By guest authors Irina Patterson and Praveen Karoshi Ross: We set goals. We set a monthly goals for the number of phone calls that the entrepreneurs have to make, which then translates into a number of meetings they are able to set, and a number of proposals, and a number of contracts that they need
By guest authors Irina Patterson and Praveen Karoshi Ross: Dave Bing was in here [at Bizdom U]. He is now the mayor of Detroit, but he is a very successful businessman, founder of Bing Steel [and a retired professional basketball player]. He came in and he talked to our entrepreneurs.
By guest authors Irina Patterson and Praveen Karoshi Ross: Our selection is a rigorous process. We are trying to get the more serious people because we have invest a lot time and energy and resources into these folks, so we want to get in people who are really serious about it.
By guest authors Irina Patterson and Praveen Karoshi Ross: Our entrepreneurs get access to resources and funding for their business. We think it is a huge opportunity. They get a stipend, as I mentioned, for the four months, while in the program. We provide laptops and BlackBerries; really everything connected with to program, so they
By guest authors Irina Patterson and Praveen Karoshi Irina: How many companies have you incubated to date? Ross: Right now we have 11 companies that we are working with. There are a few more that we have launched. They have not recorded funding yet, but we have 11 that have gotten funding.
By guest authors Irina Patterson and Praveen Karoshi Irina: Could you describe an ideal company that would benefit from your program? Ross: Most people that we bring into our program do not have established businesses. They are people who are seeking out ideas. I can give you an example. There was a woman [Judy Davids]
By guest authors Irina Patterson and Praveen Karoshi Ross: [Since LLG is an online training platform for a pre-licensing exam for the insurance sales force], we can grow the company in Detroit, Michigan, but we can service the entire country and we don’t have to be in those different states in order to sell our
By guest authors Irina Patterson and Praveen Karoshi I am talking to Ross Sanders, executive director of Bizdom U, which is a not-for-profit business accelerator, that is in some ways similar to Y Combinator and yet different in others. The founder of Bizdom U is Dan Gilbert, a serial entrepreneur, chairman and founder of Quicken