Showing posts with label Entrepreneurs. Show all posts
Showing posts with label Entrepreneurs. Show all posts

Monday, January 12, 2015

NY's Police Slowdown – Opening the Door to Tech/Social Media

Like the Last Strike of the Toll Workers….Before EZ Pass?

If you drive in New York you will notice that cops are no longer harassing cars with tickets. Yet, the city is working is just as well as it did when they were out in full force. The same applies to the regular cops.

Maybe 20 – 30% of New York policing was really about “toll-collecting” from the public.

If that’s the case, maybe we are better served by technology. It is cheaper to run street parking with EZ Pass systems, The same with speeding and traffic lights.

Police turn their backs on image of Mayor DiBlasio
Any number of low-level crimes can be monitored by remote cameras and police sent as needed. This not exactly news, but instead of leveraging new tech, the city has been flooded with cops, who are largely put to work ticketing the citizens.

Maybe they have just proven we don’t need their presence until summoned. That is better served by harnessing the public through social media technologies like Waze and Twitter, which capture real time issues as they happen by direct messaging from the public, or indirectly by suspicious activity.


http://nypost.com/2015/01/11/nycs-business-elite-in-a-panic-over-cop-strike/

Thursday, September 18, 2014

Peter Thiel Speaks at Columbia: Contrarian, Aspergers and One-of-a-Kind



PayPal founder and Facebook investor opened up to an auditorium full of Columbia students last night.

His most compelling observations seemed to be that conformity is the enemy of Entrepreneurship and the high occurrence of Asberger types in the Entrepreneur camp. He also noted that capitalists are anti-competitive in the sense that they are always looking for monopolies - but you already knew that!

It would be hard to draw everyman lessons from what he said, except that when it comes to Entrepreneurship, being out of step with everyone else may be the first sign that you are on the right track.

It's a tricky lesson because being a contrarian doesn't also make you right. But Thiel has made billions by placing big bets on those rare people who can seem wrong but also be so defensibly right. Facebook was unfundable for its first two years - in both Boston and New York - but Thiel wasted no time writing the first $500,000 check before anyone else did.

His craziest bet - at least according to his limited partners - was Elon Musk's Space X. Aside from the fact that he knew Musk as a fellow PayPal founder, when he looked deeper into the business, it made a ton of sense. They had a champion at NASA who was happy to order rockets and who also got Uncle Sam to pay up front. SpaceX, as it turns out, was a great cash flow deal hiding under space exploration! As for PayPal, they were really out to create a new currency but tat the same were responding to a need created by eBay - how to make online payments to individuals.

On a personal level, Thiel is a Stanford grad, lawyer and chessmaster, who hated lawfirms and had an early life crisis that drove him to the "wild west" of the Internet.

If you had to draw an inference from his somewhat rambling philosophy of investing - what he looks for is something like this: a well-structured renegade thinker who has taken on a challenge that could go big and that has no easy competitor.

This sounds obvious enough until you realize that few investors go with renegade because they tend to go with what they know and understand. But we all know that the next big thing never is. As for the renegades themselves, let's just say they are not the most outgoing people either. Hence the title of the book One to Zero - as in one of a kind.

Fortunately, there are more conventional ways to understand Investors. You can get an insight on the rules and mindset of the Investor community from my forthcoming book Are You Fundable? which will be released - finally! - in early October.




Monday, December 23, 2013

Winners at the December Startupalooza



We really appreciate everyone who came out in that challenging weather.

The winner was iSpeech with its exciting new talking "Stickers" product
The runners up were:

Nonnatech, an intelligent remote monitoring environment for eldercare.

Evospend, a "white label" debit card service for small retailers.

Cream, a fashion retailing marketplace that monetizes fashion bloggers.

As we saw, the entrepreneur community is alive with ideas - as we expand, we are opening this up to new kinds of deals and out of town Start-ups.

Please feel free to share your thoughts.

We wish you Happy Holidays and a wonderful New Year!




















