Tag: Austin (Page 29 of 37)

SXSW panelists advise how to foster entrepreneurial communities

BY SUSAN LAHEY
Special contributor to Silicon Hills News

Startups in Austin may forget how good they’ve got it.
A SXSW panel Sunday called “How to Build Entrepreneurship Communities” explored strategies used by other places—Los Angeles, Omaha Nebraska, New York City—to build communities for startups. In many places, key players don’t know one another or have viable opportunities to mingle and there’s no community culture to foster interaction.
Jeff Slobotski, founder of Silicon Prairie News in Omaha, talked about having tech journalist Sarah Lacy, founder of PandoDaily, give a presentation in town and watching startup owners and venture capitalists sitting feet away from one another at the bar, not recognizing each other.
The solution, panelists said, is multilayered: build a functional mentorship system; create meet ups and events centered on the needs of entrepreneurs; provide avenues for storytelling…telling the story of your business in content such as blogs and publications like Silicon Hills.
Mentorship, panelists said, is a key ingredient. But there’s a right way and wrong way. Just because a person is successful, for example, doesn’t mean he or she is good at helping others become successful, said Mark Nager CEO of Startup Weekend which brings developers, designers, marketers and others together to create a startup in 54 hours.
“One of the things we do is educate successful people how to help others and not just let anyone call themselves a mentor.”
And of course, there’s the startup owners responsibility. Nick Seguin, manager of entrepreneurship for the Kauffman Foundation said: “One thing I get really scared about is the entitled entrepreneur,” Seguin said. “Just because you’ve started a company doesn’t mean you’re entitled to someone’s time. You need to engage them in an efficient meaningful way. Mentors aren’t taking anything from us. They need to be engaged.”
Mark Davis, CEO of Kohort which provides tools for organizational management touted the advantages
of a system like TechStar’s which matches mentors and startups in terms of skills and needs. Also, he acknowledged, chemistry has to exist between the two.
The panelists all supported the idea that community must evolve organically from genuine need and interaction. Groups, for example, should solve a need. Any time you can see that the group centers on one personality you can assume it’s doomed.
“You know you’ve succeeded when you have a lot of people coming to your events who don’t know who you are,” Davis said. “If everyone knows it’s the so-and-so person show it’s not sustainable. Not community.”
Nor should the community event focus outside the community.
“We have six events in Iceland,” Nager said. “It’s the local developers and fishermen. We’re not talking about how to do trips to Silicon Valley.”
It helps, he said, to give each volunteer one task: Like throwing four Happy Hours a year, then putting their name on that task—manager of happy hours. That cements accountability and builds social capital.
One audience member suggested that startup advisors be willing to talk more openly about their failures. Again, unlike Austin, not everyone has a “fail faster” mentality. Nagel suggested that would be an excellent topic to hold an event around.
“To me, having mentorship and community events…make you feel like you’re not crazy,” Davis said. “How many of us, when we had an idea, we were working a normal job, people thought you were nuts. When you find there’s a community of folks out there who think like you it’s all about feeling normalish enough to go for it. Safe enough that you’re not going to waste your life. It’s just dealing with the fear.”

Spaceman and Game Designer Richard Garriott promotes private space travel at SXSW

