high-growth sector such as Technology, Life Science, Clean Tech, or, in certain circumstances, high-growth Consumer products or services A high-growth investment opportunity – at any stage of growth An exceptional team, product, and business strategy A significant global market opportunity with initial customer traction or feedback A defendable competitive advantage At least one woman in a leadership role (at C level) or in significant position of equity or influence

Click here to see videos about the Global Pitch Competition from The Next Women CEO Simone Brummelhuis, Catherine Berman of Astia, and more.

 

More about the We Own It Summit: 

The We Own It Summit convenes visionaries, thought-leaders, idea generators, game-changers and disrupters to identify paths of success for women high-growth entrepreneurs: from women’s access to capital, to women’s participation on boards, to the full participation of women as investors. The summit is open to men and women, entrepreneurs, investors, academics, policy-makers and will take place on June 27th and 28th in London.

Register at: www.weownitsummit.org

The two day event includes salon-style discussions leading to actionable plans to make 2010 – 2020 the decade of the woman entrepreneur. Keynotes and panels of exceptional risk takers draw the larger funding and entrepreneurial eco-system into the conversation. A Global Pitch Competition highlights the most promising women-led high-growth companies, while the Awards Dinner celebrates great achievements in venture capital investment in women-led companies. The 2013 We Own It Summit boasts an exceptional opportunity to connect with investors, entrepreneurs, and industry luminaries such as Helena Morrissey, Ruth Owades, Nicola Horlick, and many more. Full summit passes as well as a la carte tickets available. To learn more visit: www.weownitsummit.org

 

Original author: Claire Topalian
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Introducing Startup Weekend’s Updated Judging Criteria!

Posted by MJ Charmani
MJ Charmani
StartupBus is coming to Jax http://istartjax.org/the-news/119-startupbus
User is currently offline
on Tuesday, 14 May 2013
in Entrepreneurship

Filed under: Main Feed

At Startup Weekend, we’re proud of the success that we’ve seen from our existing event model, but we also strive to find areas of improvement — and we always seek the direction and feedback of our community when we implement any changes. In order to keep the lines of communication open and address the needs of everyone involved in making our events a success, we’d like to invite you to take a look at our new judging criteria and send your thoughts our way.

One of our primary goals is to ensure that we not only draw a dynamic range of participants  (Developers, Designers, and Business), but also to make sure that they are supported and encouraged throughout the weekend, regardless of their skill set or background.  We believe that a more balanced judging criteria will also highlight the technical, non-tech, and design aspects that are critical to a successful, dynamic team.  After testing the new criteria out at several events this year, we’re confident it will boost the overall impact of events and help to better guide teams as they consider the different areas they should be focusing on in the hectic 54-hour time frame.

The new criteria is split into four parts:

Business Model
Can this idea make money? Is there positive customer growth or revenue? Is there a customer acquisition / rollout strategy? Has a revenue model been defined and is it realistic? Is the idea/team ready for capital and execution? Would you invest in this company at this point? Customer Validation
Did the team identify customers (demographic, location etc)? Did the team get out and talk to customers? What is the value proposition to customers? What channels of communication are used? Product/Market fit? Technical – Execution
Is there a functional product (e.g.in the case of an app, did they build one)? Were architecture diagrams and API signatures included? Which services did they integrate with? How much of the product is running on a real server with non-sample data? Design – Execution
Does it have a professional look and feel? Does it deliver a compelling and captivating user experience? Is it memorable? What key insights were gathered over the weekend to go in this creative direction?

As always, we welcome your feedback. Please feel free to leave us a comment or email us at This email address is being protected from spambots. You need JavaScript enabled to view it. with any feedback, questions, or concerns.

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Original author: ninette
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Keys For Founders: Tweetable Knowledge Nuggets About Customer Development

Posted by MJ Charmani
MJ Charmani
StartupBus is coming to Jax http://istartjax.org/the-news/119-startupbus
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on Monday, 13 May 2013
in Entrepreneurship

Filed under: Main Feed

Anderson: “Hone in on passionate niches of early adopters.” Tweet2

Conley: “Start small to catch mistakes fast and save money.” Tweet2

Free: “The only way to test the market is to actually test the market.” Tweet2

Gansky: “Set aside time to fully understand your business before launch.” Tweet2

Gittins: “Look for three assumptions to validate.” Tweet2

Green: “For cause-based organizations, motivate people by creating relationships with them and leading
by example.” Tweet2

Hoffman: “To get a head start, launch an idea before it sounds like an obvious solution.” Tweet2

Massoumi: “Start by understanding your end user.” Tweet2

Ressi: “Put as little money into an early company as possible, until you’re sure it can survive on its own.” Tweet2

Stewart: “Look for data to make predictions, then listen to feedback from the customer.” Tweet2

Jay Walker, founder of Walker Digital and Priceline: “Don’t only talk to people who are your target
customers, but other people, too – they may have unique insights.” Tweet2

 

Jay-Walker

Original author: ninette
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Biking Billboards: A Mother-Son Business

Posted by MJ Charmani
MJ Charmani
StartupBus is coming to Jax http://istartjax.org/the-news/119-startupbus
User is currently offline
on Sunday, 12 May 2013
in Entrepreneurship

The following is a guest post from Startup Weekend Organizer and Associate Jace Liberman. Jace and his mother, Andrea Liberman, co-founded Biking Billboards together.

In August of 2010, I started my first company as a junior in high school, called Biking Billboards. As a 16-year old kid, I didn’t really know what I was doing, but I knew I saw an opportunity, and I wanted to make something of it. Three years later, Biking Billboards is a major player in the advertising market in Seattle, and our reach extends to Portland, Park City and Austin. This experiment that interested me in 2010 was made a reality because of 2 things: myself, and my mother Andrea.

Biking Billboards started because my mom, Andrea Lieberman, needed to advertise for The Verdeaux, a condominium unit in the area, and was having trouble accessing her target market. One day, while driving by a local concert series, my mom rolled down her window and almost yelled, “Check out the Verdeaux Condos!” Of course my mother yelling from her car about these condos didn’t seem to be the most effective way to get the attention of these people. Our efforts to hire pedi-cab drivers to advertise hadn’t worked, so I proposed my own services. I built an A-frame sign out of plywood, cut apart our old Burley trailer, and mounted my homemade creation, complete with Verdeaux posters on either side.

