Tech Stocks looks at three companies new to the series this week: Flipboard, Pandora, and Angie’s List. Click on the full article link to read the rest of this week’s posts. >>>
By guest authors Irina Patterson and Candice Arnold
Irina: Where do your revenues come from?
Bruce: First of all, we get grants from the university and other folks. We also charge fees to our clients. It’s on a sliding scale. In our first phase, startups pay a modest fee.
It increases in Mentored Launch, and then when they come into residence, they pay more fees. If they want to stay on longer beyond that, then they would move to regular lease rates. We generate revenue from our client fees, but that’s probably only about a third of our total budget. >>>
Sramana: How long did your Series A funding last?
Ryan Allis: We ran on that money for three years. Last August, we closed a $40 million round of funding. My philosophy on venture capital is to never raise more than one time your annual revenue. >>>
I am thrilled to announce that 1M/1M premium company OrangeScape has been recognized as a “Top 50 Startup” by the 2011 TiE50 Awards Program recognizing 50 most promising startups worldwide. OrangeScape was one of more than 1,600 technology startups that was nominated. Awards are given in the presence of more than 3,000 attendees at TiEcon 2011 to be held May 13 and 14. TiEcon (www.tiecon.org) is the world’s largest conference for technology entrepreneurs and is held each year in the Silicon Valley.
Click on the full article link to read the rest of this week’s posts. >>>
By guest authors Irina Patterson and Candice Arnold
Troy: We have a rigorous curriculum. We make a huge degree of use of the mentors. We do have some other services around, for example, as I mentioned, pro bono legal for their business conversion [to the right corporate structure]. >>>
By guest authors Irina Patterson and Candice Arnold
Troy: The ecosystem is ripe for high-tech startups in Chicago. We have great universities. There are more Fortune 500 companies based here in Chicago than in any other metropolitan area, so – on the B2B side – we have the businesses to sell to. >>>
Readers, I am exploring the idea of pulling together an affiliate program for 1M/1M, which is a relatively high-end and high priced solution ($1,000 annual membership fee), and we can offer a solid monetization model to the affiliates (say, 10% affiliate fee with a 9- to 12-month cookie duration).
Any thoughts from entrepreneurship and tech bloggers on whether this would be interesting to you? Conceivably, even if you have 10,000 readers, the monetization could be interesting.
I would appreciate any feedback you offer, as this is a serious strategy question that our team is contemplating. Thanks.
Click on the full article link to read the rest of this week’s posts. >>>
By guest authors Irina Patterson and Vandana Upadhyay
Irina: How many of these companies are technology businesses? Is there any industry preference?
Linda: Almost all are technology businesses. A lot of it is mobile and Internet but there are business services as well. Among the ones that won last year, one is a business service software, a simpler version of Salesforce.com, and it is really getting some interesting traction. Another is Watermelon Express, which is a real-time integration across the Internet, cell phones, and texts for test preparation like the SAT or GMAT. It has gotten awards and attention from a lot education technology companies. >>>