Category: Entrepreneurship

The Whiteboard Desk

When people come to our office for the first time, they almost always comment on our desks and tables.    Ever since we moved in two years ago, we covered all of the available surfaces in white boards.  I love being able to sit at our big table and just write things down on the table as I think of them.  It’s great for taking notes on phone calls and writing todo lists.  It’s certainly helped increase my productivity and it was super cheap to set up.

We went to home depot and bought two 8×4 foot tile boards for a total of $20.  We had the guys at Home Depot cut our boards into our desks’ dimensions and taped them down with double sided tape.  It was a cheap investment that’s been a unique addition to our office.  Check out some pictures:

Do you have anything unique in your office that helps you work better or more efficiently?

Happy Two Year Anniversary Capital Entrepreneurs

It’s been two years since I started Capital Entrepreneurs, an organization to help Madison entrepreneurs connect. I’ve been blown away by how fast CE has grown and how quickly time has gone by.  On our two year anniversary, here’s the story of how we got to where we are today.

In April 2009, I was a month short of gruduating from UW.  I had just started my second company, Entrustet, with my business partner Jesse Davis.  Many of our friends were taking jobs outside of Madison and the two of us were going to be staying in Madison to startup Entrustet.  We both had been a part of the UW entrepreneur scene and had received support from other students, professors and the university itself, but since we were graduating, we were worried that we would not be able to take advantage of the support system any more.

I realized that most people make new friends after college via their job, but since Jesse and I were the only people in our company, I worried that we’d get isolated.  I knew that there were other founders in town who were graduating who likely felt the same and wanted to do something make us more like coworkers, even though we were all working on separate businesses.

I’d been to most of the startup focused meetups and events around town and thought that there was a niche for a group that was specifically for founders that could compliment the existing networking events like High Tech Happy Hour and Madison Magnet.  I wanted to create a place where founders could get to know each other, hang out and talk freely about their problems, dreams and goals, without having to worry about getting pitched by attorneys, insurance agents, accounts or the press.  I wanted a place where ideas flowed freely and entrepreneurs would feel comfortable both asking for help.  I wanted it to be free and without structure.  I wanted Madison’s entrepreneurs to be a community of friends, not a disparate group of people who just happened to start companies.

At the end of April, I talked to a few of my entrepreneur friends and asked them what they thought.  Everyone loved the idea, so I started to look for a venue that would give us a private space for free, along with some other enticement to get our business.  Our friends at Brocach gave us a space in their upstairs bar, along with a nice food special and we set our first meeting.  I invited all of my friends who met two simple rules.  They were:

  1. The founder or first employee of a Madison business
  2. Were not a service provider like an attorney, accountant, insurance agent

Our first meeting was right before graudation in May 2009.  Around 10 founders showed up.  We introduced ourselves, had beers and talked.  It was great.  We decided to do a second meeting that next month.  I quickly realized that Madison entrepreneurs were doing some amazing things, but that the rest of the community had no idea.  So I started a website.  It’s a simple blog that gets updates whenever a CE company gets press, sends out a press release or the city itself makes news.  It also includes a list of member companies, resources for Madison’s startups, along with info on how to join.

Since May 2009, CE has grown slowly, but surely each month.  The second meeting had 12 founders, the 4th 17.  It just kept growing.  One year later, CE had 34 member companies and 60 registered members.  As we grew, service providers wanted to attend to meet the entrepreneurs.  We decided service providers could sponsor CE and attend ONE meeting per year.  At that meeting, they are not allowed to sell their services, just answer questions and get to know the entrepreneurs.  They also have to pay for our bar tab.

We were lucky enough that Neider and Boucher, Michael Best, Boardman Law Firm, Marquette Golden Angels and Venture Investors agreed to be our first sponsors.  Sponsorship worked out great for CE and the sponsors.  It was a great way for entrepreneurs to get to know service providers and for the service providers to get to know us.  It was also a great way to attract new, high growth clients.

CE continued to grow, but I was a little worried when Jesse and I got selected for the Startup Chile programForrest Woolworth stepped up and ran CE while I was gone and did an amazing job.  Over the last year and especially in the last six months, CE has started to take off.  We now have over 75 member companies and 120 people on the email list.  We’ve been featured in Techcrunch, Read Write Web, Madison Magazine and tons of other publications.

