Tag: boomtown

  • Speaking on Entrepreneurship with the Russian CIEE Russia Youth Leadership and Entrepreneurship Virtual Exchange Program

    Speaking on Entrepreneurship with the Russian CIEE Russia Youth Leadership and Entrepreneurship Virtual Exchange Program

    Thanks to the Russian CIEE Russia Youth Leadership and Entrepreneurship Virtual Exchange Program for having me speak with them about startup investing and entrepreneurship. Looking forward to hearing the business pitches at the end of the program.

    Russia Youth Leadership and Entrepreneurship Virtual Exchange Program

    Program description

    This virtual exchange program for Russian and American university students aims at creating a dialogue between peers in the two countries, developing students’ intercultural competencies, while at the same time developing their entrepreneurial skills. During the ten-week, non-credit course, participants will acquire an understanding of the entrepreneurial process, including customer, market, and industry analysis that are used to develop a viable product. Special attention will be devoted to the topic of inclusion by ensuring employment opportunities for people with disabilities. Course sessions are designed to motivate students to generate their own business ideas by working in groups on a concrete project, to be presented during the last week of the program. The program participants will be divided in teams, comprising Russian and US students.

    Learning objectives

    Upon successful completion of this course, participants will:

    • advance their intercultural competences, as well as their problem-solving and negotiating skills by working in teams with their peers from culturally and geographically diverse backgrounds;
      • develop conceptual and practical knowledge of entrepreneurial process and an entrepreneur’s role in different cultural contexts;
      • recognize the importance of creating diverse and inclusive workplaces for organizational success;
      • enhance pitching skills by actively participating in group discussions and contributing to the final presentation of their group.

    Methods of Instruction

    The course material is presented via on-line (synchronous) sessions, running twice a week. Sessions on Wednesday will introduce the major business concepts and ideas, while Friday sessions will focus on their use in practice. Invited guest speakers from business, academia and NGO sectors will address students in various weeks, followed by Q&A sessions. Weekly readings and assignments will be posted every Monday on the Canvas course site. Although fluid from week to week, students’ workload will on average include:

    • 120 minutes of live class sessions;
    • 30 minutes for home assignments;
    • 30 minutes engaging in team work on the final project.

    The final project: In-class Business Pitch

    The culminating assignment of the program will be an in-class business pitch, which students will develop over the course of the program. Its presentation will assess student abilities to articulate their business idea, their initial start-up needs, and the business launch timeline. Students can draw from the lectures, practical sessions, guest talks and reading materials while preparing their presentations. The presentations should follow the template and the criteria, which will be provided at the beginning of the course. Student teams will deliver their presentations during the concluding session (Week 10) as a team. Course participants and instructors will offer their feedback to each team’s presentation based on the set of criteria that were previously discussed in the course.

  • Judging Denver Startup Week Elevator Pitches.. in an Elevator!

    Judging Denver Startup Week Elevator Pitches.. in an Elevator!

    Going up? We sure were at the Denver Startup Week Elevator Pitch Event. I stood in an elevator in downtown Denver and listened to short 1 minute pitches from emerging startups.. super fast, super fun. I also had a chance to introduce Boomtown, and speak a bit about how we work with founders.

    GAN, a highly curated group of accelerators, partners and investors, presents a pitch competition in an actual elevator! Startups line up to pitch in the elevator – each startup will pitch in front of a panel of Denver judges, which includes Investors, Directors from top GAN Accelerators such as Boomtown Accelerators, Canopy Boulder, Telluride Venture Accelerator, Exponential Impact, ICELab, Techstars & UpRamp, as well as local business leaders. The ride takes about one minute round trip – a true elevator pitch!

  • Reverse Pitching Boomtown at Denver Startup Week

    Reverse Pitching Boomtown at Denver Startup Week

    This week, I was happy to pitch Boomtown Accelerators at the Denver Startup Week Reverse Accelerator Pitch Session. Thanks GAN for hosting, and for all of the great questions from the audience.

    GAN is a highly-curated community of accelerators, partners, and investors who all share a collective purpose of creating opportunities for startups around the world to access the human and financial capital they need to create and grow their businesses, wherever they are.

    This event is a great opportunity to hear directly from the leaders from GAN Accelerators right here in Colorado and beyond: Techstars, Exponential Impact, Canopy Boulder, Boomtown, UpRamp, ICELab, Telluride Venture Accelerator and NMotion. Each accelerator will give a quick pitch on their program, explain what makes them unique, and answer questions from attendees.

