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  • Alexa Lee 6:01 pm on December 20, 2012 Permalink
    Tags: , , Media, , PR, , StartX News   

    Meet the Press, PR – Media Education for StartX Startups 

    Tech reporters and StartX startups in small group Q&A. Photo by PaulSakuma.com

    While startups do some pretty cool things, they’re often not very savvy about sharing their stories with the media. Good writers are always looking for leads and story inspiration. To connect tech journalists and StartX founders, we launched our first ever, “Meet the Press” educational media event last week, sponsored by law firm Fenwick & West. The results? A better understanding of the technology media and how to pitch a story as well as many new entrepreneur-reporter connections formed.

    “I love it when great, symbiotic communities come together to help each other! The press participation was awesome and I learned a lot,” said Mark Brenneman, founder of Pico, an app that makes event planning as “easy as sending a text.”

    Media Advisors Contribute
    The evening’s “headliners” included more than a dozen technology reporters who shared their media experience with our StartX community of entrepreneurs. As a non-profit, education-focused entity, such community-based help is critical and sincerely appreciated!

    Media educators at StartX share tips on pitching. Photo by PaulSakuma.com

    Part I – Panel Discussion
    Part I of the event was easy. In some ways, it was like reverse Demo Day. Instead of sitting in the audience, attending media were front and center. Each gave a quick introduction. The entrepreneurs took notes and tried to differentiate the writers and their outlets. With a good understanding of what each reporter focuses on, it becomes easier to know who to contact when you have news to share. Listen for yourself by playing the audio below.

    As memories of poor PR outreach started to resurface, the reporters became even more motivated to talk. They seemed to agree that email contact was the most common and usually most efficient way to communicate a company pitch. To be effective, Liza Boyd, a magazine writer for Fast Company and San Francisco, strongly recommended good preparation.

    “Do your research. Know what they cover. Know what angles they’re interested in. Because when we get that generic email, please be assured that is the fastest way to get into the trash bin,” she said.

    CNET columnist and #Dominatefund manager Ben Parr, added that having a personal introduction via email or an attention-grabbing subject line can help.

    “Try to get an introduction from someone the writer might know or put something in the title that will get their attention, even if it is just ‘Stanford,’” he said.

    Silicon Valley Business Journal’s Jon Xavier advised the entrepreneurs to diligently follow up.

    “Some reporters get hundreds of emails a day, he noted. “Don’t just send an email and forget about it.” He suggested trying other channels, including social media.

    (Left to right) Boonsri Dickinson, Anthony Ha, Jon Xavier, and Angela Hey. Photo by PaulSakuma.com

    While TechCrunch writer Anthony Ha is very active on social media, he advised the group to pay attention to details. His LinkedIn profile says, “Do not contact me via LinkedIn,” but people still try to contact him about stories there. For pitch content via email, he told the audience to think of the inverted pyramid style that traditional newspapers use, where the key facts and points are presented, first.

    “Every single paragraph has to have the most important information. Assume a reader can jump off and stop at any time. Every single piece is an essential piece,” he explained.

    Boonsri Dickinson, a writer for Byte, shared a simple tip, “Write like a human!” She said jargon-filled emails just end up being hard to read.

    To figure out what to highlight in a pitch, VentureBeat’s Christina Farr, recommended using the elements in your story that usually get people excited.

    “Think about – what’s the story that when I talk about my startup, it makes them go, ‘OMG, that’s so cool!’ That’s what we want to hear about too,” she explained.

    Mountain View Voice tech columnist Angela Hey said she’s only interested in Mountain View companies and clarity is key.

    “I need a very clear description. I like software and mobile. I like to look at where the future trends are. I like to do my own investigation and meet with the company,” Hey told the entrepreneurs.

    Rafe Needleman, a veteran journalist who recently launched Opportunity Notes for Evernote, told the audience not to excessively self-edit, which can sometimes stifle good content.

    “Let the story flow. Every person has a story and in many cases, it is not always the story that you think it is,” he explained.

    Producing a well-written story is how MIT Technology Review’s Rachel Metz pleases her editors. We asked, “What makes the boss happy?” For Metz, a magazine writer, publishing a thoroughly researched piece is highly valued. It usually begins with a good interview.

    “A startup being really willing to share information about how they’re doing and some personal details as well. That is what will make up a really good story,” she said.