What happened next was what inspired the start of our company. As I towed my makeshift design down the street, people commented and exclaimed how cool of a technique this bicycle advertising was. I must have gotten 15 people asking me how they could advertise on the back of my bike. We formed an LLC, and Biking Billboards was born.

Working on a company with my mother has been an interesting experience. Initially, I was afraid that the mother-son dynamic would take away from the legitimacy of our mission, but that proved to be the opposite: people were intrigued by what we were doing, and the family business turned out to be a talking point with new clients.

As we continued growing, Andrea and I shared the selling process and I recruited my friends to ride with me, even through Seattle’s cold winter months (which consists of 65% of the year). During this time, we developed our secret sauce: the Brand Ambassador. Our riders were a human extension of our clients; we could be their brand and directly interact with their customers. Through this process of discovery, we were able to solidify our own brand, and grow more effectively as a company. As I moved into my senior year and college applications, my mom took a firmer grasp of the reigns and kept the momentum and energy behind the company, allowing me to focus.

This past year I’ve had the opportunity to take a gap year before attending university. I spent the fall working at TechStars Seattle, a local tech accelerator program, then moved onto Startup Weekend when the TechStars session wrapped up. I’ve gotten to live, learn, watch, and even help instruct some of the startups I’ve been around. I’ve seen over a hundred of companies start, dozens of companies fail, and several succeed big time (relatively). This experience has given me some perspective that I’m able to bring back to Biking Billboards, and implement some of what I’ve seen into our growth strategy.

Startup Weekend’s mission is to democratize entrepreneurship, by making the process, the tools and resources, and the network abundantly available in every community. I’ve been so inspired by this movement that I brought my mom to an event last fall, where she got to go through the motions of starting a company again, but with a new context, a new team, and a new idea. While working in one place, you can get caught up in details that can limit your view of the larger goal. At a Startup Weekend, even serial entrepreneurs with a lot of experience can learn and benefit from a new start.

Starting a company is an exciting venture that really ANYONE can do. It takes a team: people who work well together, an idea: something that has market validation, and a common motivation to make it happen. I’m proud to have started a company with my mom, who continues to push it forward and include me in the process. Happy Mothers’ Day!

 

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May 6-10 Encouraging Female Entrepreneurs, Contests, And More

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This week at Startup Weekend, we have thought leadership about our first 100% women Startup Weekend event and some contest opportunities to share.

Encouraging Female Entrepreneurs: One Event’s Unique Approach– Huffington Post

On April 18-20, Startup Weekend held its first 100% women Startup Weekend event with all women participants, coaches, organizers, and facilitators. In the Huffington Post, facilitator  Marion Desmazières  discusses some of the issues the team explored while preparing the event: was segregation the right move and would women be drawn to it? She also writes of the results and impact the event had on the women. To read more, click on this link for the article. 

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Competitions for Startup Entrepreneurs:

This week, we tweeted about a number of upcoming competitions and events that are excellent opportunities for entrepreneurs:

We Own It Summit, London, UK: A summit of leaders to explore women’s participation in high-growth businesses and identify solutions to move us forward. Event takes place from June 27th to 28th.

White House Champions of Change, Washington D.C.: Now taking applications for outstanding immigrant inventors and entrepreneurs to be honored at the White House. Nomination deadline: May 12th,

SXSW 2013 V2Venture, Las Vegas, NV: Two-day pitch event helping participants polish their elevator pitches, build brand awareness, and receive media exposire. Application deadline: May 31st. Event takes place from April 13th to 14th.

We’re Hiring:

Startup Weekend is currently hiring for a world-class Lead Designer and Web Developer. Want to apply or let someone else know about the opportunity? Please visit us on our jobs page.

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SXSW 2013 V2Venture Now Accepting Applications

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SXSW is excited to announce its 2013 V2Venture pitch event showcasing emerging technology products and services.

The two-day SXSW V2Venture pitch event takes place August 13 and 14 at The Cosmopolitan in Las Vegas, NV. As a part of the event, participants work on improving their product launch, attracting venture capitalists, and polishing their elevator pitch. At the event, participants will receive media exposure, build brand awareness, network, socialize, and experience all that SXSW V2V has to offer.

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All SXSW V2Venture 2013 applications must fall within one of the following categories:

Education Technologies

The Education Technology category highlights applications and technologies designed to make all forms of education more accessible to a wider range of people, and bring students and teachers closer together.

Health Technologies

The Health Technologies category focuses on patient-centric health applications and technologies that connect patients, families, physicians, pharmacists, care providers (hospitals, clinics), and benefit providers to share timely, relevant health data, and drive better outcomes at affordable and sustainable cost levels.

Mobile and Tablet Technologies

The Mobile and Tablet Technologies category encompasses mobile applications and technologies which allow users to connect by portable devices such as tablets, phones, and other connected devices.

Culture and Entertainment Technologies

The Culture and Entertainment category includes applications and technologies for music, gaming, film, television, and digital storytelling, as well as new and hybrid forms of entertainment that are reinventing the ways in which we relax, unwind, and have fun. This category could also contain technologies that focus on other cultural sectors, such as sports, fashion and food, as they pertain to entertainment.

Innovative World Technologies

The Innovative World Technologies category includes applications and technologies that have the ambition to change the world as we know it. Right now we’re seeing lots of innovation in green tech, real-time search, augmented reality, the World Wide Web, artificial intelligence and the Semantic Web, recommendations technologies, personalization technologies, and “big data”.

The deadline to register is Friday, May 31st. Visit the V2Venture website to find out more and apply today!

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The Pitch Deck We Used To Raise $500,000 For Our Startup

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buffer-seed-round-deck.003One of the big no-no’s we’ve learnt about early on in Silicon Valley is to publicly share the pitchdeck you’ve used to raise money. At least, not before you’ve been acquired or failed or in any other way been removed from stage. That’s a real shame, we thought. Sharing the actual slidedeck we used (and one, that’s not 10 years old) is by far one of the most useful things for others to learn from. In fact, both Joel and I have privately shared the deck with fledging founders to help them with their fundraising. On top of that, our case study is hopefully uniquely insightful for lots of people. Here is why: Half a million is not a crazy amount: It’s therefore hopefully an example that helps the widest range of founders trying to raise money. Both Joel and myself are first-timers: We couldn’t just throw big names onto a slideshow and ride with it. We had to test and change the flow and deck a lot.

