POWDER KEG Entrepreneurship Conference – Special Offer from IndianaStartup

Experience 2 1/2 days of engaged learning and vantage-shifting inspiration.  Connect with a group of exceptional entrepreneurs, developers, and creatives.

The Powder KegIndianaStartup.com is excited to offer some sweet deals for the huge Powder Keg conference that our friends at Verge are throwing next week.

DEAL 1

For a limited time, you can use the code “STARTUPITUPNOW” when you register and receive a $100 discount on the ticket price!  Tickets are going fast – so get yours pronto!  Purchase tickets at http://powderkeg.eventbrite.com/

DEAL 2

In addition, the next 5 start-ups that (1) tweet something awesome about the conference (be sure to include mention @indianastartup and @powderkegconf), and (2) send an email to mystartup@indianastartup.com, we will cover the cost of your ticket!

 

More info about the Powder Keg below and at powderkeg.org:

This conference is for the crazy ones. The ones who sometimes ignore the rules. The ones who strike forth to boldly pursue their passion, and in doing so, ignite the genius in others. We’re packing the limited space in the Powder Keg with an explosive combination of entrepreneurial energy and creative talent to grow together.

The conference will host keynote presenters like Exact Target founder Scott Dorsey, Startup America CEO Scott Case, and Professional Magician David Blaine.

A full-scale startup pitch competition will be hosted at Lucas Oil Stadium (venue of this year’s Super Bowl), and each evening will feature world-renown music acts in some of the Midwest’s hottest venues.

This inaugural conference will draw hundreds of high-caliber entrepreneurs and investors to downtown Indianapolis for a perspective-shifting entrepreneurial experience.  Presenters include ExactTarget founder Scott Dorsey, Priceline.com founder Scott Case, and New York Times best-selling author, Julien Smith.

For more information, check out http://vergestartups.com/powderkeg/.

Posted in Indiana Startup NewsComments Off on POWDER KEG Entrepreneurship Conference – Special Offer from IndianaStartup

Featured Startup – Stikeleather Apparel Group

This article was orginally posted by our friends over at Startup Spectator.  Since they are so cool they let us post it here as well!

Indy has been a tech startup hotbed for years, encouraging entrepreneurs to innovate, monetize and proliferate. Eac

h month, there’s a new company (or idea that will soon become a company) sprouting up. But it isn’t very often that we hear about a new company working to bring some of that high-tech energy into a clothing line. Stikeleather Apparel Group endeavors to do just that: creatively merge tech-world gadgetry with designer threads.

 

Born and raised in Indy, Ian Stikeleather is a homegrown inventor. But, he’s not one to merely sit back and enjoy thinking up wild ideas – he implements them, integrating far-out dreams with practical, hands-on prototypes. A graduate of Ball State University (Entrepreneurship) and the Art Institute of Indianapolis (Fashion Design), Ian has put together a team that is on the cusp of launching their first clothing line. And, being an inventor by nature, he isn’t just putting out “a clothing line” – he’s building an entirely new way of interacting with the garments he (and his team) creates.

With their new clothing line, Affectation, each piece is able to transform into a variety of looks. Fancy a striped collar? No problem. Brass buttons instead of plain white ones? Okay. The cuffs, buttons, collars, lapels, and countless other details are detachable and interchangeable with no sewing whatsoever. Simple customization is the key to Affectation’s allure. Your outfit seriously has multiple personalities.

When asked how he came up with this detachable/interchangeable idea, Ian began sharing about a different invention of his: Human Habitat. Human Habitat is a line of clothing that allows wearers to control the garment’s temperature. In the summer, you can flip on the A/C with a wrist-mounted controller. Winter? Turn on the heat. One outfit, heated and cooled, ready for any weather. As Ian began tweaking the temperature-control unit (slimming it down, making it less noticeable), he needed a way to easily remove and replace the electronic heating and cooling modules (in order to clean the garments). Bored of zippers, velcro, buttons & the like, he began researching magnetics. Without giving away the secret to his provisional patents (one for each line) he has found ways to attach and interchange all sorts of interesting things to garments.

When asked what his goal was with Stikeleather Apparel Group, he said, “I want to start brands that own patents. I come up with a breakthrough idea or technology, and then begin building a brand around it. That’s why I called it Stikeleather Apparel Group, and not just Stikeleather Apparel.”

