Wednesday, March 21, 2012
Think Big Field Trip: At This Moment!
A few weeks ago, we announced the Think Big Field Trip: a three-day excursion with 10 of the Midwest's most promising startups to Silicon Valley. While in the Valley, startups will have the opportunity to pitch at the Silicon Valley Bank Seed Showcase, present at the Think Big Showcase and meet one-on-one with investors from the Bay-area to talk numbers.
And this is all happening at this very moment.
The Think Big Field Trip is starting right now with the Silicon Valley Bank Seed Showcase at the Rosewood Hotel in Menlo Park, California. That means that at this very moment, one of the 10 Midwest startups is standing up in front of a large number of big-time, Silicon Valley investors. That means that right now, Midwest entrepreneurship is making at name for itself out in the Valley.
Until 1:00PM (PST) today, the 10 selected Midwest entrepreneurs will continue to prepare, pitch and network with some of the most influential people in the startup world today. Following the Silicon Valley Bank Seed Showcase, startups will be escorted to the Mozilla Foundation where they will learn about the WebFWD and Mozilla Ignite programs. Then, these Midwestern startups have the chance to attend a meetup in Silicon Valley called the SF New Tech Spring Fling at Mighty.
Tomorrow won't slow down for these Field Trip companies either. Think Big Partners has lined up a handful of investors from the Bay area to participate in the Think Big Showcase, where the startups have another chance to practice and pitch their business ideas.
On Friday, it all comes together. The Field Trip companies are invited to schedule follow-up meetings with interested investors from the Bay area.
All the way from Kansas City: best of luck to our Field Trip startups!
Follow Think Big! @thinkbigKC
Follow me! @AllisonThinkBig
Tuesday, March 20, 2012
What Are the 50 Fastest Growing Companies in the Midwest?
Not all good ideas come from Silicon Valley. If they did, why would Kansas City be making such a splash with startups like LiveOn, AgLocal, Audio Anywhere and KlinkMobile? If all good ideas came from Boston and Austin, Google would not have chosen Kansas City as its launchpoint for Google Fiber. And if all good ideas only came from the Bay area, organizations like the Kauffman Foundation, PIPELINE, KCSourceLink and Think Big Partners would not exist.
Five Elms Capital is on a mission to honor those companies that help make the flyover states prosperous. Introducing the Flyover 50: the 50 fastest growing companies in the middle of the country.
Companies from the flyover states (Arkansas, Colorado, Iowa, Illinois, Indiana, Kansas, Kentrucky, Louisiana, Michigan, Minnesota, Missouri, Mississippi, North Dakota, Nebraska, Ohio, Oklahoma, South Dakota, Tennessee, Texas and Wisconsin) are invited to apply for the Flyover 50 contest, in which they will be ranked according to their percentage of revenue growth. To apply, companies must have brought in annual revenue greater than $1 million in 2011. All revenue and growth figures used in Flyover 50 applications are confidential.
Winners of the Flyover 50 will receive an honorary plaque at an awards banquet as well as a press packet with the Flyover 50 logo for their website and marketing materials. In addition, winners will receive free services from Flyover 50 sponsors (including Think Big Partners!).
Flyover 50: another reason why entrepreneurship (and startup success) in Kansas City is continuing to grow. To learn more, please visit www.flyover50.com.
Follow me! @AllisonThinkBig
Monday, March 19, 2012
008 Think Big Radio: Blake Miller's StartupBus Experience
Blake Miller, partner and web developer at Think
Big Partners, had the opportunity to travel from Las Vegas to Austin, Texas on
StartupBus—a 72 hour roadtrip-meets-hackathon.
Along the way, Blake collaborated with other “buspreneurs” to build and
launch a website while heading down to South by Southwest in Austin. Blake sat down and told Think Big Radio all about his StartupBus experience...
008 Think Big Radio: Blake Miller's Startup Bus Experience
REVIEW US! We want to hear what you think of Think Big Radio. Give us a review on iTunes.
REVIEW US! We want to hear what you think of Think Big Radio. Give us a review on iTunes.
Follow Blake! @BlakeMiller32
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Friday, March 16, 2012
007 Think Big Radio: Sarah's GCUC Experience
In this episode of Think Big Radio, Sarah Snyder (meeting planner for Think Big Partners and manager of the bizperc coworking space) dives deep into her experience at the Global Coworking Unconference Conference (GCUC, pronounced "juicy") last week in Austin, Texas. Listen up, tune in and Think Big with Sarah and she talks about who she met, what she learned and why she loves to cowork in Kansas City.
007 Think Big Radio: Sarah's GCUC Experience
REVIEW US! We want to hear what you think of Think Big Radio. Give us a review on iTunes.
REVIEW US! We want to hear what you think of Think Big Radio. Give us a review on iTunes.
Follow Sarah! @SarahThinkBig
Follow Think Big! @thinkbigKC
Thursday, March 15, 2012
The 4 Characteristics VCs Look for in Startups
According to research done by the U.S. Bureau of Labor Statistics, nearly 60% of new businesses shut down within the first four years of operation. With these slim chances, it seems even more impossible to get funded. But don’t run off to the corporate world yet, entrepreneurs. Instead, check out the top four things venture capitalists look for when selecting a startup to fund:
- A Coachable and Passionate Management Team
When venture capitalists set out to invest in new projects, they first examine the brains behind it all. Whether your business is run by an individual, a partnership or small management team, the VC wants to be confident that the business is built on a solid foundation. Venture capitalists look for management teams that are goal-oriented and coachable. If the management team is not willing to learn from the VC, the collaboration needed to grow the business is difficult, if not impossible, to establish.
Two important characteristics that entrepreneurs need to be successful are resiliency and emotional intelligence. Resilient entrepreneurs exhibit passion and are the driving force behind the business and its employees. Entrepreneurs who have emotional intelligence also have the intuition to know when to pack up and move on to the next, more viable idea. Great entrepreneurs understand that making mistakes is part of the job description. Venture capitalists value entrepreneurs who can learn from failure and can use it as a motivator.
