Archive for the ‘Uncategorized’ Category

We are hiring a General Manager for The Brandery

Thursday, December 8th, 2011

With the tremendous growth of  The Brandery over the last 18 months, we have decided that it’s time to bring on a full-time General Manager for our program.  This role is going to be at  the epicenter of the Cincinnati startup community work and we are looking for someone who wants to make a lot of great things happen.

If you are interested, you can apply for the job on Startuply.  We’ll be moving fast to fill the role so don’t delay.

General Manager – The Brandery

The Brandery (brandery.org) is a nonprofit which aims to grow Cincinnati’s entrepreneurial community and our national reputation as a Consumer Marketing Hub.  The Brandery takes a thematic approach by focusing on consumer oriented startups and leveraging our region’s strength in marketing, branding, and retail.

The Brandery is predominantly focused on a 3 month long Startup Accelerator that takes place annually in August through October.  Started in 2010, the program has graduated 14 startups from its’ first two classes including Giftiki, VenturePax, RentShare, Roadtrippers and Choremonster.  In a short time, the program has achieved international attention, being named by Kauffman as one of the top 10 accelerators in the country and invited to be a charter member of the TechStars Network.

As The Brandery enters 2012, it’s time to make sure that we build upon the success of these past two years.  With that, The Brandery will be hiring a full-time General Manager who can help fully realize the potential of the program.  We are looking for someone that has a true passion for startups, technology, and the potential of Cincinnati. This will be a person who wants to jump headfirst into Cincinnati’s growing startup ecosystem and really make a lasting impact in our community.

The General Manager will be asked to wear many hats at The Brandery.  These responsibilities include:

  • Coordination of The Brandery Accelerator program including the application process and Demo Day
  • Running day-to-day operations of The Brandery (ie event planning, coordinating scheduling, communication with service providers, etc)
  • Organizing Brandery events in the community (hackathons, guest speakers, workshops)
  • Maintaining communications with the community online via our blog, twitter, Facebook and media
  • Track the impact of The Brandery and our graduates in job creation and other measurements
  • Helping our graduates recruit and hire great employees (and sometimes even find co-founders)
  • Outreach to universities, entrepreneurs and startups nationwide for application to The Brandery
  • Empowering students and others to join (or found their own) Cincinnati startups
  • Organizing The Brandery fundraising, financial tracking and financial reporting to supporters

An ideal candidate should:

  • Value mentoring
  • Enjoy meeting people and helping build a community
  • Possess technical ability sufficient to manage spreadsheets, wikis, blogs, etc.
  • Possess communication/expression ability sufficient to keep our community updated with coherent concise text
  • Be comfortable with a job requiring the diversity of high-level and low-level tasks described above
  • Be very, very, very organized
  • Share the values of our team and a 20 year vision for building Cincinnati’s startup community

Startup Lesson from Max Levchin

Tuesday, November 1st, 2011

Over on Quora, Max Levchin provided a great response when asked about his greatest lessons in entrpreneurship:

Among Max Levchin’s lessons learned as a young entrepreneur, which are the greatest?

It’s usually better to have a cofounder than go it alone.

Being an entrepreneur is not about being in love with an idea, it’s about being in love with running a company.

Having a highly homogeneous (background, education, values, preferences, etc) very early team is better than not — cuts down on time-wasting arguments.

You can have successful teams where people hate but deeply respect each other; the opposite (love but not respect among team members) is a recipe for disaster.

If there is any doubt about hiring a candidate for your first 5-6 positions, there is no doubt — do not.

You cannot hire a cofounder.

Do not allow senior managers to develop long-term grudges against each other. You will have to arbitrate those later, a huge time sink.

All compensation information eventually becomes public, and usually eventually == very quickly.

In many cases “working from home” is not really working.

Most often, when someone wants to leave your company, you should let them. Chasing them with offerings of money and power messes up the incentives of others.

Intra-office romance is usually (but not always) bad news.

Figure out one thing each of your investors is genuinely really good at, and insist they help you with that. Among other things it will save you from their help in other areas.

Consider on occasion whether the adjective “relentless” applies to your team. If not, you probably need to step it up.

Leadership by example is the most effective type. If you expect the troops to crank through nights and weekends, better be there yourself, even if you aren’t actually involved in the task at hand. It’s a little irrational, but it inspires people.

One usually raises money on great story or great results. Raise before, or right after launching. Don’t plan to raise a few weeks after launch.

Having a large and complicated cap table is rarely a good idea. Few committed angels is better than $5k from everyone and their brother.

Board meeting should never be product strategy debates. Double true that for product tactics.

Have a cardboard box at board meetings where attendees must deposit their mobile devices at the start for the entire duration of the meeting. At the very least suggest that idea.

Serve food at board meetings.

If you have a cofounder, give them a board seat. If you can, keep one more for yourself, and leave it empty. You’ll need it later.

Cofounders (under usual circumstances) should have same amount of equity.

Raising money between May 20th and August 10th, and Nov 10th through January 15th is somewhat harder than during any other time of the year — many VCs vacation during those times.

Never, ever agree to participating preferred.