     

     

  • Mentoring German Marshall Fund YTLI Fellows

    Mentoring German Marshall Fund YTLI Fellows

    This week, I was proud to spend a bit of time working with a group of international entrepreneurs participating in the German Marshall Fund of the United States Young Transatlantic Innovation Leaders Initiative Fellowship, supported by the U.S. Department of State. We discussed:

    • The quick expansion of the Denver/Boulder area entrepreneurship landscape and opportunities for startup venture capital.
    • Considerations for international startups working in and moving to the United States.
    • The Boomtown Accelerators process and how I look at startup applications.
    • Startup pitch practice

    The Young Transatlantic Innovation Leaders Initiative (YTILI) Fellowship is a flagship young European leaders program of the U.S. Department of State that is supported in its implementation by the German Marshall Fund of the United States (GMF).

    During this year-long fellowship, young European entrepreneurs from 45 eligible countries will participate in a series of activities designed to strengthen their businesses and create a transatlantic innovation network.

    YTILI fellows are young entrepreneurs between the ages of 24-35 with either commercial or social ventures that they are seeking to scale in their home countries. The YTILI experience is a professional development opportunity for innovators to become changemakers by developing the skills to be successful entrepreneurs. YTILI Fellows are given access to a network of professionals, mentors, and resources aligned to support the growth of their venture during the fellowship experience. By exploring entrepreneurship in the transatlantic context, YTILI fellows will also develop the expertise to better engage in policy conversations in their home countries, across Europe, and in the transatlantic sphere.

  • Leading the Montreal StartupFest 2019 “Startup Accelerator Communities” Roundtable Discussion

    Leading the Montreal StartupFest 2019 “Startup Accelerator Communities” Roundtable Discussion

    At Montreal StartupFest 2019, I led a roundtable discussion on Building Startup Accelerator Communities, accompanied by industry colleague Tariq Haddadin of Techstars. Thanks to the StartupFest team for putting on a solid event!

    Discussion Notes: Montreal StartupFest 2019 – Building Startup Accelerator Communities Roundtable Discussion

    Led by Jeffrey Donenfeld of Boomtown Accelerators and Tariq Haddadin of Techstars

    Opening

    • Accelerator model and Accelerators Networks

    Round table

    • Local vs global networks
    • Startup partners (AWS, Google for Entrepreneur, etc.)
    • How your accelerator can be a part of the network and a catalyst for corporates
    • You are building a social network for your accelerator but more importantly for your companies and founders and alumni
    • GAN
    • Building a network for your accelerator (pipeline, investors, etc.)
    • How to use corporate relationships with accelerators to apply their network to your accelerator companies + alumni
    • Benefits of creating a global network of partners
    • Community events

    Managing founder<>Mentor relationships and setting expectations – do staff manage mentors or do you setup separate person for managing these relationships?

    • Asking questions rather than doing work. (Bob, Innova Corp)
    • Educating mentors on how to mentor effectively (Tariq) and setting up initial Mentor Madness meeting
    • Weekly update emails from Mentors on what they can do
    • (David F)Building mentors network through tiers. Give first and divide of giving vs selling (Jeffrey)
    • Hybrid local/remote mode (Alex Reid ) zoom meetings and quarterly reviews,  planned meetings – tech to engage folks
    • Mentor company vs mentor entrepreneur – mentor the person for longterm (robert)

    Connecting accelerators around the world

    • Look for synergies of founders for prioritizing connections (tariq)
    • GAN (Jeffrey)
    • Build local network first
    • Used to enhance dealflow synergies (jeffrey)

    Using network to build investor relationships

    • Rise of pre-venture community
    • Seattle angel conference, rockies venture club

    Corporate Accelerators

    • Corporate resources that an accelerator can’t necessarily provide (tariq) pushing give first
    • Learning how to deal with corporations (jeffrey)
    • (Vivek (loreal)) – do boomtown/techstars compete on comcast – find unique strengths for each program


    https://twitter.com/Jeffzilla/status/1148729065538383872
    https://twitter.com/Jeffzilla/status/1148684776653692928

  • Mentoring Startups from Emerging Markets at Seedstars World Summit 2019

    Mentoring Startups from Emerging Markets at Seedstars World Summit 2019

    I’m proud to have spent an action-packed week mentoring startups from global emerging markets at part of the Seedstars 2019 World Summit in Lausanne, Switzerland on behalf of Boomtown Accelerators (where I currently serve as Investment Director) It’s always a pleasure to connect with founders from across the globe, trade ideas, and teach them about what we’re working on in the USA/Colorado market. Stay tuned to Seedstars.. you’ll continue to hear about the startups in their programs well into the future.

