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Startups, Present @ Launch: Silicon Valley 2009. Few Days to Deadline.

Posted on May 4, 2009 ·

Startup Entrepreneurs who did not make it to the recent  Under the Radar event, here’s your second chance: join us at Launch: Silicon Valley 2009, co-presented by SVASE, Garage Technology Ventures and Microsoft.

In fact it will be more than a second chance: while the UtR event focused specifically on Cloud Computing, Launch 2009 is designed to uncover and showcase products and services from the most exciting of the newest startups in information technology, mobility, security, digital media next generation internet, life sciences and clean energy. The inaugural Launch event was in 2006, combined with Guy Kawasaki’s Art of the Start conference.

Are these events worth attending? It’s your call … all I can say is since 2006 presenting startups received a combined $80+ million in venture funding.

So if you are building the Next Great Business in the areas mentioned above, are (almost) ready for launch, meaning that by June 9th, 2009 you will have a product or service available, but have not been out in the marketplace for more than a few months, then by all means send an Executive Summary of no more than 2 pages to Launchsv@svase.org. Submission deadline: May 8th, 2009 – yes, just a few days left. (Garage Technology offers a useful Writing a Compelling Executive Summary guide.)

Last year over 300 companies from all around the country and even overseas applied, so clearly the presentation spots are in high demand. Based on the submissions up to 30 companies will be invited to present at the Launch: Silicon Valley 2009 event on June 9th at the Microsoft Campus in Mountain View, California. Presentations slots are 10 minutes, running in 6 sessions of 5 companies each. Each presenting team will also be assigned a cocktail table in the Networking Room where they can meet with interested audience members one-on-one to answer questions and explore possibilities.

The evening before, on June 8th the presenting companies, registered audience and selected bloggers and media will be invited to a Pre-Event Party at a prestigious location in Palo Alto, providing a further opportunity for networking with Silicon Valley’s movers and shakers.

So if you are a qualifying startup Founder, remember the deadline: May 8th.  For additional details and later for updates check http://www.launchsiliconvalley.org/ and you may also want to follow the event (actually the President of SVASE) on Twitter.

Guy Kawasaki called Launch: Silicon Valley “the poor man’s Demo”. SVASE proudly wears that badge, since this is an event with a price tag that won’t keep any startups away. It’s your turn now: send in the Executive Summary and launch with SVASE in June.

(Cross-posted from CloudAve. To stay abreast of news, analysis and just plain opinion on Cloud Computing, SaaS, Business grab the CloudAve Feed here.)

Filed Under: Bay Area, Marketing / PR, Social Networking, Startups · Tagged: , , , , , , , , , , , , , , , , , , ,
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SVASE VC Breakfast with Hummer Winblad in San Francisco – Focus on Software as a Service

Posted on April 28, 2009 ·

We’re in a deep recession, VC investments dried up, startups are shutting down and the World is coming to an end…  or not?

I’m just back from a very lively Under the Radar conference where 32 startups presented and the audience was full of VCs looking for the next investment opportunity.  Those who missed the UtR deadline, or just did not fit this event’s profile (Cloud Computing) will soon get another change at Launch Silicon Valley, co-presented by SVASE, Garage Technology Ventures and Microsoft.

In between these conferences there re are several smaller, more intimate events, like the SVASE VC Breakfast Club series.  After a long time I’ll be back moderating the next breakfast meeting this Thursday, April 30st  in San Francisco.  As usual, this will be an informal round-table where up to 10 entrepreneurs get to deliver a pitch, then answer questions and get critiqued by a VC Partner. We’ve had VC’s from Draper Fisher,  Kleiner Perkins, Mayfield, Mohr Davidow, Emergence Capital …etc.  This Thursday’s VC is Lars Leckie, representing the first exclusively software-focused venture firm, Hummer Winblad Venture Partners.

These breakfast meetings are a valuable opportunity for Entrepreneurs, some of whom would likely have a hard time getting through the door to VC Partners. Since I’ve been through quite a few of these sessions, both as Entrepreneur and Moderator, let me share a few thoughts:

  • It’s a pressure-free environment, with no PowerPoint presentations, live demos, Business Plans…etc, just casual conversation; but it does not mean you should come unprepared!
  • Follow a structure, don’t just roam about what you would like to do, or even worse, spend all your time describing a problem, without addressing what your solution is.
  • Don’t forget “small things” like the Team, Product, Market..etc.
  • It would not hurt to mention how much you are looking for, and how you would use the funds…
  • Write down and practice your pitch, and prepare to deliver a compelling story in 2-3 minutes. You will have about 8-10 minutes, the first half of which is your pitch,  but believe me, whatever your practice time was, when you are on the spot, you will likely take twice as long to deliver your story. The second half of your time-slot is Q&A with the VC.
  • Bring an Executive Summary; some VC’s like it, others don’t.
  • Last, but not least, please be on time! I am not kidding… some of you know why I even have to bring this up. Arriving an hour late to a one-and-a-half-hour meeting is NOT acceptable, but we’ve had too many such incidents, so here’s a new rule:  if you’re late by more than 20 minutes, you will not be allowed to join the session.

