Tag: technology (Page 10 of 25)

Greenhouse Founders Featured on A Slice of Silicon Hills News

58cd9642-7179-4c86-a0e6-828d61765b0a_244-1Finding Funding for your startup is hard, but Greenhouse is trying to make it easier.
The company is one of several firms taking advantage of the JOBS act of 2012, which relaxes regulations for equity investing and allows individuals to own stock in new startups without being SEC accredited. This means that you, or a friend of yours, can own equity in fledgling startups – as long as you go through a web portal that handles the legal issues.
This is exactly the service that Greenhouse provides. Founders R.C. Rondero de Mosier and Nathan Roach are based in Austin and San Antonio respectively, and hope to create a crowdfunding community in the south Texas area that benefits startups and investors as well as the local economies. With equity crowdfunding, the Greenhouse users will actually own part of the local startups they invest in, creating an incentive to stick with and promote such startups in the future.
“This creates a larger community because you turn your purchasers into advocates, and people are going to be ideally more long term engaged with you,” says Rondero de Mosier.
The JOBS act rules will go into effect as soon as the SEC releases regulations for those rules. Under old rules, only SEC accredited investors could purchase equity in private startup companies – or companies that had not already made an initial public stock offering. Such investors had to be either worth around a million dollars or prove that they made more than $200K annually for several years – a rule which Rondero de Mosier says excluded around 94 percent of Americans from investing in small businesses without public stocks. Once the new rules pass, companies like Greenhouse will open the door for those people by providing a web portal for such investment.
According to Forbes.com, the new rules will allow individuals making less than $100K – most of us – to invest five percent of their annual income in equity crowdfunding. Individuals making more than $100K may invest 10 percent.
Greenhouse is currently in beta, and plans to launch once the SEC rules are fully implemented. Users can sign up for the beta at FundGreenhouse.com.

A Slice of Silicon Hills Talks with Austin-based Circle Media

BY ANDREW MOORE
Reporter with Silicon Hills News

50db8a1a-c635-42cf-ada9-a60b8a20091f_61This week, we talked with Circle Media founder and CEO Mark Piening about his new startup. Incorporated just last January, Circle Media officially launched at SXSW and was one of the five finalists in the Startup Austin Fast Pitch Competition. The Austin based company does data analysis for both event promoters and sponsors to help them better understand, and interact with, customers at their events.
“How do you help these sponsors and these producers of live events make the best live event experiences possible? The only way to do that is to know the audience.” says Piening.
Piening says that the value in knowing the audience comes from sponsors being able to specially target certain demographics. In some cases, sponsors could even connect with and interact with event attendees — offering them coupons or spontaneous opportunities which make the event a more personal and memorable experience.
To do this, the company collects data from event ticket sales, registration, drinks sales, tweets that reference the event, Facebook posts, Foursquare check-ins, consumer data sources and more. They then analyze the data and present it to clients to help them make informed marketing decisions.
The company presents the information through an online dashboard that gives clients everything from who came to their event to what those people said about the event afterwards — helping the clients make better decisions about programming, merchandise, concessions and anything else that was part of the experience. Piening believes this approach can create a fundamental shift in how marketing works.
“We think that the 21st century is the era of authenticity,” says Piening. “It’s an opportunity [for marketing] to really connect with people like friends, be treated like friends, and be respectful like friends in how they communicate with people.
Circe Media has already secured a fortune 50 software company and is in the process of process of implementing a solution for that client. They are currently recruiting marketing agencies and seeking other fortune 500 clients.
Circle media is now hiring developers with experience in Node.js, REAK, Redis, and user experience.

Austin-based StoryPress Lets People Record Their Stories

2a2184a0-370d-4e90-b936-5dfa152f3ec9_640x360This week Slice of Silicon Hills News Host Andrew Moore interviews StoryPress founder Michael Davis about his new iPad app for creating and saving family history through audio stories.

“StoryPress is trying to change the way that family history is preserved and passed down from generation to generation by making it fun and easy to record stories with you own voice,” Davis said.