  • Mentoring startups at the Seedstars CEE Summit

    Mentoring startups at the Seedstars CEE Summit

    In December 2018, I was honored to mentor startups and speak at the Seedstars CEE Summit. Meeting with leading edge entrepreneurs in the CEE region was an inspiring project, and I’m looking forward to continuing to work with this engaging group. A few of the key topics covered included:

    • Key considerations for CEE startups appealing to American and international investors.
    • Assessing startup accelerator, incubator, venture capital, angel, and studio models – which is right for your business?
    • Emerging technologies and viable applications for startups.
    • Pitch practice and pitch competition considerations.
    • What role emerging markets play in the entrepreneurial landscape and how to efficiently leverage emerging markets opportunities.

     

    Seedstars World is a Switzerland based startup competition that takes place in emerging markets. We run 65+ local competitions where we identify the best seed-stage startups, give them pitch training and award the winners with an opportunity to compete in the Seedstars Summit where one of them will be crowned Seedstars World Global Winner.

    Seedstars CEE Summit bridges the gap between ecosystems and connects regional stakeholders to promote and foster entrepreneurship & technology in emerging markets as a ?way to impact people’s lives & reach the Sustainable Development Goals (SDGs). An event with the purpose to shape the future of Europe and Central Asia.

     

     

  • Pitching Boomtown at the University of Colorado’s Tech Transfer Office Accelerator Seminar

    Pitching Boomtown at the University of Colorado’s Tech Transfer Office Accelerator Seminar

    Today I had the opportunity to speak to a group of grad students and early entrepreneurs about the details of the startup accelerator and incubator ecosystem in Boulder. I was joined by industry colleagues from Innosphere, Rockies Venture Club, Boulder Small Business Development Center, and CatalyzeCU.

    Boomtown Accelerator is currently accepting applications.

     

  • Teaching the Galvanize Workshop: What’s Next for My Startup?

    Teaching the Galvanize Workshop: What’s Next for My Startup?

    This week, I was proud to develop and teach the Galvanize workshop titled “What’s Next for My Startup?“. During this hour-long workshop, I worked with a group of emerging entrepreneurs to discuss pathways for their startups, analyze the state of venture capital, and go over the model we’re pursuing at Boomtown.

     

  • Boomtown Accelerator Demo Day Spring 2018 showcases our 10th Cohort

    Boomtown Accelerator Demo Day Spring 2018 showcases our 10th Cohort

    Last Friday, May 18th, I was proud see Boomtown Accelerator’s 10th cohort showcase their businesses at Demo Day, part of Boulder Startup Week. As Investment Manager at Boomtown, it’s always a satisfying experience seeing the companies I helped to bring into the program finally graduate, with the growth and success of their businesses on the right track.

    BizWest had a quick writeup:

    Boomtown has graduated its 10th cohort, with companies solving problems like the miscommunication between doctors and patients before surgery, growing camaraderie in the workplace and creating a better search engine for businesses.

    Of the 11 companies in the program, five were part of the partnered accelerators Boomtown has: a patient safety health tech accelerator it has in conjunction with COPIC and a hardware and connectivity accelerator it has with Upramp, the CableLabs accelerator.

    BizWest attended Boomtown’s investors’ preview on Friday, the final day of Boulder Startup Week. During the investor showcase, companies were able to ask for funds and specific support.

    Continue reading “Boomtown graduates tackle specific issues in latest cohort” on BizWest. 

     

    A few pics from the event…

     

  • How to move your startup to the USA and get accepted by a top US startup accelerator…

    How to move your startup to the USA and get accepted by a top US startup accelerator…

    Building your company in the United States can be a great idea – we have resources, expertise, and a quickly growing startup and entrepreneurship industry. In my role as Investment Manager at Boomtown Accelerator in Boulder, Colorado, I review a wide variety of applications to the Boomtown Accelerator Program from startups all over the world, including Russia, Ukraine, China, Taiwan, Canada, Spain, and Nigeria – among many others. I’m in a unique position to know what works in the US and at our program for both US-based startups, as well as foreign startups. Although each application is different, a few common threads prevail.

    Over the past month working with the US Department of State Bureau of Educational and Cultural Affairs and the American Councils for International Education program, I’ve been traveling to a number of cities in  Russia, speaking with international startups about the venture investing and accelerating landscape in the United States, and offering some tips and suggestions. I’ve distilled my main suggestions down to a few key points, which I feel encapsulate some of the most important concepts to keep in mind when applying a foreign startup to a US-Based accelerator, incubator, VC, or Angel Investor.

    Interested in joining us at Boomtown Accelerator in Boulder, Colorado, USA? Apply now. 