Redemption rights are actually OK (it seems to be an East Coast thing), if placed a bunch of years out. Startups shouldn’t be in a limbo for that long anyway.

If you are going for a big raise at a huge valuation, consider the resulting pref overhang (and its impact on future employee motivation) very carefully.

You are not designing for yourself, and shouldn’t be. Most people using the Web don’t understand (most of) what makes it work and don’t want to. Design for those people — there are many more of them than you


8 companies launch at 2011 Brandery Demo Day

Wednesday, October 26th, 2011

Yesterday we launched our eight 2011 graduates at Demo Day.  In front of a crowd of over 350 investors, the companies did an amazing job and we could not be more proud.  The 2011 graduates included:

  • Choremonster
  • Keepio
  • Leap
  • Receept
  • RentShare
  • Roadtrippers
  • Spaciety
  • StyleZen

We received a great write-up from Tech Cocktail while Laura Baverman from the Cincinnati Enquirer provided live updates throughout at Enter Change.


Startup Lessons from Dropbox [presentation]

Friday, October 21st, 2011
Dropbox just finished raising a $250 million round.  Obviously there are some good lessons to learn from them.
View more presentations from Eric Ries

Mentor Advice for Startups

Tuesday, October 18th, 2011

“Be committed to your strategy but don’t fall in love with it. Go steady but don’t get married. You have to maintain the passion but retain enough objectivity to know when something isn’t working and a new direction is needed. Most startups go through several strategic shifts before they find the right formula.”

Michael S. Vanderwoude, Vice President and General Manager of Cincinnati Bell


Mentor Advice for Startups

Wednesday, October 12th, 2011

“Always stay in learning and listing mode – Too many companies pitch to me and press forward with a sales pitch without pausing to listen to questions and heeding advice.”

“As Socrates said, “He who is wise admits he knows nothing,” and we all are learning together in this brave new world.  If you do not seem to be listening and open to feedback or pivoting, then you may never succeed.”

Bob Gilbreath, Chief Marketing Strategist at Bridge Worldwide


Mentor Advice for Startups

Wednesday, October 5th, 2011

“Get your product/service right. Make it great/different by focusing heavily on the end-user. Start with a profitable business model – don’t scale without one.”

-Michael Stich, Chief Operating Office of Rockfish Interactive


Mentor Advice for Startups

Tuesday, September 27th, 2011

“Focus on building a business and not a business plan. Develop a product that interests customers and investors will follow.”

-Joe Medved, Chairman Emeritus of the New England Venture Network (NEVN)

 


Startup Interview: ChoreMonster

Wednesday, September 21st, 2011

Choremonster is a suite of web and mobile applications that allow parents and kids to actually enjoy doing their daily chores.  By completing a chore, a child gains points, which they can save up for real life rewards, such as an Xbox, an hour of television or even a canoe trip.  Choremonster is reshaping how families think about their chores and responsibilities. By creating two individual apps, one for the parent and one for the child, Choremonster allows children to track their chores on their own and choose when and how they will complete them, teaching them better habits that will last a lifetime.  Chris Bergman, the founder of ChoreMonster, answered a few questions we had for him about the company and why he chose the Brandery.

What inspired you to start ChoreMonster?

“Paul loves to create monsters. As a kid, I hated doing chores. I wanted to create an application that adds value to families and gives parents a tool to utilize positive reinforcement over punishment. Paul and I love creating unique and engaging experiences. After a few quick conversations, Choremonster was born.”
 

Which presentation or mentor has contributed to ChoreMonster’s startup strategy development so far?

“There have been so many amazing people! The Brandery founders themselves, JB, Dave and Rob, have been a monumental help. Hearing Blake Mizeraney’s story of Heroku was very encouraging. As far as mentors, the advice of Thad Langford, Joe Dinunzio, Rob Heimann and Susanne Tosilini has been invaluable. 
Also, everyone at Cincytech, Mike, Justin, Carolyn, Bob, Raul, has been helpful beyond expectations.”
 

How did you find out about the Brandery?

“Hah! I was having lunch with JB Kropp one day, telling him about Choremonster. Kropp then dared me to apply for the Brandery and here I am.”
 

Why did you decide to come to the Brandery?

“It’s the opportunity of the lifetime and it’s in our backyard. The Brandery has already opened doors that I never thought possible. It was a chance to make some amazing things happen.”
 

What is the best piece of advice for starting your own company you have received?

“Even in literature and art, no man who bothers about originality will ever be original: whereas if you simply try to tell the truth (without caring twopence how often it has been told before) you will, nine times out of ten, become original without ever having noticed it.” – C.S. Lewis


Mentor Advice for Startups

Tuesday, September 20th, 2011

Understand what your three top priorities are and have an unrelenting focus on those things. Chasing money, people, or features that either can’t be caught, or require considerable effort to catch, are a waste of time during your first year. Write down your top three priorities, read over them every single day, and say “no” to everything else.

Also, problems are solved while relaxing so take some time to do things you enjoy outside of your startup. It’s amazing how solutions will find you when you’re away from the business and challenge.

Kenny Tomlin, Founder & CEO of Rockfish Interactive