You can find Ian and Stikeleather Apparel Group at the Innovation Showcase on Thursday the 12th at Developertown. Ian is also a founding board member of Pattern, Indianapolis’ fashion community meetup group.

 

Posted in Featured Indiana StartupsComments Off on Featured Startup – Stikeleather Apparel Group

Featured Startup – MyJibe.com

Featured Startup – MyJibe.com

Today’s featured Indiana startup business is MyJibe.com – a personal finance planning tool that “enables you at any moment to know how much you can spend, when you can afford what you want and if you’re on track to reach your savings goals.”  I first learned about MyJibe back in February when they presented / launched at the Verge event that month.  I said it then and I’ll say it now – these are easy guys to root for and they have what appears to be a very unique and sensible approach to solving many of the basic, everyday money problems most people face. Read Mike’s interview below, then go sign up for the personal finance wizardry that is MyJibe.com.


How did you come up with concept for your business, and how/when did the business model for that concept become clear?MyJibe: Confidence. Purpose. Peace Of Mind. For You And Your Money.

The need for a better personal finance product came from personal pain.  I just wanted to know “what can I afford to spend?” and “am I on track toward savings goals?” and no product really gave me that.  The business model to support it came from experience in banking and technology.  There are 16,000 U.S. banks and credit unions, and, as consumers increasingly bank online, the competition is fierce and existing technology is behind the times. MyJibe offers modern technology and a way to create stronger, more profitable customer relationships.

What made you first believe that starting a business is right for you (i.e. as opposed to working for someone else)

It’s the same reason why I married my wife…I couldn’t not.  It was a problem that needed solving and we were uniquely positioned to solve it.

What challenges have you encountered?

Dilution.  There are an amazing number of large and small things that need to be done at the same time

What sacrifices have you made to start your business?

I quit the well-paying corporate job with great bennies to work 16 hour days and eat PB&J.  I think my wife made the biggest sacrifice though.

In your opinion, what makes Indiana a great place to start your business?

The support system.  Everyone genuinely wants to see others win and will go out of their ways to help make it happen.  Momentum around the startup scene is building.  It’s great to see organizations and investments like the Orr Fellowship bearing fruit and playing real contributing roles.

If you could give an entrepreneur looking to start a business one piece of advice…what would it be?

Be wary of the “build it and they will come” biz dev strategy.  As soon as possible, shorten the distance between your solution and the person who will pay you for it, preferably before you build the product.

Stat Sheet: MyJibe


  • Business Name: MyJibe
  • Website: MyJibe.com
  • Facebook Fan Page (if applicable):http://www.facebook.com/pages/MyJibe/105520616173325
  • Twitter Account (if applicable):@MyJibe
  • Your title at the business: Michael Langellier, CEO
  • When was the business founded: 2010
  • Business Description in 140 characters or less:  MyJibe is a web-based budgeting & personal finance platform helping banks & CU’s create more loyal & profitable customer relationships.

Posted in Featured Indiana StartupsComments Off on Featured Startup – MyJibe.com

Featured Startup – PolicyStat, LLC

Featured Startup – PolicyStat, LLC

Today’s featured Indiana startup business is PolicyStat, LLC, a Mira award-winning software-as-a-service company which provides healthcare document management solution for hospitals, outpatient clinics, labs and integrated health systems.  It is led by a ridiculously strong management team, starting with President Steve Erlich, who gives some great insight in this interview.

Policy and Procedure Management SoftwareTell us about your startup…your words…whatever you want to say.

PolicyStat, LLC is the manifestation of most economic development leaders’ visions of how a high tech industry will be built and sustained in Indiana. It is a company founded and managed by a group of people who developed essential skills while building other successful high tech companies in the state (e.g. Software Artistry, Aprimo, Pan Testing, Exact Target, Interactive Intelligence, Angel Learning and Autobase); it is a company with capital that was reinvested from liquidity transactions at many of the same companies; it is a company that is in one of the hottest technology spaces today (healthcare IT), attacking the opportunity with current technology (cloud computing, open source technology, and offered software-as-a-service); and it is a company whose software engineering efforts are led by a 2007 graduate of Rose Hulman Institute of Technology. We are the prototypical Indiana early stage company with the credentials to serve as the poster child for many of the economic development efforts around the state.