- Realistic Business Plans and Expectations
An entrepreneur must write a clear and concise business plan that defines what product and/or service their business offers. Although a long, detailed strategy is not always necessary, a solid written plan assures investors that the entrepreneur has calculated the potential opportunities, risks and competitors in the marketplace. Having the official business name, description, competitive analysis and goals clearly outlined in the business plan will be helpful in the long run.
More often than not, startups take twice as long to get off the ground and cost twice as much as the founders expect. Clear predictions and correct expense calculations are crucial for establishing a business’ credibility to potential VC’s. For more information on what (and what not) to include in your business plan to attract the right VC, see 5 Business Plan Mistakes that Send Investors Packing.
- Ability to Problem Solve and Scalability
Venture capitalists look for businesses that have long-term viability. Successful startups must be scalable in nature (in other words, they must possess the ability to grow and perform with consistent quality). Venture capitalists look for businesses that solve problems that are financially worth solving. The idea is not relevant, or financially viable, if there is not a sizeable, addressable market that cares about the problem the business is trying to solve. The business needs to provide a service that people are willing to take action on, right now.
At the same time, it isn’t just the idea that is important. In fact, the process could possibly be the most critical for a startup. Herb Sih, startup consultant and co-founder of Think Big Partners, advises that “entrepreneurs seeking to gain funding from a venture capitalist should remember not to fall in love with their idea, but instead fall in love with the idea of solving their problem.”
Business success is not always measured by an end result, but how the leaders react to the obstacles along the way. The ability for an entrepreneur to rebound after failure is an indicator that he or she will be successful in the future.
- Mutually Beneficial Relationship
Venture capitalists are not all the same. At the end of the day, the business in question should fit into the VC’s overall portfolio and the relationship should make sense for both parties. But how can entrepreneurs connect with venture capitalists in the first place? To many, they seem extremely difficult to find.
There are a handful of guidelines about what not to do when approaching investors. One of the worst ways to attract venture capitalists is by unsolicited email. Many times, this demonstrates that the entrepreneur has not done the appropriate research. If you have a particular VC in mind, find a way to get connected through professional acquaintances or at networking events. Use professional social media platforms like LinkedIn to stay connected after the initial meeting and attempt to develop a professional relationship through social media. And always keep in mind that whether the benefit is high margins, proprietary, patented technology or a different advantage, a VC ultimately cares about their return on investment - and how soon they will get it.
Securing adequate funding can be stressful and time consuming. If you focus on these four tips while planting your small business seed, you will reap the rewards of a credible VC and valuable capital!
Follow Think Big! @thinkbigKC
Follow me! @AllisonThinkBig
Wednesday, March 14, 2012
Silicon Valley Knows a Secret: It's Okay to Fail!
WRITTEN BY TYLER PROCHNOW, CO-FOUNDER OF THINK BIG PARTNERS
Right or wrong, there is a perception in the entrepreneurial/startup space that when looking for a place to start a technology business, there is Silicon Valley and then the rest of the country. There is a commonly held belief, that most, if not all of the innovative and disruptive technologies being developed today come from roughly 1,500 square miles of northern California. Perhaps the biggest question from the rest of the country is “Why?” Sure, the Valley has a number of built-in advantages, including (in no specific order (i) a concentration of incredible research institutions; (ii) a robust job market; (iii) a highly skilled labor force; (iv) a well-established capital community; and (v) a pretty decent climate. But other cities have many of these elements as well. So the questions remains: What makes Silicon Valley the hub of innovation and more importantly, how can the startup environment that has been built there be replicated in other cities?
Right or wrong, there is a perception in the entrepreneurial/startup space that when looking for a place to start a technology business, there is Silicon Valley and then the rest of the country. There is a commonly held belief, that most, if not all of the innovative and disruptive technologies being developed today come from roughly 1,500 square miles of northern California. Perhaps the biggest question from the rest of the country is “Why?” Sure, the Valley has a number of built-in advantages, including (in no specific order (i) a concentration of incredible research institutions; (ii) a robust job market; (iii) a highly skilled labor force; (iv) a well-established capital community; and (v) a pretty decent climate. But other cities have many of these elements as well. So the questions remains: What makes Silicon Valley the hub of innovation and more importantly, how can the startup environment that has been built there be replicated in other cities?
In my role with Think Big Partners,
I am fortunate enough to meet almost daily with incredibly sharp, incredibly
talented and incredibly motivated entrepreneurs who are sure they are on track
for building the next big thing. Their
enthusiasm and commitment to their idea/business is inspiring and one of the
best things about being a part of an organization like Think Big. While most of the entrepreneurs and a majority of the meetings are here in the Heartland, we have developed a very
solid strategic partnership with several key players in Silicon Valley. As such, I have had reason to interact on a
relatively steady basis with some of the power players in the Valley over the
past eighteen months. In that time, I’ve
noticed one very important aspect of the culture in the Bay area that does not
exist here in Kansas City or in any of the other cities we work in. It’s an attitude that is born out of
entrepreneurial activity and one that is difficult to develop on your own. The key ingredient: IT’S OKAY TO FAIL!!
No one likes to fail. No one sets out to fail. For most of us, we are taught at a very early
age that failure is bad. Failure in
school, failure in relationships, failure in sports. All of it is terrible and something to be
ashamed of. In Kansas
City and the rest of the country, the vast majority of business failures
quietly fade away and the founders are doomed to years of humiliation and
rejection. No one wants to associate
with a failure. Yet somehow, that early life
lesson seems to be nonexistent in the Valley.
Some of today’s most powerful business leaders in Silicon Valley have also
been the stewards of some spectacular failures.
Perhaps the most revered and famous failure of all, Steve Jobs, set the
stage for today’s acceptance. When Jobs
was in his first go-around with Apple, he was very publicly and unceremoniously
dumped by the Board of Directors. Very
few people who were paying attention to the tech world at that time were
unaware of the humiliation heaped upon Jobs when he was sent packing. But according to Jobs, it was a blessing. At a commencement speech at Stanford in 2005,
Jobs said, “I didn't see it then, but it turned out that getting
fired from Apple was the best thing that could have ever happened to me. The
heaviness of being successful was replaced by the lightness of being a beginner
again, less sure about everything. It freed me to enter one of the most
creative periods of my life.”
