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August 25, 2014 By

ABQid Entrepreneurial Office Hours

Get Ready, Gary O is back, along with a number of great service providers to answer questions about business, this Wednesday from 3 to 5pm. Special thanks to CliftonLarsonAllen for their support of this great resource.

Entrepreneur Office Hours this Wednesday, August 27th! More experts, more entrepreneurs! Join us and ask the questions you need answered to stop being a “wantrapreneur” and get on that horse and ride like an entrepreneur! Starts at 3pm and runs to 5pm at ABQid, located in the Verge Fund Building. — at 317 Commercial NE Albuquerque, NM 87102.

Filed Under: Accelerator, Entrepreneurship, Leadership, Raising Capital, Startup Community

August 24, 2014 By

RMVCA: PITCH UNPLUGGED ALBUQUERQUE

Rocky Mountain Venture Capital Association:
PITCH UNPLUGGED ALBUQUERQUE
Get a front row seat to learn about innovative companies from across New Mexico through creative and fast-paced ‘Shark Tank’ style presentations. Listen in as a group of visiting VCs provides candid feedback to the CEOs. The evening also includes ample networking time to maximize opportunities to visit with seasoned venture capitalists, angel investors, entrepreneurs and key service providers.

VC Firms include:
Access Venture Partners
Boulder Ventures
Grayhawk Capital
Irongate Capital
Liberty Global
Mercator Partners
Point B Capital
Signal Peak Ventures
Tango/High Country Ventures
TechStars

August 28, 2014
5:30PM – 7:30PM
Where: Marble Brewery
111 Marble Avenue NW
Albuquerque, NM

The event is free, but you must register:
http://www.regonline.com/pitchunpluggedaugust2014

Filed Under: Accelerator, Raising Capital, RMVCA, Startup Community Tagged With: ABQid, Accelerator, Albuquerque, Business Model Canvas, Entrepreneurship, Female Entrepreneurship, Investors, Lean Startup, Techstars, vc exit

August 6, 2014 By

ABQid Announces Accelerator Teams for 2014

ABQid 2014 Accelerator Teams
ABQid, Inc., is proud to announce the 2014 ABQid Accelerator Class of 2014. The teams selected to the program are guided by outstanding entrepreneurs, ready to take on the rigorous challenge of searching for a scalable business model. The concepts represented below are a starting point for what will undoubtedly shift during the course of the accelerator program as teams discover the path to highly and rapidly scalable markets.
o AttachedApps delivers cloud-based contact and sales management software designed especially for the millions of small and medium-sized businesses that want a simple and efficient way to manage, retain and grow their customers. Our apps are easy to install, use and own — and they work from your mobile, tablet or desktop computer. If your organization needs a better way to work, find us at www.attachedapps.com.
o Blackfish, Inc., has created an innovative app distribution platform which addresses the primary issue with apps – discoverability. Our patent pending technology lets mobile apps be found among the millions of apps out there, and therefore makes apps more profitable, which is the bottom line in this multi-billion dollar, fastest-growing sector of software.
o InnoBright presents a disruptive, animation rendering accelerator plug-in that improves rendering speed and removes the noise from existing, commercial Monte Carlo method based rendering software packages to produce photorealistic images in a short time. InnoBright’s plug-in improves rendering time by more than 90%, a huge cost reduction and efficiency improvement for animation studios. Customer benefits include faster rendering, higher availability of rendering farm resources, CPU & GPU support, seamless integration into existing workflow.
o itsums collects images for your latest project and organizes them into a simple sum to save you time and money. Americans spend over a trillion dollars annually on parties, weddings, holiday shopping, travel and home projects and they use pictures and images for inspiration and ideas. itsums brings that special event or home project to life while organizing your budget into one sum.
o NuAira is a ultra-pneumatics company concentrating on mobility solutions for personal, public and military transportation. We are dedicated to bringing low cost renewable energy based mobility to developing countries.
o Nuvos is a universal software development kit (SDK) that allows developers to avoid the pain of having to re-write their applications to support different types of devices. Nuvos will be working with ABQid to open-source key parts of this technology, enabling the exact same code to work seamlessly on billions of smart phones, tablets, laptops, and embedded devices.
o Peptineo offers a fully-enabled nano-based therapeutic delivery platform, with key opportunities in antibiotics and vaccines, that is backed by over $US 10 million in R & D. We will make and we will sell re-formulated therapeutics that take advantage of our delivery platform, which unlike many of our competitors, is based on a material that is generally regarded as safe (GRAS).
o PiFi is a hardware and software cloud platform that makes it easy for parents to manage when, and for how long, their children use the Internet. Children receive academic reinforcement, and parents get the peace of mind that their children are not spending too much time on the Internet. We believe in simplicity.
o Plug.Solar designs, manufactures and distributes the SunPort plug and play solar access point, which delivers solar energy to any electrical outlet, allowing anyone to get solar as a service. The SunPort is a portable, fun, and easy to use smart grid device which affordably provides solar energy through the power grid, simply by plugging in. It uses patent-pending MatchBox technology, which tracks energy consumption and automatically matches it to third party certified solar energy from remotely located grid-tied panels.
o SportXast is a smartphone app that makes it easy to capture goals and touchdowns, to find the best plays of the game and to share amazing plays with friends and family. Its instant replay button helps fans catch incredible highlights. @SportXast, www.facebook.com/SportXast
o ToroFish attracts more students to careers in science, technology, engineering and mathematics (STEM) by using rewards as incentives. The Company is launching a rewards program that provides points to students in grades Kindergarten through 12 for their involvement in STEM activities both in and out of school. The points may be converted into gift cards that students can use to buy food, clothes, music, or other things.
o Undisclosed Company. A company that has chosen to remain unnamed.

