Startup Grind Sacramento hosts GrowthX Founding Partner Will Bunker

Startup Grind Sacramento in partnership with the Urban Hive and Projectile X will be hosting serial entrepreneur, Will Bunker on October 10.  Will co-founded the dating site that eventually became Match.com. He has invested in over 160 companies and  He currently is a founder partner at GrowthX Academy and GrowthX Capital.   GrowthX Academy is an immersive 12 week boot camp in San Francisco that has programs in Sales , Marketing, and Design.  GrowthX Capital is a seed stage venture capital for technology startups.

This event will be co-hosted by with ProjectileX. ProjectileX is a youth business education non-profit organization dedicated to furthering youth entrepreneurship through teaching a startups-oriented curriculum, organizing entrepreneurship conferences and networking events, empowering the youth to solve societal problems through projects, funded by our incubator, as well as putting the youth in a the driver’s seat to utilize our resources and connections and their drive to effect change in the K12 school system. ProjectileX’s programs are now in 116 schools across 12 countries.

The mission of Startup Grind is to educate, connect, and inspire entrepreneurs.   At this event, there will be networking, great food, and live music!  Here are the event details:

Date:  October 10, 2017

Time: 6 pm

Location: The Urban Hive, 1931 H St, Sacramento, CA 95811

Register : StartupGrind.com/Sacramento

Apptology is a sponsor of Startup Grind Sacramento.

By Rich Foreman, CEO / Apptology and Director of Startup Grind Sacramento. Rich co-authored the book Tap into the Mobile Economy and his blog has been listed in the Top 20 Mobile Marketing Blogs of 2014.  Follow Rich on Twitter at@ApptologyCEO or attend a Startup Grind Sacramento Event.

From Global to Local, AngelHack Heads Back to Sac!

I found my way into the wonderful world of startups at 24 years old, newly graduated, and excited about making a positive impact on the world. When I first joined AngelHack I didn’t know what a hackathon was (a 36-hour long coding competition), or realize the crazy journey that I was about to embark on that would take me all over the world.

My first trip took me on a multi-country hackathon tour that started in England and ended in Switzerland. I learned the ins-and-outs of what a hackathon was, who participated, and how to nurture the projects created post-event. From there, I went on to Australia, Spain, Thailand, Mexico City, London, Zurich, Fiji, and several places within the United States including Las Vegas, New York, Houston, Austin, and Hawaii. During this time, I explored different tech scenes, met tons of new friends, and saw some developers, designers, and even some non-technical entrepreneurs build some pretty impressive apps.

In 2014 we encouraged our community to become ‘Whole Developers’; a concept AngelHack coined that encourages developers to learn business soft skills to adequately and accurately describe what they built. In 2015 we watched their ‘Thoughts Become Things’ by taking the winning hackathon ideas from around the world, turning them into startup realities. Last year, we proved that ‘Anyone. Can. Code’ regardless of your skill sets, and brought out 52% more hackers than any series in the past.

I truly fell in love with the hackathon culture and community.

While this life of travel, and exploration is more than I ever could have hoped for, there is nothing quite like coming back home to Sacramento. Like a majority of my colleagues, I am based in Sacramento with lots of fond memories of this place. Compared to some other cities it is small, but I have never seen so much heart, coffee, or farm fresh food in one place.

For these reasons, and many others I am beyond excited to bring AngelHack’s 10th Global Hackathon Competition: ‘Commit To Your Code’ to my home town!

A little behind this year’s theme: Commit To Your Code. Since 2011, AngelHack has been in the business of organizing, facilitating, and executing hackathons – however, something some may not know about us is that we are also in the business of accelerating hackathon ideas. Having perfected the sourcing process over the course of our ten global hackathon series’, we invite each winning hackathon project into our HACKcelerator; ensuring global representation during our 12-week program, Silicon Valley week, and Annual Global Demo Day.

You can get a glimpse of this from the documentary Seed, now streaming on Amazon Prime, which shows the entrepreneurial journey of three startups from Nairobi, Palestine, and Palo Alto – all of whom went through our program last year.

While I am excited to bring a hackathon to Sacramento, I am even more excited to have Sacramento representation in our HACKcelerator this year! Though small, the tech community in Sacramento is thriving, and stock piled full of, super talented entrepreneurs.