Here’s the event info page, and remember to register – the previous event with Hummer Winblad sold out in advance.

Filed Under: Bay Area, Startups · Tagged: , , , , , , , , , ,
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Two Days Left for Under the Radar Online Registration – Get Your Discount Here

Posted on April 21, 2009 ·

We’re at the final countdown stage for the Under the Radar: Clarity in the Cloud conference – it’s coming up this Friday, April 24th, 8:00AM – 6:00PM @ the Microsoft Campus, in Mountain View, CA.  

If it’s named a conference, it has to have a keynote or a panel, and that’s what you get at 9am: the Buyers’ Wish-list Panel:

  • What are technology buyers are hunting for?
  • What cloud technologies have they adopted?
  • How you can get on their wish list?

But that’s where all similarity to a conference ends.  The rest of UtR is actually a giant Startup Launchpad – the American Idol of startups.  Except UtR won’t take months to declare the winners.  The finalists present in a rapid-fire format  – they are grouped in categories of 4 each, in two parallel tracks  and each presenter has about 15 minutes. They get grilled by the judges and audience, then all attendees get to vote  ( I wonder if they upgraded from paper ballots to SMS yet..) and at the end of the conference the winners of each category are announced.

UtR has a good track record of the participants getting funded – about half of them got funded or acquired in the past. (See more stats here.)  If we can believe InformationWeek’s Top 50 Startup list, this year’s roster will also be worth paying attention to:

           
          

          

                      

 

Then there are the Graduate Circle Companies – fomer UtR presenters, who are no longer truly “under the radar”, having proven themselves:

       

       

 

So if you want to be part of 2009 startup history, network with entrepreneurs, VC’s, media, corporate decisionmakers, join us on Friday.   CloudAve is a media partner for this event, several of us (Krish, Graeme, Raju and myself) will be there, and most importantly, we have a deal for you.  Use our VIP registration site for $100 off the non-member price.

If you can’t commit full day, drop by just for the afternoon (it’s Friday).  For the first time in the history of these events, you can now get an after-lunch pass for $275.

See you there!

(Note to PR types: thanks for all your interest, but I am not making advance appointments.  UtR is too vibrant, dynamic, there are too many interesting people to bump into to make such commitments – better go with the flow.  But it’s a small place, and several of us from CloudAve will be there, so I’m sure we’ll meet your startup clients anyway.)

(Cross-posted from CloudAve. To stay abreast of news, analysis and just plain opinion on Cloud Computing, SaaS, Business grab the CloudAve Feed here.)

Filed Under: Marketing / PR, SaaS, Social Networking, Startups · Tagged: , , , , , , , , , , , , , ,
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Creative Retailer: Price Follows DOW

Posted on March 29, 2009 ·

This will be an unusual post in more than one way.

First, it’s about a decidedly low-tech retail business, that does not really fit this blog’s profile.

Second, it’s about a business I don’t personally care for: designer t-shirts. Tees are in the conference schwag category for me, I barely ever spend on them, and $110 (even $55 after discount) is an outrageous price, if you ask me.

Third, I really don’t like tattoo’s – and this line is all about reprinting tattoos. Yuck.  (But that’s just me.)

Fourth, I am reprinting an email sent to me in it’s entirety.  Rest assured, I’m doing it with the sender’s permission. I’m lazy, don’t wan to write a post and this makes a perfect story.  Ok, joke apart, keep on reading, there is something about creative business models here.  Here’s the letter (emphasis mine):

Hello! My name is Jeremy Parker and I am a 23 year old entrepreneur.  I am the CEO of Tees and Tats, a high-end, limited edition t-shirt line designed by world renown tattoo artist Marco Serio. We launched the line last July, with much success, selling to many high-end boutiques all over the US and Canada. 

But starting last November, are sales starting to slow dramatically as with the rest of the economy.  A large percentage of the stores we were selling to closed, and the stores that have survived are not placing re-orders. I did not want to concede to failure- because if the entrepreneurial spirit dies, America will be in a much worse place.  I knew the store issue would still be a problem, because high-end retailers are not buying goods anymore, but I came up with an idea that I thought might help our online sales.

I first lowered our prices from $110 to $55.  This helped a little bit, but people where still not buying like we saw earlier.  So I came up with a concept that at the time seemed bizarre, but now has proven to be a savior for us.

