Hello DEN Friends,
We hope you enjoy this Spring update featuring snippets of the entrepreneurial happenings on and off campus.
Let us know if you'd like to contribute to our next newsletter!
Happy Spring!
Dartmouth Entrepreneurial Network | Centerra Resource Park | 16 Cavendish Court | Lebanon, NH 03766
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They say an image is worth a 1,000 words . . .
Do you know what all these images have in common ?
Answer
These images are just a sampling of some of the DEN City events that took place during the past year. If you've missed these events, it's time to join in the fun, the networking, and idea sharing by joining a DEN City near you.
The soon to be 12 DEN City Chapters (DEN Silicon Hills near Austin is launching on June 27th as the 12th DEN City) foster relationships among their members. DEN City members educate each other about founding, operating, and financing entrepreneurial endeavors. But, entrepreneurship is an adjective, so it's not just about starting companies, it's about so much more... it's about a set of skills that can be used almost anywhere, anytime. So, if you'd like to . . . - increase your value in the workplace - meet entrepreneurial alums - find a mentor or be a mentor - find a partner - test out your idea - build your network - have some fun with classmates and other alums . . . then you need to take the first, easy step and get involved with a DEN City near you! Come on, be entrepreneurial! Learn more about the 12 DEN Cities here.
PS In case you haven't heard, 10 of the 12 DEN Cities competed in the quarter-final round of the Dartmouth Ventures Entrepreneurship contest held in Hanover on April 6th. Read more about the 2 DEN Cities that advanced to the quarter-final round and the DEN City team which advanced to the final round here. |
ATDynamics Rolling into its 6th year
Andrew Smith T'07, CEO & Founder, ATDynamics
Hello DEN Community, I'm John Grossmann D'73 and I'm writing to save you the temptation of Googling the word TrailerTail� while you're driving. There are now more than 12,000 of these eye-catching extensions attached to the rear of highway-traveling big rigs, so if you haven't seen one already, you're bound to soon. When you do, you'll have caught a glimpse of a green innovation with a Big Green cast to it. The fuel-saving device is the creation of a Dartmouth-born company called ATDynamics Inc., a seven-year-old, 50-employee company based in Hayward, California, that was founded by Andrew Smith T'07. Smith began the company while at Tuck. There, he benefitted from engineering input from Thayer students, including that of Jeff Grossmann D'06, TH'07, the company's first employee, currently VP of engineering - and, disclosure time, my son. Truth is, I would have been interested in ATDynamics even without the family tie (www.atdynamics.com), or the additional flashes of Dartmouth Green in the company ranks (Chuck Horrell D'00, TH'01 was the company's first engineering manager; Devin Lammers D'07, joined the company in the fall of 2010 as director of operations, and over the years, Smith has brought on a handful of Dartmouth interns.) This is precisely the kind of startup I like to write about for The New York Times and Inc.: an entrepreneurial small company that shrewdly partnered with some of the early inventors of rear drag aerodynamics and then built on their work to come up with a patent-protected product. A small company bent on big things, like trying to move a battleship of an industry and in so doing save its constituent companies significant dollars while also saving America millions of gallons of diesel fuel annually. Read the full article, including Q&A, here.
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Balkan Institute -
Dartmouth Entrepreneurial Network Exchange Program (BEN)
Five young outstanding Kosovar students studied entrepreneurship at Dartmouth Winter 2013
In January 2013, five Kosovars arrived on campus with one mission from their Minister of Trade and Industry: learn about entrepreneurship and take it back to the people of their country. With the leadership of Professor Gregg Fairbrothers D'76, Bill Nisen D'73, Bill Weschler D'78, and Catalina Gorla
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Kosovars with Dartmouth President-elect Philip Hanlon
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D'09, these students were immersed in a "curriculum" that included classes, projects, meetings with entrepreneurs, visits to incubators, presentations to investors, NH government officials, and DRTC board members. But instead of listing all their activity and accomplishments, we'd rather you'd hear about their experience in their own words:
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Kosovars left to right: Flaka Pasha, Dardan Lajqi, Hana Hoxha, Abby Domi, and Ardi Ponosheci
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Flaka: "This program is worthwhile being sponsored, to spread it through Europe and mostly in Kosovo, since Europeans way of thinking and working is far away from entrepreneurial attitude. We're in a great need of getting people out of government and banking jobs and start being more innovative and using more our potential and brains." Read more. Dardan: "From the program at Dartmouth, I mostly enjoyed the kindness from people there, their willingness to help, the amazing classes and the people I meet throughout the program. People there were very nice and willing to help. They took care for us to have a good time there and in addition they helped me find clients and develop a marketing strategy for my Kosovo web and app development company. I also enjoyed a lot Gregg Fairbrothers's classes that were very interesting and unique and that taught me a lot about entrepreneurship." Read more. |
Kosovars with Ministry of Trade and Industry and Governor Maggie Hassan
| Hana: "Firstly, I felt very lucky to be part of Dartmouth-one of top universities in the world. Working with people there, their experiences, and the way they supported me made me see the world differently. I'm a construction engineer and initially I thought it doesn't have anything to do with entrepreneurship. Now I know exactly how to think like a young entrepreneur and how to get rid of the risks. As I came back to Kosovo from US, the first thing (after fixing my sleep schedule) I thought was: "Here there are a lot of things I can do." Read more. Abby: "Having the chance to be a part of a great and top College such as |
Kosovars at Winter Carnival
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Dartmouth College, and particularly to attend the class of Entrepreneurship at Tuck School of Business taught by professor Gregg Fairbrothers, was a dream that became true. Hanover was one of the best journeys of my life. My time there was precious and every minute was worthwhile living and learning there!" Read more. Ardi: "DEN and BI program offered me a great deal of help. I liked the fact that we had to meet with very successful alumni and learn business lessons through one-on-one meetings. This program taught me that money is the last thing we have to worry when trying to open a new venture and that in order to get an idea into reality we must focus mostly on people and commitment to objectives." Read more. |
Upstart
sees great traction in first year!