Jerry
Kaplan and GO Corp., Marc Andreessen and Loudcloud, Bill Coleman and DEST Systems--the list goes on and on. These
entrepreneurs wear their failures like a badge of honor. We’ve met with a number of VC groups in
Silicon Valley who will not invest in entrepreneurs who have not failed at
least once. It is often repeated mantra
that if four out of five of your startups don’t fail, you are not being bold
enough.
Now let’s be clear about the
concept. Failure by itself is not a
predictor of future success. Thousands
and thousands of entrepreneurs have failed because they didn’t understand their
business, they didn’t understand their market and/or they were simply not
capable of launching a business. What
appears to be pervasive in Silicon Valley is the attitude that it is only a
failure if you don’t learn from it. Many
of these spectacular failures provided the necessary learning curve that was
essential for the future successes achieved by such entrepreneurs. While
discussing a very accomplished business , a well-respected Valley
entrepreneur recently said to me, “During their startup phase, [the company] did
everything wrong, but they didn’t do it wrong for very long.” They learned from their failures and after
many years of struggling to break even, they are now a publicly traded
behemoth.
The most important aspect of
all of these examples is that the entrepreneurs didn’t read failure as an
indication of their inability to succeed.
It was what it was; a failure of that product or service, in that
market, at that particular time in history.
These entrepreneurs did not fold up their tents and go home, but rather, took the lessons learned in their failure and applied them to become better in
the next go-round.
This
is clearly something that can’t change overnight. The fear of failure is a deeply-rooted attitude
and one that will take years to change in both individuals and communities. But it is obviously something that can be
changed. The advantage Silicon Valley
has is not geographic or climatic (and thus unable to be replicated). It is in large part, attitudinal and capable
of evolving. If our institutions,
government, business, media and family can all begin to understand that failure
is not a dirty word, and can come to embrace the educational aspects of
failure, then the rest of the world can begin the process of emulating the
startup culture of Silicon Valley.
Follow Think Big! @thinkbigKC
Tuesday, March 13, 2012
My Top 6 Trends in the Coworking Industry
Anyone would jump at the chance to learn something new and meet unique, smart industry people in a cool out-of-town spot. When I discovered the Austin Global Coworking Unconference Conference (GCUC, pronounced “juicy”), I knew this would be one of those moments. And it was more than I could have imagined.
First of all, going to Austin, TX in any vicinity of SXSW is going to be 1) the perfect time to run into "startup celebrities", 2) an educational opportunity to share best practices, and 3) a heck of a good time!
But even though the majority of my Austin experience was beyond amazing, my trip had a rocky start. It all began with another crazy Kansas City snow storm which delayed my arrival to the conference by two hours. However, starting my day at GCUC during lunchtime wasn't all that bad. GCUC provided a delicious Austin barbecue lunch and by the time I got through the line, I already said hi to Campbell McKellar from Loosecubes and Liz Elam of Link Coworking (the diva behind GCUC). I sat with the Loosecubes crew and finally got to meet the faces of the people I'd been emailing for months. For the next few hours, every person I talked to had something to share that I didn't know before. More on what I learned in a bit.
The unconference/conference was packed with coworking space managers, owners and aspiring founders. But what is an unconference, you ask? GCUC was actually split into a few rooms: three unconference rooms, a conference track and a pop-up coworking space. The unconference was determined by the attendees themselves by selecting a topic, time and room and that's what built the agenda for the day.
1. Community is one of the most powerful tools to operating a successful space. A sense of belonging does multiple things: members keep each other accountable to be productive, be on good behavior and achieve stellar collaboration. It’s also a great way to recruit new members. As NextSpace says, “Working Alone Sucks!” When people make the switch to being an entrepreneur, one thing they miss the most about the office is having unexpected conversations (sometimes those are the best kind!), eating lunch with coworkers and energy through interaction. A coworking space community brings the best pieces of bringing coworkers to the entrepreneur.
2. The software and technology solutions for coworking spaces is about to dramatically increase. Up until the past few months, the technology tools specific to operating a coworking space have been slim pickings. Therefore, many spaces build their own on simple solutions like Google Docs. But now, multiple companies are answering this market opening. Desktime, deskwanted, and cobot, to name a few, are in process of building what they think is best for owners and managers (if you want to share your feedback with these companies, do it now and get an almost customized software solution!). Features for software management tools include internal social networks, payment mechanisms, issue reporting, forums, check-in stats, capacity tracking, mobile access and more. Hardware solutions penetrating the coworking world include internet portals for controlling bandwidth and tracking who is using the Internet, key cards/codes for entry, and security systems on building (insurance rates go down!). Aspects of managing a coworking space should soon become simpler with the new developments.
3. There is an increasing trend of collaborative consumption. There has been a societal shift in the comfort level of sharing. Companies like AirBNB and Zip Car, along with coworking spaces, have inspired a change in the industries of travel and work. Renting out your house and office or renting a car by the minute is no longer a radical idea. Instead, it is a unique way to meet new people, save or even make money and lower a footprint on the environment. The market for companies with the “collaborative” nature is on the rise. Therefore, the market for coworking spaces is doubling each year according to deskmag’s recent Global Trends Survey.
4. A coworking space and the people working there can match each other. In the early-adopting markets like San Francisco and New York, there are enough options of coworking spaces now, and some of them even have themes, are industry specific or cater to a stage of entrepreneur. When the “right” liked-minded people collaborate, beneficial relationships can be made. Iris Krivnaugh of NextSpace says, "Don’t stop marketing, even when you’re full." Coworking spaces should continue the effort to attract the right people. In addition, members should try multiple spaces to see which feels right to them. What makes a space and a member the “right” match? Both need to be specific about what their needs and resources are. In smaller markets, this may not be possible now with the available options, but keep in mind: the market is growing!
