Cool announcement about my startup

LTLHOMER said:
If a company ended up going public (very rare these days), they probably would have had to raise money a few times along the way to scale up which would dilute that 6-10% down to something quite a bit smaller.
Click to expand...

The number of public companies has declined 37% since 1997. The number of IPOs has dropped from 311 annually before 2000 to 99 in the past decade.
 
Quick update:
1. Got 3rd in a competition that U of M sponsored us for in Colorado and took home $3500. Got another one on Friday where 3 teams are competing for $10k.
2. Found a real home for operations in metro Detroit (signing lease on Monday).
3. Just completed (today) a professional photoshoot of the bike for our revamped website that will launch next week.
4. Won the Disruptive Investor month of October online competition.

Onwards and upwards!
 
Cool article about us as we finish our time here at the Betaspring accelerator.

http://www.boston.com/business/technology/innoeco/2012/11/looking_ahead_to_tomorrows_bet.html

Boston.com article said:
Looking ahead to tomorrow's Betaspring Launch Day, when 13 startups will strut their stuff

Seeing startups present at the conclusion of accelerator programs and trying to divine their potential is a bit like meeting a toddler and trying to figure out what kind of grades she'll get in college. It's just really early, and all of the fledgling startups seem so fresh-faced, energetic, and full of potential.
That's what was on my mind on Monday evening, when I got an early look at the thirteen companies that will present in Providence tomorrow as part of Betaspring's fall "Launch Day." (A group of investors saw the company's present Tuesday morning.)

Betaspring essentially doubled in size this year, by accepting a spring and fall cohort of entrepreneurs. Here's what the fall group is up to. I've starred the ones I think are most likely to succeed, and offered an explanation in bold as to why. Just my opinion — and I hope a few of the non-starred ones keep me humble by proving me totally wrong. (In the photo above is Kirsten Lambertsen of Kuratur, which collects social media posts and transforms them into nicely-designed "web magazines.")

★ AutoBike. Designing and marketing a bike that shifts gears automatically, based on road conditions. "The continuously-variable rear hub has an unlimited number of gear ratios, so you can always find that perfect gear," says co-founder Sean Simpson. The computer that decides when to shift is powered by the bike's movement. AutoBike is targeting consumers who don't bike much today, and plans to initially market the AutoBike in housing communities for active seniors. Pricing will start around $1000. A former executive of Giant Bicycles has signed on as an advisor. AutoBike has already raised $250,000, and is hoping to raise an additional $500,000.

Why It's High-Potential: No manufacturer yet owns the category of bikes with automatic transmissions, and there's a nice opportunity to sell them through channels other than bike shops, which tend to cater to people who are already serious cyclists. (At right, Simpson and Kevin Smith of AutoBike.)
Click to expand...
 
Sweet that the writer of that has you starred. Was marketing to senior housing communities something that you came to through the compeitions and their judges and advisors or an idea you guys had? Seems like a good idea either way.

Side note on the other company mentioned in the intro, we actually landed in one of those social media collection web magazines for our Power Tour shennanigans. It was some sort of wedding web magazine. Don't know if it was somehow involved with that start up or not.
 
4 cam tbird said:
Sweet that the writer of that has you starred. Was marketing to senior housing communities something that you came to through the compeitions and their judges and advisors or an idea you guys had? Seems like a good idea either way.

Side note on the other company mentioned in the intro, we actually landed in one of those social media collection web magazines for our Power Tour shennanigans. It was some sort of wedding web magazine. Don't know if it was somehow involved with that start up or not.
Click to expand...
It's something we were kicking around prior to the Betaspring accelerator but we had too many different ideas without any real focus or proven tactics to execute on them. We met with a lot of people with extensive marketing experience who helped us narrow down the list and try to develop a strategy with trackable metrics so we knew what success was and knew when we should abandon a strategy in lieu of something else if it wasn't working. He picked one of them to write about but we have half a dozen that we'll test and then decide which 2 or 3 we should focus the majority of our time on.

I'm not sure if there's more than one of the social media magazine deals but Kuratur is pretty darn cool and their CEO is an experienced entrepreneur with a previous exit so I think they will end up doing well.
 
Thur 5:30 PM: Launch new website with pre-order functionality
Thur 6:00 PM: Betaspring launch event
Thur 8:00 PM: Betaspring launch after-party
Fri 3:00 AM: Get back to apartment
Fri 4:00 AM: Finish packing bikes up and then head to airport
Fri 5:30 AM: Fly back to Detroit
Fri 12:00 PM: Dry-run for pitch competition
Fri 3:00 PM: Pitch
Fri 4:00 PM:

8172072279_f87a99626b.jpg
 
That's former UMich championship team LB and 10 year NFL veteran Dhani Jones by the way. Awesome guy! And he loves biking!
 
You must log in or register to reply here.

Similar threads

wrath
Used vehicle and discretionary vehicle pricing
Replies
3
Views
2K
WhiteHawk
WhiteHawk
WhiteHawk
$20 Window Air Conditioner
Replies
3
Views
73
WhiteHawk
WhiteHawk
WhiteHawk
Jacobean Side Cabinet - $20
Replies
1
Views
131
WhiteHawk
WhiteHawk
dline
no more 1/2 ton hemi ram
Replies
2
Views
1K
dline
dline
C
Official Woodward Dream Cruise Parking Saturday August 17th, 2024
Replies
8
Views
12K
DRAG-ULA
DRAG-ULA
Back
Top