Showing posts with label Think Big Ventures I. Show all posts
Showing posts with label Think Big Ventures I. Show all posts

Monday, October 15, 2012

028 Think Big Radio: A Think Big Partners Update



What can we say?  Think Big gets $*!@ done fast!  In the past few months, we have had a lot going on and we want to fill you in.  In this episode of Think Big Radio, podcast producer Derek Olsen sits down with partner at Think Big, Blake Miller and the two discuss an update from everyone’s favorite Kansas City incubator and accelerator.

So what’s new with Think Big?  Tune into this episode of Think Big Radio and get the skinny on:
  • Think Big Ventures I and our two recent investments
  • The first Think Big Accelerator class
  • Success in the first two weeks of the Accelerator program from companies like Fully and Phone2Action
  • Upcoming event: Microsoft’s Azure Cloud & Windows 8 App Kickstarts (a free event for developers)
  • bizperc coworking space buzz 

Follow Blake! @blakemiller32

Monday, October 1, 2012

KC Startup inCharge Seeks to Solve Cellphone Battery Issues; Think Big Ventures Invests

The first prototype of an inCharge
charging station.

It’s happened to anyone with a cell phone:  Just when you need your phone the most, you look up at the top right hand corner and gasp; you only have 3% battery left!

What do you do?  Do you power the phone off and save the battery’s juice for when you really need it?  Do you run to the nearest outlet (who knows where that’s located!)?  Do you plug important contacts in your friend’s phone just in case?  Do you just let your battery die and try to survive? 

The truth of the matter is, there is no good option.  Until now.

Introducing: inCharge, a new Kansas City startup that aims to provide an easy charging solution for dead cell phone batteries.

Founded by Kansas City entrepreneur Bryan Richard, inCharge LLC aims to place free charging stations for mobile devices in public places such as train stations, shopping centers, sports facilities and other locations with high foot traffic.  According to The Kansas City Business Journal, inCharge will “plug a gap in developing countries between use of cell phones and easy access to electricity to keep the device charged.” 

The inCharge charging stations are currently being designed and manufactured here in Kansas City with help from BareSkull Innovation Inc.  The charging stations will incorporate charging “wheels” and plug-ins for all different kinds of phones—Androids, iPhones, Blackberries and even standard flip phones.  Each wheel can hold up to four phones.  Additionally, inCharge charging stations will incorporate interactive advertising opportunities.  With this opportunity, advertisers will attract highly engaged audiences and have the chance to form new types of communication with potential customers. 

BareSkull and Richard are currently building two prototypes, both of which will be tested in the Kansas City market.  One will be tested at a local high profile stadium and the other at Kansas City’s Power and Light District. 

In addition, inCharge will be installing a trial charging station in Hyderabad, India at the GVK One shopping mall on November 1, 2012.  Because of India’s high population, high teledensity and inconsistent electrical infrastructure, inCharge hopes to gain valuable insight into its new product. 

“I went to school for architecture, but it’s been a long time since I could actually design and build something and see it come to life,” explains Bryan Richard, founder of inCharge.  “That has been the most exciting part of this process.” 

Think Big Ventures I has taken a lead investor role in the startup with its $50,000 investment in inCharge.  The startup has also received $25,000 from an unnamed private investor and has bootstrapped $50,000.

“Ultimately, our goal is to keep customers connected and to eliminate the problem of dead cell phone batteries,” says Richard. 

Update October 1, 2012: inCharge just launched its first charging station at Livestrong Sporting Park this past Friday!  According to Brian Richard, Sporting fans were waiting to charge their phones before the station was even plugged in.  The charging stations are now being pursued by other high traffic locations such as the Power and Light District.  Stay tuned! 

Thursday, May 24, 2012

Announcing Think Big Ventures I and First Investment in EyeVerify



Think Big Partners , a Kansas City based early-stage business incubator and technology-focused startup accelerator, announced the launch of its first venture fund, Think Big Ventures I, along with its first venture investment, EyeVerify.

Think Big Ventures I will primarily focus on early-stage, technology-focused web services, apps, software and related opportunities. The fund will also have a preference for highly scalable business models that involve the consumer, established intellectual property, experienced management teams and strong addressable market potential.

With the first close of the fund, Think Big Partners is pleased to announce its first investment in Kansas City-based startup, EyeVerify.  EyeVerify is a software startup that brings to market an authentication module that utilizes cameras on mobile devices to take images of an eye to use as a unique biometric identifier.  The software allows mobile users to capture an image of their eye in the place of entering a password to access their mobile phone.  Toby Rush, founder and CEO of EyeVerify, is a serial entrepreneur and graduate of the PIPELINE Entrepreneurial Immersion Program. 

“The Think Big Ventures investment is one with a lot of smart, experienced people involved,” said Toby Rush, founder and CEO of EyeVerify.  “This fund will allow us to network and connect with others on a much higher level.  Think Big Ventures has extra impact behind it simply because of the people involved, their expertise and experience as founders.” 

Think Big Ventures managers Herb Sih and Tyler Prochnow will manage the fund and will utilize an investment committee process to determine investment decisions. The fund will draw benefit from relationships previously established by Think Big Partners, in addition to searching for the right startup companies across the nation, especially the Midwest.

“We believe we have something unique to offer today’s smart startup. Smart money comes in many forms,” said Tyler Prochnow, senior partner at Think Big Partners. “Our network of advisors, mentors and strategic partners, combined with our milestone-based, dosed capital mentality, aligns everyone’s interests while still allowing us to remain objective and highly disciplined in execution.”

Learn more about Think Big Ventures by following Think Big on Twitter: @thinkbigKC