BY SUSAN LAHEY
Special Contributor to Silicon Hills News

Richard Garriott, game designer, spaceman, CEO of Portalarium

It cost Richard Garriott “tens of millions” of dollars to travel to outer space in the Russian Soyuz spacecraft in 2008. Now his goal is to make it commercially feasible for people to travel for “ones of millions.” And he’s not alone. Garriott, an internationally known game designer who presented at SXSW Saturday, listed several companies investing in technologies to make traveling, doing business and living in space possible for the rest of us.
Garriott is co-vice chairman of Space Adventures which sent him and half a dozen other space tourists up in a Russian craft—NASA will not permit commercial space flights. There’s also the X Prize Foundation which holds multimillion dollar competitions for various aspects of private space research and exploration; SpaceX which develops launch vehicles and spacecraft for NASA with an eye to commercial space travel; Sierra Nevada Corp.’s Dream Catcher spacecraft can carry up to seven crew and cargo to the International Space Station and Bigelow Aerospace is developing space complexes for future space travelers.
Garriott himself, who has tracked mountain gorillas in Rwanda, floated down the Amazon, slept in a tent in the interior of the Antarctic, and been at the bottom of the Atlantic to see the Titanic, has on his bucket list “space diving”–the extra terrestrial version of sky diving–and living on Mars. He bought lunar landers that were left behind, making him the only private holder of real estate on the moon.
In his presentation, he explained how a program like XPrize, offering a billion dollar prizes to organizations that can create infrastructures needed to make Mars habitable, would spread the colonization investment over several different companies and make it financially feasible for humans to become an interplanetary species.
Garriott’s father, Owen Garriott, was an astronaut, as were the neighbors on either side of his house. His mother was an artist who helped Garriott devise complex science projects that made him something of a science fair celebrity. His father came home at night from NASA with technotoys that wouldn’t be introduced to the general market for 20 years—like the photo multiplier tube, a core segment of what is now referred to as night vision.
“So we would take this photo multiplier tube outside at night and follow the neighborhood cats,” Garriott said.
In Garriott’s world, going to space was normal. So when he was told at the age of 12 that his vision problems would keep him from being an astronaut, it was as if he was barred from the fraternity to which his father and all the family’s associates belonged. As it turned out, he was the first person to travel into space after having laser eye surgery and paved the way for other laser surgery patients to become astronauts.
When he was in high school Garriott was introduced to computers when his school bought a teletype computer that no one knew how to use. The school gave him permission to teach himself to use the computer in one hour a day, every school day, for four years. A fan of the book The Lord of the Rings and the game Dungeons and Dragons, Garriott created 28 video games on that computer.
By the time the Apple computer came out in the late 1970s, Garriott was already a veteran game designer. Right out of high school, he had a national distributor publish one of his games. By the time he got to the fourth version of his first game, Ultima 4, he was focused not only on the technology, but on the impact of it.
“As the author, you’re the hero. But most people do whatever they need to do to be powerful and defeat the bad guy waiting for them at the end, even if that’s steal, pillage, plunder. I thought, how can we hold a mirror up to them to inspire them to be more truly heroic. So I made it so the game watches your behavior. It sees whether you give money to the beggar or not. There was one character who was really easy to steal from and most people figured that out pretty easily and stole from her. But later you might need something from one of those characters. And you’d go up and ask for help and the character would say ‘I’d love to help the hero who is here to save us but you are a lying…stealing….”
Garriott remains a game designer—and an eccentric one at that. He wears a silver snake necklace he made when was 11 that is permanently attached to his neck. He has a lock of hair on the back of his head he’s been growing since the 1980s. He used to wear many rings until he married a year ago and his wife, a hedge fund manager, asked him to scale down to her wedding band for the time being. And he paints his toenails a different color every day. Saturday it was beige.
He collects automatons—toys or work of art that move. He has an Austin mansion that has sometimes been called a haunted house. And he’s a magician.
Last year, Garriott cofounded Portalarium, an Austin-based developer and publisher of games for social networks and mobile platforms. The company’s first game is Ultimate Collector Garage Sale.
But he has other passions now as well. One is the environment. He’d always seen himself as an environmentalist and excused his laxness with the usual excuses: it was too difficult to live truly green. It was too expensive.
Seeing the earth from space, however, he could detect the yellowish smoke over the Amazon and the places in Africa where clear cutting and burning was going on. Seeing the peacefulness of the Pacific and the turbulence of the Atlantic, the fissures from tectonic plate activity and the erosion as water poured into the sea, all gave him a sense of how small, actually, and fragile the earth is.
“Suddenly the earth was finite. It was something you could get your hands around.”
So he came home and revamped his lifestyle, adding photovoltaic panels to his home, reducing waste and trading in all his gas guzzling SUVs for more fuel efficient cars.
He’s also passionate about space.
He’s passionate about finding ways to fund his own future journeys, for one thing. On the recent trip he had created a software that warned astronauts when they were approaching spots where they were supposed to take photos. Previously astronauts had to watch out the window and try to visually line up the photo they’d gone up with with the scene below.
He also did work protein crystallization for ExtremoZyme, Inc., a biotechnology company he co-founded with his father. The proteins they used have important cellular functions and are associated with common human diseases. The weightless environment of space helps form superior crystals which researchers on earth to study to learn more about the molecular structure of these proteins for protein engineering and drug design.
But he’s also passionate about bringing other people the opportunity to share in the kinds of adventures he’s been able to experience.
“I’m an explorer,” he said, “but not an explorer like Sir Edmund Hillary who was the first man to climb Mt. Everest. His attitude was, ‘I’m going to climb this and I might make it or I might die but I have to try.’ I have no interest in dying.”
It used to be that one could only explore as Sir Edmund Hillary did or go on a Disney cruise. He wants to offer alternatives. Today, he said, if you want to go space, the bottom of the sea, or to the poles, his business is the place to seek out.
One of his most amazing adventures was visiting the interior of the Antarctic where the air and silence are so complete they seem to distort your understanding. Describing a place where the scouring wind had created what appeared to be a massive frozen wave he said: “How does our world have things like this and we never see them.”
He wants to see disappearing indigenous populations before they completely disappear. He wants to put a stick in lava.
“I have a passion for exploration,” he said, “I have a passion for understanding and I have a passion to create things for others to explore.”