    Sensing that the audience might be feeling intimidated about the challenge of getting press attention from the “wall of journalists in the room,” Wade Roush, West Coast editor for Xconomy, told entrepreneurs to think beyond conventional publications. He advised them to develop other channels for getting their message out, such as posting on a blog.

    “Don’t obsess over this. We are gatekeepers for a very specific kind of communication and it is not the only communication on earth,” he said.

    Michael Chiu, co-founder of Medigram, who also participated in the event, could not agree more. His own company, featured by Roush earlier this year, develops HIPAA-compliant messaging apps for medical communications and just launched its own “Mediblog.” As CEO of a seed-stage company, Chiu does all his own PR work. Most panelists felt that early stage company founders should be doing the same until their business demands a more complex communications strategy.

    “For me it is almost about avoiding PR for as long as possible. I would love to hear from you, especially at an early stage. I’d love for you to reach out to me and see if we can start a conversation,” said Farr.

    While that might be a preference for some writers, Shelly Gordon, a PR professional with G2 Communications who attended the event said, “I wasn’t surprised by the somewhat negative comments about PR professionals. Science & health journalists can be even tougher. We face the challenge of serving two masters: our clients and the press.  But I agreed with Wade/Xconomy that we’re all just trying to do a decent job in our respective fields.”

    Wade Roush, Xconomy talking to StartX founders. Photo by PaulSakuma.com

    Part II – Breakout Groups
    For the second half of the evening, founders, writers, and PR folks formed small groups to make introductions and engage in more intimate Q&A. Initially, this was the awkward part. Many tech founders are not natural self-promoters and some tech writers are self-proclaimed, shy “geeks.” Regardless, they eventually got talking. The groups covered a wide range of topics. Some founders wanted to learn how to make sure your story is told correctly. Others asked for tips on executing a good press launch. One group talked about “best and worst ways to get attention on a budget.” Jeff Kostermans, co-founder of Insynctive, a cloud based HR HelpDesk solution, said the interaction was a unique, appreciated opportunity.

    “StartX Rocks! This enabled Insynctive to get invaluable face time and have conversations with local media,” he said.

    Event and Dinner Sponsor – Fenwick & West

    The discussions continued as attendees nibbled on a Korean bulgogi and kimbap dinner. MindSumo intern Aaron Weiss also got the chance to mix and mingle for his first-ever StartX community event.

    “It was great to learn from individual panel members during the informal dinner!” he said. MindSumo, a StartX company that was covered by Needleman at the Fall 2011 Demo Day, is a platform that connects students and employers by hosting companies’ real-world challenges.

    The next challenge for these StartX founders and media experts will be to put ideas and introductions into action. Good luck and thank you to everyone who participated and helped organize!

    Event Photographer: Paul Sakuma

    Xconomy — Wade Roush, @wroush
    Byte – Boonsri Dickinson, @boonspoon
    TechCrunch – Anthony Ha, @anthonyha
    San Jose Business Journal – Jon Xavier, @svbizjon
    Mountain View Voice – Angela Hey, @techviser
    Technology Review- Rachel Metz, @rachelmetz
    Evernote Opportunity Notes – Rafe Needleman, @rafe
    VentureBeat – Christina Farr, @chrissyfarr
    Fast Company & San Francisco – Liza Boyd, @ebboyd
    CNET – Ben Parr, @benparr
    DishDaily – Chuck Stern, @thedishdaily
    DishDaily - Sebastain Gould, @thedishdaily
    AllThingsD – Camira Powell, @allthingsD
    NBC11/Press Here
    – Scott McGrew – VIDEO CONTRIBUTION, @ScottMcGrew
    Stanford Daily – Billy Gallagher – VIDEO CONTRIBUTION, @GallagherBilly

     
  • Greg Greiner 12:37 pm on May 29, 2012 Permalink
    Tags: StartX News   

    Startup Accelerator – What is it and How Does it Help? 

    People curious about StartX often ask us a lot of questions to understand what we do and how we do it. The most common questions are “What is a startup accelerator?” and “Why is it important?”, so we decided to address these questions fully here.

    What is it?

    A startup accelerator is an organization that works to accelerate the development of early stage companies by providing an ecosystem and the resources that help high quality startups further their growth quickly. This is important for startups, because there is a window of opportunity that these startups are trying to access, and they need to reach this window at the right time with the right capabilities. Most accelerators take a percentage of the startups equity in return for this support.

    What kind of startup accelerator is StartX?

