Showing posts with label funding. Show all posts
Showing posts with label funding. Show all posts

Tuesday, May 7, 2013

Think Big Coworking Member Dwolla Raises $16.5 Million


Ben Milne, Founder of Dwolla.

It’s one thing for a startup company to successfully launch in the Midwest.  But it’s a whole different story when a Midwestern company gets $16.5 million in funding.  But Des Moines-based startup Dwolla was recently given that exact amount from Andreessen Horowitz, Village Ventures, Thrive Capital and Union Square Ventures. 

For those who haven’t heard of Dwolla, the startup is a payment network that allows anyone to send, request and accept money (many people think of PayPal when they hear this description).  But Dwolla is built on its own network that securely connects to your bank account and allows you to move money for just $.25 per transaction or free for transactions of $10 or less.

It wasn’t too long ago that Think Big sat down with founder Ben Milne to discuss where Dwolla was headed.  At the time (December 2011), Ben stated that Dwolla was still in its infancy even though it was moving between $30 and $50 million every month.   But he was right.  The company has grown at 15% month-over-month and reached a quarter-million account holders up from 80,000 in early 2012.  And the company has only seemed to grow more as time goes on.

At the time of the interview, Dwolla had a miraculous 700+ investors interested in funding it.  And now, it seems as if four of those investors, including Adreessen Horowitz, finally committed the dollars.  Dwolla scored $16.5 million in new funding in a Series C just last week.

So Dwolla will continue to expand.   It wasn’t long ago that two of Dwolla’s developers moved into Think Big Coworking in order to expand to the Kansas City market.  We are so proud of the KC team—Brandon Ratzlaff and Nick Christus—and wish all the best for the entire Dwolla team—from Des Moines to Kansas City to its new expansion in San Francisco.

Learn more about Dwolla at www.dwolla.com

Thursday, August 30, 2012

Kansas City Startup AudioAnywhere Launches Indiegogo Crowdfunding Initiative with $10,000 Goal



After successful beta testing in early 2012, AudioAnywhere, a Kansas City-based startup that simplifies the streaming music experience, has launched a crowdfunding campaign through one of the world’s largest global funding platforms, Indiegogo.

AudioAnywhere, a client of Kansas City-based technology startup accelerator Think Big Partners, is working to prove that listeners can enjoy a free music streaming experience while artists get adequately compensated through advertising-based royalties. Despite the popularity of sites like Pandora and Spotify, monetization of streaming music has been underwhelming. Streaming services are losing money and record labels are dissatisfied with meager royalty payments.

Kyle Johnson, Scott Johnson and Ryan Luckie have developed this innovative music platform and the revenue engine behind the scenes known as Bixy. By combining the two products, the team expects to revive the online music industry. AudioAnywhere plans to pay artists five times more than what they earn today through revenues generated by Bixy’s more effective audio and banner ads. Bixy will prove that streaming music can be a win-win-win for listeners, artists and advertisers.
 
“AudioAnywhere has a real opportunity to solve a big problem for the entire music industry, and ultimately the listening consumer,” said Herb Sih, co-founder of Think Big Partners. “By combining an easy-to-use, streaming music platform in a social environment with the ability to give consumers highly relevant advertising offers that make sense, AudioAnywhere may crack the code on making online music viable for everyone. Without figuring out how to pay artists and labels in a way that doesn’t hurt the consumer, eventually free online music may die and then everyone loses.” 

Increasingly, crowdfunding is becoming a mainstream method for financing and marketing a variety of new ventures. Confident in the crowdfunding trend, AudioAnywhere is excited to engage the Indiegogo community and hopes to raise $10,000 by October 6, 2012. With these funds, AudioAnywhere plans to first offer a radio feature that uses social data to decide what type of music a listener likes.  With the remainder of the $10,000 raise, AudioAnywhere will implement the system that automatically pays artists when people listen to their music.

“We felt that Indiegogo would be an excellent launch vehicle for AudioAnywhere,” said Kyle Johnson, CEO of AudioAnywhere. “We’re able to tell our story to an audience interested in music and technology and we’ll raise some money too.”

To express its gratitude to early supporters, AudioAnywhere is granting donors access to its streaming music platform before the general public. To view AudioAnywhere’s Indiegogo crowdfunding campaign and to donate to the startup’s $10,000 goal, please visit www.indiegogo.com/audioanywhere.  To learn more about AudioAnywhere, please visit www.audioanywhere.com.