    Key items to keep in mind when considering applying with your company to a US-based accelerator. These items are just brief comments, and should not be taken as specific advice. At Boomtown, we work with startups to guide them through all of these items, and more.

    • Consider incorporating your business in the US, possible as a Delaware company. At Boomtown, we work with startups on assessing these items all the time.
    • Build a network of mentors and advisors in the USA, who can help you with USA-specific business decisions. Be open to meeting new people and working with experts. It’s OK if you don’t know everything regarding how you’re going to run your business – needing advisors is not a sign of weakness at all.
    • Be able to pitch your idea and company both in terms of your technical skills AND business skills. So many times I’ve heard ideas from teams with a ton of technical talent, but when it comes time to talk business strategy, they fall flat – and can’t readily admit they need help. Be open to asking for help in areas you need it.
    • Apply idea to US market – how are you going to apply your business to the US Market? How will you test it in the US?
    • Secure IP – Understand what parts of your business are unique, novel, and protectable, and be able to talk about that. Simply being “first to market” without a defined technical advantage is not often enough – you need to be able to consider how you’ll hold onto your advantage. Got a provisional patent on a core piece of tech? Great!
    • Demonstrate Traction – Real traction. If you’re launching an app, for example, be able to tell us how many active, real, engaged users you have, and what real feedback you’ve gotten from them. We’d much rather be able to talk to you about feedback from 100 real users, rather than 1000000 fake users.
    • English – Speak good business english. It’s not enough to simply be able to give your presentation in english- you need developed english language skills, and be comfortable speaking in english every day.

     

    Key partner groups I spoke with in Russia include:

    The Internet Initiatives Development Fund

    “IIDF stands for Internet Initiatives Development Fund. According to Dow Jones, we are the most active early-stage venture fund in Russia and Europe. We have $100M (6bn RUB) under management. Since 2013 IIDF has closed more than 370 deals ranging from $20k to $5.5M. Our investment activity accounts for more than 100 IT startup deals each year, which is 80% of Russian early-stage venture capital market.”

     

    Kazan IT Park Business Incubator

    “The main objective of the business incubator is to help promising startups in the sphere of information technologies to develop ideas and products, getting investment, searching for potential partners and clients.”

     

     

    The Saint Petersburg State University of Information Technologies, Mechanics and Optics

    “The Saint Petersburg State University of Information Technologies, Mechanics and Optics (ITMO University) is one of the leading higher education institutions in Russia, providing training and research in advanced science, humanities, engineering and technology. Founded in 1900, ITMO has grown to an organization with over 13,000 students and earned its name “National Research University,” blending the culture of innovation and discovery with world-class education.”

     

    More Ideas Sochi

    “Autonomous non-profit organization “The Sea of ??Ideas” in the city of Sochi is engaged in the formation of an innovative ecosystem “Sochi Innovation Valley”. We know that in Russia there are promising start-ups, and we believe that Sochi is the best place in our country, where the founders of start-ups can live in a comfortable environment. Potential investors are often in Sochi, and many have or are planning to acquire real estate or business here. The best world experts are happy to travel to Sochi to share their experience with innovative entrepreneurs.” (Translated from Russian by Google Translate)

     

    Kazan OIC Youth Entrepreneurship Forum

    “The Kazan OIC Youth Entrepreneurship Forum is a joint initiative of the OIC Youth Forum and the government of the Republic of Tatarstan. Since 2014, the Forum has been held annually, attracting hundreds of startups, investors and industry experts from the OIC states and the Russian Federation.

    Speakers will discuss the various aspects of building and scaling a startup. The speakers are drawn from a broad range of the startup ecosystem including startup founders, venture capitalists, C-class executives from top tech firms in Russia and across the globe. Some of the topics to be covered include design thinking, building and scaling teams, customer development, project unit economics amongst others.”

     

  • Boomtown Partners with Comcast NBCUniversal to Launch The Farm Startup Accelerator in Atlanta

    Boomtown Partners with Comcast NBCUniversal to Launch The Farm Startup Accelerator in Atlanta

    I’m proud to share the news that Boomtown, where I work as Dealflow and Investment Manager, has partnered with Comcast NBCUniversal to launch The Farm Startup Accelerator in Atlanta, the latest initiative as part of LIFT Labs for Entrepreneurs.