Member companies have been featured in the NY Times, The Economist, Financial Times, Wall Street Journal, Techcrunch, Mashabale, Forbes, BBC and hundreds of other influential blogs, newspapers and magazines.  CE companies have created over 300 full and part time jobs during one of the worst economies in recent history.  We’ve raise over $15m in funding.  Spinback, founded by CE alumni Andrew Ferenci and Corey Capasso, was acquired.  Spill, founded by CE alum Heidi Allstop was selected for Techstars.  My company, Entrustet, was selected for Startup Chile.  CE members have been instrumental in helping start the Forward Technology Conference, Build Madison and other entrepreneurship initiatives in Madison.

Madison’s startup scene has grown significantly in the past few years and I’m excited and proud that CE has been a part of it.  I can’t wait to see what the Madison startup scene looks like in another year!  I’d like to thank everyone who’s helped make Capital Entrepreneurs what it is today.  It would never have been a success without all of your help!

SXSW 2011 Recap: Chile, Digital Death, Hashable and the NY Tech Scene

Last year was my first SXSW and I had a great time, but 2011 was even better.  Here’s a quick rundown on my SXSWi and some of the big themes I saw.

Chile is on the tech map

I was lucky enough to moderate the Chile Technology Summit with Juan Pablo Tapia, David Basulto, Paige Brown and Leonardo Maldonado.  We talked about the Chilean technology ecosystem, entrepreneurship, social media, Chilean startup success stories and some of the government programs that have really helped Chile’s tech community.  It was really fun to be able to tell people I met that I’d been living in Santiago, Chile for the past four months because just about everyone I met had heard of Startup Chile.  It was a great ice breaker and allowed me to talk about more cheery topics than digital death.

I can tell you 100% that Startup Chile should already be viewed as a success for the simple fact that almost every VC, angle, entrepreneur and social media person knew of Chile and the program.  Last year, I bet only 5% of SXSW attendees would have know anything about Chile.  Add that to the fact that of our $40,000, at least half will be going directly back into the Chilean economy and that between Jesse and me 8 friends/family will visit, Chile is making it’s money back.

Digital Death is Growing Quickly

We celebrated our 1 year anniversary of our launch on Monday.  Last year, Jesse gave a talk  about our industry to a crowd of 20.  This year, there were over 150 people in attendance, and Twitter was abuzz during our session.  We’ve been featured in over 100 top media outlets and have seen the number of companies who are doing something with data and death online grow from 5 to almost 50.  The Digital Beyond wrote a book.  1000Memories got $2.5 in funding from some of the top VCs in world and whenever I told people about Entrustet, people either had heard of us by name, or had heard a story about the industry.  I got to meet at least six of our users and randomly ran into people who had checked out it.  I expect the industry to keep growing quickly and can’t wait to see what happens at next year’s SXSW.

You're Dead, Your Data Isn't: What Happens Now?

Hashable was the big hit

I’d used Hashable in the past, but didn’t like it until this year’s SXSW.  The first night, I met Mike, the founder, who personally sold me on why I needed to download the app.  I ended up using it multiple times each day.  It was funny, whenever I met someone from NYC, they always wanted to do Hashable, but the adoption rate from Silicon Valley entrepreneurs was way less.  I don’t buy that the mainstream will use Hashable as a “checkin for people,” ie every time you meet someone, but I can see it catching on big time for exchanging e-business cards.   Hashable made my business cards obsolete for most people.  The only downside is that Hashable strips the personality of your business cards into about 100 characters available in a hashable tweet.  I get comments on our business cards all the time and I enjoy seeing the creativity in business cards each year at SXSW.

The NY Tech Mafia

Another big change from this year to last year was the emergence of the NY Tech scene.  There is so much energy coming out of NYC, not to mention startups, VC money and developer talent and it was interesting to see.  NYC based entrepreneurs were more likely to feel like they were a part of something bigger.  It seemed like they thought they were part of a movement, part of a nascent industry or an important moment in history.  They community seemed much closer than many of the San Fran entrepreneurs I met.  I think it’s great that technology startups are happening in other places than just the bay area.  I really enjoyed seeing the energy and genuine excitement from the NYC entrepreneurs.  It also seemed that many of the NYC entrepreneurs were more focused on using tech to something, compared to some of the San Fran startups who were more interested in the pure tech side.  Both are very valuable and I’m not picking sides.  It was fun to see as an outsider and a marked difference from last year.

There are so many group messaging companies

And I don’t see the use.  I first used a group messaging system two years ago for a friends bachelor party and it was great.  We had a group of 8 of us, all doing the same thing and on the same schedule.  It was great.  At SXSW, I was in multiple groups (or pods) and just got annoyed by all of the messages.  Most were not relevant to me.  The groups were too big, our schedules were different.  It just wasn’t helpful.  I can see group messaging being something you turn on for specific events, with specific groups, but I don’t see it for everyday use.  There is a ton of money in the space right now and it will be interesting to see if Facebook integrates group messaging into Facebook groups.

