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SATech Bloc Seeks to Advocate for San Antonio’s Tech Industry

Lew Moorman, former president of Rackspace, now organizing SATechBloc, an advocacy group for San Antonio's technology industry.

Lew Moorman, former president of Rackspace, now organizing SATechBloc, an advocacy group for San Antonio’s technology industry.

Members of the San Antonio technology community want to have a voice in city policies affecting the technology industry.

They also want to promote and build the local technology industry.

So several founding members created “SATechBloc,” a grassroots movement to bolster the industry here and shine a spotlight on everything going on.

“It came out of the frustration the community had around Uber and that’s what got people together,” said Lew Moorman, former president of Rackspace who is one of the organizers.

Last month, Uber ceased operations in San Antonio when the ridesharing company could not come to an agreement with city officials over regulation of its business. Uber got mismanaged from the beginning from the City of San Antonio, Moorman said.

Uber is one of the services important to a modern city, Moorman said. As members of the tech community started talking they decided to have a unified voice to advocate for issues important to the technology industry, he said.

“We don’t necessarily promise to change the world,” Moorman said. “We just want to do a few things and get people talking to each other.”

The founding members include Lorenzo Gomez, executive director of the 80/20 Foundation, Pat Matthews with 81 Ventures, Tom Cuthbert, founder of Adometry, Rodney Rice, founder and CEO of Blue Yonder Labs, Clint Watson, founder of Boldbrush, Lanham Napier with BuildGroup, Peter French, president of Café Commerce and dozens more.

The corporate sponsors include Rackspace, Codeup, Giles-Parscale, SecureLogix and Geekdom.

The kick off event is Tuesday, May 19th at 5 p.m. at Southerleigh Brewery at 136 E. Grayson.

The main focus right now is to bring ridesharing to San Antonio and to create a comprehensive tech directory and to bring Google Fiber to San Antonio, Moorman said.

“It can be whatever the city needs,” Moorman said.

Sizmek Acquires StrikeAd for $11.2 Million

imgres-3Sizmek, an ad management platform, announced Friday its acquisition of StrikeAd, a mobile ad platform, for $11.7 million.

Austin-based Sizmek, founded in 2013, operated as the online segment of Digital Generation. In February of 2014, Digital Generation spun off Sizmek.

Sizmek plans to integrate the StrikeAd platform into its Sizmek MDX platform. The acquisition gives Sizmek a more robust mobile advertising platform to offer to its customers.

“Mobile, a multi-device experience by its very nature, isn’t just another channel – it requires a radically different way of interacting with customers,” Neil Nguyen, CEO and President of Sizmek said in a statement. “The addition of StrikeAd to Sizmek’s comprehensive mobile offering for marketers and agencies increases our addressable market and provides Sizmek with programmatic and mobile-specific expertise so we can accelerate these key areas of strategic focus for the company.”

The deal is expected to close on May 28th. StrikeAd, based in New York, was founded in 2010.

Sizmek is an independent third party ad server with more than 3,400 agencies, 17,000 brand advertisers and 22,000 global web publishers, serving ads in 60 countries.

Austin’s A-List of Top Startups for 2015

At a special event at the Moody Theater Thursday night, officials with the Austin Chamber of Commerce announced its 2015 A-List of the top 12 most promising startups in Austin.

A panel of independent judges selected the companies from more than 275 nominations.

“Austin is rich with innovative startups that are primed for rapid growth. The A-List platform shines a spotlight and amplifies our diverse and rich talent, helping to maintain our lead as the most innovative, entrepreneurial region,” Michele Skelding, the Austin Chamber’s Senior Vice President of Global Technology and Innovation, said in a news release.

A-List companies are considered to be some of the most likely to attract investment capital and to get traction in their market. To date, A-List companies have received a combined $358,670,000 in funding, according to the Chamber.

Hugh Forrest, director of SXSW Interactive, co-hosted the event with Skelding. Speakers included Gene Austin, Chamber Chair and CEO and President of Bazaarvoice, Bob Metcalfe, professor of innovation at the University of Texas at Austin, Hank Seale, founder and Chairman of Q2 and Erik Qualman, bestselling author.

The Austin Chamber also gave a special “Rise Star” entrepreneur award to Mikaila Ulmer, the local 10-year-old founder and CEO of BeeSweet Lemonade, who had a successful appearance on ABC’s SharkTank.

The Austin A-List companies in the emerging or early stage category, meaning they’ve received funding less than $1 million or have less than $1 million in revenue include Everfest, a global events platform, Bitfusion.io, software that speeds up hardware, Green & Grow, microbe derived by products that increase crop yields, and ENTVantage Diagnostics, which provides a rapid diagnostic test for sinusitis.

In the growth or mid-stage category, with companies receiving funding between $1 million and $10 million or up to $20 million in revenue, the companies included CognitiveScale, which has created a cognitive cloud platform that can mine huge databases and understand natural language to present data in an easy to understand format, Neogenis Labs which makes patented nitric oxide nutraceuticals and nutritionals, Illumitex, creator of LED lighting, EPIC, which makes protein bars and SparkCognition, a cognitive security analytics company.