5. There is an unsolved problem for employment benefits for entrepreneurs. The options for health insurance, disability insurance, retirement funds and the like for entrepreneurs and startups are slim to none. Innovation is clearly needed to create options for the growing self-employed industry. Insurance companies need to find new ways to offer benefits packages on an entrepreneur’s budget.
6. The flyover states and the Midwest are hungry for public education on coworking. There is a gap between the coastal and the Midwest coworking spaces. The large, early-adopting cities have markets more willing to try and demand coworking opportunities. Coworking spaces in the less progressive markets have to work harder to reach full capacity because there is an extra hurdle to educate the general public on the benefits. A discussion about a coworking association or alliance was a hot topic at GCUC. There is a desire for the creation of an organization that shares best practices, educates the public and sets industry standards. At the same time, others are weary of a “corporatization” of an industry built on a unique, non-corporate place to work.
Events like GCUC are where many important conversations happen and hopefully some action towards innovation and growth will positivity impact the (un-hyphenated!) coworking industry. I truly enjoyed meeting other coworking managers, owners and aspiring founders and look forward to collaborating throughout the next year.
Read more on GCUC from deskmag's perspective here.
Follow me! @SarahThinkBig
First of all, going to Austin, TX in any vicinity of SXSW is going to be 1) the perfect time to run into "startup celebrities", 2) an educational opportunity to share best practices, and 3) a heck of a good time!
But even though the majority of my Austin experience was beyond amazing, my trip had a rocky start. It all began with another crazy Kansas City snow storm which delayed my arrival to the conference by two hours. However, starting my day at GCUC during lunchtime wasn't all that bad. GCUC provided a delicious Austin barbecue lunch and by the time I got through the line, I already said hi to Campbell McKellar from Loosecubes and Liz Elam of Link Coworking (the diva behind GCUC). I sat with the Loosecubes crew and finally got to meet the faces of the people I'd been emailing for months. For the next few hours, every person I talked to had something to share that I didn't know before. More on what I learned in a bit.
The unconference/conference was packed with coworking space managers, owners and aspiring founders. But what is an unconference, you ask? GCUC was actually split into a few rooms: three unconference rooms, a conference track and a pop-up coworking space. The unconference was determined by the attendees themselves by selecting a topic, time and room and that's what built the agenda for the day.
The conference track was full of the most commonly known coworking space owners/managers and top industry coworking space service providers. Topics included “How to Design, Build and Grow your Space for Collaboration,” “What to do When you Hit A Bump in the Road,” “Leveraging Technology to Enhance your Space and Community” and “Why You Need to Get in the News (using PR and Social Media to attract the right members)".
The pop-up coworking was for anyone who wanted to catch up on work, try out the modern collaborative furniture by Turnstone or be a part of the Google hangouts. The day concluded with a Tex-Mex after party sponsored by Turnstone. It ended up being a great opportunity to talk with people in a more casual environment. On Friday, I participated in a coworking space scavenger hunt and then a closing party at Austin’s own Conjunctured.
In my conversations with other managers, thoughts from panel sessions and discussions from the unconference, these are the top six things I learned:
1. Community is one of the most powerful tools to operating a successful space. A sense of belonging does multiple things: members keep each other accountable to be productive, be on good behavior and achieve stellar collaboration. It’s also a great way to recruit new members. As NextSpace says, “Working Alone Sucks!” When people make the switch to being an entrepreneur, one thing they miss the most about the office is having unexpected conversations (sometimes those are the best kind!), eating lunch with coworkers and energy through interaction. A coworking space community brings the best pieces of bringing coworkers to the entrepreneur.
2. The software and technology solutions for coworking spaces is about to dramatically increase. Up until the past few months, the technology tools specific to operating a coworking space have been slim pickings. Therefore, many spaces build their own on simple solutions like Google Docs. But now, multiple companies are answering this market opening. Desktime, deskwanted, and cobot, to name a few, are in process of building what they think is best for owners and managers (if you want to share your feedback with these companies, do it now and get an almost customized software solution!). Features for software management tools include internal social networks, payment mechanisms, issue reporting, forums, check-in stats, capacity tracking, mobile access and more. Hardware solutions penetrating the coworking world include internet portals for controlling bandwidth and tracking who is using the Internet, key cards/codes for entry, and security systems on building (insurance rates go down!). Aspects of managing a coworking space should soon become simpler with the new developments.
3. There is an increasing trend of collaborative consumption. There has been a societal shift in the comfort level of sharing. Companies like AirBNB and Zip Car, along with coworking spaces, have inspired a change in the industries of travel and work. Renting out your house and office or renting a car by the minute is no longer a radical idea. Instead, it is a unique way to meet new people, save or even make money and lower a footprint on the environment. The market for companies with the “collaborative” nature is on the rise. Therefore, the market for coworking spaces is doubling each year according to deskmag’s recent Global Trends Survey.
4. A coworking space and the people working there can match each other. In the early-adopting markets like San Francisco and New York, there are enough options of coworking spaces now, and some of them even have themes, are industry specific or cater to a stage of entrepreneur. When the “right” liked-minded people collaborate, beneficial relationships can be made. Iris Krivnaugh of NextSpace says, "Don’t stop marketing, even when you’re full." Coworking spaces should continue the effort to attract the right people. In addition, members should try multiple spaces to see which feels right to them. What makes a space and a member the “right” match? Both need to be specific about what their needs and resources are. In smaller markets, this may not be possible now with the available options, but keep in mind: the market is growing!
5. There is an unsolved problem for employment benefits for entrepreneurs. The options for health insurance, disability insurance, retirement funds and the like for entrepreneurs and startups are slim to none. Innovation is clearly needed to create options for the growing self-employed industry. Insurance companies need to find new ways to offer benefits packages on an entrepreneur’s budget.
6. The flyover states and the Midwest are hungry for public education on coworking. There is a gap between the coastal and the Midwest coworking spaces. The large, early-adopting cities have markets more willing to try and demand coworking opportunities. Coworking spaces in the less progressive markets have to work harder to reach full capacity because there is an extra hurdle to educate the general public on the benefits. A discussion about a coworking association or alliance was a hot topic at GCUC. There is a desire for the creation of an organization that shares best practices, educates the public and sets industry standards. At the same time, others are weary of a “corporatization” of an industry built on a unique, non-corporate place to work.