Follow AudioAnywhere! @AudioAnywhere
Follow me! @AllisonThinkBig

Wednesday, June 6, 2012

Welcome to SoKap. Welcome to Crowdfunding 2.0.

Most great startup companies start with the same question: "Why doesn't the world have _____?"

The most important piece to this question, however, is that blank space.

Why doesn't the world have an online music purchasing device?  Apple answered that question.

Why doesn't the world have a way to connect with friends and family through the Internet? Facebook answered that question.

Why doesn't the world have a platform that connects marketers and funders with projects?  SoKap is answering that question.

Welcome to SoKap. Welcome to crowdfunding 2.0.

David Geertz, Founder and CEO of SoKap.
SoKap is a crowdfunding and project distribution platform that allows marketers and funders to connect with project owners.  SoKap allows project owners to raise funds, build markets and distribute goods and services across the world.

But like all great startup ideas, SoKap didn't intend to go in that direction.  SoKap was originally built by founder and CEO David Geertz to aid in the distribution of films.  Geertz noticed that many contracts in the film industry were just too big.  So, he decided to allow people anywhere to buy distribution levels at a much smaller price.  In other words, with SoKap, everyone could have a slice of the movie pie.

While testing the platform, Geertz and his SoKap team realized that the main beta testers were entrepreneurs.  That's when the company decided to expand beyond the film industry.  Now, SoKap is open to any project-based entrepreneur (no matter what industry they're in) looking for crowdfunding opportunities.  According to the Financial Post (Canada), "Crowdfunding, which started out mainly as a way for writers, film makers, artists and musicians to raise money, is shaping up to be the next big financing model for entrepreneurs — and the model is rapidly evolving."  SoKap has taken advice from its entrepreneurial beta testers and has implemented much of their feedback into the company's founding principles.

"Our biggest focus is to lower the barriers to entry," says Geertz of the SoKap venture.  "We want to have the mark to dictate whether a product should be made or not.  Not everyone will succeed, but we need to let the market speak to that."

Although SoKap has only been in the works for about 30 months now, the company already has a few success stories under its belt to boast about.  In fact, the company was recently featured on the front cover of the Financial Post in Canada and was recognized as a game-changer in the film industry at film finance conferences.

So why is SoKap standing out so much?  For one, the company is beginning to revolutionize an industry.  But the platform is also revolutionizing the way that crowdfunding works as well.  SoKap is one of the only crowdfunding platforms that does not require a sale of equity.

"We need to prepare for a fight moving forward," says Geertz of this business decision. "We provide a solution that doesn't require equity.  Sure, we are fans of the JOBS Act, but we also know that it's not for every business.  We don't require a sale of equity and that's rare in this type of business.  But, we are staying true to our project.  We believe in it and will stay the course.  That's true, gritty entrepreneurship."

How does David Geertz Think Big? “I come from a problem-solving world.  I come at things from solving solutions and take a 10,000 feet view and remove all clutter and intermediaries.  I ask how we can balance and value our work.  If we can do that, we eliminate the two main rules of failure: fear and greed.  I always ask how I can eliminate that.”