Ratio thinking

One of the most important elements, that we had to learn during our fundraising process was the concept of “Ratio thinking”. Jim Rohn, the famous motivational speaker, probably explained it best: “If you do something often enough, you’ll get a ratio of results. Anyone can create this ratio.” It sounded simple enough as a concept to us, but man, this was one of the toughest things to learn. Here is how Joel described it in a recent article on ratio thinking: “The law of averages really comes into play with raising investment. Overall, we probably attempted to get in contact with somewhere around 200 investors. Of those, we perhaps had meetings with about 50. In the end, we closed a $450k seed round from 18 investors. Perhaps the most important part of our success in closing that round was that Leo and I would sit down in coffee shops together and encourage each other to keep pushing forward, to send that next email asking for an intro or a meeting. In many ways, the law of averages is the perfect argument that persistence is a crucial trait of a founder.” I believe that this is in fact one of the most valuable things to know up front. It requires a huge volume of work and meetings.

How to read this deck: It builds up to one key slide – Traction

If you go through the deck, you will quickly realize that the one key slide was the traction slide. We quickly realized that as first time founders, this was probably our only way to raise any money: By focusing everything on the traction slide. Here is how Joel describes this in his article on raising money as a first-time founder: “So my advice for first time founders who want to raise funding is almost always to put that thought aside until you have good traction. Instead, focus completely on traction. Focus on product/market fit. When you have good traction, it becomes much easier to raise funding.”  

Avoid confusion: Our second most important slide – competition

Another thing we quickly realized when raising money was this. Although investors were very interested in talking to us, especially because of our early traction, talks then stalled. Why? The social media space seems very crowded. From the outside, it looks like there are dozens and dozens of apps all doing the same thing. On the inside, you however quickly realize that there really aren’t that many options.

The question was almost always timed at the exact moment in each meeting: “So, aren’t there lots of other apps doing the same?” And we explained to them about the TweetDecks and Seesmics and that Buffer is different and so forth. That never worked. So after lots of meetings, we realized that the competition question (in our case) created the most friction and eventually left people too confused and not interested any more. We took some time aside and made this slide as easy to understand as possible and explain Buffers positioning without creating all the friction: buffer-seed-round-deck.011 

The slidedeck

Without any further explanation, here it is:

A note on transparency

With Buffer, our goal is to take our ideas of transparency for our company to a whole new level. That’s why it was very important for us to make this slide deck public. This slide deck is far from perfect. As previously mentioned, it probably falls into the average category. But it was what at the end of the day helped us raise the funds to turn Buffer into the company it is today. So it’s hopefully a real-world case study that clearly shows what is important and what might not be so helpful for investors to know about. We want to continue publishing our ideas and thoughts about topics that get rarely talked about. Joel and I will be around to answer any further questions you might have on our fundraising process. Please post anything you have in mind in the comments below.

This is a guest post by Leo Widrich (@leowid), co-founder of Buffer.  Note: I'm an angel investor in Buffer and my company HubSpot has a little bit of overlap in functionality in our Social Inbox product.


Looking for other startup fanatics?  Request access to the OnStartups LinkedIn Group.  130,000+ members and growing daily.

Oh, and by the way, you should follow me on twitter: @dharmesh.


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Journey To The First Startup Weekend Assiut

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The following is a guest post from Fatma Muhammad Ali, the lead organizer of the first Startup Weekend Assiut in March 2013.

The story started at a time I was so far from entrepreneurship community (July 2012). All I knew about it was its definition.

Many obstacles were facing this event starting from finding the right organizer team, to finding sponsors who hold the development of Upper Egypt on their interest list. Also, the culture of Upper Egypt itself was an obstacle, which I ‘m glad to contribute in affecting positively. I’ve done this by spreading the concept of entrepreneurship, tech startups, and attending such events cultures. It was also a challenge to encourage hesitant firms to invest in Upper Egypt and encourage reluctant participants who couldn’t yet see the investment nor could see themselves as entrepreneur.

I had to think out of the box! I was learning any thing I could get my hands on could help with organizing the event whilst I was searching for other passionate volunteers to form my main organizers team. As for event sponsorship, the budget was reduced to be as lean as possible and most of sponsorships were made as contributions rather than cash.

But still the participants outreach was the main problem. Because of the unique culture of UE, social media did not have that effect we could depend on. Old fashioned, direct marketing was still preferable. That doesn’t mean that people in UE don’t react with social media but for some reason, their reaction with social media doesn’t express their real reaction and doesn’t have the same impact on marketing as in cosmopolitan cities.

Startup Weekend Assiut was the first event of its kind in the whole region.That’s why I was keen on bringing this chance to people who really deserve it.

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Again, I had to think out of the box. This event’s target was and will remain entrepreneurs in UE with all their religious, ethnic, political, and age preferences. So the direct marketing campaign went to them in their territories targeting universities, schools, churches, mosques, and even local associations.

I’ve gained much experience, learned so many lessons: believe in yourself to allow others to believe in you, nothing is impossible and it’s never too late.

This is an ode to the unexpected great success of the event and I hope the next event will be as successful!

swassiut3

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Michael Stokes: The Story Of A Startup 20 Years In The Making

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Michael Stokes is President & CEO of Waveform Communication in Indianapolis, Indiana. He participated in Startup Weekend Bloomington in Indiana last May. Already a seasoned entrepreneur, Mike discovered a whole new side of creating a business during his 54 hours. He offered to share his journey that began nearly 20 years ago with us. 

