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Startup

The Founder of Vets First Choice Just Won the New England Entrepreneur of the Year Award

By | Jul 16, 2017 at 10:30 am

Ben Shaw, founder and CEO of Vets First Choice in Portland, on Tuesday received the New England Entrepreneur of the Year award from Ernst & Young in the healthcare services category. Shaw has grown Vets First Choice, the startup he founded in 2010 to…

Acquisition

Fork Food Lab Acquired by New York-Based Foodworks

By | Jul 14, 2017 at 7:15 am

Fork Food Lab, the food-focused startup incubator in Portland, Maine has been acquired by Foodworks, a New York City-based company that operates two other culinary incubators in the northeast. Neil Spillane and Eric Holstein founded Fork Food Lab last year, officially opening in September…

Funding

NBT Solutions Closes Seed Round Led by Maine Venture Fund and CEI Ventures

By | Jul 12, 2017 at 6:30 pm

NBT Solutions, a Portland, Maine-based developer of mapping software, has raised nearly a million dollars to drive growth of their flagship product VETRO FiberMap, a cloud-based broadband mapping and fiber management system for the telecommunications industry. The company closed the seed round of $773,333 from…

Interviews

Founders Shouldn’t Depend on Their Plan A

By | Jul 11, 2017 at 7:15 am

Leo Corcoran founded his first company when he was in his mid 40s. Today, at 60 years old, his company Portland-based ClaimVantage, employs 35 people and posted $6 million in revenue in 2016 selling cloud-based software for the insurance industry. But it wasn’t always clear it…

Interviews

Finding Capital Can Be Just as Hard as Managing it

By | Jul 4, 2017 at 10:30 am

Claudia Raessler considers herself to have stumbled into running her own business. Yet she and her husband Ken haven’t appeared to suffer from the accidental case of entrepreneurialism and ample capital. The husband-and-wife team—Claudia is managing director, while Ken is president—own and operate Maine Dye &…

Drones

Raptor Maps Drones Are Helping Farmers Keep Their Crops Healthy

By | Jul 2, 2017 at 12:45 pm

In early 2015, Nikhil Vadhaykar and some fellow students at the Massachusetts Institute of Technology has an idea for a company that would use drones to help farmers collect real-time, actionable data about their crops. Vadhavkar, who’s now 28, was pursuing a PhD in…

Interviews

Every Entrepreneur Should Be Prepared for Failure

By | Jun 30, 2017 at 7:15 am

Jamie Nonni’s entrepreneurial story is one of perseverance. He’s taken big risks that have paid off. But he’s also experienced failure, including a bankruptcy that forced him to rebuild his business. But the experience has paid off. Today, Nonni is CEO of not one, but two…

Interviews

Being the Smartest Person in the Room Can Be a Bad Thing

By | Jun 22, 2017 at 7:15 am

David Joseph is the cofounder and chairman of Davo Technologies, a Portland startup that has developed a software-as-a-service product that aims to make the lives of small merchants and restaurateurs easier. Specifically, the company’s product, Davo Sales Tax, automates the collection and payment of…

Funding

Maine’s Startup Certify Acquired by K1 Investment Management in $100M Deal

By | Jun 20, 2017 at 5:40 pm

Certify LLC, the Portland company founded in 2008 that offers cloud-based expense management software, has been acquired by K1 Investment Management, a Los Angeles-based private equity firm, in a deal worth $100 million. Bob Neveu, Certify’s cofounder and CEO, told Maine Startups Insider that…

Interviews

Getting Ahead of Your Legal Affairs Is the Key to Startup Success

By | Jun 20, 2017 at 12:20 pm

Every lawyer will tell you, it’s cheaper to hire them on the front end when you launch and get your business affairs in order than when stuff goes wrong or you’re playing catch up to protect your entity. For founders, taking a proactive approach…

Interviews

This Founder Knew When it Was Time to Step Down and Let Go

By | Jun 16, 2017 at 7:15 am

David Stone has lived the big-company corporate life and the startup life. There’s no contest. He prefers the latter. Stone has been involved in eight or nine startups in senior roles, though he only founded or co-founded three of those—Sports Rewards Systems in 2002,…

Interviews

How One Founder Went From VC to Green Tech Startup

By | Jun 15, 2017 at 8:30 am

Each week, I interview a startup founder in Maine to learn more about their background, lessons learned, advice for founders and their technology. This time we’re talking with Clayton Kyle, CEO of Clynk, the bottle and can redemption business and garbage tech. As CEO…

Diversity

Robyn Kanner of MyTransHealth on Hiring With an Inclusive Mindset

By | Jun 2, 2017 at 10:50 am

Companies with diverse and inclusive team has shown to improve their product and bottom line. When it’s time for managers to hire their next round of employees or fill a position, focusing on inclusion can not only help with the larger social problem, but your company will…

News

Carrie LeDuc of GTCA on the Importance of Balancing Work and Life

By | Jun 1, 2017 at 5:00 pm

Carrie LeDuc has been involved in four biotech startups, including two in Maine, over the course of her 26-year career. Though her startup stints were separated by more than five years working at The Jackson Laboratories in Bar Harbor, LeDuc said an addiction to building…