Category: Austin (Page 139 of 318)

How to Empower Women Entrepreneurs and Business Leaders

By LAURA LOREK
Reporter with Silicon Hills News

Screenshot (4)To get ahead, women must advocate for themselves, negotiate for equal pay, surround themselves with a supportive team and learn from mentors.

Those are a few of the tips gleaned from a panel of five executive women who have accomplished a great deal during their careers in corporate America during the Women Empowerment Through Entrepreneurship event Thursday night at the AT&T Executive Education and Conference Center.

Ingrid Vanderveldt, former Entrepreneur in Residence at Dell and now founder & CEO of EBW2020, moderated the panel. Preston James, an entrepreneur in residence with the Herb Kelleher Center for Entrepreneurship, Growth, and Renewal put on the event.

The glass ceiling still exists in the corporate world for women and even though they have cracked the surface, it has not yet been shattered, according to the panelists.

There’s a conference in New York called the Three Percent because just three percent of creative directors in advertising are women, said Leslie Wingo, president, and CEO of Sanders\Wingo, an advertising agency of 90 people. She said that has grown recently to 11 percent, but that’s still a fraction of where it needs to be, she said.

“That’s just cracking the surface,” Wingo said.

The glass ceiling is alive and well, said Christann M. Vasquez, president of Dell Seton Medical Center.

“I strongly believe we have a long way to go,” she said. “The demographics of the C-Suite clearly point that out.”

Women can shatter the glass ceiling by moving through their barriers and facing their fears, said Colette Burnette, president of Huston-Tillotson University. She moved from the corporate world into higher education and hit the glass ceiling when she didn’t have her doctorate. So at 55, she went back to school to get her Ph.D.

Women also must reach pay equality, said Wendy Smith, executive director of Seton Health Plan. There’s a 21 percent gap in female to male pay.

“That’s a huge focus for me,” Smith said. “That’s something that we have to have a voice on. It’s not acceptable that that gap exists.”

It’s difficult to find information on pay scales, Smith said.

“It’s hard to know even within your own corporation whether you are getting fair and equitable pay,” she said. But some online sites like Glassdoor can provide insight into industry salaries.

Don’t be shy and do your research about your salary, said Vasquez, president of Dell Seton Medical Center.

She learned a lot by reading Margaret Thatcher’s autobiography and Facebook Chief Operating Officer Sheryl Sandberg’s book, Lean-In. In that book, Sandberg illustrates how men are more aggressive in the workplace in negotiating what they want. Women need to do the same thing, Vasquez said.

And when it came time to negotiate her salary, Vasquez said she was “very clear about what I deserved to be paid and compensated unless they only wanted me to use 75 percent of my brain.”

“Don’t be shy, it holds us back and it doesn’t give us the right seat at the table,” she said.

The book Lean In empowered Burnette to not take the first offer when negotiating her salary with Huston-Tillotson, Burnette said.

“In the workplace, you have to be upfront and advocate for yourself,” Burnette said.

Don’t apologize for being a female, she said.

“I’m a black female. I like being a black female. I’m good at being a black female. So don’t apologize for that,” Burnette said.

Vanderveldt asked the panelists to talk about a moment of self-doubt in their careers and how they overcame it.

“I have self-doubt all of the time,” Wingo said. “You have two options when it comes to self-doubt. You can drink a lot of wine – which works momentarily.”

“The second option, sounds a little bit like Oprah, but it worked for me,” Wingo said.

First, acknowledge the self-doubt exists, then take note of when it happens and lastly write it down on a board. Then look at the list when you feel the self-doubt creeping in and it erases the self-doubt because they are just meaningless words, Wingo said.

“If someone told all the mean things to you that you tell yourself you would not be friends with that person,” she said. “So you need to tell yourself to shut up.”

Lynelle McKay, CEO of Girl Scouts of Central Texas, said she was filled with self-doubt as an engineer in the tech world. To overcome that, she created a network of people around her that could pump her back up again. A native of Hawaii, McKay ended up working in Phoenix, Arizona for Motorola in the 1980s. Her male coworkers told her the only reason she got her job was that she was a double minority. Having her kids and working full time grounded her and she realized she just had to do what was best for her family. She said she just had to focus on not letting other people bring her down.

“They are reacting to you because of the issues they have not because of you,” she said. “I realized I just needed to let it go.”

Burnette began her career as an engineer with a degree from Ohio State University. At her first job at a power plant, she was hazed. Her co-workers, older white men, asked if her engineering school was accredited and took out a book to look it up. On her first day, they put her in the basement of a coal-fired powered power plant.