In the scale, or later stage category with companies receiving funding above $10 million or revenue of more than $20 million, the companies included SpareFoot, a self storage marketplace, Silvercar, a rental car company and Volusion, an ecommerce company.

Peeple Launches Peephole Camera on Kickstarter

PeeplePeeple, a smart camera that attaches to the peephole of a front door, just launched its Kickstarter campaign today and is close to meeting its $50,000 goal.

The Austin-based startup participated in the Highway1 Hardware startup accelerator in San Francisco last year and created quite a few prototypes before perfecting its product.

The Peeple camera mounts to a peephole or can be stuck on the glass of a door. It has sensors and a battery that communicate to a smartphone whenever someone opens the front door or knocks at the front door.

Chris Chuter, a University of Texas at Austin graduate with a Bachelor and Master’s Degree in electrical and computer engineering is the co-founder of the company along with David Genet, with a background in mechanical engineering and architecture and Craig Sullender, an electrical engineer. They received $50,000 in a seed investment from participating in the Highway1 program.

Peeple, founded in November of 2013, won the AngelHack hackathon in Austin. It beat out more than 30 projects and that convinced the founders to pursue the project full time.

The company sold out of the super early bird Peeple cameras for $99 and the $129 early-bird Peeple cameras. It is now selling the devices for $149 a piece.

So far, Peeple has raised $32,574 from 252 backers during and it just launched its Kickstarter this morning.

Vyopta Moves to Bigger Austin Headquarters and is Hiring

Vyopta Founders Rick Leung, Chief Technology Officer and Alfredo Ramirez, Chief Executive Officer and Andrew Chen, Vice President and General Counsel, courtesy photo.

Vyopta Founders Rick Leung, Chief Technology Officer and Alfredo Ramirez, Chief Executive Officer and Andrew Chen, Vice President and General Counsel, courtesy photo.

Vyopta Inc., which provides analytics for video and web collaboration technologies, has announced plans to move into a bigger headquarters in the Barton Creek Plaza Office Building.

The Austin-based startup, founded in 2007, has 25 employees and plans to hire 12 additional employees to fill up its new office, which is more than 6,100 square feet.

The company’s business is booming, according to its CEO Alfredo Ramirez.

“From 2013 to 2014, Vyopta has more than doubled our customers and tripled product sales,” Ramirez said in a news release. “We moved our company headquarters to be closer to our customers, partners, employees and potential recruits. We want to be near where people live and work in Austin, and our proximity to the technology corridor allows us to be among other local technology companies in our community.”

Vyopta provides companies with cloud-based video solutions to allow them to manage, reduce the cost and improve the quality of video and web collaboration. Its customers include five of the Fortune 50, Department of Veteran Affairs, financial institutions and healthcare companies.

Vyopta plans to hire additional software development, sales and marketing and customer support employees during the next year.

Austin-Based Done Aims to put Military Veterans to Work

search-1Done.com helps people book services for their home.

The Austin-based company just launched Yards for Vets, a program with plans to employ 50 local veterans in the lawn care industry.

“There are over 19,000 unemployed veterans in Texas,” Keith Peterson, Chief Marketing Officer of Done.com, said in a news release. “We can’t solve that problem alone but we can fight it by helping people who have served our country honorably and now need an opportunity to work.”

To book lawn care service, visit YardsforVets.com.

Other handy helper services Done offers include painting, general handiwork, furniture assembly and more. Done serves as a marketplace connecting homeowners with local service providers who are licensed, insured and have background checks.

RealMassive Completes Series A Fundraising Round

searchRealMassive announced Thursday it has completed its Series A round with a large investment from RHS Investments.

The Austin-based startup has raised $8 million so far. Hank Seale, chairman of the board for Q2 Holdings, runs RHS. RealMassive also named Seale as its chairman of the board.

Craig Hancock, co-founder of RealMassive will now serve as CEO and Joshua McClure, also a co-founder, will serve as president. They will focus on sales in Austin.

“We are thrilled to announce the completion of our Series A, and we welcome Hank as Chairman of the Board,” said Hancock. “Hank’s public company experience provides RealMassive with exceptional senior leadership as we scale data-driven solutions to the commercial real estate industry. The Austin market reached data-maturity first, leading the nation as the earliest adopter of our premium products and services.”

RealMassive, which launched in 2013, provides accurate real-time data platform and analytics for the commercial real estate industry in Austin.

RealMassive has 29 employees and has launched in 33 major markets in the last year and a half. It provides information about 4.6 billion square feet of commercial real estate properties. Its partners include many of the nation’s leading commercial real estate companies including CBRE, Brandywine, Oxford, Cushman & Wakefield and others.

French Company Acquires Austin-based Amoeba Technologies

red_ruby_logo_0ESI Group, based in Paris, Thursday announced the acquisition of Austin-based Amoeba Technologies.

The terms of the deal were not disclosed.