How did you come up with concept for your business, and how/when did the business model for that concept become clear?

The founders of PolicyStat established the company to commercialize a product concept developed during a consulting engagement they performed for a hospital in northern Indiana. The original business plan was developed by one of the founders in a class at IUPUI. Its expressed intent was to transform the Intranet site developed in the earlier consulting engagement into a software-as-a-service offering designed to manage the lifecycle of important reference documentation (e.g. policies and procedures) for healthcare facilities.

What made you first believe that starting a business is right for you (i.e. as opposed to working for someone else)

My entire career has been spent in entrepreneurial software companies. Almost without exception, each move I’ve made in my career has been to a company that is smaller than the prior one when I joined it. I realized early on that the thing I am most passionate about is creating something and fostering its early growth. Startups are where the “rubber meets the road” in the free enterprise system, and they are a great place to be applying my talents.

What challenges have you encountered?

Every early stage company encounters its own challenges. Challenges can come from all angles – the marketplace, the economy, technology, employees, etc. Some of the biggest challenges I’ve encountered include: deciding how to shrink a company’s workforce when market conditions or business models change; getting stock option-holding employees to realize that an IPO is not an end, but rather a means to an end; and raising money during the months following the Lehman Brothers collapse.

What sacrifices have you made to start your business?

Cash is king in a start up. Continuously moving to smaller companies has meant that strict salary growth has had to receive less emphasis in my overall view of compensation. Almost without exception my cash compensation has decreased each time I have accepted a position at a new early stage company. I received no monetary compensation at PolicyStat for my first nine months here, and even after three and one half years my overall cash compensation is still less than what it was when I left my last company.

In your opinion, what makes Indiana a great place to start your business?

Mitch Daniels and his administration have done an exceptional job aligning the tax policy, incentives, and logistical support within Indiana to foster small company success. The State of Indiana’s efforts are further helped by a sense of community among the majority of Indiana’s high tech industry participants who all seem to realize that when one company wins we all win.

If you could give an entrepreneur looking to start a business one piece of advice…what would it be?

Great companies are bought not sold; so make it your priority to build a great company if you want to maximize your personal investments in it. When you set out to build a great company, make sure to do so for all of your stakeholders – customers first, employees second, community third – and the rewards will come for your shareholders. There is no guarantee of success when you set out to build a great company, and it takes infinite patience and a lot of faith to get there

 

Stat Sheet: PolicyStat,LLC


Policy and Procedure Management Software

  • Business Name: PolicyStat, LLC
  • Website: policystat.com
  • Facebook Fan Page (if applicable): http://www.facebook.com/pages/PolicyStat-LLC/123331444358877
  • Twitter Account (if applicable):@policystat
  • Your title at the business: Steven M. Ehrlich, President
  • When was the business founded: 2006
  • Business Description in 140 characters or less (or not): Located in Indianapolis, Indiana, PolicyStat is an award-winning policy management software company which provides an industry leading healthcare document management solution for hospitals, outpatient clinics, labs and integrated health systems. PolicyStat’s mission is to enhance healthcare through simple, powerful and reliable web-based solutions that help people manage and disseminate vital information.

Posted in Featured Indiana StartupsComments Off on Featured Startup – PolicyStat, LLC

The Innovation Showcase – VIP Pass / Verge Shirt Giveaway!

The Innovation Showcase – VIP Pass / Verge Shirt Giveaway!

Next Tuesday, July 12th, The Innovation Showcase is going down at the sweet new Developer Town facility .  If you read this blog, you already know this.  There is a ton of buzz around the event – which will be showcasing 50 of Indiana’s hottest startups – and hopes to attract upwards of 1,000 people.  To help make sure this is an epic event, our friends at Verge are giving away one Verge t-shirt and one entry pass to the invite only VIP reception that takes place before the showcase.  Here is what you need to do to get in on this fabulous prize package:

  • Sign up for the Innovation Showcase by clicking ======>>>> HERE
  • Tweet about this blog post by clicking ======>>>>.

And that’s it!  One lucky person who executes those simple instructions before 5pm TODAY (randomly chosen) will win the VIP Pass and Verge T-shirt – a prize package worth literally nine or ten dollars!!  Even if you have already signed up, click on the link to tweet this post and you will be eligible for the prize package.