    StartX is the Stanford Student Startup Accelerator, and is a non profit entity. The mission of StartX is to help the most passionate, talented and innovative founders develop as entrepreneurs. StartX is not your average startup accelerator. What really sets us apart from other incubators and VC funds is that we are entirely an educational initiative. Since we take 0% equity, we are able to recruit and advance the development of extremely talented founders who don’t want to give up any portion of their company, and at the same time provide the same kinds of benefits that other incubators provide. Our companies are extremely diverse, from gaming and e-commerce to battery technology and stem cell engineering.

    How does StartX help?

    We provide these founders with a powerful community of some of the best entrepreneurs in the Valley, who provide each other with peer learning, motivation and support. We also offer a highly structured mentorship program where each company is provided a dedicated set of mentors who help them think through business and founder issues. In addition, we also have a strong community of mentors who come in to provide the companies with real time education as and when they need it. As a startup accelerator, we also provide a number of infrastructural resources, including office space, free legal services, banking etc.

     
  • StartX Staff 3:06 pm on May 15, 2012 Permalink
    Tags: , , StartX News   

    Interview with VipeCloud Founder – Adam Peterson 

    We’re pleased to announce that VipeCloud recently joined StartX as one of our Entrepreneurs-in-Residence, and we’re glad that Adam Peterson, the founder and CEO of VipeCloud is sharing his story with us.

     

    What inspired the idea of VipeCloud?

    When operating VipePower, a niche business in the video space for the past few years, we observed that a lot more people view videos than create videos for use in business. Also, for the most part, the only people inside an organization who manage video players like YouTube and Brightcove are marketers and IT professionals. There was a large group of people who lived between the creators and the viewers who were not being targeted by any existing platform, and were actively looking for engaging content to distribute. A great example of this is a sales person looking to engage a customer. There is also no way for a marketer to measure the impact of their video.

    Based on these findings we identified a large opportunity: to create an offering that caters to sales people through a bottom-up approach, and to wrap the use of video into a business process that helps sales people discover, share, and measure the impact of their videos. It turns out that helping sales people discover relevant videos is a win-win for all involved – the creator of the business-relevant video whose video was discovered, the sales person, and the end-viewer who was provided the relevant video.

    How did you build your founding team and what criteria did you use?

    The VipeCloud founding team is the same team that got the niche business, VipePower, off the ground. We knew we worked well together, we all had experience in the video space, and each person brought something unique and valuable to the team. As a young entrepreneur trying to build a video application targeting a niche industry of staffing & recruiting I desperately needed three things: a software developer, credibility, and cash to make it all happen. I then worked to get as specific as possible about the details of what I needed, and basically told the world what I was looking for. As a result, I relatively quickly had an advisor, Robin, with a career’s worth of experience in the industry I was targeting, and a developer, Eli, who could work the entire stack and was willing to put together a deferred payment agreement. Working my network again, I was able to pull together some friend and family money from angels – angels who I realize today as we evolved the business, invested in me and not the business.

    My advisor introduced me to Amalia whom he had worked with before at multiple different companies. She became a key asset for shaping the product, getting customers up and running, and providing feedback from the customers into our roadmap.

    I needed someone from the enterprise software world to help truly scale the business so I set out to find an enterprise software guru. It happened that I ran into a family friend who has 35+ years of experience in enterprise software, was formerly the Director of the Direct Marketing Division at Oracle and had experience with 20 or so different startups in one capacity or another.. Byron started as an advisor but proved to be helpful in so many areas that we gave him a title, a bigger chunk of the company, and brought on him full time. With that, the founding team was ready to change the world of business video.

    How did you finance VipeCloud?

    Every company seems to have a unique financing story when you dig into the details. VipeCloud is proving to have its own special story that dates back to VipePower. VipePower was funded with convertible notes and warrants from friends and family angel-investors. While the business was self-sufficient, it proved not scalable enough to either attract institutional investment or satisfy the drive of the founding team.

    As a result, when the idea for VipeCloud was conceived, we decided to use the revenue from VipePower to build VipeCloud rather than continue to develop VipePower. As we near the launch of VipeCloud, we are attracting additional financing from existing investors, new angel investors, and also building relationships with institutional investors to build on as we reach future milestones.

    What were the biggest challenges you’ve faced in generating interest in your company?

    Bringing a product to market successfully is the single biggest challenge of software companies today as few question your ability to actually develop the application. A major challenge I faced in generating interest in my company stemmed from my ability to understand and evaluate the size of the market in which I was operating – and as a result, get a large universe of people excited about what I was up to.