Judge taking a pitch


Winners iSpeech talking to judge




"Voice" singer Cameron Novack performs for judges

Wednesday, December 4, 2013

Winners from the November Startupalooza

November was one of the biggest Startupalooza's of the year with over 40 presenting companies.

Streamed-In Presenters



Winner: SaveOn
Congratulations to the winner, SaveOn - the Kayak-like supermarket price and sales aggregator

They will be participating at the Private Equity Forum on January at the Yale Club - a $1500 value.






The first runners up were:
Patients Create The patient-centric crowdsourcing platform for healthcare development.
Dashbid - The software and service to help publishers increase video ad revenue yields.

Streamed-In Presenters


The Second Runners Up were:

Ledger - the prepaid corporate card company.

HandsFree -  Quikiks Hands-Free Shoes allow people with physical or cognitive challenges to step easily into and
fasten their shoes without hands.

Simbiot - Cloud-enabled platform for research and collaboration for science researchers to handle Next Generation
Sequencing and other genomic data.

KidKlass - "Open Table" for scheduling children's classes. 

Ca7h - Wearable connected camera that combines beauty, the power of smartphones and the internet. 

BeautyStat - The cosmetics deal site.

Rankings
We will be releasing the composite Judges' rankings so entrepreneurs can see how the investor community ranks 






your startup.
While we run this as a contest, we understand this is often about comparing apples to oranges - nevertheless, it is 
an invaluable guide. 

For that reason there are many winners - each with their own funding possibilities.
Back In December 9 (Virtual)  & 16 (Live!)
We will be back on December 17th with a Year-end Startupalooza.
We will be doing a Virtual Startupalooza pitch event n Dec. 9 that you can sign up for here.

Anyone signing up for the virtual event goes to the live event free!

REGISTER




Alan Brody and the Startupalooza Team

 









Saturday, May 19, 2012

TEDx EAST Report: The Good, the Bad and the Missing


To those of you who wondered, we apologize for any misunderstanding. What took place is an interesting tale of kool-aid and competition.
  

The organizers, who have done a great job building TEDx East over the past few years arranged to do this event at Alice Tulley Hall at Lincoln Center - the pinnacle of NY venues. 

Given the proliferation of TEDx's like TEDx Gotham, TEDx Manhattan, and TEDx Wall Street this might have been a kind of non-profit's end run.

Nevertheless, with 1100 seats to fill, this was a tall and very expensive order. So, we were approached to help promote it return for the usual - guest seats and promotional consideration.
   
They also wanted help selling sponsorships, which seemed very attractive except for the $25,000 price tag - in this economy! More significantly, not all sponsors will take the kool-aid - explaining the audience demographics or content can be a challenge. It is not a parade of Nobel laureates, it doesn’t reflect NY’s entrepreneurial culture and it offers no stars with current marquee value. It is just TEDx East and to many sponsors that can look like a dilettante’s ball.
  
Nevertheless, we gamely promoted it to our community and to our amazement, after sending out over 20,000 emails and Social Media messages, we began getting notices that it was sold out.
  
Good for them!
  
We probably should have called to high-five, but our work seemed done and whatever advice we'd had about price points and demographics seemed irrelevant. Unbeknownst to us, TEDx East hadn’t achieved anything like their numbers and so they had quietly switched venues without telling anyone except the people whose registrations they had accepted (you don’t just buy a ticket, they have to approve you!). There wasn’t even a notice on their website about the new venue, the more modest, NY Times auditorium.
  
The net result is late registrants (including us) were sent to the original Alice Tulley Hall where no one had a clue. The only way they got oriented was by viewing the Twitter feed for the occasional mention of the NY Times venue.
  
Once these bedraggled latecomers appeared, they were met with a vastly reduced version of TEDx - and they had to wait for the good stuff to reappear. As for the sponsors, none of the originally announced ones were in evidence except for a “globo” sign from the History Channel and a selection of new energy bars. They were ironically useful since latecomers arrived for the dance and music performances which were hardly ideas worth sharing. I have nothing against the performing arts, in fact I have helped present several off-Broadway shows including one now at the Little Schubert Theater called “Potted Potter.” But the theme was “The View From in Here.” So, was that a visionary gathering or just a view from the ivory tower and inviting whoever is playing in the courtyard. As for the History Channel - don't they look backward?
  