Davis got the idea from his grandmother. A year and a half ago she had just received an iPad, and was looking for a recording application to record personal stories. None of the available applications were satisfactory – simply providing her with a big MP3 file which she had no idea how incorporate into something bigger. Davis created StoryPress to fill this need.

“Not only do we have the right interface to make it fun and easy, but we came up with the prompts so it’s not intimidating,” Davis said.

The StoryPress app can essentially interview its users by giving them a series of prompts grouped together in topic modules. After choosing one of the modules, users simply respond to each prompt given. When they are done, StoryPress automatically ties all the narration segments together into one audio book. If users feel the prompts are too constricting, they may also do a simple self recorded narration.

The current version app – launched last December — allows users to create audio books with custom book covers images, but future versions will allow users to add pictures and other media.

“The goal is to make it a real multimedia experience where the user can add pictures, background music, videos, and have the story live on one permanent URL,” Davis said.

Future versions of the app will also provide stock photos of iconic American imagines through several eras, as well as musical accompaniments, which users can purchase and add to their audio books.

Users will be able to create their first five stories for free, but will have to pay a yearly cloud storage cost of $49 of they want to create more. If users want a more tangible copy of their audio books, they can also order CD versions from StoryPress for a fee.

StoryPress has seen 4000 downloads so far, and they will be kickstarter April 1 to access more funding. StoryPress will be releasing an Android tablet in mid April.

UMeTime Featured on A Slice of Silicon Hills

imgres-18UMeTime, which has signed up more than 120 businesses in Austin to use its hyperlocal deal app, is featured this week on Slice of Silicon Hills News.
In this episode of Slice of Silicon Hills News, Host Andrew Moore interviews Dan McKernan with UMeTime about a new way to connect businesses with customers. UMeTime allows businesses to create and market their own discounted deals as wells as blast out three hour specials to nearby customers with the UMeTime app. The startup was created by four close friends from California who recently moved to Austin for its startup friendly climate. The hospitality in Austin and Texas have been incredibly helpful to the young company, which launched its app four weeks ago, McKernan said. Silicon Hills News did this Q&A with one of the founders a few weeks ago.
The company plans to launch in five to ten more university markets in Texas by the end of the year.

Kirpeep’s SXSW Swag Challenge Featured on A Slice of Silicon Hills

c6766a5f-1d99-4582-a5df-afa3325716fd_61 Kirpeep’s Leticia Barrientos, vice president of outreach, talks with Slice of Silicon Hills Host Andrew Moore about the startup’s plans for South by Southwest this weekend.
The company, based at Geekdom, is having a swag challenge at SXSW. More than 5,000 people signed up for the challenge, which quickly sold out, Barrientos said. They have established a waitlist. To find out more, the startup will based at Free Lunch Friday’s Rig at SXSW at 604 East 7th Street in Austin.
Kirpeep is an online marketplace that allows people to exchange, buy or sell goods and services. For more on the company, please read this profile on the company.

Disclosure: Kirpeep is an advertiser with Silicon Hills News. And Geekdom is a sponsor.

Dejaset Featured on A Slice of Silicon Hills

0703be48-b48d-4ec7-8920-961f0694894c_366Matt Peterson, founder and CEO of Dejaset, a music technology company in Austin, dropped into the Silver Fox Studios today to chat with Slice of Silicon Hills News Host Andrew Moore.
Dejaset allows bands to capture recordings of live performances and sell them immediately to fans. Peterson has created an application for the bands to record their content and another one for consumers to buy the songs.
The company, based at the Austin Technology Incubator, raised $750,000 in seed stage capital last year. They’re preparing for a big rollout of its service at South by Southwest next week.