    Our official press release:

    COMCAST NBCUNIVERSAL ANNOUNCES LAUNCH OF STARTUP ACCELERATOR “THE FARM”

    Located in The Battery adjacent to SunTrust Park, The Farm will deliver support programs for entrepreneurs built around a tech startup accelerator managed by Boomtown

    ATLANTA — March 23, 2017 — Comcast NBCUniversal announced The Farm Startup Accelerator today, the latest initiative as part of LIFT Labs for Entrepreneurs, a multi-city entrepreneurial support program announced earlier this month. Based in Atlanta, The Farm will offer a variety of programs to support and nurture select startups, including a 12-week accelerator directed by Boulder, Colo.,-based Boomtown.

    The Farm Startup Accelerator will open applications for its first class later this summer, and the inaugural program will launch in early 2018. The Farm will focus on mobility, connectivity and communications companies while also actively considering other businesses that can benefit from the Comcast NBCUniversal/Boomtown partnership. More information and applications can be found at www.TheFarmATL.com.

    Comcast NBCUniversal tapped Boomtown to develop and manage The Farm because of the accelerator’s unique structure and approach. Boomtown constantly evolves its curriculum based on feedback from participating founders and mentors, and provides a complete business and management curriculum. Boomtown’s goal is not simply to provide the shortest distance between an idea and funding, but to support entrepreneurs in building great companies.

    “We are excited to launch a program that will add to Atlanta’s and Georgia’s reputation for attracting and supporting tech innovation and creating a world-class startup environment,” said Bill Connors, president of Comcast’s Central Division.  “In the spirit of Ralph Roberts, an entrepreneur who founded Comcast as a small startup and shaped it into a global media and technology leader, The Farm will focus on the health and long-term success of the companies and the entrepreneurs who participate in the program.”

    The Farm will be located inside the new Comcast Central Division headquarters building that is under construction at The Battery Atlanta, a 60-acre development that will include SunTrust Park, the new home for the Atlanta Braves, as well as retail shops, restaurants, an office tower, hotel, entertainment venue, and residential units. Comcast is providing video, data, Wi-Fi and voice technology throughout the entire community, powered by the highest capacity network ever built for such a complex.

    “We could not ask for a better partner than Comcast NBCUniversal, and we could not have found a better home than metro Atlanta,” said Boomtown Executive Director Toby Krout. “This entire region has amazing entrepreneurs, a supportive and visionary community and government infrastructure, and a number of great support programs already in place. It is our goal to augment and complement this rich and diverse technology and startup community.”

    This will be Boomtown’s first accelerator outside of Boulder. The Farm will welcome qualified startups from around the globe to participate in its programs, and will emphasize diversity among company founders. Since 2014, Boomtown has invested in more than 70 companies,
    72 percent of which are now generating revenue. Many of these companies benefited from Boomtown’s first collaboration with Comcast — Comcast Labs sponsored the Connectivity Lab in Boomtown’s Boulder location, one of the world’s first Internet of Things (IoT) labs focused on developing, integrating and deploying products that change how people are entertained and informed.

    The Farm is part of Comcast NBCUniversal’s LIFT Labs for Entrepreneurs program, which stands for “Leveraging Innovation For Tomorrow,” and builds on the spirit of entrepreneurship created by Comcast’s founder, Ralph Roberts. The flagship location, announced earlier this month, will be called LIFT Labs PHL and will be located in the new Comcast Technology Center in Philadelphia when it opens in early 2018.

    Teams interested in joining The Farm’s first cohort can begin the application process later this year at www.TheFarmATL.com. For more information on LIFT Labs for Entrepreneurs and Comcast NBCUniversal’s entrepreneurial programs, visit www.ComcastNBCULIFT.com.

    About Comcast Corporation

    Comcast Corporation (Nasdaq: CMCSA) is a global media and technology company with two primary businesses, Comcast Cable and NBCUniversal. Comcast Cable is one of the nation’s largest video, high- speed internet and phone providers to residential customers under the XFINITY brand and also provides these services to businesses. NBCUniversal operates news, entertainment and sports cable networks, the NBC and Telemundo broadcast networks, television production operations, television station groups, Universal Pictures and Universal Parks and Resorts. Visit www.comcastcorporation.com for more information.

    About Boomtown
    Based in Boulder, Colo., Boomtown aims to discover and support promising Healthtech, Internet, mobile, software and Internet of Things (IoT) startups. Boomtown’s goal is not simply to provide the shortest distance between an idea and funding, but instead to support entrepreneurs in building great companies. Currently in its eighth tech and third Healthtech classes, Boomtown has invested in more than 70 companies since its founding in 2014. Of those, 83 percent are in operation and 72 percent are generating revenue. For more information, visit http://www.boomtownaccelerator.com.

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    BizWest – Boomtown accelerator opens first location outside Colorado