Events like GCUC are where many important conversations happen and hopefully some action towards innovation and growth will positivity impact the (un-hyphenated!) coworking industry. I truly enjoyed meeting other coworking managers, owners and aspiring founders and look forward to collaborating throughout the next year.
Read more on GCUC from deskmag's perspective here.
Follow me! @SarahThinkBig
10 Midwest Startups Selected for Think Big Showcase in Silicon Valley
Last week, Think Big Partners revealed the 10 startup companies that will participate in the Think Big Showcase, a highly-intensive, multi-day pitchfest for entrepreneurs who live in the Midwest and want to get in front of investors from startup hubs such as Silicon Valley, Boston and New York.
This Spring, Think Big Partners has invited 10 startups to travel to Silicon Valley to participate in the Silicon Valley Bank Showcase and the Think Big Showcase at the end of March. The startups include:
Audio Anywhere (Bixy): Audio Anywhere aims to increase ad revenues for online media platforms by a factor of 10. Ads are created through Bixy, the company’s self-service ad platform. Bixy is like Google AdWords for personalized interactive ads. Businesses utilize the Bixy toolkit to create their own ads in less than 5 minutes for as little as $50.
Eyeverify: Eveverify brings to market a software authentication module that will leverage the onboard cameras on mobile devices to take images of the blood vessels in the whites of the eyes to use as a unique biometric identifier, ultimately answering the question: who is holding the phone?
Klink: KlinkMobile enables the transfer of cellular airtime minutes and currency via a proprietary, cloud-based financial transaction platform.
LockerDome: Backed by Square co-founder, Jim McKelvey, LockerDome is one of the hottest sports startups in the country. LockerDome aims to be a person’s sports identity. The bet we've made is that people have 3 big personas in their life: social, professional, and recreational. Facebook covers social. LinkedIn covers professional. LockerDome wants to cover sports/recreational - an area that we believe people are more passionate about than any of the others and the only one of the three areas that completely transcends international borders.
LiveOn: LiveOn aims to be the brand that consumers and businesses trust to preserve their digital legacy.
ABPathfinder: ABPathfinder brings technology to Autism therapy by providing tools for therapists to use in their everyday assessments.
This Spring, Think Big Partners has invited 10 startups to travel to Silicon Valley to participate in the Silicon Valley Bank Showcase and the Think Big Showcase at the end of March. The startups include:
Audio Anywhere (Bixy): Audio Anywhere aims to increase ad revenues for online media platforms by a factor of 10. Ads are created through Bixy, the company’s self-service ad platform. Bixy is like Google AdWords for personalized interactive ads. Businesses utilize the Bixy toolkit to create their own ads in less than 5 minutes for as little as $50.
Eyeverify: Eveverify brings to market a software authentication module that will leverage the onboard cameras on mobile devices to take images of the blood vessels in the whites of the eyes to use as a unique biometric identifier, ultimately answering the question: who is holding the phone?
Klink: KlinkMobile enables the transfer of cellular airtime minutes and currency via a proprietary, cloud-based financial transaction platform.
LockerDome: Backed by Square co-founder, Jim McKelvey, LockerDome is one of the hottest sports startups in the country. LockerDome aims to be a person’s sports identity. The bet we've made is that people have 3 big personas in their life: social, professional, and recreational. Facebook covers social. LinkedIn covers professional. LockerDome wants to cover sports/recreational - an area that we believe people are more passionate about than any of the others and the only one of the three areas that completely transcends international borders.
LiveOn: LiveOn aims to be the brand that consumers and businesses trust to preserve their digital legacy.
ABPathfinder: ABPathfinder brings technology to Autism therapy by providing tools for therapists to use in their everyday assessments.
InvenQuery: InvenQuery is a technology platform with mobile application that seamlessly integrates inventory management and point-of-sale, with the ability to administer and publish an e-commerce website. IQ software is agile, scalable and easy to use while maintaining sophisticated reporting mechanisms managers depend on to measure success.
RollSale: RollSale has created a technology that will disrupt the traditional ways in which automotive dealers conduct their wholesale trade. RollSale is a communications platform where dealers are able to connect with other dealers in an environment that mimics the function and usability of common social networks.
SEIN Analytics: SEIN is bringing to market an open cloud application and database for analyzing asset-backed securities (ABS). SEIN is leveraging its proprietary web scraping and data mining technology to rapidly standardize data across all ABS categories. With $2.7 trillion in ABS outstanding, SEIN is directly addressing the pain points of this large market, while taking advantage of new regulatory proposals for increased transparency.
Kauzu: Kauzu is a company that seeks to innovate and empower the U.S. employment industry by providing a dynamic, online environment with unique tools to create meaningful, timely connections. Kauzu is like eHarmony.com meets eBay for the employment industry, which will make job search and hiring timely, active, and satisfying.
Gremln: Gremln.com makes it easy for businesses to easily and effectively market themselves and their products on Facebook, Twitter, Google+, and LinkedIn. Gremln provides comprehensive messages management, success analytics and social media ROI analysis for businesses of every size. Engage, learn, and monitor return with Gremln.com.
Gremln: Gremln.com makes it easy for businesses to easily and effectively market themselves and their products on Facebook, Twitter, Google+, and LinkedIn. Gremln provides comprehensive messages management, success analytics and social media ROI analysis for businesses of every size. Engage, learn, and monitor return with Gremln.com.
Best of luck to the Think Big Showcase startups!
Follow Think Big! @ThinkBigKC
Follow me! @AllisonThinkBig
Monday, March 12, 2012
Think Big Partners and bizperc Prepare for Battle: KCSourceLink's Battle of the Brands
KCSourceLink is shining the spotlight on the legacy and future of entrepreneurship in Kansas City by hosting the Battle of the Brands bracket. Mimicking a March Madness basketball bracket, the Battle of the Brands will honor one entrepreneurial company with bragging rights as the Aristo of Entrepreneurship, the KC Kahuna, the Innovator of Epic Awesome.