A little over 20 years ago, I was working at a graduate level in cognitive psychology with a focus on the acoustic phonetic features of speech recognition.  During that time, I segmented over 15,000 waveform displays of speech productions and eventually recognized the visual patterns in those waveforms to identify vowels.  Although circumstances changed my academic career, I continued my work with waveforms and eventually presented for the first time the ability to identify vowels entirely from visual cues in waveform displays at an Acoustical Society of America conference in 1996.  Despite this success, the model for this process needed to be refined and developed into a working algorithm.  For the next 13 years, I worked as a programmer developing the computer skills needed to build a working automatic speech recognition algorithm while making the changes needed to achieve human performance with the acoustic model.  This work culminated in the publication of the Waveform Model of Vowel Perception and Production in 2009.

This was a major milestone, but I quickly realized this was not the finish line.  This was yet another step that quickly led to more steps including the establishment of Waveform Communication, LLC, having a professionally prepared commercialization report (through funding by the Indiana Economic Development Corporation), and being named one of the top 50 start-ups in the world in 2011 by the GEW 50 (established by the Kauffman Foundation).  Again, there was still more work to be done including filing a patent to protect the intellectual property, and there was still the goal of getting funding to make this a full time endeavor.  This is what led me to attending the Startup Weekend event in Bloomington, Indiana in May 2012.

As the research successes continued and the business became stronger, it was important to stay humble and acknowledge there was still more to learn.  There was still the need to sell the science and the enormous potential resulting from a working cognitive model.  I also needed experience and feedback from presenting the work especially to potential investors.  I went to Startup Weekend Bloomington to improve my pitch and presentation of the development, and emerge myself in the business model.  Since academia had pursued the questions the Waveform Model answers for over 60 years, the innovation and potential is evident.  The cognitive model now needed a business model.

It was abundantly clear I needed work on my presentation since I was a one man team.  I was not expecting the demonstration of my need to improve to be so blunt, and it would have been easy to not go back for Saturday and Sunday.  However, I went to learn and gain experience.  Reading a book simply won’t achieve the goal, and I would have missed the opportunity to talk with angels and learn what they look for in an investment.  Gaining that wealth of information made it easy to get past another humbling moment.

On Saturday, I began working on a team that was building an app to take orders and have them paid over a phone.  The innovation was to have the transactions be performed through speech recognition.  A demonstration was built over the weekend using SPHINX (open source freeware speech recognition).  My contribution to the project was showing how speech recognition at human performance levels would put our product ahead of any competitors.  Having an algorithm that achieves over 99 percent accuracy on data measurements demonstrated that the Waveform Model makes human performance accuracy feasible.

The final chapter to this is that in spite of my early presentation failure, I was one of two companies that found angel funding that weekend.  That led to a second angel, a lease grant from the city of Brownsburg, Indiana, and a training grant from Hendricks County Indiana.  Two interns are preparing to join Waveform Communication at the end of the school year, and the first developed application is expected to go to market by the end of the summer.  This all started because of the willingness to learn and participate, and being prepared when the opportunity presented itself.

It is difficult to condense over 20 years of patience and work into a few paragraphs, largely because it involves so many facets.  In the end, it is business that is championing the science and moving Waveform Model products into the markets.  This story is also an example of the innovation compensating for the poor presentation, and then the performance and inevitable impact on the market finished the sell.  My experience may not be as unique in the future if more entrepreneurs understand there are a number of progressive steps that must be taken to make a dream a reality.  Just because an idea may be life altering there is no guarantee it will be recognized, and events like Startup Weekend become an invaluable resource to those needing assistance in an area that is not necessarily their strength; business.  I will be forever grateful for the experience and opportunity that weekend in Bloomington brought to me.

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Keys For Founders: Tweetable Knowledge Nuggets About Idea Generation

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Chris Anderson, founder of Future Publishing and CEO of TED Talks: “Observe people’s real passions
to figure out what they want.” Tweet2

Charles Best, founder of DonorsChoose.org: “Don’t just scratch your own itch, but an itch you actually
care about.” Tweet2

Sara Blakely, founder of Spanx: “Cultivate a vision for your product by devoting time to thinking,
honing in on a clear goal (hers: get on the Oprah Winfrey Show), and solicit feedback not from family
but people who can help.“ Tweet2

Steve Blank, founder of Epiphany and author of The Startup Owner’s Manual: “Start with your core expertise (something you have business experience in), focus on an idea that truly excites you, and don’t dismiss entrepreneurship education.” Tweet2

steve

Rodney Brooks, founder of iRobot and Rethink Robotics: “Identify the intersection of your talents and
the ways you imagine the world being a better place. Also identify “megatrends” that will create major
new markets.” Tweet2

Jeff Bussgang, founder of Open Market, Upromise, and Flybridge Capital Partners: “Focus on customer
pains that are a high priority for them, and build a solution that has immediate and obvious benefit.” Tweet2

Marc Cenedella, founder of TheLadders: “Find the intersection of your abilities and your passion, and
do something nobody else can do.” Tweet2

Robin Chase, founder of Zipcar: “Take advantage of excess capacity (assets people have but don’t use
all the time), enable collaborative consumption, and figure out what you’re good at before finding a
market.” Tweet2

Chip Conley, founder of Joie de Vivre Hospitality: “Approach the market like an outsider unburdened by
assumptions or traditions.” Tweet2

Chris Dixon, founder of SiteAdvisor, Founder Collective, and Hunch: “Find founder/market fit, and fill
“whitespaces” (places where there is demand but no supply).” Tweet2

Caterina Fake, founder of Flickr and Hunch, chairman of Etsy: “Make something that people would use
every day.” Tweet2

Mitch Free, founder of MFG.com: “Ideas will find you, rather than the other way around.” Tweet2

Eileen Gittins, founder of Blurb: “Pick a market that is large, growing, and within your reach.” Tweet2

Joe Green, founder of Causes: “To decide between ideas, flesh them out first and then compare.” Tweet2

Scott Heiferman, founder of i-traffic, Fotolog, and Meetup: “Find an idea that you’re obsessed with; and
focus on things that are actually useful.” Tweet2

Reid Hoffman, founder of LinkedIn: “Pick the biggest idea you can handle; and pick ideas where you
can be ten times better than the competition.” Tweet2

Ben Horowitz, founder of Opsware: “Make something that’s ten times better than the competition’s.” Tweet2

Cyrus Massoumi, founder of ZocDoc: “Solve one of your users’ top problems, and focus on one area
and one sector.” Tweet2