    When I first launched VipePower, I had just come out of investment banking, had little to no experience working in my target industry, and was building a software application for a relatively new technology – online video – to bring to a target audience not known for being first adopters. I did what I could to build my credibility by pulling a team with industry experience together and diving headfirst into the industry itself. That meant getting involved with industry associations at the board level. I generated a LOT of interest in my company and many would say VipePower is the best known video brand in the staffing and recruiting industry.

    That said, the industry itself was holding me back. My business simply never would be large enough if we limited ourselves to staffing and recruiting alone. So we had to broaden our reach. But how do we do that if the product and team I built revolved around this industry? It turned out luck was on our side. While we built our little niche business, we witnessed a lot of video companies try and fail. We watched as online video evolved from an early adopter technology into a utility. And we were tuned into the broader needs for video across all businesses – enough to start to see a major opportunity before us.

    The team came together and leveraged our experiences with VipePower and our perspectives unique to our skillsets. VipeCloud was born. Furthermore, credibility was now a strength as I proved I could lead a team through a bad recession, never let our cash balance drop below zero, and required no additional investment along the way – all while living and breathing business video.

    That brings us to today, a whirlwind as momentum builds for us. We are in the last mile of product development. I joined StartX – Stanford’s Student Startup Accelerator as an EIR. And we are getting the attention of existing and potential investors. By and large, a much broader audience than VipePower ever attracted is beginning to show interest in VipeCloud. We invite your readers who want to learn more about using video in the sales business process to sign up for our free private beta at http://www.vipecloud.com.

     
  • Alexa Lee 7:36 pm on April 16, 2012 Permalink
    Tags: , , StartX News   

    StartX Welcomes Spring 2012 Founders 

    StartX Spring 2012 Community. Photo: Alexa Lee

    Our Spring 2012 class, the largest StartX session to date, has settled in and the office is bursting with people, dogs, equipment, and energy like never before!  After a series of introductory events such as our Welcoming Party and Office Warming Breakfast, the 16 startups have acclimated to StartX life. Their schedules quickly filled with mentor meetings, workshops, speaking events, product development, fundraising talks, and community events.

    StartX party by Game Closure, Jetlore, & MindSumo. Breakfast by Medigram, Wyatt. Photos: Alexa Lee

    At all hours, we now have founders coding up a variety of mobile and internet applications. In our same office space, you’ll find rows of workbenches. Yes, a few teams are building tangible products in our headquarters to be used in the real, physical world. In one workstation, you’ll find the tools of educational toy designers. In another, you see an array of eyewear prototypes and can hear the hum of 3D printouts in progress. It’s an awe-inspiring sight to see and we feel really lucky to be working with these very talented founders.

    Below is a brief look at our 6th class. While many of our Stanford-affiliated founding teams have chosen to stay out of the spotlight for most of the session, you’ll be hearing about a handful of them over the next few months. One company, Vergence Labs, just launched their Kickstarter for computing enabled eyewear and was prominently featured on the cover of Singularity Hub. Check them out!

    Spring 2012, StartX

    Founders at a glance:

    • 41 founders
    • 70% are completing or have attained advanced academic degrees
    • 10% are completing or working towards Computer Science degrees
    • Founder who is a wind turbine designer
    • Founder who programmed a six-legged robot in 8th grade
    • Founder who built a successful computer animation and visual effect studio
    • Founder who is a professional musical recording artist and DJ
    • Innovator in Residence – 18 years old
    • Academic majors represented: Education, Business, Computer Science, Linguistics, Physics, Human Biology, Mechanical Engineering, Electrical Engineering, Aerospace, Sustainable Design & Construction, Chemical Engineering

    Companies at a glance:

    • 16 companies
    • (2) Early childhood learning technology startups
    • (2) Cleantech companies
    • (3) Healthtech companies
    • (4) Consumer web (1) enterprise web
    • Industry focus: edtech, cleantech, hardware, enterprise, consumer web, mobile, finance
    • 35% received previous funding
    • Team of rocket scientists (aeroastro physicists)
    • Team of toymakers with combined mechanical, electrical, and industrial engineering expertise
    • Team of musicians
    • Team of Dads
    • Company working to increase # of women in technology
    • Company aiming to bring the world closer through language
     
  • Soumya Santhanakrishnan 4:26 pm on February 14, 2012 Permalink | Reply
    Tags: , StartX News   

    Early Stage Financings with Craig Schmitz & Jon Runyan, Goodwin Procter 

    A legal workshop on early stage financing was conducted at StartX on January 18, and the purpose of the workshop was to provide StartX community members with a better understanding of the key terms and components of early stage financing, and actionable information on how to best approach such financings.