Texas State University’s STAR Park keeps High-Tech Companies in Texas

BY ANDREW MOORE
Reporter with Silicon Hills News

STAR park Executive Director Stephen Frayser in the STAR one labs. Photos by Samantha Davis

STAR park Executive Director Stephen Frayser in the STAR one labs. Photos by Samantha Davis

How does a small or mid-sized company create a product on the cutting edge of material science or nano-technology? Not only would they need to acquire or rent multi-million dollar equipment, but they would need access to dedicated lab space and support staff. Traditionally, companies would need to relocate to Silicon Valley to access these resources – but soon, those same companies will have the option of going to Texas State University.
Texas State University has just opened its new Science, Technology, and Advanced Research Park – or STAR Park for short. The park is 38 acres and about five minutes from campus. The university dedicated the first facility of the park — STAR One– on Nov. 9, though the building is not yet ready for occupancy. The park is funded by Texas State University, the Economic Development Administration of the U.S. Department of Commerce, and the city of San Marcos. It is a $7 million investment, and a central part of Texas State’s plan to move toward becoming a tier one research university.
Texas State University’s Associate VP for Research and Federal Relations Bill Covington says that the STAR Park benefits the university and its students as well as the local economy.
“Any time we bring in a company that gets started and starts hiring people it’s good for the economic development for the area,” says Covington.
STAR Park Executive Director Stephen Frayser says the goal of the park is to create a technology incubator and a collaborative community of startups and mid-sized companies that will be able to grow quickly by using Texas State’s unique resources.
“The whole purpose of an incubator is time-to-market,” says Frayser. “What you are trying to do is help companies get the assistance that they need at the time they need it so they can get into the market more efficiently than a competitor that had no assistance.”
STAR One will be ready for occupancy by April. The 20,000-square-foot facility has office space, a conference room, and five lab areas that include chemical labs and clean rooms. When completed, it will be 38,000-square-feet, hold six additional labs, and will host up to 11 companies. Labs in STAR One come with de-ionized water, nitrogen, and compressed air. The facility is also equipped with back-up power and provides waste removal services on site at a reduced cost.
Three companies are already scheduled to move into the new facility in April. MicroPower Global, one of these companies, has already been collaborating with the university research faculty for three years and will now be able to move ahead with their product.
“We have identified an ideal situation where our technology can be finally developed as an embedded company on the campus of Texas State University,” says MicroPower Global’s Chief Technology Officer Tom Zirkle. “STAR One provides us an opportunity to pull that developed technology into pilot production.”
Multi-functional Materials Laboratory

Multi-functional Materials Laboratory

MicroPower Global will also have access to the $7 million Multi-functional Materials Laboratory located on the Texas State University campus. Startups and mid-size companies alike will have access to this top-of-the-line equipment — in addition to STAR Park faculties — once they sign research agreements with the university. The laboratory gives Texas Statue University a major advantage in attracting companies that are on the cutting edge of semiconductor technology.
“Our niche right now in the market is material sciences, nano-materials, and semi conductors — and we have a core staff of people and some fairly deep facilities here that let us stand out from anybody else in the U.S.,” says Frayser.
The different material laboratories at Texas State University currently allow companies to do research at almost the same level as in Silicon Valley. Texas State’s Molecular Beam Epitaxy machine — or MBE – allows them to do advanced research on nano-sized semiconductor materials for extremely small and versatile computer chips. The labs can also create membranes, adhesives, and very simple nano-machines. Companies and startups working at STAR One will be able to use this advanced equipment at the university to do their research and produce prototype technologies – all at a greatly reduced cost versus renting the equipment on the open market.
Labs have equipment that can create Nano-sized objects.

Labs have equipment that can create Nano-sized objects.