We think that winner should be Think Big Partners and bizperc. And now's the time to vote, Kansas City!
So what's it going to be? Shatto or Cerner? Christopher Elbow or SKC? Bo Ling's or Russell Stover?
Vote for Think Big and bizperc today (we're up again Rainy Day Books!) and help us advance further down the bracket. Thanks for contributing and Think Big!
Follow Think Big! @ThinkBigKC
Follow bizperc! @bizperc
Thursday, March 8, 2012
Announcing IgniteKC: The 2012 Kansas City Conference on Innovation and Entrepreneurship

The contest is over and the ballots are in!
Think Big Partners and Greater Kansas City Chamber of Commerce have chosen “IgniteKC” as the winner of the naming contest for the 2012 Kansas City conference on innovation and entrepreneurship.
Earlier this year, Think Big Partners and the Kansas City Chamber opened up the naming contest to spark community involvement amongst Kansas City innovators, entrepreneurs and creative minds. From their ideas and suggestions emerged IgniteKC, the new official name of the conference, selected by a committee made up of members from the Chamber of Commerce and Think Big Partners.
“This conference is a step in the right direction for Kansas City,” said managing partner and co-founder of Think Big Partners, Herb Sih. “We hope that the event ignites a collaborative spark between entrepreneurial organizations, large Kansas-City based corporations, small businesses and creative individuals alike.”
IgniteKC is the culmination of the Chamber’s Innovation Conference and Think Big Partners’ Think Big Kansas City with the goal of building Kansas City into America’s most entrepreneurial city. The jam-packed, all-day conference will be hosted by H&R Block and will take place on June 20th, 2012, at the H&R Block Corporate headquarters building in downtown Kansas City. The conference is dedicated to educating and motivating innovators, entrepreneurs and like-minded individuals by giving them an arena to learn, grow and connect.
IgniteKC is looking for leaders in the Kansas City business community and beyond to get involved through sponsorship and speaker opportunities. To learn more about getting involved, please visit www.kc2012.com (site subject to change) or call (816) 842.5244.
Stay tuned! The IgniteKC website will launch soon with information about tickets, event schedule and more opportunities.
Follow IgniteKC on Twitter! @IgniteKC
Follow me! @LauraGThinkBig
Blogging from the Bus: Day 2 of StartupBus
Blake Miller, partner and web developer at Think Big Partners, was chosen to participate in StartupBus, a 72-hour roadtrip-meets-hackathon from Vegas to Austin. Along the way, "Buspreneurs" create and launch a startup and present it to venture capitalists at SXSW. This is Blake's experience:`
Here we are about 40 hours into the StartupBus adventure and we are about to launch a company! Forty hours!!!
I’ll say that one more time…40 hours!
We have conceived and developed our idea to its maximum potential and now we're on the verge of launching a company in under two days.
What company you ask? http://GetWished.com.
GetWished is gift giving re-imagined. Because honestly, the way we see it, traditional registries and wishlists suck!
Imagine this: An elegant platform to create a list that displays all of your wishes, desires and wants. The platform allows you to also surf the Internet adding anything you want to that list, share your wishlist with your Facebook friends, and with a few simple clicks, provide all of your friends and family with the ability to fulfill those wishes.
Wish Granted.
GetWished allows your friends and family to purchase gifts that you actually want. Wishing for something big? No problem. With our group buying platform, chipping in has never been easier. That Justin Bieber VIP Experience you’ve been eyeing is now a few steps closer to reality...because of GetWished.
Sounds pretty cool, huh? We think so. But the opportunity is SO MUCH BIGGER than it sounds.
I will leave you with a few random thoughts from the bus…
Here we are about 40 hours into the StartupBus adventure and we are about to launch a company! Forty hours!!!
I’ll say that one more time…40 hours!
We have conceived and developed our idea to its maximum potential and now we're on the verge of launching a company in under two days.
What company you ask? http://GetWished.com.
GetWished is gift giving re-imagined. Because honestly, the way we see it, traditional registries and wishlists suck!
Imagine this: An elegant platform to create a list that displays all of your wishes, desires and wants. The platform allows you to also surf the Internet adding anything you want to that list, share your wishlist with your Facebook friends, and with a few simple clicks, provide all of your friends and family with the ability to fulfill those wishes.
Wish Granted.
GetWished allows your friends and family to purchase gifts that you actually want. Wishing for something big? No problem. With our group buying platform, chipping in has never been easier. That Justin Bieber VIP Experience you’ve been eyeing is now a few steps closer to reality...because of GetWished.
Sounds pretty cool, huh? We think so. But the opportunity is SO MUCH BIGGER than it sounds.
I will leave you with a few random thoughts from the bus…
- A word to the wise: Internet connection in the desert sucks!
- The dynamic of our team is pretty inspiring. You have six total strangers who came together in literally a matter of minutes and work together like a symphony. I’ve done Hackathons and Startup Weekends before and it’s nothing like this. At those events, I, at the very least, knew of the people that I was joining teams with. This (at least in my experience), results in an initial surge of excitement because your friends usually don’t hold you that accountable. Our team has been a game the entire time. Pretty cool if you ask me.
- Quote of the Day. “I feel like I’m in a horrible movie mashup of the movie Speed and Hackers, only with no Angelina or Sandra."
- And please remember...
We launch TODAY!
Follow us on Twitter @getwished
Like us on Facebook.com/getwished
AND MOST IMPORTANT: Signup so I can get you in to start using GetWished first.
AND TELL EVERYONE YOU KNOW: The more traction we can get, the better our grading point will be for the finals.
Also look for another email tomorrow asking for your help with the StartupBus Game.
Follow me! @BlakeMiller32
AND MOST IMPORTANT: Signup so I can get you in to start using GetWished first.
AND TELL EVERYONE YOU KNOW: The more traction we can get, the better our grading point will be for the finals.
Also look for another email tomorrow asking for your help with the StartupBus Game.
