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Tech Cocktail


Knight Foundation Awards Over $3.2 Million to Startups

Knight News Challenge

Today, the Knight Foundation announced over $3.2 million in funding for eight startups helping citizens interact better with the government. The funding is part of the Knight News Challenge on Open Gov, which launched in February. The goal is to improve public and journalist access to information, and help citizens strengthen their communities. Another Knight… Read more »


How to Handle A Lowball Investment Offer; Young Entrepreneurs Provide 8 Pointers

Lowball Investment Offer

The following answers are provided by the Young Entrepreneur Council (YEC), an invite-only organization comprised of the world’s most promising young entrepreneurs. In partnership with Citi, the YEC recently launched #StartupLab, a free virtual mentorship program that helps millions of entrepreneurs start and grow businesses via live video chats, an expert content library and email… Read more »



5 Ways to Get Investors Interested in Your Startup

5WaysToGetInvestorsInterestedInYourStartup

Entrepreneurs have a number of funding options available to them. From crowdsourcing to angel investors and venture capitalists, there are many organizations and individuals interested in backing startups. Businesses can avoid going into debt from high-interest business loans by securing funding through investors. As startups grow increasingly competitive, a new company must really set itself… Read more »



Startup Jackpot: Not Your Typical Pitch Competition

Startup Jackpot

This past weekend, a room full of people became investors at Startup Jackpot, a startup event raising seed money for other startups. Fifteen local DC startups went head to head for a cold hard cash prize of $10,000 at Canvas, a quirky coworking space nestled in the heart of Dupont. Rather than the usual panel… Read more »


The Upstart Model: Invest in the Entrepreneur, Not the Idea

InvestInTheEntrepreneur

True entrepreneurs don’t just have a business idea, execute it, and then move into a cushy corner office. They must continue to innovate and come up with new plans to disrupt a market. Investors need to start considering what they are backing — the idea or the individual. The entrepreneur worth investing in has passion… Read more »


5 Smart Ways to Get Seed Funding for Your Startup

SeedFunding

You are blessed with excellent entrepreneurial skills, but you need money to raise your startup to the next level. And getting your business funded by investors seems a challenge. Well, fret not: follow our guide and it will be much easier. 1.  Use your network Your network is your biggest and best asset to meet… Read more »


Hearst Ventures Backs Science Studio With $30 Million Fund

Funding News

Hearst Corporation’s venture arm, Hearst Ventures, is making a minority equity investment in Science Inc, the Santa Monica, California tech startup creation studio. According to All Things D the deal is close to $30 million for a stake above 20 percent. “Hearst is continually looking for smart investments that bring value and intelligence to the company… Read more »


Madison, Wisconsin Startup Lands $9 Million In Funding

Funding

Madison, Wisconsin-based education startup StudyBlue has raised $9 million in a first round. The round was led by Great Oaks Venture Capital with participation from the Wisconsin Alumni Research Foundation. The company, which has more than 2.5 million students using its free apps to create flashcards and quizzes, was founded three years ago by graduates of the… Read more »


NextGen Angels: Angel Group for Investors Under 40 Launches in DC

NextGenAngels

A new angel group for investors under 40 was unveiled in DC this week, with members including Paul Singh of 500 Startups, Peter Corbett of iStrategyLabs, and Sean Glass of Acceleprise. NextGen Angels aims to be “the most entrepreneur-friendly angel investors in the world.” While some firms string out the negotiation process, NextGen pledges to… Read more »


Sandbox Industries Tries to Lead Health Care Innovation

SandBoxIndustries

As startups try to tackle the health care industry, Blue Cross Blue Shield has been behind the scenes watching and learning. Blue Cross Blue Shield partnered with Chicago’s Sandbox Industries, a startup incubator and accelerator, to create BCBS Ventures. BCBS Ventures has two venture funds, worth $295 million, to invest in health startups. So far,… Read more »



How to Build a Minimum Tractionable Product (MTP)

MTP

Traction…. true traction is having so much profitable revenue that a company has the ability to self-fund all operations without the need to raise outside capital. Now, somewhere between a vision and true traction, lies the ability to attract Venture or Angel Investors. The more confidence investors have in a startup’s ability to achieve traction,… Read more »


Startup PHL: $3.5 Million to Attract and Retain Tech Entrepreneurs in Philly

StartupPhl

Entrepreneurs in Philadelphia just got a financial boost – to the tune of $3.5 million – from a two-tiered investment and grant-making initiative called Startup PHL. With the goal of bringing more tech startups to the city, Mayor Michael Nutter announced Friday the Philadelphia Industrial Development Corporation (PIDC) and the City of Philadelphia have partnered… Read more »