Upstart is an online platform that allows recent college or graduate schools grads to raise funds in exchange for a small portion of their future income. Funds are provided by backers on the site who choose which individuals they want to invest in (you can sign up at www.upstart.com)
You can think of Upstart as "pre-seed" funding, that enables individuals to invest in themselves and build rewarding careers. Most upstarts use the funds to expand their career choices - by paying off student debt to be able to pursue a startup or investing in learning new skills or gaining experience.
Upstart believes that better access to capital on fair terms is a universal good and the market seems to agree - in the few short months since launching their platform, Upstart has seen impressive traction:
- 90 upstarts have posted profiles for funding
- 144 backers have backed upstarts
- 592 unique funding offers have been made
- $1,066,440 has been invested through the platform
| Nathan Sharp T'12 Funded Upstart |
"Upstart allowed me to jump start the launch of my company. I've since assembled a full team, raised seed funding from my top choice of investors, and built the foundation for a product that will improve the way people buy and sell online."
New Investors and advisor
Upstart was also able to raise both a seed round and a series A round of financing totaling $7.65M from an impressive group of investors, including First Round Capital, Khosla Ventures, Founders Fund, Google Ventures, Kleiner Perkins Caufield & Byers, Collaborative Fund, Correlation Ventures, and CrunchFund. Individual investors include Eric Schmidt, Marc Benioff, Mark Cuban, Scott Banister, Joe Liedmandt and Andy Palmer T'94.
Upstart also has two new advisors:
- Bob Kerrey. Former Governor of Nebraska, US Senator, President of The New School and US Navy Seal. Currently Executive Chairman of the Minerva Institute.
- Jessica Jackley. Co-Founder and Chief Marketing Officer of Kiva, Co-Founder and CEO of ProFounder. Currently Venture Partner at Collaborative Fund.
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Three recently published articles, in case you missed any of them the first time. 1 Chris Lien D'88 CEO & Co-Founder
Marin Software IPO Jumps 37% in
Tech Firm's Debut
Excerpt below from WSJ article dated 3-22-13 by Chris Dieterich and Alexandra Scaggs
Shares of ad-tracking company Marin Software Inc. (MRIN) got out of the gate with a fast start, the second business-software company this week to bounce higher in early trading during its public debut.
The company sold 7.5 million shares, above the seven million shares originally targeted and at a richer price than the $11-to-$13 range initially outlined in documents filed with the Securities and Exchange Commission. The company raised $105 million.
Marin, of San Francisco, runs a subscription-based advertising-manage ment platform that allows online marketers to track the performance of ads. Rather than overseeing a campaign by monitoring ad performance on multiple platforms such as Facebook Inc. (FB), Google Inc. (GOOG) and Baidu Inc. (BIDU), Marin's software allows marketers to track ad performance in one place. Read full WSJ article > Read Pulse 2.0 article >
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Governor Maggie Hassan Kicks off Dartmouth Ventures 2013
Saturday, April 6th at Tuck
The Dartmouth Ventures 2013 Conference and Contest took place on campus last weekend (Saturday, April 6th). NH Governor Maggie Hassan helped kicked off the day along, with Dartmouth President Carol Folt. At 8:30 am Cook was packed and everyone was ready for an entrepreneurial day.
A lively keynote interview followed opening remarks with Diana Taylor D'77 and Bill Helman D'80. The keynote interview focused on issues of success and social value, posing the question, "How does a company or idea create social value, no matter if it's for-profit or non-profit?"
DV included a startup showcase of more than 25 teams who manned their tables across the conference floor throughout most of the day. Additionally, there were 9 panels in 3 classrooms, 4 workshops, a fireside chat on mentorship, tons of networking, and a $50K e-ship contest. View the full conference schedule here.