Follow me! @BlakeMiller32
Wednesday, March 7, 2012
Blogging from the Bus: Day 1 of StartupBus
Blake Miller, partner and web developer at Think Big Partners, was chosen to participate in StartupBus, a 72-hour roadtrip-meets-hackathon from Vegas to Austin. Along the way, "Buspreneurs" create and launch a startup and present it to venture capitalists at SXSW. This is Blake's experience:
It’s
4:15pm on the first day of StartupBus and we are somewhere in the desert between
Vegas and Phoenix.
I’m not even sure where to start.
I landed in
Vegas last night and hit the ground running right away. The Vegas tech community hosted a launch party for us “Buspreneurs” to get to know each
other right off the bat. I must say, it feels very similar to the Kansas City tech scene that I am so accustomed to.
We
started this morning at userlib, a Vegas coworking facility with a very cool
vibe. There was no time wasted in getting going. The first to
pitch? Me. Although my idea wasn't chosen, it did fall in line with
another Buspreneur's idea, so finding the right team was easy.
My team is made up of myself, Fred Guest, Jesse Ditson, Crystal Chang, Diana Mounter, and Isaac
Lewis. We put our heads together and decided to create a universal registry system called GetWished. Now that we have our idea in place, we're ready to roll. Currently, I'm hacking away with my fellow Buspreneurs somewhere in the middle of the desert (never thought I'd say that!).
To keep track of our progress, follow GetWished on Twitter (twitter.com/getwished) and like us on Facebook (facebook.com/getwished). More importantly go to http://getwished.com and signup to be the
first ones to GetWished!
Stay tuned...I'll keep you posted throughout the week with more blogging from the bus!
Follow Blake! @blakemiller32
Follow StartupBus! @TheStartupBus
006 Think Big Radio: Think Big Partners Update
What's going on with Think Big Partners? Listen up, tune in and Think Big to find out. In this episode of Think Big Radio, senior copywriter and senior associate, Allison Way, discusses what's new with Think Big Partners including details about Flyover Field Trip, involvement on the StartupBus, updates on the innovation and entrepreneurship conference and announcements about internship opportunities.
REVIEW US! We want to hear what you think of Think Big Radio. Give us a review on iTunes.
Follow Think Big! @thinkbigKC
Follow Think Big! @thinkbigKC
Follow Allison! @AllisonThinkBig
AgLocal: Bringing Power to the Meat Lover and Innovation to the Midwest
Take a drive through the Midwest and you'll see a lot of a little. You'll see cornfields. You'll see flat farmland. And you will certainly see grazing cows. And although many people joke about the snoozefest that is endured while driving through the Midwest, it's that uneventful, flat farmland that has helped to jumpstart one of the coolest startups at SXSW.
Don't believe me? Take a look at AgLocal, a startup based out of Overland Park, Kansas, picked to pitch at this year's SXSW Accelerator.
Co-founded by Naithan Jones and Jacob McDaniel, AgLocal is a marketplace that connects independent farmers and producers with the demand of local businesses and consumers. AgLocal is made up of a mobile app as well as a website that aim to provide producers with better local options for cheaper, higher-quality meat. In other words, AgLocal brings "power to the meat lover."
"I am really looking forward to the energy, the creativity and the people at South by Southwest," said Naithan Jones of his anticipated venture. "South by Southwest is a hub of ideas. I cannot wait to spread the word about AgLocal there."
AgLocal is one of 48 contestants (chosen from a pool of 670!) to participate in SXSW's Accelerator on March 12-13 in Austin, Texas. The Kansas-based startup will compete in the Innovative Web Technologies portion of the Accelerator against Trapit, OneID, Scrible, Prism Skylabs, Viztu Technologies, BrandYourself.com and ZeroDesktop (a majority of which reign from California).
According to Jones, AgLocal is extremely unique to the other competitors in the Innovative Web Technologies category.
"We are not a tech company, we are a people company that uses technology," he explains. "We stand out and have the ability to be very unique because we have much more to educate people on. We are also one of the only companies in the Midwest featured at SXSW. This is a great opportunity to talk about innovation coming out of the Midwest. None of this would have been possible without the support we've gotten from Kansas City."
In addition to being honored as a contestant in the Accelerator at SXSW, AgLocal is also a featured startup for the Startup America portion of SXSW, which is to take place on March 12th in Startup Village.
But what's next for AgLocal after SXSW? Because the Midwest startup will be experiencing so much exposure down in Austin, the startup is preparing for big things during the remainder of 2012. According to Jones, AgLocal will continue to build by running hackathons, hiring new interns, collaborating with developers in San Francisco, finalizing products and closing major deals.
Best of luck to Naithan Jones and then entire AgLocal team during SXSW! We will be rooting for you from Kansas City!
How does Naithan Jones Think Big?
"I always ask myself what I can do that's bigger than myself. I want to work with people who understand a problem and have a desperate need to help solve it. That's my take on startups in general. I also believe it's important to take life seriously, but not yourself seriously."
-- Naithan Jones, AgLocal
Follow AgLocal! @AgLocal
Follow me! @AllisonThinkBig
Bring on the Interns! Junior Copywriters, Event Coordinators, Social Media Gurus, Developers Wanted
For college students, summer means one thing: NO. MORE. CLASS.
But just because class has stopped for a few months, doesn't mean that students don't have the opportunity learn during the summer. And that's where Think Big comes in.
Bring on the interns! We have internships open in a variety of areas including:
- Junior copywriting/content development (Inboun)
- Event coordination
- Social media (Inboun)
- Web development
Would you like to join the Think Big Partners team? Tell us what you want to do to change the world, why you think you'd be a great fit and how you Think Big! We are always searching for the right people with a partnership-based mentality. Not for the weak-minded, under-motivated or uninspired. Apply online and start thinking big with us.
Follow Think Big! @thinkbigKC
Tuesday, March 6, 2012
GoogleConnectsKC.com...Did You Have Some Work Done?