Assuming they are trying to make the point that we are producing today’s history then, from the performing arts we learn the following: you can be a fantastic dancer at 80 if you don’t mind prattling about creation myths, opera singers can be skinny and still have great voices and classical music continues to have a vibrant new generation of practitioners. The kids from PS22 sing pretty well and their tiny soloists have definitely mastered the art of swagger.
  
As for the “ideas worth sharing” there were some wonderful presentations that genuinely reflected the TED zeitgeist: John Marks, “you are not an Ape” (whew!), Maya Lin’s topographical architectural visualizations, Helen Fisher’s Biology of Mind was a fascinating journey into the 4 key brain chemicals that define personality types. Antonio Bolfo, the policeman turned photographer, had an interesting perspective on the stories that pictures tell (context is everything) which was an ironic contrapuntal to Sam Gregory’s “Visual Anonymity in a Surveillance Age.” To keep away from the policeman’s eyeball, you need face paint or some other way to fool their facial recognition systems. Think capcha for faces.
  
Entrepreneurship was represented in the form of the 13 year old Cassandra Lin who’s story of turning old cooking oil into a home heating oil and helping around a 100 needy families in Rhode Island was inspiring. Entitled, “Be Your Own Superman” it was, understandably, the day’s sole hyperbole since it represents a extraordinary achievement brilliantly told by this teen. It was also strangely misleading because it encouraged you think she had invented a new way to turn cooking oil into energy. That would be superhero stuff, all right. In fact, she was a precociously grounded young businesswoman for the public good who knew how to tap the local recycling and political system. She steered old cooking oil to the local biodiesel refiner who was able to deliver some amount refined product to the poor for free and still make a profit. The lesson here is not go invent, young person or even think kind or be supercreative - it is get business and politicking savvy. A great lesson, but subtly different from the one advertised.
  
The event ended with a ponderous lesson from a Finnish educator who flew in to tell us what we can learn from Finland’s stellar school system. Maybe he knew that he had nothing but bad news for us or perhaps it was just cultural, but these are not answers we want to hear: don’t change so much, you could be wrong and unlike us, Finnish culture cherishes teachers. They may not do it for the money but everyone wants to marry a teacher. So, lesson one: don’t raise the budget just hand out free match.com subscriptions and somehow boost their profiles. Lesson 2: everyone learns differently so cut back on those standardized tests and teaching. Bottom line - the slow food movement will give way to the slow teaching movement - plus extra love.
  
We can’t end without noting David Pizarro’s “How Disgust Shapes our Thoughts on Moral Wrong and the Political Right.” Aside from beginning his talk with the disgusting image of putrid flesh, his message was that people will almost never agree with you if you start out by disgusting them - unless you want them to be just as disgusted by the political opposition as you are. The obverse of this - which retailers long ago figured out - is that you can just as easily charm customers into agreeing with you (i.e. buying stuff) with great smell. Hence the olfactory stimulation at the mall.
  
If only entrepreneurs knew how create the smell of money, investors would be more willing to write checks! 

Maybe Supergirl will figure this one out.

Friday, March 30, 2012

Are You Fundable?

A short outline of our upcoming book. Feel free to share your thoughts.

ARE YOU FUNDABLE?
How to Measure and Improve Your Capital Quotient
The Entrepreneur’s PowerPitch Workshop Guide

by Alan Brody

What Makes Your Start-Up Different

Not all Start-Ups are the same. OK, you already knew that. But do you know what sets you apart in the minds of investors? Do you know how to turn that information to your advantage? 

Here are the key principles behind the PowerPitch Panel and our Start-Up events.

The objective is not necessarily to make you the best pitch on earth - it is to help you understand what it takes to be credible in the class of Start-up you are and then match you with the right source of funding.
 
Getting Into the Minds of Investors

The Start-Up Hierarchy: What Kind of Entrepreneur Are You?