Stephen and Heidi Messer, founders of LinkShare: “Find opportunities that other people don’t see.” Tweet2

Hosain Rahman, founder of Jawbone: “Focus on a full experience, and build products that make it
better; and focus on something customers care about.” Tweet2

Adeo Ressi, founder of TheFunded.com and The Founder Institute: “Start with multiple ideas and narrow
them down; find the intersection of your strengths and the world’s deficits.” Tweet2

Kevin Ryan, founder of AlleyCorp, CEO of Gilt Groupe: “Pick ideas that you can execute on, because
execution is more important; and pick ideas that you’re obsessed with.” Tweet2

Kirill Sheynkman, founder of Stanford Technology Group, Plumtree Software, and Elastra
Corporation, managing director of RTP Ventures: “Make something better or faster.” Tweet2

Jeff Stewart, founder of Mimeo, Urgent Career, and Lenddo: “Start with lots of ideas and pit them
against each other.” Tweet2

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April 29-May 3: Your Thoughts On Startups And Corporations And Other News

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This week at Startup Weekend, we had an ask of our community: to give us your feedback on the relationship between U.S. corporations and startups. We also have an update on Startup Weekend alumna Freakn’ Genius and thought leadership on education reform.

Are U.S. Corporations Supportive Of Startups? Weigh In On The Discussion.

Startup Weekend needs your input! We are compiling case studies and survey results about startups and their relationships with corporations.  Has your startup received support from a corporation (financial, mentorship, other)? Was your startup acquired by a corporation? Do you think corporations should be doing more for startups?

This is your chance to offer your unique perspective on these questions and more. Your feedback will become a critical part of a national study that highlights the corporations that are actively supporting entrepreneurship.  We need your input to balance the discussion and better incorporate the voice of the entrepreneur.

Your perspective will shed light on these relationships — on what is working and what needs to be done to better support startups.  Please take the quick survey here.

Freakn’ Genius Launches New Mobile App YAKiT

This Wednesday, Startup Weekend alumna Freakn’ Genius launched their newest mobile app YAKiT. The video texting app opened to excellent reviews in the Apple app store.

YAKiT allows users to bring photos to life in seconds by putting words into the mouth of anyone or anything. They create hilarious animated video-messages that deliver more satisfying and engaging conversations than texting or emojis. Congratulations to the Freakn’ Genius team!

Download YAKIT in the iTunes store herelearn more about Freakn’ Genius on their website or read our blog post here.

Creating a Legacy of Passion-Driven Education– Huffington Post

This week, Startup Weekend’s Culture Manager and Facilitator Demi Wetzel wrote about education reform and going beyond the classroom. Wetzel highlights the different areas beyond the classroom to support a passion-driven education: leveling the playing field with open-source tools, learning by doing in your own community, and building the curriculum of the future. To learn more, read this article here. 

Google For Entrepreneurs Teams Up with Startup Weekend’s NEXT

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On April 17, we announced Google for Entrepreneur’s newest partnership with NEXT, Startup Weekend’s 5-week long program based on Steve Blank’s Customer Discovery. Thanks to this new partnership, we are excited to use Google+ hangouts to train instructors, expand course offerings, and instruct entrepreneurs on how to launch their business. Find out when the NEXT program is near you is and register today. 

 We’re Hiring!

Startup Weekend is looking for talented, passionate community leaders! We’re hiring for a Lead Designer, Web Developer, Regional Manager, and Regional Manager- Middle East/North Africa. Find out more by visiting our careers page. 

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From 54 Hours to 60 Employees

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The following is a guest post from Startup Weekend Organizer and Facilitator Çelik Nimani about Math 4 Kids, a Startup Weekend team from Prishtina, Kosovo.  Co Founders Blerta Thaçi, Agon Avdimetaj, Esat Pllana and Dorjan Berishaj were recently accepted into the ICK pre-accelerator in Kosovo after applying in the second round of the public call for business ideas. 

They used to be shy, dressed with shirts and jeans and very stressed when pitching for the first time on May 25, 2012 in Prishtina, Kosovo to a crowd of total strangers. They were tackling the educational problem of learning mathematics, with a new mobile application aimed at kids aging from 6-9 years old- obviously the name was Math 4 Kids.

When voting finished and their idea went through, they immediately started working in developing the app, as hardworking geeks/engineers they were. Blerta, Doruntina, Driton, Agon and Esat were co-founding the basis of a startup that the next year would bring to life two other companies, hiring more than 60 employees. With the support of mentors and with their hard commitment, they received the third place at the second edition of Startup Weekend Prishtina, while they agreed that they don’t want to stop but continue their journey onto the business incubator of Innovation Centre Kosovo, the main supporter of Startup Weekend Prishtina. There they developed prototype after prototype, tested and validated, while being so sunk deep into the waters of entrepreneurship registering their first business, Eduapps and brining to life to other companies: Appsix and Netsix. While working on brining educational applications to the market, those youngsters, still students of computer sciences, were making an impact onto the economy of their country, whilst setting the first example in the country how a total strangers made it from 54 hours to entrepreneurs.

math4kids

A week ago they expanded to the point where the business incubator had no place for them, since they were becoming so big and impossible to keep in a small office. They had launched more than 5 applications with their new business, a game based on a national hero Skenderbeu (Skenderman), which won the AppCamp Kosovo competition, a bank app enlisting information and services from local banks or an app giving the kids a joy beyond the classical way of learning math. And they were hiring more than 60 engineers and developers.

Now, months later, they are wearing ties, have kick-ass sales skills, are fearless when facing the audience and they run three companies, which they love calling startups and through which they are setting-up an example to their friends. They are on all TV channels, all local print and online media, they are the starts of their generation.

“Math 4 Kids” is a true Startup Weekend success story from a small country like Kosovo that is now hungered to tackle the international market with their services/products. I would call them heroes of their young generation, facing an economy of more than 40 percent unemployment. One thing I still love hearing form them “Startup Weekend changed our lives and we have responsibility to inspire others”

math4kids

 

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SW Alumnus Freak’n Genius Launches YAKiT Today!