Follow SoKap! @SoKap1

Thursday, November 17, 2011

PART 1: The Evolution of a Mobile Gaming App


PART 1: The Initial Steps in Creating the Next Social Word Game

Words With Friends.  Angry Birds.  Fruit Ninja.  Every once and awhile, a new app comes around that seems to change the face of mobile gaming.  So what new game app will take the spotlight next?  What game will be distracting people during important meetings?  What game will travelers be tapping away on when waiting for a plane in the airport?  What will be the mobile game causing that vibrating buzz on phones in schools, offices and homes alike?
What does it take to create the next sensation in the mobile gaming space?
In order to answer this question, we decided to follow Chris Puglisi and Kyle McGetrick, founders of Mellow Militia (a successful mobile application company based out of Kansas City, Missouri) on their road to creating The Next Social Word Game.  In this many-part series, we will be exploring the world of mobile app development and following Mellow Militia on their mission to develop a top 25  mobile gaming app.  Our exploration will range from what it takes to develop and execute a mobile app effectively to launching the Next Social Word Game*, to the potential return for a company like Mellow Militia.  Care to join us for the ride?  Then take a look at the first phase of the life of a mobile game app—the initial steps in creating the Next Social Word Game:
A bit of background: Mellow Militia has an investor commitment for 25% of the capital that will be required for this venture.  Countless hours over several months have gone into transforming the original concept into a viable model that investors can grasp on multiple levels including the game itself, the mobile gaming market and of course, the potential return on investment which, in this case, equates to a great return on investment based on realistic (not stretch) goals and projections.  This commitment kick-starts the project allowing for advanced design and app development to be put in motion while Chris and Kyle continue to raise capital to meet their total goal.  Reaching this stage didn’t happen overnight, and the partners are very pleased with the initial commitment, considering it a verification of their concept and work.  A lot of preparation goes into making a Top 25 Gaming App.  So what did Chris and Kyle do first?
*The Next Social Word Game is what the new application will be referred to for the time being. 
STEP 1: Find the Idea
As many mobile app game developers know, it all begins with an idea.  From that idea, it is important to look to the core foundation of the concept and answer the most important questions: Does this mobile app have stickiness?  Is this a game you would want to play?  Is this something that people will be excited about?  Will others play with you? And more importantly, will they invite their friends?
According to Chris Puglisi, everyone has an idea for a mobile app.  Since the launch of Mellow Militia’s initial release, Tiki Toss 3D, the partners have been inundated with ideas stemming from every angle imaginable.  In addition to the inquiries that the company receives through their business network and website, Chris comments that every personal acquaintance has a handful of ideas, along with virtually any stranger who learns that we are in the mobile app space.
“The range of ideas is borderline overwhelming, both in subject and in quality,” says Chris.  “You will start with ten different ideas and fifty other ideas will be brought to you.  But you have to ask yourself, ‘Why this app?  Why is this worth my time?  Why is this worth the investment?  Is this a new idea?  If it has been done already, in what ways can we improve upon the concept?”
STEP 2:  Decide on the Type of Game
In order for Mellow Militia to develop The Next Social Word Game, they had to first decide what type of game it was going to be.  The first key questions: single player, two player, multi-player or social?  Chris and Kyle decided that they wanted their next game to have a sense of community.  Therefore, they decided to take a look at Words With Friends—one of the most popular games in the app world today and one of their favorite models.  Words With Friends currently has 2.5 million daily active users and 5 million monthly active users.  When you consider the user base along with the fact that the game was purchased early on by Zynga for tens of millions of dollars, you have to ask: Is there a better model to emulate than that? 
STEP 3: Storyboard!
Chris suggests to develop a half page document with findings and decisions from Step 1 and Step 2 and then to create a storyboard for your mobile game app.  Storyboarding can take months and involves a large number of talented people.  Chris suggests wire framing your screens so that the entire game flows.  Another part of the storyboarding step is to research, research, research!  Never stop looking at what the marketing trends are and what type of game is on top. 
“One of the most challenging aspects to creating the storyboard is confining the concept,” says Chris.  “When you actually start diagraming and putting the concept on paper, the project inevitably takes on a life of its own.  Idea after idea; never-ending possibilities.  Many of the ideas are amazing and so much growth is realized, but at some point you have to put a cap on it, define the specs, commit and move to the level.”
STEP 4: Determine the Game’s Mobility
There are another series of questions to ask yourself when it comes to the mobility of a game app.  How does the game translate across various mobile platforms?   What are the social hooks that can be implemented?  Can you invite players?  Will it go viral?  Can you integrate into social networks?  Do you want a group chat?  What will motivate people to continue to play? The list goes on and on.
So what did Mellow Militia do?  The company incorporated the game so that Android, Blackberry and iPhone users can all play together.  In addition, Chris and Kyle have decided that The Next Social Word Game will incorporate social status and social rewards that will motivate players to continue game play. 