Join us June 24th-25th in Sacramento at The Urban Hive for your chance to gain entry into our HACKcelerator, and represent SacTown with the top 1% of developers, designers, and entrepreneurs, globally!  Use: kels for a free ticket as a thank you for reading!

Our guest blogger, Kelsey Ruiz, is the PR and Media Relations Manager for AngelHack.

Sign Up for the 3rd Annual Startup Grind Summer Party

Startup Grind Sacramento will be hosting the 3rd Annual Startup Grind Summer Party on July 11th at the Urban Hive.  Unlike our normal monthly event which features an interview with an accomplished entrepreneur, this event is just a party to celebrate the Sacramento Startup Community.  We’ll have food, adult beverages, and live music.  Best of all, it’s free.

The party will feature tables with 10 Startups.  If you would like a table to promote your startup at this party, you can sign up here.  Our party typically has over 200 attendees and we have had some media coverage.  Here’s Mark S. Allen giving the Startup Grind Summer Party some TV coverage.

Here’s the event info:

Date:  July 11, 2017

Time:  6 pm – 9 pm

Location:      The Urban Hive

                        1931 H Street

                        Sacramento, CA 95811

Fee:  Free (but you have to register here)

By Rich Foreman, CEO / Apptology and Director of Startup Grind Sacramento. Rich co-authored the book Tap into the Mobile Economy and his blog has been listed in the Top 20 Mobile Marketing Blogs of 2014.  Follow Rich on Twitter at@ApptologyCEO or attend a Startup Grind Sacramento Event.

SMUD offering up to $100K Sponsorships to Nonprofits

One of the great things that I like about the Sacramento region is that I often see entrepreneurs creating nonprofits.   SMUD, our local electric service, just announced some great news for nonprofits—they’re awarding grants of up to $100K to nonprofits through their new Shine program.

To be eligible, the applicant must be a 501 c3 or 501 c6 located within SMUD’s service territory.  The types of projects that SMUD is looking for include:

  • Neighborhood revitalization
  • STEM Education
  • Environmental, energy efficiency, greenhouse gas reduction, and energy conversation
  • General beautification

SMUD is offering three levels of sponsorship:

Spark Sponsorships ($10 K or less):  Short-term (less than 3 months) and requires 50% fund matching.

Amplifier Sponsorships (up to $50 K): 3-6 month projects and requires a dollar for dollar match.

Transformer Sponsorships (Up to $100 K): 6-12 month projects and requires a dollar for dollar match.

“We want to help local communities make permanent improvements that will benefit their residents for years,” said Erica Manuel, SMUD’s manager of community relations, education and economic development. “Our new Shine program provides a great opportunity for nonprofits to receive the resources they need to really make a difference.”

The projects will be awarded based on the potential impact on the local community.  The deadline to apply is June 26, 2017.  More info can be found here:  smud.org/Shine.

By Rich Foreman, CEO / Apptology and Director of Startup Grind Sacramento. Rich co-authored the book Tap into the Mobile Economy and his blog has been listed in the Top 20 Mobile Marketing Blogs of 2014.  Follow Rich on Twitter at@ApptologyCEO or attend a Startup Grind Sacramento Event.

2017 UC Davis Big Bang Competition Awards

UC Davis Big Bang Competition is the biggest startup event in Davis.  This year, 70 companies participated in the 8 month program that started in October 2016 and concluded with the final pitches held on May 25th.   Personally, I was impressed with the final presentations.  Here are the award winners of the competition:

1st Place ($10, 000) 

Raydiant Oximetry has developed a low-cost, noninvasive fetal pulse oximeter that keeps mothers and babies safe during labor and delivery. The device is intended to reduce medically unnecessary c-sections that can create health complications to millions of babies and mothers each year and increase healthcare costs.

 

2nd Place ($5,000)

Chromatiscope aims to boost students’ scientific literacy by combining four specialized laboratory devices—each of which costs thousands of dollars—into a single, easy-to-use device that costs just $40 to $70. The result: more students can have the experiences necessary to excel in STEM.

 

People’s Choice ($2,500)

This award was voted by the audience.

AthleticOutlook:  A web-based platform that connects high school and college athletes with NCAA-experienced coaches for evaluations, feedback and resources.

 

Gowan / AGR Challenge Award ($10,000)

Two teams tied for this award and split the cash prize.