“My first inclination was to quit,” Burnette said. But she persevered. She did tell her boss that if put her in the basement again she would tell her dad and then she would beat her boss up. After that, they gave her a different level of respect.

“I learned to have a sense of confidence in myself and not to be pushed around,” she said. “That was to discourage me. That’s what I call dream thieves and I wasn’t going to let anyone steal my dreams.”

eRelevance Corp. Raises $4.5 Million in Funding

Robert Fabbio, co-founder of eRelevance, photo by John Davidson

Robert Fabbio, co-founder of eRelevance, photo by John Davidson

eRelevance Corp., which makes a marketing platform for small to medium sized businesses to engage customers, on Thursday announced it has raised $4.5 million in its Series A round of funding.

The Austin-based startup, co-founded in 2013 by serial entrepreneur Bob Fabbio, has raised $8.6 million since launching. The company plans to use the money for sales and marketing and other resources to support its growth.

Rally Ventures, based in Silicon Valley, led the investment round. Other participants included Chicago Ventures, Miramar Venture Partners and Rothenberg Ventures along with an existing group of angel investors.

“eRelevance is addressing a real problem for the (small-medium business) market as the challenges of modern marketing are too difficult for SMBs to solve with software. SMBs require great customer service, great customer results, lots of internal domain expertise and continued innovation to deliver results over time,” Tom Peterson, venture partner, Rally Ventures, said in a news release. “eRelevance is solving this problem and we’re excited to be part of the company’s future.”

As part of the funding deal, Peterson is also joining eRelevance’s board of directors.

“Our technology enabled marketing automation service gives SMBs a new affordable choice in helping them grow their business. Because we’ve automated much of what is traditionally labor intensive work using marketing software tools we are able to deliver high quality work in a very responsive manner, at a price point that is difficult to compete with. And, unlike others, we quantify the value that we are delivering with nearly immediate return on investment,” Fabbio, co-founder and CEO of eRelevance Corporation. Fabbio has founded several companies in Austin including Tivoli and White Glove Health.

Silicon Hills News did this profile on eRelevance Corp. last summer.

Flavr Wins International Accelerator Pitch Competition at SXSW

Angelos Angelou, founded the International Accelerator in Austin.

Angelos Angelou, founded the International Accelerator in Austin.

South by Southwest Interactive not only showcases Austin’s technology scene to the world, but it has also become a global stage for international startups to showcase their products and services.

This year, International Accelerator, based in Austin, held its first FastPitch competition at SXSW at the Mexican American Cultural Center.

Flavr, a food tech app from Belgium, won the competition. The startup’s app connects food lovers with food makers in an on-demand marketplace. Flavr won a spot in the International Accelerator’s program and $50,000 in seed capital investment.

“We came to SXSW Interactive as part of Startup.be, a startup program for Belgian companies. We found out about FastPitch a week before so we only imagined this as a chance to gain some valuable experience pitching startup investors, not win it outright,” Alexander Van Lear, Flavr CEO, said in a news release. “”I honestly can’t believe our good fortune and am truly thankful to International Accelerator for the chance to compete.”

Coming in second place was Ergon Foods, a Greece-based startup which promotes Greek gastronomy through branded products and restaurants. Third place went to Ark Analytics, a Switzerland-based SaaS credit management solution that helps corporations, banks and insurers assess and manage risk inherent in complex transactions. Altogether, nine startups from nine different countries participated in the pitch competition.

“Being able to host a pitching event like FastPitch with startups traveling from nine countries during the world’s pre-eminent startup tech conference was a massive undertaking,” Phil Pompa, managing director of International Accelerator, said in a news release. “It’s a testament to the great network we have built over the past two years and the rich diversity of startup innovators eager to come participate in the American market through our accelerator program.”

The FastPitch gave startups a chance to pitch a panel of successful startup entrepreneurs and angel investors in hopes of gaining an invitation to join International Accelerator’s year-long program valued at over $300,000 in capital investments and in-kind contributions.

International Accelerator is focused solely on non-U.S. citizen founders. Angelos Angelou, founder of Angelou Economics and a long-time economic adviser to the tech industry in Austin, founded International Accelerator in 2013. With two selection rounds per year in June and November, International Accelerator runs a year-long program that provides access to seed funding, quality mentors and unique time-saving services needed to launch a startup in the United States.

Dell Sells IT-Services Business to NTT Data

downloadDell announced on Monday plans to sell its IT and digital business solutions division to Tokyo-based NTT Data for $3.05 billion, according to the Wall Street Journal.

