Wednesday, May 28, 2014

Startup Check is Being Bought by Intuit

Check is a startup that was founded in 2008, which developed a bill paying and bill management app. The company, which is based in Palo Alto, processes $500 million in payments each year, from 10 million users.

Intuit, the company that makes TurboTax and Quicken, has agreed to buy Check for about $360 million. Intuit is expanding into web and app based services by acquiring such companies as Lettuce and Mint.

Intuit, which trades on NASDAQ, was founded in 1983.

Wednesday, May 21, 2014

The Startup Trivia Test

Do you think you know everything about startups? See how well you do on the following questions. Some are easy, some are not so easy.

1. The JOBS Act allows general solicitation of investments for startups.
 a. True
 b. False

2. According to the 1960 McGregor Study, rewards and punishments in the workplace are not necessary to motivate workers.
 a. True
 b. False

3. Google and Amazon allow you to bring your dog to work.
 a. True
 b. False

4. Which round of investing comes first?
 a. Seed
 b. Series A
 c. Series B
 d. IPO

5. CrowdCube and Seedrs are examples of
 a. crowdfunding platforms
 b. IPOs
 c. law firms
 d. accounting firms

6.  Who created Crowdfunding As a Service?
 a. FundRazr
 b. Crowdfunding Inc.
 c. Kickstarter
 d. Indigogo

The answers to all the questions are the first answer in each list.

Sunday, May 18, 2014

Top Startup Related Quotes

“Always look for the fool in the deal. If you don’t find one, it’s you.” - Mark Cuban

“Make every detail perfect and limit the number of details to perfect.” - Jack Dorsey, Twitter

“But you are the average of the five people you associate with most, so do not underestimate the effects of your pessimistic, unambitious, or disorganized friends. If someone isn't making you stronger, they're making you weaker.” - Timothy Ferriss, The 4-Hour Work Week 

“Get five or six of your smartest friends in a room and ask them to rate your idea.” - Mark Pincus, Zynga

“Timing, perseverance, and ten years of trying will eventually make you look like an overnight success.” - Biz Stone, Twitter

"Being the richest man in the cemetery doesn't matter to me. Going to bed at night saying we've done something wonderful... that's what matters to me." - Steve Jobs, Apple

“If you can’t feed a team with two pizzas, it’s too large.” - Jeff Bezos, Amazon

 “Don’t worry about failure; you only have to be right once.” - Drew Houston, Dropbox

 “We are currently not planning on conquering the world.” - Sergey Brin, Google

“Best startups generally come from somebody needing to scratch an itch.” - Michael Arrington, TechCrunch

“Ideas are easy. Implementation is hard.” - Guy Kawasaki, Apple

Friday, May 16, 2014

Invention by Emory University Student Got Shark Tank Deal

Kaeya Majmundar, a senior at Emory University, received a $50,000 investment from Lori Greiner on the Shark Tank TV show. The invention is called a BZbox, which is a packing box that you don't need to assemble, but can collapse.

Lori, the Queen of QVC, will get a 40% ownership of the company.

Kaeya came up with the idea when she had to pack up her stuff for her college break during the summer.

Upcoming Startup Conference in Maine

Whether you have never been to Maine or if you live in or close to Maine, you you should check out the Maine Startup & Create Week, from June 12 to June 20. This eight day long conference, held in Portland, Maine, will have over 30 events.

Topics that will be covered include:
  • Technology and Education
  • Innovation in Payment Technologies
  • Building Startup and Innovation Communities
  • Women in Entrepreneurship
  • Innovative Technology and Clean Energy
  • The Maker Movement and Prototyping Labs
  • Innovation, Technology and Sports
  • Emerging Funding Models for Startups and Entrepreneurs
  • Innovation and Sustainable Food Systems
  • Healthcare Informatics
  • Scaling Speciality Food Businesses
  • Pet Tech & Biotech
  • International Entrepreneurship
  • The Corporate Internet of Things
For more information, go to http://www.mainestartupandcreateweek.com/

Thursday, May 15, 2014

Startup Conference Held in Silicon Valley Yesterday

Yesterday, on May 14, the Startup Conference and Fair was held in Redwood City, California, at the Fox Theater. There were almost 2,000 entrepreneurs at the conference.