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Congratulations to Startup Weekend and NEXT alumni Freak’n Genius on the official launch of YAKiT — Available today in the iTunes store

Startup Weekend is excited to announce that SW alumni Freak’n Genius is launching YAKiT, their first mobile app, today. YAKiT is a quick, simple, and fun tool for creating short video messages that bring hilarity, laughter, and creativity to any conversation.

Freak’n Genius was formed in 2011 at Startup Weekend Seattle after the team worked together on a cartoon about a man and his talking tapeworm. After the team was announced the winner, their brains started spinning with possibilities.

From there, the Freak’n Genius team was accepted into NEXT, a three-week curriculum powered by Startup Weekend and based on Steve Blank’s Customer Discovery process.

At NEXT, the team met mentors who introduced them to TechStars’ Microsoft Kinect Accelerator program. After graduating the Microsoft program, the team pitched to a room full of investors and received an acquisition offer. They turned it down in order to maintain their own vision and a few weeks later, closed a $500k round of seed funding from a series of angel investors.

 

YAKiT_Logo_Transparent

The team headed back to the streets where they spent almost a hundred hours conducting customer discovery and validation, which then turned into the concept of YAKiT.

“Between Startup Weekend and SW NEXT, we have been provided an abundance of resources, new opportunities, rapid learnings and failures, but most importantly, the right people to take the big risks with, ” Freak’n Genius Founder and CEO Kyle Kesterson said. “I knew by the end of the first weekend that I found a couple of co-founders that proved they could buckle down to execute, learn and navigate while being met with uncertainty, stress, and confusion.”

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YAKiT allows users to bring photos to life in seconds by putting words into the mouth of anyone or anything. They create hilarious animated video-messages that deliver more satisfying and engaging conversations than texting or emojis.

Users can choose photos from their camera library, or search online or via Facebook directly within the app to find the perfect picture. They can also take a picture with the built-in camera. Once they have selected a picture, the user will be guided to highlight the mouth, then record a short message. Before sending it off to a friend, they can adjust the pitch of the audio to really give their video that LOL factor – making Justin Bieber actually sound like a man or your BFF sound like a chipmunk.

Freak’n Genius is currently the leading company of the Washington Interactive Network’s new REACTOR Accelerator. Their idea has evolved from interactive tapeworm cartoons to performance-based animation with the Kinect to a robust web platform and mobile app for animated video messaging, all while executing on the core vision of helping connect people and remove barriers to creativity, communication, and fun.

Download YAKIT in the iTunes store here and learn more about Freakn’ Genius on their website.

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It’s Never Been a Better Time To Be An Entrepreneur

Posted by MJ Charmani
MJ Charmani
StartupBus is coming to Jax http://istartjax.org/the-news/119-startupbus
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on Tuesday, 30 April 2013
in Entrepreneurship

The following is a guest post from Startup Weekend alumnus Hakon Verespej. This was originally published on his blog.

I get many opportunities to talk with pre-entrepreneurs who are at various stages of exploration, from “I saw the Facebook movie” to “my side project is generating revenue”. Something that comes up frequently in these conversations is “why entrepreneurship?” This is a very broad topic with myriad reasons behind it, and each answer is unique to the individual. However, I recently noticed that regardless of who I’m speaking with, one consistency across conversations has been commentary on why it has never been a better time to be an entrepreneur. I’m not the first person to say this and it would be a terribly depressing indication of the state of entrepreneurship if I were the last. Whatever the case, the key areas I tend to elucidate on include entrepreneurial education, startup accelerators, modern technology, channels to consumers, availability of funding, startup hubs and supportive communities, and social acceptance. Below is a brief outline of how these play into this being the best time in history to be an entrepreneur.

Education
Over the past 10-15 years, our understanding of what goes into starting a successful business has rapidly expanded. Although our collective knowledge about this topic has emerged through several decades of academic research and practical experience, it was largely Steve Blank’s 2005 book, Four Steps to the Epiphany, that opened the concepts up to the masses. His teaching led to the Lean Startup movement, which was propelled by anecdotal publications like The Lean StartupRunning Lean, and many others that followed. With the momentous spread of his teaching, Steve Blank later cleaned up the presentation of his material in The Startup Owner’s Manual, which is essentially the text book on how to build a startup. All of this activity resulted in a strong base of easily-accessible knowledge on how to start and build a successful company. This is not to say that the Lean approach, which has largely been the focus of the past 8 years, is the only way to create a startup, or even the right way, but that we have made tremendous progress in the codification and sharing of information on this topic.

In conjunction with the development of knowledge around entrepreneurship, educational institutions have created curricula that is better suited for training entrepreneurs. Stanford, in particular, has been a leader in redefining how entrepreneurship is taught at universities. We have also seen the emergence of fantastic new programs like SWNext, which was enabled by Startup Weekend’s unique position in the market and collaboration with amazing local facilitators around the world.

It probably goes without saying, but we have also accumulated a wealth of online resources, many of which are freely available to anyone with Internet access. There are numerous websites and blogs dedicated to educating entrepreneurs in areas as diverse as lawfinancetechnologycustomer acquisition, and nearly any other topic one could ask for. Stanford has even started offering courses in entrepreneurship and related topics online and other academic institutions have followed suit. The vehicles for these online offerings are usually online education platforms such as Udemy and Coursera, which also host a multitude of other courses in entrepreneurship and technology.

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Accelerators
With many thanks to Paul Graham, a fairly stable format for offering entrepreneurial training and startup acceleration has taken shape over the last 8 years. A more hands-on and rigorous complement to other educational resources, the 3-month bootcamp model he pioneered has become the de facto standard. Today, Paul’s own YCombinator remains a top program along with TechStarsAngelPad, and 500 Startups. Many believe that for entrepreneurs, these programs are far superior to traditional MBA programs, particularly in light of the time required, the financial burden, and the lack of practical work involved in traditional programs. There is even a diversity of technology-, vertical-, and market-specific accelerators in most regions of the United States as well as internationally, but since many of these are newer, it remains to be seen how successful they are. In the meantime, I haven’t met anyone who has regretted the experience of going through the fore-mentioned programs, so I feel like they’re a pretty solid bet.