These resources are not available to just any interested company, however; there are two requirements for companies that use the facility. First, the company must be developing a unique technology – or one that is not an extension or addition to another technology already on the market. Secondly, the company must have an arrangement that is mutually beneficial to Texas State University, such as a partnership with university faculty or an agreement to utilize Texas State University students as interns.
MicroPower Global has already hired several full time employees from inside the university and currently has six TXST interns doing research for the company. CTO Zirkle says the interns play a major role in the companies’ research.
“They actually have hands on experience doing the very precise processing of the semi-conducter devices that we’re developing,” says Zirkle. “They have an opportunity to have exposure to how a small business operates — how an entrepreneurial environment feels. As we are developing new ideas to solve problems, they actively participate with us in those problem solving sessions.”
Putting students in these hands-on research roles is a key part of the STAR Park’s mission. TXST has already established a Material Science, Engineering and Commercialization PH.D. program — or MSEC — for the purpose of educating students in both the science side and business side of creating a technology company. Park Director Frayser says these students will be ideal candidates for internship positions with companies staying at STAR One.
“One of the biggest complaints businesses have of people they hire from universities is that they have no concept beyond theory of how things really work,” says Frayser. “This intention is to get our graduates to a point where they can become key individuals with firms. One of our Ph.D.s has already been hired by MicroPower to be one of their chief scientists. ”
Frayser says the STAR Park has already generated interest with several other parties besides the three firms coming in April. All companies and startups accepted to the park will pay the market rate for similar lab and office space. Frayser says that the park will try to admit companies that can complement each other as the park develops. Administrators will also help facilitate collaboration between their tenant companies by assessing the strengths and needs of their tenants to help them form mutually beneficial partnerships.
“We have individual companies but then we are going to encourage collaboration where it makes sense to work together on things,” says Frayser. “We want to create a community.”
Though not all research parks are successful, both Frayser and Covington are very optimistic about the future of technology in the San Marcos area.
“I think we are doing this at the right time and in the right way, and we are certainly in a great location in the state of Texas,” says Covington.

SideCar Buys HeyRide of Austin

imgres-13Well that didn’t last long.
One minute, Heyride is making all this noise in Austin and disrupting the taxi industry there.
And the next, it’s swallowed whole by SideCar, a competitor, based in Silicon Valley.
On Thursday, SideCar, a ridesharing startup, announced it acquired the assets of Heyride.
SideCar has a free app for smart phones that hooks people who need rides up with pre-screened drivers.
SideCar is making the acquisition just in time for SXSW. That’s where Josh Huck, the founder and CEO of Heyride, got the idea to create Heyride in 2012. He noticed a shortage of cabs and wished there was a better way to get from place to place than taking a traditional taxi.
While Heyride was only available in Austin, SideCar offers its services in San Francisco and Seattle and has already provided people with more than 100,000 rides. The company will expand its service to Philadelphia, Austin and Los Angeles this weekend and is actively recruiting drivers in New York, Chicago, Washington, DC and Boston.
“We’ve heard from people across the country and around the world that they want the SideCar community to take root in their cities and towns,” Sunil Paul, CEO of SideCar, said in a news release. “Heyride’s talented team has developed a unique design and experience that will help take the rideshare movement we started here in San Francisco nationwide. We are thrilled to welcome Heyride to the SideCar family.”
Heyride had five full time employees. They will join the SideCar staff. Silicon Hills News did this interview with Huck last November.
imgres-12SideCar has raised $10 million from investors including Lightspeed Venture Partners, Google Ventures, Spring Ventures, Huron River Ventures, SV Angel, Lerer Ventures and others.
Heyride raised $400,000 from Silverton Partners in Austin.
The terms of the deal were not disclosed.
The ridesharing industry is beginning to take off despite some early regulatory troubles. In addition to the traditional taxi cabs, Sidecar faces competition from startups Uber and Lyft.

We Are Austin Tech Features Whoosh’s Erica Douglass

url-3This week, We Are Austin Tech, the weekly video site highlighting local movers and shakers in the technology industry, has put the spotlight on Erica Douglass, founder of Whoosh Traffic.
Douglass moved to Austin last year from Silicon Valley. Susan Lahey wrote this profile of her last year.
“Erica started a web hosting and development company in 2001, at age 20,” according to We Are Austin Tech. “Over the next 6 years, she turned the business into one of Silicon Valley’s most well-known web hosting companies, hosting sites for hundreds of the Valley’s most successful startups.”
She sold her company in 2007 for $1.1 million and a few years later launched a popular blog called Erica.biz and then Whoosh Traffic.

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