Now when a customer buys a shirt on our website (www.teesandtats.com), they are told the price of the DOW.  For every 100 points that the DOW drops within two months after the time of purchase they receive $5 dollars off of their purchase.  For example if a customer buys a shirt for $55 dollars and the DOW is 8200 and two months later the DOW is 8000 – the customer gets a check in the mail for $10 dollars.  The reason why people aren’t  buying high-end fashion- is that they are nervous about affording food, rent and other necessary living expenses.  Obviously very understandable.  So by assuring them that if the economy deteriorates even more they would get some money back – it made it very enticing for many customers.  Our sales have been up significantly since we started this.

One important additional element to the Tees and Tats philosophy is our desire to give back. For every T-shirt sold in the initial collection, we are going donate a percentage of proceeds to the non-profit ArtWorks Foundation. Based in Englewood, N.J., ArtWorks provides children and young adults suffering from chronic and life-threatening illnesses, and their siblings, access to creative and performing arts programming which encourages the use of the creative process as a vehicle for healing, communication, self-expression, and personal development. (I actually chose this charity to give to because of your piece on them a few years back.)

I just want to thank you for listening to my story, and I want to say that as things are looking bad and seems to be getting even worse – It is going to be the American people who are going to fix this problem.

Best Wishes,
Jeremy Parker

Wow.  Talk about creative business models.smile_wink  The discount is quite deep, 100 points on the DOW is nothing percentage-wise, yet it earns a 10% discount on your tee-price.  The company maximized the “DOW-insurance” program at 700 points, which would equate $35.  Is this a funny way of declaring the true bottom price of $20? 

There are a lot of open questions I have not verified around whether customers actually received refund checks, how market rallies may interfere with the calculation ( is there a specific “date of record” or duration  the DOW has to stay low), etc.

Still, I wanted to share this story as an example of thinking outside the box: a virtue a lot of startups (and established businesses) need nowadays to survive in the face of recession.  I don’t know if Jeremy will be running Tees and Tats a few years for now – but I am quite sure he’ll be running something.  He’s an Entrepreneur.

Filed Under: Startups · Tagged: , , , , , , , ,
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Startups: Present at Under the Radar

Posted on March 18, 2009 ·

Under the Radar is Silicon Valley’s most established startup debut platform: a conference series organized by Dealmaker Media (for those with a longer memory, they used to be IBDNetwork) , covering business applications, social media, entertainment, mobility..etc.

The 11th Under the Radar conference in Mountain View, CA on April 24, 2009 will focus on Cloud Computing and Business Applications and as such it’s an obvious fit for CloudAve – media partners for the event.

While a conference in name, it’s actually a giant Startup Launchpad – the American Idol of startups.  Typically 32 finalists are selected, who will present in a rapid-fire format  – they are grouped in categories of 4 each, in two parallel tracks  and each presenter has about 15 minutes. They get grilled by the judges and audience, and at the end of the conference the winners of each category are announced. 

But why bother in the middle of the worst recession most of us have seen?  After all, no startups get funded now – you may think.   Well, if you think VC investment all dried up, just look at these two UtR companies picking up $27M in funding.   In fact Dealmaker Media claims that in the past 3 years alone, presenting companies have gone on to raise over $1.36 Billion. Some additional stats on Under the Radar “graduates”:

49% have gone on to raise funding or be acquired
14% have been acquired by companies such as Google, eBay, Microsoft, Yahoo and Cisco
$14 Million average has been raised by presenting companies

I guess the Dealmaker name is justified, after all smile_regular.  Other than the presentations, these events are also an excellent networking opportunity amongst the 400 or so attendees, so let’s look at the previous years’ attendance statistics by provided by Dealmaker Media:

http://sheet.zoho.com

It certainly looks like the right crowd to mingle with for investment-hungry startups.  Currently about half the slots are filled by these finalists:

Ctera, Eucalyptus, Heroku, New Relic, Sauce Labs, Symplified, Tap In Systems, Twillio, uTest, Virsto Software, Zephyr, Zetta, Zimory, Zuora.

Obviously that means there is still room for more.  So if your startups fits one of these categories: 

Cloud Infrastructure | Platforms | Virtualization | Saas | Mashups | Collaboration | Communication | Business Apps | Development Tools (Utilities, OS, etc…) | Mobile Office | Semantics | Commerce | Social software/ networks | Sync (online/offline)

and meets the general criteria:

  • Unique value proposition
  • Ability to monetize product/business
  • Large market opportunity
  • Must still be considered "under the radar" – launched in 2009
  • Company must be an actual startup – not a new product from a large company

then what are you waiting for?   Apply now to present at Under the Radar.  Non-presenting attendees can register here.

We will talk about UtR more over @ CloudAve – it will no doubt be an exciting competition.

(Cross-posted from CloudAve.  To stay abreast of news, analysis and just plain opinion on Cloud Computing, SaaS, Business grab the CloudAve Feed here.)