The Hierarchy of Entrepreneurs

What is a Serial Entrepreneur? 
The Pedigreed Start-Up vs. Not-So Pedigreed (and how to fix that....)
Moonshots, Up-and-Comers and Career-Enders
How to look like a Serial Entrepreneur
The Older Player vs. The Youngest Player
         How Investors Rank Your Plan


How Deals & Ideas are Perceived
What kinds of deals investors are looking for? 

Idea-Driven Start-Ups vs. Sales-Driven vs. Customer-Driven Start-Ups
How to rank an Idea
How to rank an Investor
What Impresses Investors


What Terrifies Investors



Presentation

The Power of the Pitch
How to Pace your Pitch

The Secret to Pitching is the “3rd Dimension” – the information between the lines 
Saying the Right Things – Avoiding the Wrong Things
Passion - what that really means
Burned by Angel – Why Inspiration only gets you so far…and could hurt you.

Who are Angel Investors?

The Basic Types of Angel Investors

Angel VCs
Angel Groups
Incubators/Accelerators
Private Angels
Friends and Family


Additional Chapters of the Book
The Fundability Test
Term Sheets
Corporate Structures
Alternate Funding


Additional Notes:

1. The Investors Private Vocabulary: Eskimos have 57 words to describe snow and the Bedouin have 100 for a camel. What terms do Investors have for entrepreneurs and why that matters?
2. Understand what investors are looking for - before you pitch.
3. The Secret to Pitching: the “3rd Dimension”
4. The Jockey vs. the horse – the key to your future.
5. How to survive the drought.
6. Plan B: Do you Pivot or Deconstruct?





Monday, February 13, 2012

Report from STARTUPALOOZA NJ




122 attendees and 43 startups filled the NJIT Campus Center Atrium on February 9th for STARTUPALOOZA NJ hosted by The Enterprise Development Center at NJIT. With two minute pitches for innovations ranging from robots to electronic health record solutions, the disruptive power residing in NJ’s digital and healthcare community was once again proven. 6 finalists presented Digital finalists: Qrious, Allweb Technologies and My Venue Menu. Healthcare finalists: Vyzin, Epion Health and Assistive Innovations In presentations moderated by iBreakfast’s Alan Brody, they presented to investors including Kamran Hasmi, Heather Gilchrist, Zev Scherl (with protege Sam Scherl), Rick Pinto, Glenn Fratangelo and John Ason.

Congrats to the winners: Digital startup Qrious and healthcare firm Epion Health! Our thanks go to all attendees, exhibitors and investors as well as to Judith Sheft, Jerry Creighton and the hardworking staff of NJIT. Stay tuned for announcements of upcoming events and check out video coverage of three companies from yesterday’s StartupaloozaNJ that appears today in MedCity News  and click below for video coverage from our media sponsor NJorg

 




Wednesday, January 4, 2012

Gung Ho and the RFID Hunting Dogs of Virginia - Signs of our New Economy

Our year-end vacation took us off the beaten path down South where we had an epiphany of sorts about the new economy. Along the way, I read a book which explained that, although Gung Ho usually thought of as a Marine war cry bur it really is a Start-Up’s war cry. It was adopted by a Marine officer who was inspired by the determination of a very spirited guerilla entrepreneurial program in wartime China with that name!

(More about that later – but it may be the greatest irony of our economy that we used a Chinese idea to promote warfare and conquer who? while the Chinese used it to devastate our manufacturing base.)