Now if I can just figure out a way to get a Verge t-shirt of my own (I’m looking at you @hunckler).

Posted in Indiana Startup NewsComments Off on The Innovation Showcase – VIP Pass / Verge Shirt Giveaway!

Featured Startup – HauntedFlower.com

Featured Startup – HauntedFlower.com

Today’s featured Indiana startup business is HauntedFlower.com, a startup that sells (not flowers that are haunted) licensed t-shirts to nerds everywhere via the magic of the Internet.  What is cool about that you ask? The startup is run by two people (husband and wife), out of their home, using super efficient order fulfillment – which means they don’t keep their basement and garage stocked with t-shirts – and they project doing $2 million in sales this year.  Sounds pretty damned cool to me.

Tell us about your startup…your words…whatever you want to say.

I like to remind myself that in 2007 I stated that nobody would ever want to buy a t-shirt online. It is a great reminder to be open minded and flexible, and the try things that don’t always aline with common sense. I still eat those words today, and enjoy every minute of it. We currently sell about 200 tees per day to customers all over the US. I am very excited about facing the new challenges of international markets and continuing to take market-share from other major online players. Haunted Flower was started in the “two-bedroom” of a tiny two bedroom apartment with about $300, and that is the only investment and/or seed money received to this day. We hope to have revenues of $2 million in 2011, and we see business continuing to grow exponentially in the future as online shopping becomes even more popular than it is today.

How did you come up with concept for your business, and how/when did the business model for that concept become clear?

The concept came when I was still working as a store manager for a national chain with shops in malls across the country. I was something of a turn-around expert and I was moved around a lot to stores that needed a shot in the arm. This meant my wife had to look for new work and start at the bottom of the ladder at least once a year, we moved about every nine months back then. I had the idea to start an eBay business buying things on clearance sales and reselling them out of our home.

The actual business model we use today only became clear in the last 12 months. The concept and mission was always simple, to get products our customers want into their hands. Building the product pipeline
around that involved a lot of trial and error. We used to ship everything out of our garage, at one point we bought a house that was more like a warehouse than a home, it had five bedrooms. We used four for storage and one for sleeping. When processing thousands to t-shirt products became unrealistic we took a turn towards automation.

Today the vendors actually package and ship our merchandise to a fulfillment center that packs and ships orders to customers. As owners we rarely even see the product. Customer service, inventory management including ordering and returs, web design, product design and general store management are all outsourced now. By the end of last year we completed a framework for the product pipeline that will remain completely scalable for as long as we can increase sales.

What made you first believe that starting a business is right for you (i.e. as opposed to working for someone else)?

Great question, I am not sure what the answer is. Unlike most employees turned entrepreneurs I was very happy at my job. I loved what I did in retail management, and I liked my supervisors and the corporate structure for the most part. I think that is why I took a very corporate management approach to my own company, and other business owners I know have commented that they believe it really contributed to the success of my business. There is something to be said for the discipline and accountability you have to learn as an employee. For example, I work out of the home. I could spend all day in my pajamas. Yet I have developed a bit of a dress code that I call the “Tight Pants Theory”. When I get up in the morning I get dressed as though I was still going to work for a company with a dress code. I don’t put on a suit and tie, but I wear respectable, clean khakis and a clean, comfortable shirt. I put on shoes that are similar to what I used to wear in my store before I enter my office. I enforce this dress code until I have completed the most crucial tasks of the day which usually takes about 3 or 4 hours, then I allow myself to change into shorts, sweatpants, pajamas, whatever. The motivation is that the dress code is a little less comfortable and forces me to treat my time seriously. I found quickly if I stay in sweat pants all day I am not half as productive..

What challenges have you encountered?

Most of them were internal to be honest. The hardest thing is still to operate in the grey area, making decisions and taking action when you don’t know for sure if you will be right. Every time I commit to a major purchase of inventory there is a chance customers just wont like it, or that they wont want to pay what I charge. I think you have to be an optimist without fooling yourself, and that can be a hard line to walk. Externally there are few challenges that can compare, we live in a world where information and opportunity abound if you have the courage to pursue it.

What sacrifices have you made to start your business?