Filed Under: SaaS, Social Networking, Startups · Tagged: , , , , , , , , , , , , , ,
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*Chirpy, Chirpy – New Twitter Client DOA.

Posted on January 28, 2009 ·

*chirp (won’t that asterisk in the front backfire with some search engines?) is supposedly the best, cutest, Twhirl-killer mother-of-all Twitter Client.  Except it’s Dead On Arrival. Read the full story here…

..and in the meantime a little consolation prize:

Filed Under: SaaS, Startups · Tagged: , , , , , , , ,
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Startups, Remember: Transparency, Transparency, Transparency

Posted on January 17, 2009 ·
  • How can people even think of launching a service without revealing the price upfront?
  • How can they expect users to go through the hassle of signing up, installing software, only to find the price info after all this?
  • Why do people still fall for this?

I’m discussing the above and more using Zumodrive’s launch as case study over @ CloudAve – read the details here.

Filed Under: Marketing / PR, Startups · Tagged: , , , , , , , , , , ,
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The Tale of Two Notebooks, and Yes, It’s All About Earning a Buck

Posted on January 15, 2009 ·

One down, one running better than ever.  Thanks to the irony of TechMeme, the two news are juxtaposed almost side by side:

I’ve never considered these two Notebooks comparable, despite the common name.  Google’s one was your web-based post-it notes, barebones, easy to use.   Zoho’s version is a full-featured multimedia application to create, aggregate, share, collaborate on just about any type of content easily, be it text, database, spreadsheet, image, drawings, audio, video – you name it.  It offers a lot more, but may be “too much” if all you want is the yellow stickies.  The two apps serve entirely different needs. But I don’t want to focus on the products here, did it before: Not All Notebooks Are Created Equal.

Let’s talk about the economics: Google is simply ditching some of the money losers which is clearly the right strategy in a recession when it saw it’s primary revenue source, advertising drop radically.  A while ago (before the economy collapsed) Zoho CEO Sridhar Vembu provided great insight into why getting into applications does not make much financial sense for Google, whereas it is Zoho’s primary business.  Today we’re seeing that logic in action.

Of course  Google is not the only one, we’re seeing startups shut down service, or give up the free-for-all principle and start charging for their services.  Over at CloudAve we’ve discussed Jott as an example, but there are many others.   We may have enjoyed all these free services, but deep down had to predict this bonanza would not last forever. It’s time for rationalizing business – after all, it’s all about making a buck.

Update (1/20/09):  Surprise, surprise! (not really).  Zoho came out with a tool to import your Google Notebook data into Zoho Notebook.

Update (1/22/09) Two days later here comes Evernote with an import process.  Who’s next?

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Filed Under: Business, Collaboration, Personal Productivity, SaaS, Startups · Tagged: , , , , , , ,
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Crunchies 2008: Whatever Happened to Startups?

Posted on January 12, 2009 ·

There were two Golden Globes ceremonies this weekend: one for movies, and one for Technology.  The latter, the Crunchies took place in San Francisco

At the first Crunchies I asked: whatever happened to business software?

This year the question is: whatever happened to startups?

Continue reading …

Filed Under: Startups · Tagged: , , , , , , , , ,
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Under the Radar: Call for Startups in Cloud Computing & Business Applications

Posted on January 12, 2009 ·

Under the Radar is the Silicon Valley’s most established startup debut platform: a conference series organized by Dealmaker Media, covering business applications, social media, entertainment, mobility..etc.

The 11th Under the Radar conference in Mountain View, CA on April 24, 2009 will focus on Cloud Computing and Business Applications and the organizers have issued a CALL FOR COMPANIES to present.

The general criteria for all UTR events:

  • Unique value proposition
  • Ability to monetize product/business
  • Large market opportunity
  • Must still be considered "under the radar" – launched in 2008
  • Company must be an actual startup – not a new product from a large company

Typically 32 finalists are selected, who will present in a rapid-fire format  – they are grouped in categories of 4 each, in two parallel tracks  and each presenter has about 15 minutes. They get grilled by the judges and audience, and at the end of the conference the winners of each category are announced.   Categories for the April event are:

  • Cloud Infrastructure
  • Platforms
  • Virtualization
  • Saas
  • Mashups
  • Collaboration
  • Communication
  • Business Apps
  • Development Tools (Utilities, OS, etc…)
  • Mobile Office
  • Semantics
  • Commerce
  • Social software/ networks
  • Sync (online/offline)

If you’re building a startup, meet the criteria above, will have a real product / service out by April, don’t hesitate:  APPLY.

See you in April!

(Cross-posted from CloudAve – to stay on top of Cloud Computing news, analysis and just our opinion, grab the CloudAve Feed here)

Filed Under: Business, Collaboration, SaaS, Startups · Tagged: , , , , , , , , , , , , , , ,
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