A Few Months, Pizza, Passion & Hard Work = TechStars DemoDay

April 15th, 2011 by Caroline Scheinfeld View Comments

Harvard and Yale acceptance’s rate look pretty good compared to the competitive NY TechStars incubation program, which only accepts 11 companies out of 600 applications. Yesterday, investors and other eager guests gathered at Webster Hall to witness the result of a few months of sleepless nights, hours glued to computers and an exuberant amount of brainstorming. The 11 companies, which constitute the most recent TechStars NY group each pitched their sites with the hopes of closing their first rounds. The CEO’s of each company captured the attention of the audience members ranging from the select older men dressed Don Draper-style to the majority of youngsters in Mark Zukerberg-esque garb. The bystanders were not all men, but for someone used to the fashion industry (me), the amount of women in the room seemed inconsequential.

David Cohen and Brad Feld started Techstars in Boulder, CO but spread the funding and mentorship to Seattle and New York City. David Tisch, ran this NY session flawlessly resulting in businesses with great teams, strong ideas and sufficient markets.  Angels, institutional investors and other big tech names ooed and awed at the entrepreneurs’ blatant passion and ability to solve current problems online.

When evaluating startups, consider whether or not a current problem is being solved. How will this make my life easier and more convenient? Other important points of diligence include an intense evaluation of the team. If an idea is great and a market exists, one might assume success but not so fast…TEAM IS EVERYTHING. Demo Day enabled potential investors to not only get a glimpse into their businesses but also get a feel for the entrepreneurs’ personalities.

Demo Day truly confirmed the expansion of the start-up industry…with the instability of the corporate world, it seems many took the road of sacrificing fat pay checks in return for passionate jobs and a long journey to an exit.

Share

Rocking an Anchored Boat – Summit at Sea

April 14th, 2011 by Caroline Scheinfeld View Comments

Take a cruise ship filled with 1000 people who don’t follow rules, innovate and provide hope for the future, and you get Summit Series 2011. On Friday, April 8, 2011, motivational speakers, techies, V.C.’s, entrepreneurs, actors, musicians and fashionistas left Miami for a weekend filled with sun burns, sand, speakers, networking and outstanding performances. As someone quite frightened by the idea of a cruise, to me, aka confinement on one large vessel for three days, summit series was to say the least, intimidating. With sea bands, Dramamine and 1000 interesting people, I soon forgot I was trapped amidst the Atlantic Ocean and became inspired by those on board. Summit Series’ motto could not have summed up the experience better, “Three days. One voyage. An ocean of possibilities.” Summit Series organizes and hosts events, which are invitation only with the goal to inspire and connect a new generation of successful leaders professionally and personally.

Sir Richard Branson kicked off the weekend along with talented pianist Eric Lewis, tech investor Chris Sacca, Tom’s Shoes Blake Mycoskie and renowned therapist Sean Stephenson. Those two and half hours completely rocked the boat before we even left the port. Talk about influential, inspiring, motivating, brilliant and thinking outside of the box. We hadn’t even been on the boat for more then a few hours and I was already in overwhelm overload if that even makes sense in the English language. Chris Sacca’s interviewed Branson capturing Branson’s uniqueness. Sir Richard Branson could have the most interesting life, with sentences like “I was just feeding a tiger with a bottle,” leaving the crowd roaring with laughter (pun intended) or “A hotel underwater might sound crazy now.” If I had any doubts about my ability to survive on a boat for 3 days, Tom’s shoes Blake Mycoskie certainly rid me of those as he’s been living on a boat for three years and could not be happier or more successful. Blake started Tom’s shoes, which not only sells cool slip-ons, but for every purchased pair, Tom’s donates a pair to a child in need. Pianist extraordinaire, Eric Lewis, played a myriad of songs without every sitting down. The last speaker of the first night, Sean, might be three feet tall and wheelchair bound, but he was one of the most charismatic and projected speakers I have ever witnessed. With his zest for life, Sean stressed the importance of eliminating the ego, confidence verse arrogance and it’s not the container but what’s inside. The impressive list of speakers and performers continued over the next three days including CEO of Zappos Tony Hsieh, Russel Simmons, designer Rebecca Minkoff, Shai Agassi and a myriad of others. Gary Vaynerchuck, founder of Vayner Media and Wine Library, not only made me laugh uncontrollably but also has a pretty unconventional fairy tale ending type story line showing people anything is possible. He turned a small liquor store into a multi-million dollar business by combining customer service and technology.

Not only were the speakers great, but the workouts and dance sessions were also unparalleled. NFL linebacker Dhani Jones kicked our asses on the beach with a pro-athlete beach workout. I thought I was fit until Dhani made us do suicides in the thick sand and wheelbarrows. To calm down after a day filled with countless amounts of information, Imogen Heap performed her incredible vocal range along with slight interludes of comedy and DJ Cassidy, ?uest Love and The Roots had everyone fist pumping on the boat deck’s dance floor.

The most ironic part of the trip was the boat lacked phone service and wifi, yet was filled with techies, early adopters and Internet dependent people. When an announcement was made on the loud speaker mentioning the word “wifi,” everyone stopped moving, the boat was so quiet, you could hear a pin drop. Despite our lack of connection to the outside world, we all managed to connect with each other in a powerful and inspirational way.

One of the most significant lessons I brought back to shore was the importance of organic networking. In many foreign languages, the word “network,” does not exist and often confuses those due to its inherent artificiality. The idea of going to an event with the sole purpose of “networking,” is quite a perplexing convention. While speed networking and other organized forms of meeting did take place on the boat, the relationships I developed were serendipitous. In order to meet women, I didn’t have to rely on the women’s happy hour but simply met people online for the ladies room or sitting by the pool.