After receiving close to 100 contest applications, the final round took place on Saturday, April 6th between 3 exciting teams (DEN City team, undergrad team, and a Tuck team).
Read about each of the 12 semi-finalist teams here.
Read the full, original DV 2013 article here.
Financing 101 Session Participants were engaged Now Trending Session
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America Invents Act
by Bill Loginov D'85 | Read the full article for key points to help you survive the savage jungle of US patent reform. |
Many months ago, I began to write an article about the Leahy-Smith America Invents Act (AIA), which significantly "reforms" the U.S.
patent system. The act was signed into law on September 16, 2011. It promised to be the most sweeping reform to the U.S. patent system in over half a century in how it would reshape the way innovative companies and individuals seek protection for their inventive concepts.
Those many months ago, I quickly realized that my voice as a legal scholar would be no louder than that of my esteemed colleagues who were eager to opine on the Act's new rules and provisions, and what they might do to transform the U.S. patent system-as well as transforming the behaviors of those who participate in it. So, I waited and watched as the provisions of the act slowly took effect in a series of transition periods provided-for in the Act.
Read full, original article here.
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Spring 2013
Headlines
Do you know what you may be missing?
- ATDynamics
Rolling into their 6th year!
- UpstartCelebrates their first year of supporting entrepreneurs
- Kosovo Exchange Program Learning about entrepreneurship at Dartmouth and taking it back to the people of Kosovo.
- Rewind
In case you missed it . . . Dartmouth Startup IPOs
Marin Software Chris Lien D'88 CEO & Co-founder Dartmouth Ventures 2013
$50K contest winners Sessions and workshops Governor Hassan Engaged alums America Invents Act
by Bill Loginov D'85
Help to survive the savage jungle of U.S. patent reform
Collaboration is key
to Innovation
by
Sarah Miller Caldicott T'84
Midnight Lunch is a book about collaboration, and about contemporizing the prolific Thomas Edison's belief that collaboration is key to innovation. The title itself refers to the late night gatherings of team members at Edison's famous lab in Menlo Park, New Jersey-collaborative sessions that spawned inventions and innovations that every schoolchild in America grows up learning about.
Read full article >
Sheila Maithel D'07 Founder
Whenever an idea
strikes you, Brillist helps you gather a team around it to actually make it happen. So, if you're looking
to build a team or looking to join a project, Brillist can help!
Quick Links
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ASK MIKE |
How can I kill useless reports? Does motivation matter? Can I fire a disruptive director? Read Ask Mike >
DEN Chicago
New tech hub opens in DEN-Chicago's backyard - read about the DEN Chicago event held there! Click here >
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Online Learning
Intro to E-Ship Course Winter 2013 Now showing in the DEN/Tuck video library Read more >
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TurningArt
Founded by
Jason Gracilieri D'99, TH'00
Need a cool gift idea? Memberships have become a popular gift among TurningArt customers.
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People
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Andy Palmer T'94
is founder of Koa Lab and
a serial entrepreneur who specializes in accelerating the foundation and growth of early-stage, mission-driven companies. He has helped start, fund or found more than 25 innovative companies in technology, health care and the life sciences. Most recently Andy founded Koa Labs, a startup club in the heart of Harvard Square in Cambridge.
Q & A
with a Dartmouth Founder
Why did you bootstrap?
What was your Southwest?
Do you have words of advice about starting a company while earning your MBA?
Read full Q & A here.
What makes a good founder?
(Hint: it's in the details)
Read the Forbes blog here.
People
Mark Ranalli T'92
is President, Digital Solutions Group, RR Donnelley Inc.
Ranalli is an experienced entrepreneur and business leader with a successful track record of building content and communications based businesses.
Ranalli became a part of RR Donnelley after selling his previous company, Helium Inc. to RRD in June, 2011.
DV 2013
SPONSORSBorealis Ventures
Louis Crosier D'87, T'97
Global Rescue
Loginov & Associates
Morgan Lewis
Rockefeller Center/Dartmouth
Wily Initiatives/Dartmouth
Thayer School of Engineering
Michael Gonnerman D'65 Read about DV 2013 here.
is a longtime freelance contributor on subjects as varied as implied by the list of publications he's written for: The Art of Eating, Audubon, Cigar Aficionado, Esquire, Golf, Gourmet, Health, Inc., Men's Journal, National Parks, The New York Times, Plate, Psychology Today, Saveur, Smithsonian, Sports Illustrated, and Yoga Journal. Read John's article on ATDynamics, a Dartmouth startup, here. DV 2013
12 Semi-finalists
B.B.R. Medical Innovations Baijiu CineTail DiagnoseMe FreshAir InstantInsight Monkey in the Middle Pymetrics Samsara Shortsource Sighten Timely Read about each company and see who took home best in show here.
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