Amoeba, a privately held company founded in 2007, makes Presto software which provides cooling simulation and design optimization for electronics such as computers, mobile devices, automotive electronics, medical electronics and data centers. Its customers include Apple, Amazon, Qualcomm, Google, MagicLeap and VSN Mobile.

As a result of the acquisition, Amoeba’s Founders Sanjay Mathur and Prabhu Sathyamurthy, experts in computational fluid dynamics, will join ESI Group, which has 1,000 employees in 40 countries.

Asana Talks About Building a Culture of Accountability

By SUSAN LAHEY
Reporter with Silicon Hills News

Kenny Van Zant, photo by Susan Lahey

Kenny Van Zant, photo by Susan Lahey

At Asana, every job is added to a list of Areas Of Responsibility (AORs) and anyone in the company who has the qualifications and desire can take on any one of those areas. It’s the manager’s job to ask questions about whether the employee is up to the challenge and available to tackle the task. But after that….they get out of the way and trust them to do the job.

Kenny Van Zant, executive with Asana—a web and mobile software application that allows teams to work together without email—spoke Wednesday afternoon at Capital Factory on “Building a Culture of Accountability.”

Asana’s accountability system distributes tasks, measures results and provides clarity. Asana has yearly strategy and vision sessions and periodic committee meetings to make sure it’s producing the right results. The meetings are open to everyone.

Asana doesn’t actually aim for 100 percent success on key results. Seventy percent—a number stolen from Google management—is considered success. In fact, while the AOR system is Asana’s invention, they borrowed many other management approaches from employees who worked at places like Google and Facebook. What works stays; what doesn’t goes.

Missions and Values

Every company should have a mission explaining why the company exists, Van Zant said. But then it should have values like house rules. Some of Asana’s values include “Transparency by default” and “Wisdom over rules.” When the company hired a finance guy he wrote a long list of rules about the company’s finance policies. Van Zant asked him to rewrite it so it would be more fun to read and more in line with “Wisdom over rules.” The document came back considerably shorter, basically explaining how people get reimbursed and encouraging them to “Spend Asana’s money like it’s your own.”

Asana does not believe in micromanaging its employees, Van Zant said. A manager’s job is to ask questions like “How are we organized? How well do we function?” The team, he said, has areas of responsibility and it’s not his job to know all the things they’re doing and be in control but to help them manage their growth and careers and “unblock” them.

“I managed for 20 years before this model, and I found the most stressful thing for a manager is feeling like you had to have your arms wrapped around everything,” Van Zant said. “Their failure is my failure. Their pain is my own pain’s messed up for managers. That’s just not right.”

They practice peer to peer communication. If an employee has a question, needs help or has an issue with the way someone else is functioning, they don’t invoke the bell curve: I talk to my manager, my manager talks to your manager, your manager talks to you, with scheduled meetings and memos all along the way. That’s what Van Zant calls “Work about work” and it takes up a huge amount of time and energy. Instead, people talk to those who have the answer, or the issue, directly.

Their idea is to be “tightly aligned but loosely coupled,” Van Zant said. So everyone is working toward the same goals but doing so independently and only coming together at certain points.

Learning to Trust

The hardest part, he said, is trust. A company mantra is “Everyone has a genius.”

“The root word of genius is every person had a genius…and their skills were different from yours….,” Van Zant said. “My job is to get out of the way and let them offer it. It requires so much trust. You have this temptation where you want to be in their shorts, wondering what they’re doing at every moment of the day…. Ten years ago I would not have been able to do this.”

People are paid according to seniority, performance and other factors, Van Zant said.

“It’s the manager’s job to see people are compensated fairly,” Van Zant said. “The compensation strategy is part of the mentorship and career guidance…we don’t really connect performance with salary. That just breeds a bunch of bizarre neuroses.” If they see someone is over reaching on AORs, they’ll check in with that person as to whether they can hand off a responsibility or whether they need to hire more people. “You get an egolessness when this system is implemented,” he said. “You don’t see examples of people amassing control. It’s more like ‘Do you want this responsibility? I don’t want to step on your toes.’ It becomes very polite.”

Asana has launched a marketing campaign in Austin and is advertising with Silicon Hills News. This is a sponsored post.

Vested Finance Lands $5 Million in Funding

imgres-2Vested Finance, an Austin-based financial technology startup, announced it has closed on $5 million in seed financing led by Sandleigh Ventures.

The Austin-based company plans to use the money to expand its operations by hiring a development team to create and distribute its mobile app. It has offices in Austin, San Francisco and Washington, D.C.

Lorne Abony founded the company earlier this year to target the problem of student debt. The app seeks to allow students to pay for their education without incurring debt by allowing people to invest in a student in exchange for a percentage of that person’s future earnings.

“At $1.3 trillion and growing, we have a student debt crisis with no solutions,” Vested CEO Abony said in a news release . “Vested will allow students to unlock and monetize their greatest asset, which is the present value of their future earning potential by providing them with a perfect market to sell this asset to those willing to provide immediate capital in exchange for a portion of the students future earnings for a finite period of time.”

The Vested app also provides access to a mentoring program.

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