FloraPulse is building a data service for growers that provides water stress data for their crops in real time. This could replace current technology (pressure chambers) that dates back to the 1960s and that is slow, expensive and often inaccurate.

ReNew Foods is developing great-tasting, healthy snacks from high-quality rescued fruit and vegetable pressings.

Biomedical Innovation Award ($4,000)

Oomni Inc. is developing a drug called Oomnicoxib. When combined with current chemotherapies, the drug will improve cancer treatment.

 

Global Poverty Alleviation ($3,000)

Reach 1600 Foundation has developed a free, adaptive SAT prep program for students from underserved communities.

Innovation in Food & Agriculture Award ($3,000)

WISRAN identifies operation logistics inefficiencies in real-time for growers to capture profits.

1st Place Food + Ag Innovation Pitch and Poster Contest ($1,000)

Global Water Farms is working on developing solar powered desalination plants.

 

It will be interesting to see how the startups that participated in the competition turn out.  Sierra Energy can trace their roots as a past Big Bang People’s Choice Winner.  If you are interested in participating in next year’s Big Bang’s Competition, check out their site around October.

 

By Rich Foreman, CEO / Apptology and Director of Startup Grind Sacramento. Rich co-authored the book Tap into the Mobile Economy and his blog has been listed in the Top 20 Mobile Marketing Blogs of 2014.  Follow Rich on Twitter at@ApptologyCEO or attend a Startup Grind Sacramento Event.

 

 

500 Startups’ Batch 20 Demo Day:  The Summer of Love

The 41 companies of Batch 20 proudly graduated from 500 Startups three month Accelerator program by pitching to an auditorium full of investors on their Demo Day held on May 12, 2017.  The startups fell mainly into the categories of Digital Health, FinTech and Civic Tech.  With a flair for fun, the theme for the event was the “Summer of Love” and Dave McClure and the 500 Team were dressed up in their groovy getups.  In no particular order, here are some of the startups that I found hip.

 

Outta Sight!

I have two Amazon Echo’s in my house and use Siri often with my iPhone.  Consequently, Mycroft AI was my top pick for the batch.  They’ve developed an open source voice assistant platform that allows companies to create their own voice assistant interface.

Bummer…You Need a Lawyer

The only thing worse than going to a dentist is having to find a lawyer.  Having personally done this in the past, it’s really not fun.  Court Buddy helps consumers find solo practicing lawyers that offer flat rates.

Keep on Truckin’

 Preteckt has developed a platform that uses both hardware and software to provide real time data for big rigs and effectively predicts needed maintenance and minimizes on down time for the trucking industry.

Flashback: It’s Been Done Before But…

With Printivo, you can make business cards, custom stationary, banners, posters via their web site.  Hmmm….aren’t there a ton of companies like VistaPrint and Shutterfly that already do this?  Yes, but Printivo is the only online service that does this in Africa which is green territory worth an estimated $8 B.  I personally like startups that do functions that we find mundane in areas that are underserved.

Head Trip:  Why Hasn’t This Been Done Yet?

BenRevo has developed a sales automation platform for the health insurance industry.  This essentially provides the ability for health insurance to be purchased online.  Why is this head trip?  I don’t know why the insurance companies do this themselves.  Kudos to the Benrevo team for recognizing the need and developing a solution.

It’s Hip to be Square

Combine the most boring topics, government, big data, and urban planning and you get the startup, UrbanLogiq.  UrbanLogiq has developed a platform where they aggregate big data into a usable format which really helps out city planners.   A yawn fest for me but, if you’re a city planner, UrbanLogiq is pretty hip.

Nark and Get Paid

Sacramento based Text To Ticket has developed an app where you can report texting drivers.  A good video that catches the culprit will nab the nark $5 (Text to Ticket gets a lot more when they forward the video to the appropriate enforcement agency).

Groovy:  A Fun Startup

Win-Win has developed a platform where athletes can engage their fans by hosting games while raising funds for their charities.  I found their CEO, Mike Tauiliili, pretty interesting.  He was an NFL Player that played for the Indianapolis Colts.  Afterwards, he learned to code and joined the Silicon Valley startup world.

Join Batch 22

How well the Batch 20 companies do remains to be seen, but 500 Startups does have an excellent track record. Producing three unicorn startups (with a fourth, possibly on the way). 37 Centaurs, (valued $100-999 M), and over 300 Ponies ($10-99 M).