Bubble?

There were so many companies doing “social something” or “x for facebook” that by the end we were joking around that we were going to start the Kayak for canoes and rent boats in Lake Austin.  I think startups have become hot and that there are lots of people starting businesses now just for the money, which can be dangerous.  I think there are bubbles in certain types of Internet businesses, but don’t think its completely systemic, like the initial dot com bust.  It’ll be interesting to see what happens!

Cool Startups+Things I Saw at SXSW

SparkRelief – Crowd Sourced disaster relief.  They launched a site that allows anyone in Japan to offer housing to those displaced, for free.  Could be a cool model to empower citizens to take part in their own disaster relief.

Startup America – While I would prefer less rhetoric and government chest puffing, there are clearly very smart people working on this initiative and President Obama seems to be behind it.  I was left the panel optimistic about a part of government for the first time in a long time.  Please stop saying “winning the future” though.  If Bush would have said that, everyone would have (rightly) made fun of him.

Data – It’s amazing what people are doing with data.  I saw countless panels, companies and entrepreneurs doing cool stuff with data.  It’s going to be fun to see the next level of services created when data becomes ubiquitous.

Artsicle – Lets you rent art, sort of like netflix and connects artists with the people who are buying new art.  Cool idea.

#sxswla – Latin America was well represented.  But I’d like to see more panels next year featuring people from all over the world, not just in separate tracks.  Sort of like with the inclusion of a ton more women this year.

Flavors.me – Amazing design and simple personal pages.  Mom, when you read this, I bet you could set up a site if you wanted.  I’d know the Flavors guys from before, but it was great to meet in person.

Grubly – Cool startup that connects people who love to cook, with those who love to eat

South By Southwest Chile Technology Summit

I will be moderating a panel at South By Southwest called the Chile Technology Summit on March 16th at 1230 at the Austin Hilton, ballroom F.  Twitter hashtag #chiletech.

The World Technology Summit is a new addition for SXSWi and features panel discussions from emerging technology hubs around the world including Brazil, England, South Africa, Singapore, France, India, China and more.  The goal is to share what it’s like to do business, work and live in these countries.  We’ll answer questions like:

  • How has the technology scene changed in your country over the last five years?
  • What is hottest new media technology trend in your country?
  • How is social media developing / evolving in your country?
  • What is the atmosphere / environment like for new media entrepreneurs?
  • What kind of government support is there for the new media industry in your country?
  • What is the level of education in your country? Is there enough talent for high-tech work?
  • What are the best resources / blogs / websites for people to learn more about new media in your country?

The panelists joining me at the Chile Technology Summit are Juan Pablo Tapia, Leonardo Maldonado and David Basulto.  Each panelist is a leader in his field.

Juan Pablo Tapia

Juan Pablo is the cofounder of Bowl, one of Chile’s leading social media agencies with clients like Ford, LG and others.  He is an experienced entrepreneur and loves technology and social media and also lectures at the Universidad de Desarollo. Juan Pablo will share his perspective on Chile’s developing social media and technology business scene.

Leonardo Maldonado

Leonardo is a serial entrepreneur involved in numerous projects in Chile, including Gulliver, InsumoChina, Gestion y Liderazgo, and Blue Company, a platform for creating personal online communities.  Leonardo is also involved in creating technology entrepreneurship and business opportunities for Region Fertil, a state in Northern Chile that includes the city of Antofagasta.  He will share his insights about creating businesses in Chile and what he sees as some of the successes as well as challenges still facing Chile’s rise as a technology economy.

David Basulto

David is the cofounder of Plataforma Arquitectura and Archdaily, the world’s largest and most trafficked architecture website in the world.  David graduated from Universidad Catolica’s architecutre program and decided to start an architecture blog with one of his friends.  After a few years of hard work, David and team turned Archdaily into the world’s most important architecture website.  David will share his perspective on what it’s like to build a world class business in Chile, along with the changes he’s seen in the Chilean startup community since he started his business in 2005.

 

I’m extremely excited to have the opportunity to share my experience living and working in Chile, as well as help Juan Pablo, Leonardo and David share some of their stories from the front lines of entrepreneurship and high technology in Chile.  I’m also excited to showcase Chile as one of the best places in the world to start a high tech startup.  If you’re attending sxsw, stop on by our panel!

Got questions?  Want to know more about Chile?  Put questions or topics you’d like us to talk about in the comments and we’ll do our best to fit them in.