If you've recently visited GoogleConnectsKC.com, you may have noticed that the site has undergone a bit of a...facelift. That's because the new site has taken some of the best bits of different Google Fiber sites and has consolidated it all into one. A huge thanks to the Social Media Club of Kansas City, the Mayor's Bi-State Innovation Team, MARC and the Kauffman Foundation for putting together this one-stop-shop for all things Google Fiber.
With contributors from organizations like the Social Media Club, Think Big Partners, KU Medical Center, MARC, Kauffman, KCSourceLink and KCPT, GoogleConnectsKC.com will strive to provide information about Kansas City's Google Fiber implementation, allow site visitors to contribute ideas and display a detailed Google Fiber calendar of events.
A huge thanks to everybody who has collaborated to bring Kansas City a new, informative Google Fiber website. When we all work together, great things happen.
Follow GoogleConnectsKC! @GoogleinKC
Follow me! @AllisonThinkBig
Monday, March 5, 2012
005 Think Big Radio: Pitch Camp
An inside look at Think Big Partners' Pitch Camp, a multi-day event designed to take a startup's pitch to the next level.
Pitch Camp is preparation for the Flyover Field Trip; a highly-intensive,
multi-day pitchfest for entrepreneurs who live in the Midwest and want to get
in front of investors from tech and startup hubs in Silicon Valley, Boston and
New York. Tune in and hear from several different companies as they remark on what
they have learned at Pitch Camp.
Listen on iTunes. Rate Think Big Radio and leave a comment in iTunes here: http://itunes.apple.com/us/podcast/think-big-radio/id504864659
Follow us for more updates! @thinkbigKC
Follow me! @AllisonThinkBig
Listen on iTunes. Rate Think Big Radio and leave a comment in iTunes here: http://itunes.apple.com/us/podcast/think-big-radio/id504864659
Follow us for more updates! @thinkbigKC
Follow me! @AllisonThinkBig
Friday, March 2, 2012
Loud and Proud: Midwestern Startup Fans Cheer for AudioAnywhere
Great Midwest startups like AudioAnywhere, Dwolla and Zaarly prove that great ideas can come from anywhere and you don't have to move your business to Silicon Valley to make your entrepreneurial dream come true. In last month's blog poll, we asked you which Midwestern startup you were rootin' for and here are the results!
Silicon Prairie Startup Fan Favorites:
Congratulations to our first place winner, AudioAnywhere, for having FAN-tastic supporters cheering them on in their entrepreneurial endeavor!
Follow Me @LauraGThinkBIG!
Thursday, March 1, 2012
Pitch Camp Grooms Midwest Startups for Think Big's Flyover Field Trip
Imagine receiving one-one-one pitch mentoring, collaborating with other entrepreneurs and participating mock question-and-answer sessions just 3 weeks before one of the most important moments in your entrepreneurial career: your pitch to investors.
Going through this process would probably make your pitch more clear, concise and compelling to those investors, wouldn't it?
That's why Think Big Partners held its first Pitch Camp this week; to prepare those Midwest startups selected to participate in the Flyover Field Trip for the scrutiny of Bay-area investors, the excruciating business plan questions and the nerves that many of them would face while pitching.
The Flyover Field Trip is a highly-intensive, multi-day pitchfest for entrepreneurs who live in the Midwest and want to get in front of investors from startup hubs such as Silicon Valley, Boston and New York. At the end of March, those selected startups will join Think Big Partners and travel to Silicon Valley for the Silicon Valley Showcase and the Think Big Showcase in California, where they will have the chance to get in front of Bay-area investors to make their final pitch.
Pitch Camp, held this week at bizperc, prepped those entrepreneurs participating in Flyover Field Trip by incorporating a number of different coaching and mentoring sessions. Because when you only have one shot to get in front of investors, you have to make it count.
Check out what the Flyover Field Trip entrepreneurs experienced this week at Think Big's Pitch Camp:
Day 1: The Deck
Entrepreneurs brought their "finished form" decks for review, discussion and refinement. Think Big mentors made sure that all essential components were included in the deck and that the startups were presenting information in a clear and compelling manner.
Day 2: Turning the Deck into Presentation Knowledge
Entrepreneurs began the day by presenting segments of their pitch in group environments which helped them realize things about their presentations that they may not have realized before. In this phase, startups underwent intense mock question-and-answer sessions and were evaluated on their ability to present information relative to their overall goal.
Day 3: The Pitch
Practice makes perfect! In this phase, each startup practiced their pitch over and over again until perfection. Startups practiced their elevator pitches as well as their 7-8 minute presentations until they were clear, concise and compelling.
A few photos from Pitch Camp this week:
| Startups were split up into groups to present their pitches. |
| A Pitch Camp group on the 6th floor of bizperc. |
| Willow of InvenQuery discusses her pitch strategy. |
| Herb Sih of Think Big Partners welcomes the Pitch Camp group. |
| Entrepreneurs' pitches were video taped to emulate a high-pressure experience. |
Follow me! @AllisonThinkBig
Innovation & Entrepreneurship Conference Naming Contest Comes to Close Tomorrow!
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| KC2012. We know you can do better than that, entrepreneurs. |
Think Big Partners and the Greater Kansas City Chamber of Commerce are excited to host this year's innovation + entrepreneur conference in Kansas City. And although the two organizations are fully prepared for a jam-packed, all-day conference, they are turning to innovators, entrepreneurs and creative thinkers to name the big event.
So, creative minds, it's time to think big. We're asking you to do what you do best: dig deep, get inspired and put a name tag on this conference's chest. After all, it belongs to you.
Submit your name ideas for this innovation and entrepreneur conference, which is to take place on June 20th at H&R Block World Headquarters. If your idea wins, you will win a free ticket to the conference plus some other cool prizes. Submissions for the naming contest are due tomorrow at 11:59pm.
Help us build America’s most entrepreneurial city. Follow the link to submit your conference name idea and to learn more: www.kc2012.com.
*Winner will be announced March 7, 2012!
Follow me! @AllisonThinkBig
Follow the conference! @KCCon2012
*Winner will be announced March 7, 2012!
Follow me! @AllisonThinkBig
Follow the conference! @KCCon2012
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