We may also be so Social Media’d out in NY that we forget the potential for fundamental change occurring in the hinterland (OK I did see 3 people with Occupy Savannah signs, but they may have been leftover Yankees). So, I will give you a list of changes I saw that could outline our future…..you connect the dots.
1.      
  1.    Factory building companies move from Chicago to South Carolina – because, said my engineer friend over dinner in GA “the South is the only place where factories are being build these days.” You can see a nice looking Honda plant from the highway when you drive through North Carolina. No signs promoting unions, plenty talking about the Bible.
  2.    I meet two teachers looking to move to Ashland, N.C because they are virtual teachers working for the State of Florida. To save money, the Florida hired a group of ex-Disney execs to offer their troubled schools a low-cost alternative. The teachers are considering Ashland where costs are lower and the lifestyle pleasant. The schools may be good too.
  3.   The country store talk in VA is about where to take their handheld transmitters in order to missing hunting dogs by locating the transponders. I hear that out West cattle herding is done from a laptop that sends signals out to cattle tags which lightly shock the cows into their pens.
  4.   One of the fastest growing retail chains is a cheap tool supplier called Harbor Freight.
  5.   All that shale gas fracking talk has inspired mineral searches in non-shale gas areas as well as a new fight over well water. Gold has been found in VA...
  6.   I get 4G in the countryside – no problem.
  7.  People love huntin’ and military bases seem to be just about everywhere. Is housing starting to come alive.
  8.   No one talks about robots in farm mechanization but the farms are generally under 100 acres.....and you'd think......will returning solider use their newfound skills with predators and roadside robotics skills on the farms
9.   The point here is that the internet, social media and high tech are now entrenched in the heartland. For the most part, they are not used particularly innovatively. They are “paving the cowpath” – in other words doing traditional things but with better tech. The farmers complain about overregulation – our strawberries had to be tested for sweetness before they could be picked (they were still quite sour on FL) and wineries (yes there are wineries) can’t sell across state lines and so on…

We are still using an old state regulatory pre-internet infrastructure to govern while everywhere else they are bursting at the seams with tech and connectedness. Many regulations could be managed by online reputation and every consumer will have a 4G smartphone to keep them abreast. Yet, when states are desperate like Florida’s schools, they go virtual - no problem

As for innovation, we are sending factories down there because of unions and a supposed work ethic. Supposedly, rural people tend to value production more that urban people and are willing to do the repetitive work.

I can also add that the big Southern cities are mare diverse than you might have thought, but that is another story. The issue is, has the hinterland’s economy changed in a significant way due to the tech economy and the answer is probably no, not really. It’s doing the same only somewhat better.

But it could – and that’s where Gung Ho kicks in.

This is a long forgotten story that Marine connection has overshadowed. When the Japan occupied half of China in WWII, the free Chinese lost their major urban manufacturing and so the Communists and the Nationalists – a bipartisan group – launched a program of guerrilla manufacturing in the rural areas. They even threw in Angel money. Soon, small very nimble operators were making everything from soap and matchsticks to airplane parts in jungle factories that filled supplies, created jobs and kept the country going until it could take on the Japanese. Gung Ho is just an abbreviation for Chinese Industrial Cooperative or  "gōngyè hézuòshè"  shorted as " gōng hé that coincidentally translates as “work together.”

The Communist revolution in China made us overlook this highly distributed form of manufacturing  which underwrote the revolution and then, when the dogma subsided, turned China into the manufacturing superpower it is today. [I write this on a China made PC, distributed through a China made router etc. etc.]

Whoever wants to win the next election should to revisit this story because it is the true source of our recovery. They should be underwriting exactly this kind of nimble manufacturing.

Sure, we are seeing some recovery but it tends to focused on big corporations that can make more money with fewer employees. In order to bring unemployment down we need to spark the creative abilities of agile, fast-changing highly informed low-cost specialty manufacturers. We have the connectedness, the high tech tools (designed here but made in China), the distributed education and the infrastructure to deliver. We need to foster the markets and get out of their way. With 50,000 or so returning troops that pressure but also the possibilities will increase. My guess is that our successes with unmanned flying will spark a revolution in robotics, remote control land & aerial technologies and a resurgence of mineralogical development.

Maybe they will remind their kin that hunting with dogs makes for lousy meat. All the excitement and fear sends adrenaline to the animals and the meat is soured. Wouldn't it be better if they found way to tag animals in the wild and then use to chips t lead them with a surprise?  

Anyone else been out in the country? I would like to compare notes!


PS There is nothing here that explain the mad crowds at Harry Potter World except to say that it is really well done, magical reality (read: cult marketing) is big and people will pay and suffer just to experience it…..