If you’re interest in 500 Startups, they are currently looking for applicants for Batch 22.

A good candidate should have:

  • Balanced Team
  • Product Launched
  • Traction with Good Metrics​

If your startup is interested in applying for Batch 22, find the application here.

After applying, be sure to ask your local Startup Grind director for a warm referral!

By Rich Foreman, CEO / Apptology and Director of Startup Grind Sacramento. Rich co-authored the book Tap into the Mobile Economy and his blog has been listed in the Top 20 Mobile Marketing Blogs of 2014.  Follow Rich on Twitter at@ApptologyCEO or attend a Startup Grind Sacramento Event.

SupportPay Founder Sheri Atwood: Almost on Food Stamps

Sheri Atwood, founder and CEO of SupportPay was named #5 out of the top “50 Women in Tech Dominating Silicon Valley.  In her interview with Startup Grind Sacramento, Sheri discussed her entrepreneurial journey.

Chaotic Childhood.

Sheri’s childhood was chaotic having to attended over 20 schools by the time she received her diploma. After graduating from UC San Diego, she started working with Sun Microsystems and later attained an MBA to sharpen her business skills. Shortly after having her daughter, she parted ways with her husband and put her best forward to end on a good note. She quickly realized that despite her efforts, the side effects of a divorce can complicate things. One day while doing an expense report for Symantec, Sheri started to imagine how such a report could be used to benefit her child support dilemma. She quit her high-paying VP position, learned how to code and started to build her application. Within a year she was able to get her first 100 users and gained valuable insight on the most-needed features and ideal price point.

“The Bigger the Pain, The More They’ll Pay”

It didn’t take long to discover that some divorcees would pay virtually any amount to automate their childhood affairs. But when in the room with Valley VC’s, many had doubts and solidified the price point at $9.99/month. After continual pitches and little response, funds started to get low and Sheri needed to find an investor and fast. Almost miraculously, 2 of the biggest Silicon players, Marc Benioff and Tim Draper gave the greenlight on a $100 k investment. If Sheri wouldn’t have received funding at that precise moment, she planned to apply for food stamps the following day.

SupportPay

Since then, SupportPay has successfully raised an $4 M Series A round and have moved their operation to Sacramento. You can watch her Startup Grind Sacramento Interview here.

By Rich Foreman, CEO / Apptology and Director of Startup Grind Sacramento. Rich co-authored the book Tap into the Mobile Economy and his blog has been listed in the Top 20 Mobile Marketing Blogs of 2014.  Follow Rich on Twitter at@ApptologyCEO or attend a Startup Grind Sacramento Event.

Sacramento Kings Hosts 2nd Annual Capitalize Startup Contest

capitalize_lrg

Last  year, 89 startups participated in the Sacramento King’s Capitalize Contest.  It was a March Madness type of event which had several judging rounds that culminated to a four finalist where the winner was decided by Kings Fans.

The Sacramento Kings announced the second year of Capitalize, the NBA’s first startup pitch contest showcasing local entrepreneurs. Moneta Ventures, an early-stage venture capital firm based in Folsom, California, is collaborating with the Kings to highlight the most promising innovators and companies of the Sacramento region, potentially launching their unique products into a global marketplace.

Startups within 75 miles of Sacramento may submit applications for this unique contest. Visit Kings.com/Capitalize to begin the application process.

“The inaugural Capitalize contest highlighted the best and brightest innovators that come right from our community who are ready to compete on a global stage,” said Kings President Chris Granger. “We’re excited to see what projects rise during this year’s competition and grow Sacramento’s emerging innovation economy. It’s a unique way for us to use our robust background in tech to support our community’s entrepreneurs.”

Last year’s finalists have seen tremendous opportunities following the first NBA VC contest. Finalist California Safe Soil provides its innovative waste solution at the Kings new home, Golden 1 Center – the most environmentally friendly and technologically advanced arena in the world – and has expanded to an 80,000 square-foot facility to meet new client needs. Finalist Barobo received the 2016 Sacramento Regional Innovation Award for Hardware and Electronics and looks to partner with the Kings Foundation on a school STEM initiative.

