TechStars is an early stage venture fund based in Boulder, Colorado. ReadWriteWeb was given an early peek at historical results data on TechStars companies, which the organization is about to release. The data shows acquisition and failure rates, as well as how many of the TechStar companies have gone on to receive angel or venture funding.
TechStars reports that nearly 6 of 10 of their companies have historically gone on to receive outside angel or venture funding (not including friends or family). Five other companies reported that they are now profitable without outside funding, so overall 27 of 39 (69.23%) TechStars companies have either raised outside funding after the program or bootstrapped to profitability.
Georgetown roommates David Ambrose and Justin Tsang never thought their time spent together in the dorms would amount to a joint business. The two recently launched Scoop St. - a group buying discount site for local deals on restaurants, spa packages, sporting events and concerts. Similar to other shopping sites like Woot and GIlt, users have a limited time to purchase. However, with Scoop St. and competitor Groupon, a minimum number of users must sign up for an offer by the end of the day. When the minimum is met, your credit card is charged, but if no one else signs up for the deal, then you aren't charged a penny.
A year ago we launched the ReadWriteWeb Guide on Community Management with the knowledge that "Community Manager" would become an increasingly popular job title. Since then, the requirements of keeping your customers engaged have become more demanding. According to one report, contests are becoming increasingly popular. ReadWriteWeb caught up with Strutta CEO Ben Pickering, to find out what businesses can do to generate more participation from their contests.
If you want to be a great public speaker, your preparation has to be more than just blasting gangsta rap and shadow boxing in front of the mirror. Whether you have to videotape yourself speaking, join a presentation club, or rewrite your PowerPoint deck 40 times, it's important to be able to tell your own story. Few of us are born with the gift of public speaking but with a little preparation we can learn to persuade, sell and inspire.
Early-stage New York City startups are about to get some tender loving care and it's got nothing to do with Valentine's Day. As highlighted in Jason Calacanis' blog seed-stage investment group NYC Seed just launched an eight week incubator program where ten lucky companies will gain from startup mentorship, much-needed space and modest funding.
If you ever thought startup life would be about champagne toasts and million dollar term sheets then you need to get back in your time machine and set the dial for the nineties. If there's one thing we learned in the latter half of this decade, it's discipline. To say that it was a tough year, would be an understatement. But those of us who stayed lean will be back for 2010. While the below concepts weren't invented this year, they certainly hit their stride in 2009.
In 2006, Flickr co-founder Caterina Fake coined the term "BizDev 2.0" when looking at the phenomenon of supplying commercial API keys to startup partners. Said Fake, traditional business development meant "trying to get hopelessly overbooked people to return your email. And then after the deal was done, squabbling over who dealt with the customer service. [It's] much, much better this way!" Three years later, many are finding that while APIs are great biz dev tools for the larger provider, startups can often suffer under the thumb of their platform keepers.
While 2009 has been the year of the API, it's the codeless creative experiences that drive mainstream adoption. Every December, ReadWriteWeb's writers collect up their thoughts from 2009 and make predictions for the year ahead. My first prediction was that augmented reality applications would gain popularity. Part of that prediction was informed by a recent interview with Metaio Marketing Director Lisa Murphy.
If you're like many of us, you're home for the holidays. Rather than complaining about the springs in the pullout couch or watching endless television reruns, consider rediscovering your hometown. Featured on today's Flickr blog, Noticings is a location-based game similar to Foursquare that forces you to discover new gems in your old haunts.
Aptly-named consumer trend blog TrendsSpotting just released its poll from more than 30 social media influencers. The market research presentation identifies six trends that will change social media in 2010. In accordance with Ustrategy co-founder Ravit Lichtenberg's predictions, the experts believe that 2010 will be the year that social media ROI is effectively measured. The question is, how do you measure a dollar value from Tweets and status updates?