Archive for ‘Startup Job’

November 10, 2010

Savewave

talentGraphzgrzrlogo Record: Savewave logo savewave

Funding Status: Series A

Founders Backgrounds: Upromise, Jingle Networks

Investors: Flybridge, First Round Capital, Founder Collective

Industry:  B2B, digital promotion, distribution, and rewards fulfillment company

Offering Description: SaveWave is building a platform to enable consumer packaged goods brands and retailers to promote their products and services to all consumers through fully digital promotion, distribution, and rewards fulfillment.  In addition to providing Upromise Grocery, a program through which over 12 million members can earn college savings rewards by purchasing participating products in over 27,500 supermarkets and drug stores nationwide, SaveWave is expanding its distribution reach through customized offer syndication with retailers, affinity rewards programs, and media channels.


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March 31, 2010

iSyndica

Genotropegrzrlogo Record: iSyndica isyndica logo

Funding Status:  Series A

Founders Backgrounds: VistaPrint

Investors:  Angels

Industry: Consumer web, content distribution

Offering Description: iSyndica is your one-stop-shop for selling your digital content on microstock sites & digital galleries. Simplify your workflow: Upload Once, Sell everywhere™


February 25, 2010

Startup Hiring Mistakes

I was reading QuickSprout one of my GOTO start-up blogs last night and this post really hit home. Are you Making These Mistakes?

Neil Patel asks 10 successful entrepreneurs who have all created companies that are worth at least 50 million dollars, what their biggest business mistake was.

Half of the ten named a hiring related issue as their biggest problem.

If you feel you need data points to emphasize the crucial importance of effective recruiting, look no further. Hiring is important for all companies, but for start-up companies it is the bedrock that will determine the success or failure of your endeavor. One mistake with a core team hire can throw the company into a death spiral from which it may not recover. The other take away from this advice is that once you identify a hiring mistake, you must correct it quickly or risk further damage.

“wrong hiring standards in certain parts of our company. We focused too much on specific skills, and too little on fundamental abilities, raw talent, and passion”

“The biggest mistakes are always bad hires.”

“My biggest mistake has been hiring the wrong people.”

“not taking fast corrective action in dealing with a bad hire.”

“The biggest mistake I’ve made have been with hiring the wrong people. I think if you add everything up, including the cost of bad decisions, additional bad hires made by the original bad hire, and missed opportunity costs, bad hires have cost Zappos over $100 million.”

Read the blog post to see who said what.

The best advice when building your team is to err on the side of caution. If you have any doubts about someone, don’t hire them. Wait for the right candidate to come along.

To do this effectively, you must be recruiting at all times and use a lot of sources (including recruiters). It costs you nothing to see candidates from recruiters and if the candidate presented by the recruiter is the “right” one and beats those provided by your other sources, hire them.  Too much emphasis is placed on cost per hire and you should be focused on quality of hire. Each good engineer is considered to be worth $ 1 Million in an acquisition (not even considering their output) so whatever it costs you to bring a great candidate on board is well worth it and is not significant over time.

February 23, 2010

Stamp Mobile

Genotropegrzrlogo Record:  Stamp Mobile stampmobilelogo

Funding Status: Seed

Founders Backgrounds: Urban Interactive, Blackstone Group

Investors: ?

Industry: Mobile Applications, Mobile Commerce

Offering Description: Stamp’s loyalty program is a different breed. Points, rewards, customer management tools — sure, we have that. But we also provide the spark to help you build real relationships with your customers.


January 7, 2010

Project Concord

project concord

Genotropegrzrlogo Record: Project Concord seems like a tempory name

Funding Status: Series A

Founders Backgrounds: Pixamo, Endeca

Investors: Alpond Capita *see comments

Industry: Video, Online Entertainment

Offering Description: convenient and legal access to top movies and TV shows – but without the unwanted commercials or the need to reach into your wallet.


December 23, 2009

Technology Companies to Watch in 2010

There are a couple of new companies started this year that are on our radar.

They have known founders and are embarking on a new venture in emerging markets. It should be interesting to watch as they lauch their products or services this year.

Akiba is based in Boston and the founders come from Nexaweb, Fundtech, Fortelligent and Bladelogic.

They are developing a database virtualization solution that enables effortless scalability of a database across nodes, both within the enterprise and in the cloud.

Nasuni is a Natick based company with founders hailing from Archivas and other executives from Leostream and BCG.

They will be providing enterprise-class features, while removing the existing obstacles to cloud storage adoption for companies of all sizes, with or without IT resources. We believe our offering will propel cloud storage into a segment of the market that is prime for the cloud, but not currently being served.

Performable is a virtual startup based in Cambridge. The founders come from Compete and Lookery.

Operating in stealth mode for now, the most they have said publicly is that Performable is a marketing platform for start-ups and online businesses. Without knowing exactly what they are doing,  a data point regarding the product’s viability was provided by Sean Ellis (Performable advisor) who said he could’t live without the product. That is enough to get our attention and is a good indication they are on to something.

Yottaa is another stealth mode startup based in Cambridge. The founders and executives are out of Nexaweb and Tazz Networks.

Their vague offering description says Yottaa is a cloud computing company building a new generation of cloud services revolutionizing what we know about the Internet. Ray Stata is involved with the company which is a fairly strong indication of strong underlying technology.

Of course this is a partial list of the cool technology companies coming out of the Boston area in 2009.  If there are any additions you would like to make, feel free to leave them in the comments.

November 25, 2009

Micronotes

Genotropegrzrlogo Record:  Micronotes

Funding Status:  Seed Round

Founders Backgrounds:  Okena (Cisco), Entegra, Akamai

Investors: ?

Industry:  Mobile, Consumer Finance, B2C Marketing

Offering Description: Micronotes interactive direct marketing system enables consumer brands to mass-produce face-to-face sales interviews to deliver highly relevant offers to a target audience driving sales at lower cost than existing platforms.


October 16, 2009

thredUP

Genotropegrzrlogo Record: thredUP

currently hiring

Funding Status:  Seed

Founders Backgrounds: Microsoft, Foley Hoag,

Investors: ?

Industry: Consumer Web

Offering Description: We did some real thinking and figured out this whole idea of more efficient exchange makes a lot of sense for two reasons. First, most people bore easily, clothes included; second, buying stylish new clothes on a regular basis is expensive. So we thought it would be cool if you could exchange the clothes that you were bored of (old to you) for new ones (new to you). Thats really it: out with old to you, in with new more…to you. Then we got all fancy with being a personal shopper and a refresh button and starting a closet revolution. No matter what we call it, its the same great experience.


September 18, 2009

Yotta

Genotropegrzrlogo Record: Yotta Currently Hiring

Funding Status: Seed

Investors: ? TBD

Industry: Storage Software, Cloud Computing

Offering Description: stealth mode storage offering. Experienced founder.


August 12, 2009

Akiba

Genotropegrzrlogo Record: Akiba Currently Hiring

Funding Status: Series A

Investors: North Bridge Venture Partners, Foundation Capital and angel investors.

Industry:  Software, Data Virtualization

Offering Description:  Data virtualization via patent-pending technology