To be honest, I found that the sacrifices to work for someone else were far greater. When I finally left my retail management job in Dec 2008 (which coincided with stock market crash and the economic crisis, scary times) I was amazed. I went from working 44 – 60 hours per week in someone else’s store in 2008 to working 3 -4 hour days in my house on my own business with financial rewards triple those of my previous job. I think it comes from what I did before I started my company. I put myself heart and soul into building my employer’s brand and balance sheet, and I worked myself to death doing it. I swear I still act like a 40 year old twenty-something. With that kind of work ethic and self discipline I found starting and running a company much simpler.

In your opinion, what makes Indiana a great place to start your business?

The people here. The last two places I lived were Ohio and Michigan, near Detroit. The economic pain the country has gone through has hit those places and the people who live there very hard. It is difficult to be optimistic and forward-thinking in those areas, and it is hard to find people who can motivate and inspire you. Indiana and Hamilton County specifically do not seem as effected, and you can find bright, successful people here to help inspire and motivate you to succeed. Environment is important, even working from home doesn’t protect you if all you hear when you step outside is negative negative negative. That is one reason I don’t watch the news or read the newspaper, I just talk to people and the people here in Indiana have a great work ethic, great values and great overall perspective. It is a fantastic atmosphere to be a part of as an entrepreneur.

If you could give an entrepreneur looking to start a business one piece of advice…what would it be?

Sell your product. There will be plenty of time to make business cards, register for sales tax, design a logo, website, so on. Just start selling your product or service on eBay, craigslist, Facebook, door to door, whatever channel suits your idea, get those first twenty sales/clients/whatever before you even think about something else. If you can’t sell the product, all those other things will be a waste of time anyway, and the sooner you find out if your product will sell the sooner you can move forward confident you have made the right decision in becoming an entrepreneur.

PS If I could give two pieces of advice, the second piece would be a reading list:

  • Rich Dad Poor Dad
  • The 4 Hour Work Week
  • Ready, Fire Aim

 

Stat Sheet: Haunted Flower, LLC

 

  • Business Name: Haunted Flower, LLC
  • Website: www.hauntedflower.com
  • Facebook Fan Page (if applicable): facebook.com/hauntedflower (10000+ fans!)
  • Twitter Account (if applicable):@haunted_flower
  • Your title at the business: Daniel Wagner, Founder
  • When was the business founded: 2007
  • Business Description in 140 characters or less: Haunted Flower specializes in officially licensed novelty apparel, especially t-shirts for men and women, teen through adult.  We carry high quality professionally printed tees that make fantastic gifts.

Posted in Featured Indiana StartupsComments Off on Featured Startup – HauntedFlower.com

Using Social Media to Raise Capital?  Bad idea (even it is to buy beer).

Using Social Media to Raise Capital? Bad idea (even it is to buy beer).

If you are raising capital for your startup business through some sort of securities offering (i.e.  selling stock, LLC units, notes, bonds…etc…to investors), hopefully you have sought the advice of a good lawyer.  And hopefully the first thing that lawyer did was grab your ear and explain to you the concept of “general solicitation.”  And hopefully then that lawyer explained to you that if you generally solicit potential investors, you run the risk of getting smacked silly by the SEC and state securities regulators – especially if those solicitations turn into actual sales of securities.

In general, the rule against general solicitation means that you cannot advertise, engage in a mass mailing, or issue a press release that discusses the existence of your offering / potential offering of securities. A conservative interpretation of the SEC’s view is that all potential investors should be people with whom a company, its directors, officers, or full-time employees have a pre-existing business relationship.  If you want to generally solicit, you need to register your securities with the SEC, which means big bucks in legal and underwriting fees (e.g. and IPO).

Now you can officially add social media to the list of no-no’s (which should have been quite obvious anyways).

Yesterday the SEC announced a settlement with two advertising executives who launched a Twitter and Facebook campaign to buy the Pabst Brewing Company, makers of the questionably classic beer Pabst Blue Ribbon.  They also created a website that is no longer around – BuyaBeerCompany.com (yes!).  Their stated goal was to raise $300 million to buy Pabst.  So they started taking pledges, and apparently received around $15 million in pledges within a few weeks – and the full $200 million from 5 million pledgers within 5 months (wow!).  Of course this attracted media attention, which alerted the SEC to the campaign, and of course the SEC got all hot and bothered.  This was clearly a general solicitation, and the SEC was having none of it.   In the end, the two never received the $300 million in pledges, and never collected any money.  The SEC issued an order finding that these two knuckleheads violated federal securities law. As a result, they must cease and desist from committing or causing any violations and from committing or causing any future violations federal securities law – which the knuckleheads consented to without admitting any wrongdoing.