The division includes solutions for healthcare, financial services, insurance and the public sector. The sale helps Round Rock-based Dell raise cash to complete its $67 billion acquisition of EMC Corp. The deal will significantly increase NTT DATA’s presence in North America and strengthen and expand its global delivery network. NTT Data’s North American headquarters are based in Plano.

The Dallas Morning News reports Dell bought Plano-based Perot Systems in 2009 for $3.9 billion.

“NTT DATA is pleased with the unique opportunity to acquire such high-caliber talent, and a corporate culture that shares common values with NTT DATA, with emphasis on ‘Clients First,’ ‘Foresight,’ ‘Teamwork,’ and a commitment to innovation,” Toshio Iwamoto, President and CEO of NTT DATA Corporation said in a news release. “Welcoming Dell Services to NTT DATA is expected to strengthen our leadership position in the IT Services market and initiates an important business relationship with Dell.”

“I’m extremely proud of Dell Services’ solid growth, broad capabilities and deep domain expertise in Healthcare & Life Sciences, Banking, Financial Services and Insurance. Our investments in digital services, application modernization, tools, automation and ’as-a-service‘ models, have enabled Dell Services customers to simplify their IT environment, empower their workforce, engage their customers and grow,” Michael Dell, chairman and chief executive officer of Dell Inc. said in a statement.

Austin-based Favor Expands Delivery to WestLake

FavorbluelogoThe wait is over for Austin residents and businesses in the outlying areas of Westlake and 360 to get Favor, the Austin-based on demand delivery service.

This week the company announced it has expanded its Austin delivery zone to include Westlake. Its zone expanded west with Texas State Highway Loop 360 as its new border.

Favor’s runners deliver seven days a week from 8 a.m. until 3 a.m.

Favor delivers to 18 cities in the U.S. and Canada. Favor’s Texas markets include Austin, Dallas, College Station, Fort Worth, Houston, Plano, San Antonio and San Marcos.

Favor has more than 3,500 part time personal delivery assistants and more than 80 full time employees. The company has raised $16.9 million in venture funding.

Chaotic Moon’s Cooking up Some Cool Tech Applications

Chaotic Moon's proximity sensing headband. Courtesy Photo.

Chaotic Moon’s proximity sensing headband. Courtesy Photo.

During South by Southwest, Chaotic Moon showed off some of the latest applications created by its research and development team.

Chaotic Moon is known for some outrageous tech displays at SXSW. A few years ago, the studio launched a drone and tasered an intern in its offices.

This year, no interns were tasered. But the company had a lot of new technology products debuting at SXSW. Chaotic Moon is now part of Accenture. It was acquired last summer. The company continues to operate as an independent subsidiary of Accenture.

Chaotic Moon showed off a virtual reality problem solving game involving fire breathing dragons, a virtual reality tour of the Chaotic Moon offices, a mind reading app and smart scrubs called Under Currents that help workers do their jobs better. And a new proximity-sensing headband that can guide people, blindfolded, through obstacles.

The company also demonstrated a smartwatch, equipped with an acceleratometer to capture motion data, that can be used to execute commands like turning on and off lights and turning up or down the volume on a computer.

At its dance party, Chaotic Moon created “Doppledancers” of its guests. The program requires a person to step into a booth for a hi-resolution 3D body scan. Then the software program creates a 3D version of you and programs you with some serious dance moves. It then projected the Doppledancers onto a screen.

In another application, Mockzy Artificial Intelligence creates an avatar of notable public personalities.

And who wouldn’t want XYZ? It’s and application that lets you know when your zipper is down.

Austin-based AVAI Mobile Solutions Partners with C3 Presents

Photo courtesy of Avia Mobile Solutions.

Photo courtesy of Avia Mobile Solutions.

AVAI Mobile Solutions, based in Austin, announced it has been selected as the primary mobile technology partners for Austin-based C3 Presents, which produces Austin City Limits Music Festival and Lollapalooza.

AVAI, which Silicon Hills News wrote about in 2013, did not disclose the terms of the deal.

AVAI Mobile will be working with C3 to produce native apps for all the C3 music festivals, including Austin City Limits Music Festival and Lollapalooza. The app rollout began earlier this month, with new apps and features releasing as the festival calendar is announced.

“We’re excited to provide C3 with a higher-level mobile strategy and a new technology for their multi-app requirements,” Rand Arnold, CEO and Founder of AVAI Mobile, said in a news release. “C3 needed a single, integrated solution to streamline custom app development, make production simple, and centralize management across their entire portfolio of mobile apps. That’s exactly what the AVAI Mobile Platform was built to do.”