Photos “borrowed” optimistically and with fondness from the Albuquerque Business First.

Filed Under: Accelerator, Leadership, Raising Capital, Startup Community Tagged With: Accelerator, Albuquerque, Bootcamp, Entrepreneurship, Female Entrepreneurship, GAN, Investors, Lean Startup, Startup, Steve Blank

July 25, 2014 By

ABQid Accelerator – Team Announcement Party!

FOR IMMEDIATE RELEASE

Friday July 25, Albuquerque, New Mexico, ABQid, Inc., (www.ABQid.com), an accelerator for high-growth and technology startups in Albuquerque, NM will host a team announcement event on August 5th, at 5:30pm at the ABQid Accelerator space in downtown Albuquerque.

The teams for the 2014 ABQid Accelerator class will be announced at a program that evening, kicking-off the orientation week for the accelerator.

Teams accepted into the program will receive $20,000 in initial financing in exchange for 6% equity in their company. They also receive office resources in the ABQid Accelerator facility, as well as access to a diverse mentor network of entrepreneurs, mentors, coaches, technologists, product builders and investors. ABQid offers startups accepted into the program amazing resources, amounting to nearly $100,000 in free perks from over 15 of the best vendors in the world, including Microsoft, Softlayer, Rackspace, PayPal and more.

“We have an outstanding cohort and are very please to announce the teams for the 2014 ABQid Accelerator” says Bill Bice, Board President of ABQid. “We’re exceptionally pleased with our outstanding array of volunteer mentors, as well.”

For more information on ABQid, Inc. and the Accelerator program, please visit www.ABQid.com. Or RSVP for the event, here.

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Filed Under: Accelerator, Leadership, Raising Capital, Startup Community Tagged With: ABQid, Accelerator, Albuquerque, Business Model Canvas, Entrepreneurship, GAN, Lean Startup, Startup

April 10, 2014 By

Smart Money

by Jeff Pfohl

One of the top reasons new companies fail is lack of sufficient funding.

Therefore, one of the constant themes in a new entrepreneurial venture is raising money.

It is very easy to simply accept any check/investment that comes in the door. After all landlords, electric companies, etc do not care where money comes from, they only care if the checks clear.

BUT as entrepreneurs should we accept any check from any source? That answer is no. Money is money, it all spends the same when we have bills to pay, but is there something else we can gain by picking and choosing? The answer is a resounding YES.

Expertise, contacts, and advice.

Finding smart money, not only money that can help keep the doors open, but that can also help our companies grow and thrive should be the ultimate goal. All entrepreneurial companies should ask:

1. if I have a question, can this investor help me?
2. if I need to make a new contact in my business space, does this investor have a Rolodex that opens up the doors I need?

If the answer is YES you have found “smart money”, someone who not only helps your company pay its bills, but also helps you solve problems and move forward quickly and smartly. They know your business space, have operated in it for years with success, have the necessary experience to help you avoid common mistakes, and have the necessary contacts to help your company move forward and eventually exit.

So if your company is a biotech company, look for investments from angels, and VCs, who have operated in biotech. If your company focuses on computer hardware, look for those investors who have had success (M&A, IPOs) in that space. Do not just take any money. Investors/VCs made their money, as a rule, in a very specific space, sometimes in a very specific company. They know all the ins and outs of that space, but most likely are not a “Jack of All Trades”. You want and need an investor who knows the common pitfalls of your industry and how to avoid them. You want and need an investor who can make the necessary contacts and open the doors you need on a moment’s notice. Expertise and contacts are infinitely more valuable than “simple money” which only pays the bills, but doesn’t provide your company the resources to grow and thrive.

Smart money is more than a check reflecting your balance sheet and valuation, it is everything your company needs to succeed.

Filed Under: Raising Capital, Startup Community Tagged With: Entrepreneurship, Funding, Investors, Smart Money, Startup, vc exit

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