This was more about setting an example than actually dishing out punishment (they got slapped on the wrist). The clear message is that if you start tweeting to the masses that you are raising money, be prepared to get an SEC boot planted in your rear.  Luckily for these guys they never actually collected any money, and more importantly, never lost any money they may have collected – because then this would have been about punishment – and the penalties can be quite severe.

I am not always a huge fan of our securities regulatory scheme – sometimes it makes it very difficult and expensive for a startup with little capital to raise the capital it needs to get off the ground or expand.  And this is coming from someone who makes a decent living advising business owners who are raising capital.  Still, there is a reason these laws and regulations are in place (scam artists lurking EVERYWHERE).  So if you are raising capital, be careful, and get some good advice.  And stay off the twitter. And the facebook.  And don’t launch a website called “PleaseInvestInMyCompany.com” (I already own that domain name anyways).

 

Posted in Private Placement (PPM), Raising Capital, Raising Venture CapitalComments Off on Using Social Media to Raise Capital? Bad idea (even it is to buy beer).

Featured Startup – Dialawg, LLC

Featured Startup – Dialawg, LLC

Today’s featured Indiana startup business is Dialawg, LLC, a startup that provides a service that is near and dear to my nerdy attorney heart.  Attorneys have all sorts of ethical obligations to keep client communications confidential / top secret.  Some communications and documents are obviously more sensitive than others.  Email is by far the dominant way for attorneys (and anyone for that matter) to distribute information – but it is not always the most secure way to do it.  That is where Dialawg comes in – it provides a secure online platform for attorneys to share sensitive information with clients and other people – and keep in line with ethical requirements.  I just met these guys recently, and plan on giving it a whirl in my practice.

Tell us about your startup…your words…whatever you want to say.

Dialawg allows important conversations to be had online in a private, trackable, and organized manner.  We are a two-person, Indiana-based startup with a wholly-owned Canadian subsidiary.  Our clients simply “start a Dialawg” and then post messages, files, and form submissions as they like. Participants can be added at any point and receive access to everything in the Dialawg.  Features like real-time chat, simple conference calls, and IMAP integration make keeping people connected easy, and at the end of the day, a PDF audit report can be downloaded to verify activity within the conversation.

How did you come up with concept for your business, and how/when did the business model for that concept become clear?

My co-founder, Jeff, has been an attorney for about seven years.  After a few years of practice, he noticed the disturbingly commonplace use of unencrypted email to distribute highly sensitive information to clients, and he approached me with the idea of building an end-to-end encrypted system for transmitting messages and files.  We began by targeting the legal community with a simple solution, and soon realized that we had an opportunity to revolutionize the digital conversation for everyone.

What made you first believe that starting a business is right for you (i.e. as opposed to working for someone else)

I’ve been a creator since I was a kid: one of my first inventions was a reusable band-aid (which wasn’t such a big hit with adult audiences), and the clubs I started with my friends collected taxes and had loan services. I always knew that I’d have to run my own business to be truly satisfied, and every professional move I’ve made since has been another step in that direction. For me, having my own business is just about finding equilibrium.

What challenges have you encountered?

The biggest challenge for us has been getting the word out. As a small, largely self-funded operation, we haven’t had the luxury of hiring a lot of staff or making expensive marketing moves. We have to balance sales, marketing, and basic business activities with building a fantastic product. We were in operation for over two years before our system led us to the realization that context was the missing ingredient and that our customers should be starting “Dialawgs” with each other. Although staying so busy with the day-to-day operations has sometimes prevented us from being able to spend a lot of resources on reaching a wider audience, our hard work is now apparent in our solid, stable platform.

What sacrifices have you made to start your business?

Since we don’t have rich uncles or piles of gold in our garages, we’ve had to simplify our lifestyles and sometimes take on additional work when necessary. Before Dialawg, I had been working on another startup for almost three years. The long nights of coding are over (there’s only so long you can physically keep that up), but I’ve been hitting things extremely hard for over five years now. I’ve learned a lot about patience, humility, and the importance of a life-work balance.

In your opinion, what makes Indiana a great place to start your business?