Modern Technology
Anyone up to speed on modern software practices is likely to be familiar with the availability of modern tools and will agree that it’s unbelievably easy to quickly get a live web service up and running. Services like those offered byHerokuAppFog, and AppHarbor extricate us from the nuisance of purchasing and deploying hardware, configuring infrastructure, complex deployment processes, etc. Now, we can simply code up our control logic on a framework like Ruby on Rails or Code Igniter, add a rich presentation layer using Bootstrap, and deploy via Git, all while collaborating and preserving the codebase using Github.

Don’t know how to code? It doesn’t matter anymore. There are a million services out there that don’t require any experience writing software. You can create a sign-up page using Launch Rock, a store front using Shopify, and pretty much anything else you can think of. One limitation that stands out is the creation of mobile apps due to app store policies, but mobile web is unrestricted, so it’s easy enough to create a mobile-optimized website instead of a native app.

For those more technically inclined, the world of open source has grown at an explosive rate, thanks to public code hosting services like Github and CodePlex. It’s easy to nab code for nearly any flavor of indexing, caching, load balancing, data processing, and so much more. There is some unbelievable stuff freely available because developers want to share their work and allow others to benefit from it. There’s an API for almost everything from payment processing to mobile backend as a service. Most of these services have a free offering for minimal levels of consumption.

Don’t get me wrong – the solid engineering required to build a robust product takes great skill. But there are so many tools available that most of us can get much farther, much faster, and with much less domain-specific knowledge than ever before.

And let’s not forget about physical products, which have largely been back-of-mind since the tech boom in the 90′s. Just like web services, physical products are getting easier to create as well. For $25, you can buy a pocket-sized Linux server (Raspberry Pi) or easy-to-program microcontroller (Arduino). You can create physical objects in hours or even minutes using 3D printers like those sold by MakerBot. Too expensive? Head over to one of the many local shared spaces opening up like Seattle’s MakerHaus. What these machines are capable of vastly reshapes the limits of our creativity.

Channels to Consumers
What difference do all these technological innovations make if we can’t reach consumers? The whole world is familiar with social media tools like Facebook, Twitter, Pinterest, and others that make it easier to build a following and distribute content. We also have channels like eBay and Amazon.com to get our products in front of existing, active consumers. For our web services and apps, we have app stores on every mobile platform and at least one store for browser extensions, Google’s Chrome Web Store. To access new customers, we can get substantial reach using Google’s Ad Words or Facebook Advertising. The best part about modern online advertising is that every platform I’m aware of allows us to target specific user profiles so we get our message in front of the particular audience we’re targeting.

Aside from marketing and sales, these tools can be used to validate our ideas against our target customer segments. When we put out an ad and no one clicks through, or no one converts into a paying customer, there’s a good chance something was broken about our business model, whether the customer segment we were targeting, the value prop we were offering, or something else.

The ability to reach people for the purpose of market validation is worth elaborating on. There are a plethora of tools like Mechanical Turkaytm, and Google Consumer Surveys that help you get copious amounts of feedback more quickly and at a lower price point than traditional means. Of course, it’s also good to jump on services like LinkedIn and WhitePages to drum up direct leads. We don’t want to get lost in the technological wonderland that surrounds us and forget the importance of sending email, making phone calls, and hitting the streets for in-person conversations with customers.

Availability of Funding
Immense change has occurred in the past few years around financing for startups. Naturally, angels, angel groups, and VC firms are still around, but we’ve also seen the rise of super angels. Likewise, alternative sources of funding are available such as the revenue-based loans offered by Lighter Capital and crowd-funding platforms like Kickstarter. Just like there are new ways to reach consumers, there are new ways to reach investors. Angel List facilitates entrepreneurs’ abilities to connect with angel investors to raise financing.

A new development worth keeping an eye on is the passing of the JOBS act last year. While we’re still waiting for the act to be implemented by government, numerous companies like Fundable aren’t waiting. You can put your startup’s profile on their platform today. We can expect many anticipated and unanticipated challenges in this area, but I am eager to see how it shakes up the world of entrepreneurship over the next two years and beyond.

Startup Hubs and Supportive Communities
Startup hubs are growing organically in nearly every major city in the world. Most of these hubs have champions who are deliberately driving the growth of the tech and startup communities within them. Outside of Silicon Valley, cities like Seattle, New York, Boston, Austin, Colorado, and Chicago have thriving communities of entrepreneurs and the resources needed to support them. Each of these cities has accelerator programs, great universities producing tech and talent, and extensive availability startup-oriented services.

I can’t speak in depth about other startup communities, but Seattle’s is extremely supportive. Community members want you to win and most are willing to lend a hand in one way or another to see that you get there. While there is competition among the companies here, the general consensus is that success in our community is a benefit to all of us.

Social Acceptance
Entrepreneurship may not have been widely accepted as a productive career path prior to the 90′s and it may have had some bad stigma after the eruption of the Internet bubble in the early 2000′s, but from day-to-day conversations I’m having today, I’m finding that people living completely outside the startup orb have some familiarity with and appreciation of entrepreneurship and those pursuing it. Of course, most people don’t understand the mindset of an entrepreneur or what an entrepreneur goes through to build their business, but fortunately, our supportive startup communities help us to cope with the emotional challenges of entrepreneurship.

So, What Are You Waiting For?
Hopefully this has provided some valuable food for thought. For those who are on the edge of exploring entrepreneurship, I strongly encourage further exploration. Talk with friends working at startups, try going to Startup Weekend, or get involved in the startup community in some other way. If you’re ready to take it a step further, go work for a startup. And if you’ve done your homework, have the right risk profile, and are ready for an amazing roller coaster ride, go for it! It’s never been a better time to be an entrepreneur.

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Are U.S. Corporations Supportive of Startups? Weigh in on the Discussion.

Posted by MJ Charmani
MJ Charmani
StartupBus is coming to Jax http://istartjax.org/the-news/119-startupbus
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on Monday, 29 April 2013
in Entrepreneurship

Filed under: Main Feed

Take the quick survey here.

Startup Weekend needs your input! We are compiling case studies and survey results about startups and their relationships with corporations.  Has your startup received support from a corporation (financial, mentorship, other)? Was your startup acquired by a corporation? Do you think corporations should be doing more for startups?

