What does your startup do?

Last week I was talking to an entrepreneur at Venture Atlanta and I asked the casual question “What does your startup do?” With that simple question I received a three minute response that was confusing and forced me to ask simple, clarifying questions in an attempt to get a basic understanding of the business. Entrepreneurs…

Atlanta Startups are Funded by Customers

At last week’s Venture Atlanta event I was talking with a number of venture capitalists from outside of Atlanta. After the first day, in which several early stage startups did a great job presenting, one venture capitalist made an observation I agree with: Atlanta startups are funded by customers much more so than investors. Immediately…

Venture Atlanta 2011 Startups – Day 2

The second day of Venture Atlanta was as exciting as the first. As expected, the startups were more mature and many had already raised institutional money. Here’s a quick run-down of the companies (I didn’t get to hear the second half so there aren’t as many details). SimpleC In-room multi media display Content delivered by…

Venture Atlanta 2011 Startups – Day 1

Venture Atlanta had a great event today showcasing a number of promising startups in the area. Here are my notes on the companies: OrcaTec Avg F500 spends $500M/yr on legal expenses Document decisioning suite Categorize, search, and cluster data Predictive coding of documents using machine learning Predictive analytics of unstructured data Raising $5M for sales,…

Venture Atlanta 2011 This Week

  Venture Atlanta has its annual event October 25th and 26th this week at the world’s largest aquarium. The great event has been expanded from one day to two days so as to showcase more startups, especially early stage and seed stage ones (boat analogies for startups). This year, 40 startups based in the state…

Notes from the Georgetown Baker Scholars Panel

Yesterday I had the opportunity to be a panelist for the Georgetown Baker Scholars event on entrepreneurship in Atlanta. Baker Scholars is a prestigious program  for undergraduates interested in business. The event was attended by 25 junior and senior undergraduates that traveled down from Washington D.C. for two days of programs in the Capital of the…