The low cost of living and high quality of available services in Indiana has been a big benefit to our company–running an operation as ambitious as Dialawg on such limited inputs may not have been as possible in the Valley.

If you could give an entrepreneur looking to start a business one piece of advice…what would it be?

Patience and honesty are critical. Starting a business is relatively easy, but sticking it out and refining your work into something truly remarkable always seems to take longer than you might expect. Without being honest with yourself you can’t build a great product, and without being honest with your customers, you can’t expect reliable revenue.

 

Stat Sheet: Dialawg

 

  • Business Name: Dialawg, LLC
  • Website: www.dialawg.com
  • Facebook Fan Page (if applicable): http://www.facebook.com/pages/Dialawg/39955629978
  • Twitter Account (if applicable):@dialawg
  • Your title at the business: Colin Mathews, Co-Founder and Chief Technologist
  • When was the business founded: Winter ’08-’09
  • Business Description in 140 characters or less: Dialawg allows you to have a private conversation, accessible from anywhere, where parties may easily exchange messages, share files and collaborate on documents

Posted in Featured Indiana StartupsComments (1)

Check Me Out On The Latest 8ify.com Podcast

Check Me Out On The Latest 8ify.com Podcast

I am a huge fan of 8ify.com and its fearless technology ninja leader @BrandonCorbin.  Earlier this week I had the pleasure to spend an hour talking with Brandon on episode 20 of his great @8ify podcast series.  I think it turned out pretty good, and we talk about what’s going on around Indy, about designing sewers (not kidding), and other wine/bourbon induced topics.

You can listen to the podcast here, or you even better, subscribe to the whole podcast series on iTunes.  You may note that the logo to the right has a really neato caricature of none other than Brandon Corbin himself.  This is way cooler than the stuffy picture of me wearing a tie that continues to circulate the Internet and is shown on the podcast page.

If you have any interest in recording a podcast, or if want to know more about why you SHOULD be recording a podcast for your business, you need to check out Brandon’s podcast production studio Digital Good Studio!  Tell him IndianaStartup.com sent you, and maybe he’ll give me a cookie.

Posted in Indiana Startup News, Startup AdviceComments Off on Check Me Out On The Latest 8ify.com Podcast

Tech startup?  Yes?  Sign up for The Innovation Showcase Now!

Tech startup? Yes? Sign up for The Innovation Showcase Now!

As I blogged about a few weeks back, there is a great event for Indianapolis tech community coming up on July 12, 2011 – The Innovation Showcase.

The Innovation Showcase, hosted by the Venture Club of Indiana and Verge, is a venture capital conference for fundable companies to present their business idea. It showcases over 50 high potential companies in the areas of information technology, alternative energy, life sciences, medical devices, and industrial products, that are commercializing market changing, cutting-edge technologies. Guests range from a diverse network of more than 300 venture capitalists, angel investors, business executives, and other entrepreneurs.

I honestly think this year’s Innovation Showcase could be a threshold event/moment for Indy.  The venue is HUGE (hello Developer Town)!  The co-host is the hottest tech startup event in the universe (hello Verge).  There is a ton of buzz around town, regionally, and nationally about Indy and its startup movement.  Everything seems to be aligning for this event to take all of that buzz, vibe and energy and blow it out in one great night highlighting the best of what is happening here.

In a nutshell, it is going to be awesome, and potentially a watershed moment for Indy.

So…if you have any interest in helping Indiana / Indianapolis continue to evolve as a leading place to start and grow a business, particularly with respect to cutting edge technologies, you need to participate in this event.  Why wouldn’t you?  There are two ways:

  1. Are you a tech type startup?  Then you need to be an exhibitor.  Period.  Go here, and sign up NOW.  You can thank me later.
  2. Are you an investor?  Startup junkie?  Technology junkie?  Love all things Indy?  Then you need to register here NOW.  You can also thank me later.

See you there!

Posted in Indiana Startup NewsComments Off on Tech startup? Yes? Sign up for The Innovation Showcase Now!

Powderkeg Conference
The Speakeasy - a place for Indianapolis-based entrepreneurs, startups, and the folks who support them to work, play, and collaborate
Launch Fishers

  • Latest
  • Popular
  • Comments
  • Tags
  • Subscribe
IndianaStartup.com on LinkedIN.com