    Craig Schmitz and Jon Runyan hosted the workshop. Craig and Jon are both members of Goodwin Procter’s Technology Companies Group, where their practices focus on representing emerging growth companies, particularly in the technology and life science sectors, venture capital firms and underwriters.

    Key Takeaway

    Founders can greatly enhance the outcome of financings if they are properly informed on the meaning of legal language, especially in areas of control, protective provisions, and liquidation preferences.

     
  • Soumya Santhanakrishnan 4:25 pm on February 14, 2012 Permalink | Reply
    Tags: , StartX News   

    Dinner Speaker Series with Dan’l Lewin, Microsoft 

    Dan’l Lewin, cofounder of NeXT and current Corporate Vice President for Strategic and Emerging Business Development at Microsoft, was the Speaker on January 12 as part of the Dinner Speaker Series that StartX is hosting.

    Dan’l shared his founder stories with StartX Fellows, discussing how he arrived in Silicon Valley and how he used his understanding of relationships to develop his marketing strategies, including the first ever in-school distribution for Apple.

    Key Takeaway

    Distribution and marketing strategy can make or break a company.Large companies have many product and service spaces for small, young companies to fill.

     
  • Soumya Santhanakrishnan 12:34 am on February 14, 2012 Permalink | Reply
    Tags: , StartX News   

    IP Protections Workshop with Erik Milch of Cooley LLP 

    Erik Milch, a Partner in the Patent Counseling & Prosecution practice group, and a member of the Cooley Litigation Department held an IP Protections Workshop for StartX Fellows on January 9th.

    He provided them with actionable information on how they can best protect their intellectual property, and avoid early mistakes that may affect a future financing or exit.

    Key Takeaway

    Simple, low cost and early steps to secure and define your company’s intellectual property saves an enormous amount of time and money, especially during future financings or acquisitions.

     
  • Soumya Santhanakrishnan 10:43 pm on February 2, 2012 Permalink | Reply
    Tags: StartX News   

    StartX is now accepting founder applications! 

    If you’re starting or building a company, APPLY HERE to become a StartX Fellow! The deadline for applications is Sunday, Feb. 12 at 11:59 pm. If you are serious about starting a company and changing the world through entrepreneurship, this is the best place for you to develop.

    If you are in the early stages of company, you know that finding relevant and high quality information, resources and people is very time consuming. And as a founder, you also know that time is your most valuable resource. So, how can you obtain the skills and tools needed to move quickly? The StartX system develops you into an extremely effective entrepreneur and equips you with tools to accelerate your personal and professional growth as a founder for life.

    We provide

    • A peer community of the highest quality Stanford founders
    • Committed mentorship from entrepreneurs and experts
    • Quick access to the information you need when founding a company
    • Training on a variety of topics such as IP issues, company culture, equity split and more
    • Access to infrastructure resources to help you focus, such as office space, free legal support, banking, accounting and more…
    • Access to and mentorship from the experienced StartX Fellow alumni community

    Best of all – we take 0% equity.   

    Your team is eligible if at least one of the founders has been enrolled in one of the previous three quarters at Stanford.  We accept all types of founders.  Past founders have ranged in various backgrounds from undergrads and PhDs, to business and medical school students.  Industries have included clean tech, biotech, medical devices, consumer internet, enterprise sales and clean energy.

    You can also check out recent press mentions of StartX on Business Insider and in the Mercury News, and recent press mentions of some of our companies are here: LarkCarbon LighthouseMotionMath, and Mindsumo.

     
  • Soumya Santhanakrishnan 8:31 am on January 7, 2012 Permalink | Reply
    Tags: StartX News   

    An inside peek into life at StartX, featured on Business Insider!

    http://www.businessinsider.com/this-is-why-youll-be-jealous-you-didnt-go-to-stanford-inside-startx-2012-1
     
  • Soumya Santhanakrishnan 3:38 am on December 29, 2011 Permalink | Reply
    Tags: StartX News   

    Check out StartX featured on Mercury News!

    http://www.mercurynews.com/business/ci_19634926
     
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