AVAI created a mobile platform that lets companies build and manage their mobile apps without developers. But AVAI also offers customization services to its customers.

C3 Presents other events include the Austin FOOD & WINE Festival, LouFest Music Festival, Music City Food & Wine Festival, Wanderlust Yoga & Music Festival and more. C3 books and promotes more than 1,000 concerts in arenas, theaters, casinos, and clubs across the US.

AVAI, a privately-held company, has created a platform that has been used to create more than 750 mobile applications.

UberEats Launches in Austin

Photo courtesy of UberEats

Photo courtesy of UberEats

Uber, the San Francisco-based ride sharing company, just launched UberEats in Austin.

UberEats, a smartphone app available on iOS and Android, lets people order food from local restaurants. It just launched in Austin. It launched March 15th in Chicago, Houston, Los Angeles, San Francisco and Toronto.

“For the past year and a half we’ve been delivering the best food cities have to offer in minutes,” according to a blog post on Uber. “The restaurants behind these favorites are putting the Uber network to work. They’re expanding delivery distances and reaching new customers–pairing great food with the reliable service that people know and expect from Uber.”

Uber created the UberEats app to be completed tailored to restaurant delivery. It offers delivery seven days a week from the menus of hundreds of restaurants.

Through the UberEats Instant Delivery menu, the service promises “great food in as little as 10 minutes.”

In Austin, UberEats competes with a variety of apps already on the market including Austin-based Favor, GrubHub, Postmates and Instacart.

ICYMI: Google’s Self-Driving Car Project at SXSW

Google Prototype car in Austin, photo courtesy of Google.

Google Prototype car in Austin, photo courtesy of Google.

In 2003, the U.S. Defense Department launched the DARPA Grand Challenge to have a car drive 150 miles by itself across the Mojave desert from Los Angeles to Las Vegas.

That’s when Google’s Chris Ursom, director of its self-driving car project, first got involved with autonomous cars. More than 100 teams registered the first year for the 2004 Challenge and none succeeded. In 2005, a team from Stanford University won the Grand Challenge. That car is now in the Smithsonian Museum in Washington, D.C. That year, five teams had cars that completed the task.

Today, Google’s self driving cars are being tested in Mountain View, California, Kirkland, Washington and Austin. Google’s self driving cars have driven 1.4 million miles and have witnessed all kinds of horrendous traffic infractions. And Urmson said from what they’ve seen during these drives this technology cannot get out into the world fast enough. Google says the technology will save lives. It will also save people time and reduce traffic and time spent in gridlock. And in the 1.4 million miles the cars have driven, only one time did a car get into an accident that was its fault, Urmson said. The car accidentally side swiped a bus. No injuries were reported. The car sustained damage to its body and to one sensor.

In Austin, the driverless cars have encountered cars doing down the wrong side of the road. And a guy rolling over the hood of one of the cars. And a naked man running out of his house and running up to the car. Urmson said “Thank you Austin for keeping it weird.”

Urmson gave a similar talk last summer in Austin when Google launched its Google prototype cars in the local market.

Thinking up World Changing Ideas with Max Levchin at SXSW

Max Levchin, cofounder of Affirm, courtesy photo from SXSW.

Max Levchin, cofounder of Affirm, courtesy photo from SXSW.

Max Levchin, one of the co-founders of PayPal, stayed up all night at South by Southwest Interactive, to come up with his list of five unstoppable trends that are going to change the world.

During his keynote address, Levchin said too many entrepreneurs focus on small ideas. He’s looking for transformative ideas that will have a massive impact through his firm, HVF. He is also the co-founder and CEO of Affirm, a financial technology startup and is an active investor in Uber and other startups. He also founded Slide and helped start Yelp. So he knows a thing or two about game-changing technology startups.

“Riding the big wave is the dream of every entrepreneur,” Levchin said.

During his talk, he outlined four major trends and a fifth bonus trend for entrepreneurs to focus on and to create startups around.

1. Beneficence – the act of doing good, active kindness. A company that does well by doing good for its customers.

2. Human-assisted AI – the robots will get smarter but they will still need humans to provide insight and knowledge.

3. Software eating older software – Building on Marc Andreessen’s famous essay on Software Eating the World, Levchin sees the second wave of software replacing older software creating tremendous innovation in old industries.

4. Regulatory Arbitrage – Opportunities created and money available from the government around data.

5. Fractal Knowledge – Specializing in niche markets and becoming an expert and forming a new model of how the world works and seeing opportunities that others might not.

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