“We are excited and proud to be working with the Sacramento Kings to continue to grow the Sacramento tech economy,” said Moneta Ventures Managing Partner Lokesh Sikaria. “As a fund focused on early-stage companies, the Moneta team hopes to add valuable insight to the Capitalize contest process.”

Capitalize is a two-round tournament where 16 local innovators will compete to be selected for a cash prize and lunch with an owner of the Sacramento Kings. Sixteen semi-finalists will be selected to participate in a one-day pitchfest, where they will have an opportunity to impress a panel of judges consisting of local investors and technology executives. These judges will select the top four companies to move on to the finals.

The four finalists will compete for the fan vote on Twitter from March 15 through March 22, when they will join the join the Kings and Moneta Ventures at Golden 1 Center for Tech Night on March 22. The winner will be announced and awarded a grand prize package.  The deadline to apply for the contest is February 17, 2017.

Impact Venture Capital Entrepreneurs Showcase Accelerator

EOH

Impact Venture Capital (formerly Velocity VC) is taking applications for their Entrepreneur’s Showcase Accelerator.  The most promising technology startups from Northern CA are selected to engage in 8 weeks of intensive education and mentoring sessions in order to refine their business model, hone their pitches, and prepare to take the stage in front of investors on Demo Day. The Entrepreneur’s Showcase was a recipient of the City of Sacramento’s RAILS Grant.    Apptology went through the program in 2013 and we highly recommend the program.

Application: http://impactvc.com/showcase-accelerator/

Benefits include:

  • 30+ hours of intensive coaching, mentorship & peer review
  • 6 months of access to co-working space
  • Free Office hours – including legal, sales, business & marketing
  • Promotion via web, social & events
  • Opportunity to present to investors, customers, mentors at Demo Day
  • 50 company Alumni Network

Applications Due: 2/20 Accepted Companies Announced: 2/23

Please contact info@impactvc.com with any questions.

*Sessions will be Tuesday nights (6:00-9:00pm) at 801 K Street, ste 2800, Sacramento 95814

Howard Love: The Original Business Plan Never Works!

Howard Love is a startup legend founding or co-founding a total of 15 companies since 1985. Some of his most notable enterprises have been LoveToKnow, PageWise, and Flex Jobs. He recently released his new book, “The Startup J Curve” that stresses the importance of agility and willingness to follow through with change.

No time for reading? Fine! Watch the video interview by clicking here now! 

While attending Colgate University, him and his partner changed the school’s computer network to a trading system. It evolved into a technical analysis and software charting package for users of the original IBM PC. They made an okay name for themselves and later got involved in software development tools. After moving to Silicon Valley, they named the tool “Zap” and sold them in abundance. By 1996, their original charting package eventually merged with Roguewave Software and provided him with enough funds to start angel investing.

“The Original Business Plan Never Works…But that’s Okay!”

At the time, Angel investing was frowned upon and lacked structure. Him and his venture partner decided to be a lot more hands on with entrepreneurs by partnering up and offering additional support. Howard would launch startups with any candidate he thought had potential. They may polish the original idea, provide substantial funding, and even lead the first round. Howard values the character of individuals he works with because he believes the team is most important. Funding will come and go and the the idea constantly changes. Your team members on the other hand, will stay the same which is why it’s important that everyone’s compatible for the long-term.

6 Phases of the Startup J Curve: “Create, Release, Morph, Model, Scale, Harvest”

In his 35 years of entrepreneurship, Howard understands that startups either evolve or die. Many successful startups take time to eventually reach their peak and  popular “overnight success stories” such as Twitter and Groupon he feels are a misconception. Howard admires the efforts of startups creating a solid business plan but looks more for the ability to pitch their idea. What he looks for in a business pitch is the team’s resourcefulness; are they able to do a lot with a little? He also wants a sharp and open mind, ambition, passion along with an undeniable energy that can sustain the growth process. Above all, he feels that you have to like the individuals on a personal level before even considering investing time let alone money into their venture.

If you want to get more in depth with the most helpful entrepreneur insight available, watch the full interview now! 

By Rich Foreman, CEO / Apptology and Director of Startup Grind Sacramento. Rich co-authored the book Tap into the Mobile Economy and his blog has been listed in the Top 20 Mobile Marketing Blogs of 2014.  Follow Rich on Twitter at@ApptologyCEO or attend a Startup Grind Sacramento Event.