Getaround launches today in Austin

Getaround, a peer to peer car sharing company, officially launched today in Austin.
Just last month, Getaround launched in the greater Portland metropolitan area with a $1.7 million federal grant. The service is now available in four major cities.
“Our goal when we founded Getaround was to empower people to share cars everywhere,” Getaround co-founder and CEO Sam Zaid said in a news statement. “Car sharing requires consumers to think differently and the viability of car sharing hinges on community. Our members like that Getaround connects them with people who share similar community values and interests. With this in mind we’ve carefully selected the markets in which we’ve entered thus far and are proud to be in Austin.”
In addition to announcing its service in Austin, Jessica Scorpio, co-founder and Director of Marketing at Getaround, will be speaking at the city’s SXSW conference. As a part of the “Launching Companies in Regulated Industries” panel, she will highlight ways to combat the variety of issues faced by technology start-ups launching in regulated industries.

Tabbedout now allows bars and restaurants to accept Paypal

Just in time for South by Southwest, bar patrons can now access their PayPal account to pay for a bar tab thanks to Austin-based Tabbedout, the mobile payment solution that enables customers to open, view and pay their bar or restaurant tab with their phone.
No need to carry around a bunch of credit cards during the insanity that is SXSW. Instead, Tabbedout works on any iPhone or Android mobile phone. The free app lets you settle a bar or restaurant bill with PayPal at select Austin locations.
“PayPal is enthusiastic about giving our consumers the choice to make payments any time, anywhere and in almost any way they want,” Scott Dunlap, vice president of emerging opportunities for PayPal said in a news statement. “Being offered within the Tabbedout mobile app is another way we’re delivering consumers a fast, secure way to pay without ever pulling out their wallets.”

Omni Water Solutions lands $7.9 million, plans to create clean water systems for oil and gas operations


Omni Water Solutions won the Clean Energy Venture Summit last October.
Now the Austin startup, which makes a portable water purifying system, just landed $7.9 million in a first round financing deal led by Austin Ventures. Backers also included investors “connected to land, oil, and gas in the Eagle Ford Shale region of Texas,” according to Omni’s news release.
Omni plans to use proceeds from the financing to create water treatment units for oil and gas operations where water can be treated and re-used instead of discarded.
Founded in 2010, Omni has patent-pending technology that allows it to treat a high volume of contaminated water effectively with its portable systems at remote locations.
“Omni has an industry-leading approach, which has resulted in successful pilot tests with several marquee exploration and production operators,” Clark Jernigan, Venture Partner at Austin Ventures, said in a statement. “We believe that as domestic energy exploration continues to expand, Omni’s advanced technology will become increasingly important to companies that are looking for economical solutions to water conservation and re-use.”

Omni Hippo System – Oil & Gas Market from Omni Water Solutions on Vimeo.