Talks about our generation being a failure or letting global warming take over were completely negated on this trip. I was in awe of the people on this boat who were not just talkers but doers. These people don’t just want to solve the world’s most crucial problems, they are. From electric cars, to happier workplaces to overcoming the ego, every panel and discussion dramatically altered my thoughts on the world.

I have to thank the Summit team for truly capturing the innovation, creativity and brilliance that exists today. They inspired me to think outside of the box and illustrated that ideas do not have to be restricted to the minds but can be executed.

Share

The NY Angels are Listening!

March 25th, 2011 by Jay Levy View Comments

Yesterday I praised Adam Neary for his willingness to share his fundraising experience. Entrepreneurs are often scared to ‘out’ VC’s due to negative repercussions.

NY Angels, was a group criticized heavily in the post .  Following the article I tweeted to David Rose, Chair of NY Angels the following:

Today, I received a call from Brian Cohen, a friend, a colleague and the Vice Chairman of the NY Angels, in reference to my tweets.  Concerned, Brian wanted to better understand the underlying reasons for my tweets and my overall thoughts about the NY Angels. It quickly became apparent to me Brian is aware of shifts in early stage funding and wants to see NY Angels evolve accordingly.

I believe that angel groups are an important part of the NY Startup EcoSystem as they bring great smart, successful eager to help people together with fledging entrepreneurs.  I want to see NY Angels succeed and be recognized as a leader along with the rest of us in early stage funding.  Given Brian’s openness to critique and candor I’m excited to offer any assistance they would like in the reinvetion of the NY Angels and hope the rest of the NY Startup EcoSystem does the same!

Share

Day 2 of Launch… Launch off your chair and MEET PEOPLE!

February 24th, 2011 by Caroline Scheinfeld View Comments

Day 2 of the Launch conference, I realized the power of social networking not just online but off. The real world version of “friend me” is here’s my card shoot me an email, but exchanging cards is not enough. Engage with those in your environment. Freezing in the main atrium of the Launch conference I began a conversation with another attendee who was also trying to shake the chill. This real-world social networking led to invaluable advice. Too frequently, people cling to their smart phones/lap tops and avoid in-person contact. Talented entrepreneurs occupy the stages and booths, but attendees are just as significant. The art of direct conversation beyond a keyboard or screen has become an almost extinct behavior. While society has become dependent on technology, we must not forget to interact with the people in our environment minus our gadgets. YOU NEVER KNOW whom you’ll meet and their effect. I conversed with someone who provided different investment strategies confirming the importance of human capital. As a population, we must not overlook the power of PEOPLE and direct communication. Technology is wonderful. It has created more efficiency and illustrated untapped needs we never knew we had. An idea, a site, a company are only parts of the puzzle. The glue and MOST essential part is the TEAM.

Everyone loves social networks because they provide communities, why not leverage a real world community and combine interpersonal skills with the viral effect of the Internet. Like a demo you saw? Blog about the company! Spread the word! Transfer your real life connections to the online space. Leverage the viral nature of the Internet, but first, use your voice and meet people offline!

Do not just take, give! If we love communities online lets act like one!

Share

Day 1 of Launch Conference… It’s a Blast!

February 23rd, 2011 by Caroline Scheinfeld View Comments

Entrepreneurs, Entrepreneurs, Food, Great Ideas, Entrepreneurs and Great Ideas neatly summarizes day 1 of theLaunch Conference. The Bay Area incubates some of the best start up companies, some of which presented at The Launch Conference in San Francisco. While a number of the Launch companies are based in the bay area, other companies traveled from Africa, London, Singapore, and a myriad of other International/Domestic cities. The companies presented a breadth of ideas, ranging from new event meetup sites to real time location based textmessages. Two sites stood out as completely unique and useful: GreenGoose and TripBod.

GreenGoose would have been useful during the childhood days of parents rearing children maintain personal hygiene. Remember the days of parents badgering you to brush your teeth, drink lots of water, exercise, and take your vitamins??? GreenGoose enables you to fulfill all of those tasks but earn points for them as if life’s a game. GreenGoose transforms mundane human behaviors into fun activities, which can be tracked. Who knew, brushing your teeth could be an online game? GreenGoose is not only fun for competitive healthy lifestylers but also provides marketing channels for big brands. For example, if you rack up the vitamin user points, the Vitamin Shop might send you coupons or suggestions to take additional vitamins to maintain your health. GreenGoose sends you sensors marked appropriately for water, tooth brush etc, which you place on the specified objects in order to keep track of your usage. Finally, being recognized for making healthy choices not only benefits your body but earnsGreenGoose points!!!

While GreenGoose monitors/motivates wellness, TripBod improves travel. Ever travel to a city and feel your experience and wallet are being ripped off? Desire to be a part of the local vibe of a city rather than be at the mercy of a Hotel concierge? Check out TripBods, a London based company, which couples travelers with locals who reside in the city intended for visit. The locals, known as the TripBods, are paid to assist travelers in planning an itinerary. The TripBods peel away any tourist element of a city, revealing the delectable fruit known as the local experience. Resturants, stores, bars and other activities untapped by tourists are revealed by the TripBods. You can live like a New Yorker rather spend three days in Times Square buying I HEART NY junk, you overpaid for and will never wear.

Visit www.greengoose.com and www.tripbod.com

Share

About Jay Levy

Jay Levy

Jay Levy is a co-founder and principal of Zelkova Ventures. Jay focuses most of his time in working with the current portfolio company and looking at new investments in the software-as-a-service, internet media and green tech space. More »

Send us a Tweet

Close

Join Our Mailing List

* indicates required field