“Having a true community is our goal.  We are building the app to accommodate up to 13 players per gaming instance with thousands of parallel instances in play at all times,” Chris explains.  “Players will be able to chat within the app across all of these instances.  Communication expands outside the app allowing the community to incorporate their Facebook and Twitter contacts to arrange group play at any time.   Points will be cumulative for the lifetime of the player’s involvement in the community.  This allows for leveling up through skill sets, accumulation of rewards, trophies and social badges; all of which are necessary in maintaining an on line social community.”
Mellow Militia also decided to offer the app for free along with a paid or premium version.  The free version will feature advertisements.  The premium version will be ad-free and grant access to the advanced skill levels.  This motivates more players to buy, buy, buy!
STEP 5:  Monetize
A game developer must next determine how the game will be monetized.  This step requires looking at ad and revenue models as well as the models of competitor games.  Use this step to negotiate with ad vendors and look at the acquisition.  You must  largely determine your marketing plan and advertising budget before the first line of code is written.
Many mobile gaming apps have a free version that displays ads at undisruptive moments.  Paid versions are commonly ad free.  Mellow Militia has decided to go another route.  They will offer a free version of The Next Social Word Game without ads for the first three months.  After the first three months, ads will be integrated in.  In the premium version, the ads will disappear.  In addition, Chris has decided to use Flurry—a proven app marketing tool—for the ads in The Next Social Word Game. 
Another important part of this step is to map out the overall budget create projections.  All possible expenses have to be balanced with several potential revenue scenarios.  As it is essential that nothing gets overlooked here, the result is a stack of spreadsheets outlining a variety of financial scenarios ranging from failure, to conservative, to grand slam outcomes.   Mellow Militia has created a target goal of $2.6 million in a 24 month period for The Next Social Word Game.  Determine your goal and calculate how much money it will take to get you there (and be sure to keep in mind the facts! 95% of apps make less than $1 per day!). 
STEP 6: Get the Moo-la!
Step 6 is dreaded by many: the funding stage.  “It’s important to put together a presentation for both investors and vendors,” says Chris of his experience in the funding phase.  “Be sure that you present with one goal in mind: to provide ROI for your potential investors.”
There are many challenges to fundraising.  It can be very difficult to even get an audience. One of the challenges that Mellow Militia has experienced, like many other app development companies, is implementing funder’s feedback and suggestions. 
“The input is often very very intuitive and valuable and it can be eye-opening to see the outside perspective,” both Chris and Kyle say.  “The challenge is in finding the balance between implementing while not losing sight of the original plan.  In this case, we went back to the drawing board to make some adjustments to how quickly (or slowly) this game will move.  Being open to the insight of our potential second investor, our product, we believe, has significantly improved.” 
STEP 7: Start coding
Finally, the step that developers everywhere have been waiting for: the coding phase.  It took Mellow Militia eight months of research and preparation to get to the coding phase for The Next Social Word Game.  Coding is just beginning, so we will keep you posted as to the progress throughout this series.
STEP 8: Amp Up the Social Media
The Next Social Word Game is (quite obviously) a social game.  Therefore, it will require very significant attention from social networks like Facebook and Twitter in order to become the success that Chris and Kyle anticipate.  This is yet another project that begins pre -launch and carries throughout the life of a social gaming app. 
“Keeping the community involved through these standard outlets is an absolute must in the social gaming world,” Chris articulates.  “This is a daily endeavor and requires a dedicated team who are motivated by a love of the game and community engagement.” 
Marketing through press releases and within the iTunes app store and other app markets can also be considered social media (but in general are a whole other animal that will be discussed in another post!). 
One of the main reasons that The Next Social Word Game has looked to the Words With Friends model in planning is that this knockout game acquired 60% of it’s user base through word of mouth, largely through online social networks.   With a very slim marketing spend, Words With Friends still went viral.  Every so often, an app will make the Top 25 App list (even though it may not mean to—cue Angry Birds!).  Mellow Militia would be very happy to see this happen, but does not plan on taking that chance.  The vast majority of their budget will go to targeted marketing, ensuring that the necessary daily active user base is acquired. 
Chris and Kyle both believe that it’s not about the marketing, it’s about the product:  “It starts with creating a great product.  Once you have the product in hand, you have to let the world know.  That is our responsibility, but we hope that we will have the support and help of our players in spreading the word!”
We have only scratched the surface of mobile app development for games.  So what in the world should a developer do next?  Tune in for PART 2 when we check back with Mellow Militia and the evolution of The Next Social Word Game and how you can make or break it in the app world. 
Want to go behind the scenes of  ‘Creating the Next Social Word Game’, including tips & strategies to creating great mobile apps and games?  Visit Chris’s Blog.

