Think Big Partners Launches Kickstarter Campaign to Fund Google Glass Documentary, Tech Trek

Yesterday, we announced that our Entrepreneur-in-Residence, Chris Shaw, was one of the 8,000 people in the world to be selected to beta test the new Google Glass hardware.  We also revealed that he plans to use Glass to explore how wearable technology can impact health as well as use it to document life experiences and travels.  

But Chris is looking to do much more than that.  He wants to use Glass to give back to the entrepreneurial community as well.  

“Glass is a truly innovative way to tell stories and share experiences,” says Shaw. “While our primary use for Glass will be for developing mobile applications in spaces like healthcare and enterprise, we wanted to test the media capabilities of Glass in a unique way.”

As a result of this thought, Think Big Partners co-founder Herb Sih encouraged Chris to create Tech Trek, a Glass-enabled documentary that explores the different startup hubs, technologies and innovations throughout the country.

“When Chris said he wanted to give folks a birds-eye view into what it’s like to be an entrepreneur, we were enthusiastic to support Tech Trek,” says Sih. “Think Big has started dozens of companies either directly or indirectly and we feel like we have an obligation to give back to the community.”   

Tech Trek is using Kickstarter to raise funds for the ambitious project to tell the story of technology entrepreneurship in the tech hubs of Silicon Valley, Ca., Los Angeles, Ca., Las Vegas, Nv., Boulder, Co., and Kansas City, Mo.

In addition, Shaw explains that some of the funds from the Kickstarter campaign will be used to sponsor entrepreneurs to attend Tech Trek who cannot afford to visit the cities and companies that Tech Trek will feature at incubators like Y Combinator, 500 Startups, Science and TechStars.

“Our goal with Tech Trek is to show people what we do and how technology and entrepreneurship are building the future of our world,” says Shaw.  

Spencer Walsh is an independent film producer, director and owner of Piscator Media who will be filming and producing Tech Trek.

"Google Glass provides a very unique opportunity for documentary work. I'm already excited to capture the effect this new technology has on the people interacting with it physically and virtually,” explains Walsh. “Also, most of my productions are for startups so I know how creative entrepreneurs are. In my opinion, the possibilities of Glass will really begin to reveal themselves as Chris interacts with these established and growing communities. This might be selfish, but I feel like I'll be getting a glimpse into the near future."

To learn more about Tech Trek, please visit www.techtrek.co.  To become a part of the Tech Trek Kickstarter campaign, please visit http://kck.st/10OBm3R.

And be sure to follow Chris on his Tech Trek journey with Glass:  @MOChrisShaw

8 Things to Take Away From iKC; How to Get Funded

Entrepreneurial growth has steadily been on the rise in recent years since the economy took a turn for the worse in 2008. But this surge in entrepreneurship means growth of businesses and more new jobs. Many startups have great ideas that aim to make our lives better. However, every entrepreneur faces a huge obstacle that can plague a business: funding. Some have it; many don’t. Even for those that do get funding face headaches and problems.

Plus, entrepreneurs have to ask themselves many questions in the funding sphere.  Do you go for crowdfunding or look for local investment? Do you try to find an angel investor or seek out a venture capital group? The questions are endless and the answers will vary depending on the business model. The following is valuable insight into the world of funding gathered during iKC panel, Geocashing Players from Pawns: Finding the Power Players to Invest in your Company. 

• Put your own skin in the game: Starting a business is a major risk.  By not investing your own money, you’re sending a message of doubt to potential funders. If you think, “Hey, I’m investing my time. That’s got to be worth something,” you’re still not investing enough. Your time is the measure of your effort. Your money is a measure of your passion.  As panelist Kelly Pruneau of Women's Capital Connection put it, “If you don’t put your own skin in the game, what makes you think I will?”
• Ask people you know: Friends & family—we all have them. When you have an idea that you’re passionate about and you know could be big, don’t be afraid to ask. Whether it’s a well-off uncle or a friend from college, the worst that could happen is that they say no. These people may also have wisdom in that field that will allow them to help in other ways
• Look to the crowd for answers: The great new trend for startups is to get crowdfunding. Sites like Kickstarter, Fundable and Gust all allow you to pitch your idea to millions of people who, in turn, can become potential investors. However, according to Rachel Qualls of Angel Capital Group, it’s important to “gather credible local investors first before looking to crowdfunding”. She also suggests, if possible, to accumulate 90% of your projected needed capital. This way, you’re dealing with people you know. You’re more likely to hear from the person who gave $5 rather than one who gave $5,000. She went on to say that due to the popularity of these sites, it is becoming increasingly harder to “rise above the noise”. Giving insight into the mind of potential angel investors that view funding portals, she says, “Don’t pay for extra listing fees that promise to increase visibility. Investors don’t care for it.  Instead, they look for what has already be raised and how quickly it can become liquid.”
• Know the rules before you get into the game: The recent popularity of crowdfunding has brought about the good folks of the Security Exchange Commission. On May 7th, 2012 they issued guidance to prospective crowdfunding intermediaries under the Jumpstart Our Business Startups (JOBS) Act (H.R. 3606). This measure was taken because the current crowdfunding space looks a lot like that of the stock market prior to the major crash in 1929. A full list of SEC guidelines for crowdfunding is available here.

Let’s say crowdfunding isn’t your cup of tea, mainly because you don’t like a bunch of random peoples’ hands in your tea.  That’s where angel Investors and venture capitalist firms come into play. Much like an elusive white-browed shortwing, these groups can easily be turned off by your actions so it is imperative to know how to deal with them.

• Know everything:  Investors understand that you are passionate about your business.  Don’t spend 14 minutes of your of 15-minute pitch only talking about how cool your business idea is. The investors aren’t really investing in the business. They’re in vesting in you. They want to know if you can do what you say you will. Have you done a reasonable financial forecast? Have you researched the market and potential competitors? What role do you expect from them? These are some of the questions that investors want to know the answer to.
•  Don’t just look for a check: You want to find a sophisticated investor, someone who has already had success. Nine times out of ten, their wisdom is more valuable than their money.
• Don’t be afraid to Think Big: There are many obstacles you may encounter along the way, but that shouldn’t get you down. When you have the opportunity to pitch to angel investors, be optimistic and fearless.

Getting funded is a major undertaking.  You may hear the word “no” 100 times but one “yes”. That “yes” is all it takes to make your idea a reality. Whether you ask friends and family, seek out angel investors, or look to crowdfunding, there is one thing that is universal: people invest in you.