Posts tagged Startups

Wahooly - Trade Influence for Equity

There’s an interesting experiment afoot in the startup community, which poses the following questions to entrepreneurs: Would you be willing to trade equity in your startup in return for social media buzz, and customer feedback? How much, if any, would you fork over? Minneapolis-based startup called Wahooly is both asking those questions — and proffering a few answers.

Soft-launching in late September, Wahooly set out to create a platform on which socially-connected and early adopter-types, who are not accredited investors, can grab a small stake in up-and-coming startups by sharing their influence in exchange for a piece of the action. The goal: To help address one of the biggest obstacles encountered by early-stage companies — traction.

From TechCrunch

More on Wahooly

JackedPack: Sample the best in sports nutrition with a curated box of the best samples sent right to your door each month.

My good friend’s New York City based startup, JackedPack, sends a curated box of sports and nutritional supplements to you once a month for either $5 or $9.50/month depending on the plan you select. I’ve been using it for a couple of months and the stuff they send you is high-quality and really good value.

Senate Passes Crowdfunding Bill 73-26 (With Protections)

Well, this just in from a dispatch on Capitol Hill: The Senate has passed legislation that will essentially legalize crowdfunding in startups by practically anyone, even your mom. U.S. Senators Scott Brown (R-Mass.), Jeff Merkley (D-Oreg.), and Michael Bennet (D-Colo.) collectively introduced the “CROWDFUND Act” (S. 2190) earlier this month, which adds measures to the House of Rep’s now well-known JOBS Act to ensure that companies would be able to use SEC-approved crowdfunding platforms to raise money from “small-dollar investors.”

While the CROWDFUND Act passed 73-26, and received bipartisan support, as one might expect when the potential for any old investor to enter the well-guarded circle of angel investing (especially in Silicon Valley) comes around, both the JOBS Act and the CROWDFUND Act have been controversial in the business community. Many worry that lowering the barriers to investing in startups could increase the amount of fraud inherent to the process.

With these dangers in mind, certain measures have been written into the bill to protect both startups and their non-accredit investors. Under the amended legislation, entrepreneurs will be able to raise up to $1 million per year through SEC-registered crowdfunding portals. The bill also limits the amount of money people can invest based on their income.

For example, investors with an income of less than $100K will be capped at 5 percent, or $2K investments, and those with incomes over $100K will be capped at 10 percent, or $10K. On top of that, the bill also requires crowdfunding sites to provide protection, including investor education materials that inform people to “the risks associated with small issuers and illiquidity.”

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Wavii: See a sneak peak and get early access

Wavii is not yet open for sign up, but you can get started early.

https://wavii.com/i/yNXDh

that will dennis guy: Get Your Website Built for $150

Truth.

willdennis:

…oh and about 2.5 months of your own hard work. Why? Because paying someone to develop a website for you is a rip off and because finding a technical cofounder is a pain in the ass. Stop pitching your idea and start building.

I had zero technical skills prior and here’s how I went about learning Ruby on Rails and CSS. 

Expenses

Expense 1. Purchase Text Mate for $58 (less if you are a student)

Expense 2. Purchase Michael Hartl’s Rails Screencast and PDF Bundle for $95

Resources

First, read this post by Nate Westenheimer about…

Lead, Follow or Get the Fuck Out of the Way

Throughout life I’ve realized that many people are back benchers. “That will never work” is their motto. They like to criticize but they don’t have strong ideas of their own. They “know” what’s wrong but they never do anything about it. They never lead. Yet they don’t follow.

When you spot people like that in your company you shoot them. If you wake up one day in any organization and you realize that you’re no longer “part of the solution” it’s time to get the fuck out of the way. This is especially true when you’re senior and too many people are looking at you or when your disbelief undermines the confidence of others.

When you get the fuck out of the way you either find out that the other leadership was right or you get the chance from the outside to later say they were wrong.

In work I find nothing more irritating than people who always have their three critiques of your plan but never do anything themselves. I don’t hide it well. I have “get the fuck out of my way” written all over my forehead. It can be a weakness, sure. It makes me less of a politician. But I sleep better at night.

-Mark Suster

The State of Venture Capital and the Internet

Mark Suster’s keynote presentation at the VCJ Venture Alpha conference on the state of venture capital and the Internet.  It’s an interesting presentation on the direction of VC and the Internet heading towards bring together television and the web.

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Former Googlers Launch Yatown, a New Local Social Network for Neighbors

baohouse:

Available today in 192 thousand neighborhoods across America, Yatown is bringing communities closer together by re-acquainting neighbors in providing a single, well known place for users to go and immediately “see” one another in an online “townsquare.”

“Yatown was born out of our own frustration in connecting to our neighborhoods online. We had to locate obscure mailing lists or antiquated and poorly maintained websites,” said CEO of Yatown, Christopher Nguyen. “People have been trying to solve this problem through services like Ning and other build-your-own-social-network sites, or Facebook groups. These approaches don’t work for three reasons: they’re too much work to set up, too difficult for neighbors to find, and people do not associate existing sites with their geographic neighborhood.”

So who is Christopher Nguyen?

Christopher Nguyen is CEO & co-founder of Yatown. His expertise is in managing teams and large-scale systems. Christopher has co-founded two other successful start-ups, ACTGENT, and Agenda-Asia. He was CEO at Bluepulse, a venture-backed mobile start-up. At Google he was the Eng Director responsible for the operations of Google Apps (GMail, Calendar, etc). He is a recipient of the Google Founders’ Award.

Christopher was also a professor at HKUST where he helped launch their Computer Engineering program. He was an undergrad at Berkeley and got his PhD from Stanford.