Follow me! @AllisonThinkBig

Monday, June 6, 2011

You Won't Believe Who's Looking For the Next Big Entrepreneur

One of basketball's legends is looking for an entrepreneur's next big idea. 

Professional basketball player.  All-Star MVP.  Sports commentator.  Author.  There are a lot of words that describe Charles Barkley, but a lot of people wouldn't expect "investor" to be one of them. 
TNT's Charles Barkley announced last week that he was launching Earn Chuck's Bucks, a contest designed to provide a business investment to anyone with a good idea.  Contestants can sign up by visiting CharlesBarkley.com.  By submitting their business plans, contestants will enter for the chance to win $25,000 cash from Barkley himself.  Registration runs through July 18th and the winner will be announced in September. 
So, entrepreneurs, we are asking you: are you ready to launch your next big idea? This might be your opportunity to do so.  Why not start today with Charles Barkley?  Good luck and Think Big!
Written by Allison Way.
@AllisonThinkBig

Thursday, May 19, 2011

Angel Capital Group in Full Swing after Kansas City Launch

Since its launch in Kansas City in late January of this year, Angel Capital Group, a network of investors and entrepreneurs, has been expanding its reach and has branched out to a number of investors within the Midwest. Because of its nationwide expansion, Angel Capital Group has partnered with Think Big Partners, a mentorship-based startup accelerator and business incubator and has added a new face to its team.
The Angel Capital Group offers a variety of services both to the angel investor and the entrepreneur. Most importantly, Angel Capital Group has established a network where entrepreneurs can reach out to angel investors to find the seed capital they need in order to grow their businesses. Simultaneously, Angel Capital Group helps investors build diverse portfolios of meaningful private investments. The biggest benefit of utilizing the Angel Capital Group is its initiative to allow accredited investors to join its network for free for one year or until that investor makes his or her first investment.
With the launch of its Kansas City chapter, Angel Capital Group partnered with Think Big Partners, a collaborative network and workspace for entrepreneurs, investors, founders and visionaries. By combining Angel Capital Group’s funding platform with TBP’s national conference for entrepreneurs, investors and startups (Think Big Kansas City on May 24, 2011), this partnership effectively helps entrepreneurs locate capital, assists investors with finding more businesses worth funding, and places more ideas in the right home anywhere in the country.
“We have learned that once you fund a company, that company needs help,” said Rachael Qualls, founder of Angel Capital Group. “They need to be connected with other entrepreneurs; they need resources. That’s why we’re so excited to work with Think Big Partners, because they provide all of the services that we don’t, which makes for a great partnership.”
Since its launch in Kansas City, Angel Capital’s growth has been tremendous. In order to assist those interested in getting involved in the Angel Capital Group network in Kansas City, the organization has added Ryan Weber to its team as a Director for Angel Capital Group. Weber’s extensive consulting and fundraising backgrounds make him a perfect addition for the Angel Capital Group. As an entrepreneur at heart, co-founding KC Hub, a nonprofit organization created to enhance Kansas City’s ecosystem of innovation, Weber hopes to connect entrepreneurs to the funding that they desperately need in Kansas City.
“My goal is to collaborate with organizations and individuals in Kansas City that provide resources for startups so that the ecosystem is vibrant,” said Weber. “I want to look back in a few years and be proud of the opportunities we have created for both entrepreneurs and angel investors in Kansas City.”
Weber’s first initiative to jumpstart the Angel Capital Group Kansas City branch is to host its first investor meeting. This meeting, which invites angel investors from in and around the Kansas City metro area to take a look at worthwhile entrepreneurial ventures, is set for June 2, 2011 in the downtown Kansas City area. During this investor meeting, angel investors are invited to come and learn more about the Angel Capital Group’s mission and to see two opportunities that they may be interested in funding.
“We are excited to increase the level of angel investing in Kansas City by bringing the best deals from the region and the country to potential angels,” said Weber.
Angel Capital Group’s first investor meeting in Kansas City will take place on June 2, 2011 from 5:30-7:30 PM at bizperc (1800 Baltimore, Kansas City, MO). To register for the event, please sign up for a membership on the Angel Capital Group site. To learn more about Angel Capital Group and its Kansas City mission, please visit www.theangelcapitalgroup.com or call Ryan Weber at 816-804-3461.

Written by Allison Way.
@AllisonThinkBig

Friday, May 13, 2011

GUEST BLOG: TBKC Speaker, Fred Coulson

Think Big Kansas City speaker and founder of Five Elms Capital, Fred Coulson, writes about his experience in the capital-raising industry and the importance of entrepreneurship, innovation, and technology in Kansas City.  To learn more from Fred Coulson, be sure to purchase your ticket for Think Big Kansas City to hear him speak live!

Fred Coulson,
Five Elms Capital
I started Five Elms Capital with the goal of providing capital and strategic support to entrepreneurs whose businesses are experiencing exponential growth.  Since 2006, we have made thirteen investments, six with a presence in Kansas City.

While most growth-oriented investors focus on coastal technology innovation, we believe a huge, yet more subtle, opportunity exists for us to partner with Midwestern service-based businesses that are users of both technology and the Internet to change the way services are sold and delivered, resulting in accelerated growth and often industry disruption.