This is your chance to offer your unique perspective on these questions and more. Your feedback will become a critical part of a national study that highlights the corporations that are actively supporting entrepreneurship.  We need your input to balance the discussion and better incorporate the voice of the entrepreneur.

Your perspective will shed light on these relationships — on what is working and what needs to be done to better support startups.  Please take the quick survey here.

Startups

 

Questions? Email This email address is being protected from spambots. You need JavaScript enabled to view it.  

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5 Startup Hiring Mistakes That Can Crush Your Culture

Posted by MJ Charmani
MJ Charmani
StartupBus is coming to Jax http://istartjax.org/the-news/119-startupbus
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on Monday, 29 April 2013
in Entrepreneurship

Remember your first business loan? Or, if you're like many entrepreneurs, you may have initially bootstrapped your startup by buying some stuff on your credit card. You were excited and apprehensive: Excited because now you had the cash to invest in your business, apprehensive because you had just taken on a debt you would have to repay.

But that was okay, because you were confident you could create more value than the interest you would pay. Even though you eventually have to pay off a financial debt, gaining access to the right resources now often marks the difference between success and failure.

That’s true for financial debt – but it’s almost never true for culture debt. describe the image

Culture debt happens when a business takes a shortcut and hires an employee with, say, the “right” the skills or experience… but who doesn't fit the culture. Just one bad hire can create a wave of negativity that washes over every other employee, present and future – and as a result, your entire business.

Unfortunately the interest on culture debt is extremely high: In some cases you will never pay off the debt you incur, even when a culture misfit is let go or leaves.

Here are five all-too-common ways you can create culture debt that can keep your startup from achieving its potential:

1. You see the ivy and miss the poison

The star developer who writes great code… but who also resists taking any direction and refuses to help others… won't instantly turn over a new interpersonal leaf just because you hire him.

The skilled salesperson who in the short-term always seems to outperform her peers… but who also maneuvers and manipulates and builds kerosene-soaked bridges just waiting to go up in flames… won’t turn into a relationship building, long-term focused ambassador for your company just because you hire her.

The interview process is a little like a honeymoon. You see the best the candidate has to offer. If a prospective employee doesn't look like a great fit for your culture before he is hired, he definitely won’t be after he’s hired.

Never risk making a deal with the culture-fit devil. The soul of your company is at stake. Seriously.

2. You discard the attitude and play the skill card

Skills and experience are worthless when not put to use. Knowledge is useless when not shared with others.

The smaller your company the more likely you are to be an expert in your field, so transferring those skills to new employees is relatively easy. But you can't train enthusiasm, a solid work ethic, and great interpersonal skills – and those traits can matter a lot more than any skills a candidate brings.

According to this study only 11% of the new hires that failed in the first 18 months failed due to deficiencies in technical skills. The majority failed due to lack of motivation, an unwillingness to be coached, or problems with temperament and emotional intelligence.

Think of it this way: The candidate who lacks certain hard skills might be a cause for concern, but the candidate who lacks the beliefs and values you need is a giant culture debt red flag.

3. You try to sell a used car

It’s tempting to over-sell a candidate on your company, especially when you desperately need to fill an open position and you've been recruiting for seemingly forever.

Don’t sell too hard. Great candidates come prepared. They've done their homework. They already know whether your company is a good fit for them based on what they've read about you online. The really great recruits might have been stalking your company for many weeks or months -- seeing what the company feels like.

Describe the position, describe your company, answer every question, be candid and forthright, let your natural enthusiasm show through… and let the candidate make an informed decision. But, don’t oversell.

The right candidates recognize the right opportunities – and the right cultural fit. If you have to try too hard to convince someone, and the love is unidirectional, it's not setup for long-term success.

4. You mistake the rumblings for hunger

Nothing beats a formal, thorough, comprehensive hiring process… except, sometimes, a dose of intuition and gut feel.

At my company HubSpot (grew from 0-500 employees in 6 years) there are five key attributes we value:

· Humble. They’re modest despite being awesome. They’re self-aware and respectful.

· Effective. They get (stuff) done. They measurably move the needle and immeasurably add value.

· Adaptable. They’re constantly changing, life-long learners.

· Remarkable. They have a super-power that makes them stand out: Remarkably smart, remarkably creative, remarkably resourceful…

· Transparent. They’re open and honest with others – and with themselves.

In short, we look for people with H-E-A-R-T, because they help us create a company we love. So we always weigh our impressions against more qualitative considerations. You should too. Think of it this way: The more experience you have – the more lumps you’ve taken and hard knocks you’ve received and mistakes you’ve made – the more “educated” your “gut.” While you should never go on intuition alone, if you have a funny feeling about a candidate… see that as a sign you need to look more closely.

And look more closely.

For a detailed insider’s peek into how we think about culture at HubSpot, check out our Culture Code slides (embedded below for your convenience).

Bottom line: Define the intangibles you want in your employees and never compromise by hiring a candidate who lacks those qualities.

5. You decide to double down

There are two basic kinds of risk you can take on a potential employee.

First the worthwhile risks: Taking a shot on a candidate you feel has more potential than her previous employer let her show; taking a shot on a candidate who is missing a few skills but has attitude in abundance; taking a chance on a candidate you feel certain brings the enthusiasm, drive, and spirit your team desperately needs. Those are good chances to take.

Now the foolish risks: Taking a shot on a candidate with a history of performance issues that you hope will somehow develop a strong work ethic; taking a chance on the candidate who left his last two jobs because "my bosses were jerks;" taking a shot on the candidate who has no experience yet only wants to talk about how quickly and often she will be promoted.

Why do you rationalize taking foolish risks? You're desperate. Or you're lazy. Or you have "other issues to focus on." Or you figure your culture is strong enough to withstand the impact of one ill-fitting employee.

Don't take foolish risks. They almost always turn out badly. Occasionally take potentially worthwhile risks, because they can turn out to be your most inspired hires and, eventually, your best employees.

And never, ever take a chance that creates high-interest culture debt.

The cost to your organization is just too high. And, life is short.

A variation of this article was also posted as part of my participation in the LinkedIn Influencers program

Looking for other startup fanatics?  Request access to the OnStartups LinkedIn Group.  130,000+ members and growing daily.

Oh, and by the way, you should follow me on twitter: @dharmesh.


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