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,…