Why Services?  
Services are a huge part of the United States economy, representing 47% of GDP compared to technology which accounts for 6% of GDP.   There is a tremendous opportunity for service-based businesses to use technology and the internet to improve their value proposition to consumers, lower infrastructure costs and accelerate sales.   Investing in service-based businesses has lower risk given the pre-existence of the industries yet high growth given capital efficiency and scalability of their business models.  

Why the Midwest? 

Talent.    4 of Forbes’ 10 “smartest cities” in the U.S. are located in the Midwest.  4 of the top 8 strongest metro economies are located in the Midwest.  Kansas City has more engineers per capita than Boston, New York, and San Francisco.   Kansas City was recently cited by StartUpDigest.com as the third fastest growing startup community in the world.

Lower Cost.  Services have a labor requirement.  We believe the Midwest’s highly-educated labor pool, low cost of doing business, and “right to work” mentality positions us to take advantage of this shift in power and support industry experts in their use of technology to solve problems and even disrupt entire industries.

Shortage of Capital, Not Opportunity.  The Midwest represents 25% of US GDP, yet receives only 7% of U.S. venture capital (compared to California which represents 13% of GDP and receives 50% of venture capital).

Why Now? 

Technology Has Been Democratized.   Starting a company is cheaper than ever, allowing those with an idea to start a company, bootstrap it to profitability, and proceed to disrupt antiquated industries.  As recently as ten years ago, access to technology was limited to larger companies who had the capital to invest in racks of servers and fleets of programmers.  In September, Fortune Magazine compared the cost to start a business today vs. ten years ago:  given technology advances and the emergence of social media, it costs less than $40,000 to start the same company that cost more than $1 million to start 10 years ago:


2000
2010
Incorporation
$1,500
$250
Branding
20,000
7,000
Marketing
75,000
1,000
Employee Costs
792,000
19,800
Rent
175,000
9,672




$1,063,500
$37,722



Source:  September 6, 2010 FORTUNE: “Building a Faster, Cheaper Startup”

*Industry* Knowledge is Now More Important than *Technical* Knowledge.  Given the democratization of technology, the balance of entrepreneurial power has shifted to include those with deep industry backgrounds as well as those with deep technical backgrounds. 

Our six portfolio companies in Kansas City are great examples:

BuildMyMove is the first truly "asset light" residential moving company and the first to provide real-time, binding quotes online.  BuildMyMove utilizes its network of prequalified, fully-licensed and insured movers to provide low cost, highly-secure moving services to consumers across the United States.  The company’s technology manages its network of moving providers and gives consumers online access to photos of their goods throughout the move process.
Catapult International provides cloud-based rate management software and services to the international shipping industry.  The company manages its clients’ ocean, air, and trucking contracts and assists with quoting and decision-making by using its decision-matrix in a similar manner to consumer travel sites.

Mission Peak Capital is an independent capital markets company dedicated to providing transparency, risk solutions, and investment guidance to holders of RMBS and CMBS securities.  Mission Peak has an analytical infrastructure and is data-driven in its analysis of highly-structured securities.

SelectQuote is a pioneer in direct response marketing via TV, radio, and the Internet to sell term life insurance.   The company’s technology ties directly into the underwriting systems of more than fourteen insurance carriers to provide real-time transparency and comparison shopping for consumers.   SelectQuote sells more than 70,000 term life policies each year.

Smart Warehousing is a technology-enabled warehousing and logistics firm managing approximately 2 million square feet of warehouse space nationwide.  Using internally developed, cloud-based software in conjunction with its warehouse management services, Smart Warehousing gives small and medium-sized businesses “Walmart-like” visibility into their inventory and replenishment needs.

United Medicare Advisors is a comparison shopping exchange for Medicare supplement insurance (also known as MediGap).  United Medicare Advisors simplifies the shopping process by comparing pricing across eighteen of the highest rated Medicare supplement insurance carriers allowing customers to focus on finding the best coverage possible knowing they are receiving the best price available.

The entire Five Elms team is excited to be part of Think Big Kansas City.  Please look for us during the event.   

Written by Fred Coulson.  Fred Coulson is the founder of Five Elms Capital, a venture capital firm focused on providing growth capital to high-growth businesses.  Prior to founding Kansas City-based Five Elms Capital, Fred was a senior investment professional with TH Lee Putnam Ventures, a $1.1 billion growth equity firm in New York, and an investment banker with Morgan Stanley, working in mergers & acquisitions, media banking, and firm management in Morgan Stanley’s New York offices.  Fred began his career in asset management with Citibank in London. He holds a B.S. in Business Administration from the University of Kansas, where he currently serves on the Finance Board of Advisors for the School of Business.