State of Austin entrepreneurship at the Future Forum

Austin is one of the best cities for young entrepreneurs as ranked by Under30CEO.com, which listed the city third in 2011 for startups behind New York and San Francisco, according to the Future Forum at the LBJ Library.
The Future Forum recently held a panel discussion on the “state of Austin entrepreneurship.” Joshua Baer, one of the panelists, a serial entrepreneur and CEO of OtherInbox, uploaded this video of the event to Youtube. Other panelists included Clayton Christopher, Founder of Sweet Leaf Tea and Deep Eddy Vodka and Adam Dell, entrepreneur and parter at Austin Ventures.

UT Entrepreneurship Week features startups and tech veterans

In 1984, Michael Dell started his computer company in a dorm room at the University of Texas and now he is one of the world’s richest men and runs Austin’s largest company.
Since then, hundreds of entrepreneurs have launched ventures while at the university or upon graduating.
To put the spotlight on entrepreneurship, a group of student leaders at the University of Texas have planned the first entrepreneurship week, from March 5 to 9, to foster further collaboration and networking among student entrepreneurs and community innovators.
Fifteen university organizations and institutions organized the event.
“We want to encourage students to network, share their ideas and help each other succeed,” Nick Spiller, co-founder and President of uThinkTank, a student startup that connects other student entrepreneurs to critical resources, said in a news statement.
Events include a stop on the SXSW Startup Crawl, a talk from Pike Powers, a big promoter of Austin’s technology industry, Bob Metcalfe, co-inventor of the Ethernet, founder of 3Com and professor of innovation at the UT, a talk from Kevin Koym, founder of Tech Ranch Austin.
For a schedule of events and to RSVP, visit UT Entrepreneurship Week. You can also follow announcements on Twitter at @TheUThinkTank and @nick_spiller.

Bazaarvoice stock soars in its first day of trading

Brett Hurt, CEO and founder of Bazaarvoice, photo courtesy of McCombsToday.org

Bazaarvoice made some newly minted Austin millionaires today.
The social media marketing company stock debuted on the Nasdaq, priced at $12 a share, Friday morning and rose as high as 41 percent to $17.16 in the afternoon.
The stock, traded under the stock symbol BV, opened at $15.77 a share, up 33 percent, when trading began. The company raised $114 million in its initial public offering. Check Yahoo Finance for its most recent trading activity.
It’s Austin’s first IPO for a tech company this year.
Bazaarvoice provides online social marketing services and software to companies. It helps companies capture and display reviews on their websites and promote their brands online. Its customers include Cabela’s, Footlocker.com, Petco, Sephora USA, LG Electronics, Microsoft, Philips Consumer, Proctor & Gamble, Newell Rubbermaid, Orbitz and USAA, among others. The company reported revenue of $64.5 million in 2011 and a net loss of $20 million.
Bazaarvoice has raised $20 million in venture capital from Battery Ventures, First Round Capital and others, according to TechCrunch.

Bazaarvoice set to go public Friday

Bazaarvoice plans to offer 9.5 million shares of stock in its initial public offering, raising $114 million.
The stock, priced at $12 a share and traded on the Nasdaq under the ticker symbol, BV, will begin trading Friday morning, according to a news release from Bazaarvoice.
The Austin-based company is offering 9 million shares and other stockholders are offering the remainder.
Initially, when Bazaarvoice filed its S-1 registration papers with the Securities and Exchange Commission to go public last summer, the company planned to raise $86.3 million with its stock priced at $10 per share.
Bazaarvoice provides online social marketing services and software to companies. It helps companies capture and display reviews on their websites and promote their brands online. Its customers include Cabela’s, Footlocker.com, Petco, Sephora USA, LG Electronics, Microsoft, Philips Consumer, Proctor & Gamble, Newell Rubbermaid, Orbitz and USAA, among others. The company reported revenue of $64.5 million in 2011 and a net loss of $20 million.
Bazaarvoice has raised $20 million in venture capital from Battery Ventures, First Round Capital and others, according to TechCrunch.
For more information, check out Lori Hawkins’ story in the Austin American Statesman. Reuters also filed a story late Thursday.

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