DoorDash – a pitch done right – 17 million right [Video]

DoorDash – YCombinator Demo Day Summer 2013

Tony Xu at the start of the pitch at Y Combinator Demo Days 2013

Tony Xu at the start of the pitch at Y Combinator Demo Days 2013

https://www.youtube.com/watch?v=R1gWgSbuUYE

Tony Xu does a great job pitching, some more passion could help, but very good none-the-less. 150 seconds, clean, tight and working.

Doordash delivery on demand.

 

In case you missed this:

DoorDash Raises $17.3 Million From Sequoia To Expand Its On-Demand Delivery Service

http://techcrunch.com/2014/05/22/doordash-17-3m-sequoia/

DoorDash is one of many on-demand food-delivery startups to crop up over the past few years, but the company has big ambitions to move beyond food. Thanks to new investor Sequoia Capital, it has a sizable war chest to go after the competition.

 

(…)

Seems easy idea to clone, huh. May you should read snow crash first.Snowcrash_cover

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Steve Jobs’ Advice for Entrepreneurs in 60 seconds [Video]

SteveJobs_BillGates

 

https://www.youtube.com/watch?v=gxo2rGr7Yfg (1:08)

  • Passion, and he explains it well.

Steve Jobs Last TV Appearance at the Cupertino City Council (6/7/11)

https://www.youtube.com/watch?v=06QqipaAvGY

Steve Jobs Presents to the Cupertino City Council (6/7/11) which was his last TV appearance only 4 months prior to his death. Steve discusses the new Apple Campus. The City of Cupertino review the plans.  On Oct 15, 2013 it adopted the resolutions to move it forward. Which made accommodations for 12,000 people, 6,200 trees, with 80% landscape and 20% building coverage, and an independent energy “center”.

Aerial Source: Ron Cervi via Twitter on AppleInsider.com

Aerial Source: Ron Cervi via Twitter on AppleInsider.com on June 10, 2014

techcrunch.com – The Paradox Of VC Seed Investing

thorny-seed-podThis is a good article that all entrepreneurs should read.

The Paradox Of VC Seed Investing
http://techcrunch.com/2012/07/29/the-paradox-of-vc-seed-investing/

Entrepreneurs regularly come to Founders Fund asking us to lead or participate in their seed/angel round. They are often confused or shocked when I try to convince them that with very few exceptions, it is not in entrepreneurs’ best interest to raise seed capital from large venture firms and neither is it beneficial for large firms to invest in seed stage companies.(…)

Leading Enterpreneur is a Union Contractor

KeyMarket_redwoodmaplrg2After leaving the tech industry in 2000, I decide to work for a local family-owned grocery store. Becoming the unpaided union shop steward a few years later, taught me alot about the valuable work provide by good union workers.

On Thursday of last week, I ran into this great story at the Peet’s in Castro Valley. Someone had left a print copy of the IBEW Union Member trade sheet. To me it pointed out that knowing-the-work-done is the backbone to the 5 levels of Leadership. It this case, it is central to the business.IBEW_newsPrint

IBEW’s Solar Power in California

http://ibew.org/articles/14daily/1404/140422_solar.htm

With only $2,500, an old Ford Ranger pickup and some power tools, Sullivan put out his shingle. Twelve years later, Sullivan Solar is the largest solar-only contractor in southern California and the 10th fastest growing energy company in the country in 2013, according to Inc. Magazine.

(…)

The skill of his workforce has been central to his marketing strategy as well.

 

“Too many contractors think price is all that matters, but not everyone is a Wal-Mart shopper. Really, most aren’t, but I knew that I would still need the most compelling presentation customers had ever seen to teach them what quality meant and why it was important,” Sullivan said. “I was using my knowledge as a journeyman inside wireman as a sign of quality.”

Sullivan Solar House Example

Sullivan Solar Power installed a 10,841W #solar power system at the Lombroso residence which saves them $540 a month!

 

 

RIP Turning Out the Lights – blog.wsj.com

turn_off_lightsBeing an entrepreneur means you have to do alot of background work – constantly checking, and re-checking the premise of the business. And as I’ve learned, just because you are making money, don’t sit still – because there may be another opportunity staring you in the face.

With the same force of will, it is always important to look for other lessons. And while it’s good to hear these tales, often finding them seems like a passing theme. This is why I was overjoyed when I found a 2009 series from the Wall Street Journal called Turning Out the Lights.

There is one story in 2014, one in 2012, and the remainder are from 2009. Below is a list of the companies and their product category. The links available lead to the VentureWire column story. The column is now part of the Private Equity & Venture Capital news service – which runs an active website. Lastly a reminder that many of the companies went down because of the Real Estate Bomb of 2008.

Turn Out the Lights. .OR. Turn Off the Lights.

Is it historic or idiomatic?

2014dark_forest

Stipple Shuts Down; VC Backers Included Floodgate, Kleiner Perkins

  • Image-tagging advertising startup Stipple Inc. has called it quits, shutting its doors less than 18 months after raising capital at a valuation just south of $25 million.
  • Stipple announced it was ceasing operations on its Twitter account.
  • At the time the company said it had tagged more than 80 million images and had more than 140 brand partners (…)

2012

No Playing: Signs Of Upheaval At Rivet Games

  • Backed with $15 million in venture funding and led by a former Playdom executive, social gaming company Rivet Games has abruptly shuttered one of its games amid signs of upheaval at the start-up.
  • The San Francisco-based company posted a message on its Pet Tales page on Facebook, stating: “Pet Tales has moved on. We are truly sorry that we are no longer able to keep Pet Tales going. We hope to be able to bring it back in the future. Thank you all so much for playing!”
  • Shortly after, the community forum on Rivet Games’ site lit up with posts from users who play the virtual pet game, wondering why the company had shut it down, why they weren’t given any warning and whether they would get refunds for money spent to buy virtual goods.
  • (No word on any success in this story.)

2009

The last story post in 2009 lists all the companies it made note of in 2009. To access the stories you can search the website for the company name, or browse through the category listings for the column Turning Out the Lights. I’ll add a few selected story links as well.

Turning Out The Lights: Transoma Medical, Onetime IPO Hopeful

  • Transoma Medical Inc., which raised more than $40 million in venture capital and had filed to go public in late 2007, has shut down after running out of money.
  • (No word on how the announcement was made.)
  • The St. Paul, Minn., company couldn’t attract new investors or acquirers even though its newest cardiac monitor, which received 510(k) clearance in February, had won some fans among physicians who treat heart-rhythm conditions.

Medical, Health & Drugs

  • Allux Medical Inc., Menlo Park, Calif. – devices for treating upper airway and dermatological inflammatory diseases.
  • Archus Orthopedics Inc., Redmond, Wash. – a device for an alternative to spinal fusion surgery for the treatment of leg and back pain caused by moderate-to-severe degenerative lumbar spinal stenosis
  • Argolyn Bioscience Inc., Durham, N.C. – a peptide drug developer
  • Aspen Medtech Inc., Bellevue, Wash. – a medical device field to be determined.
  • Cogentus Pharmaceuticals Inc., Menlo Park, Calif. – a pill designed to provide protective cardiovascular benefits while reducing gastrointestinal side effects associated with anti-platelet therapy.
  • DiObex Inc., San Francisco – diabetes drug
  • Dynogen Pharmaceuticals Inc., Waltham, Mass. – a drug
  • Innovative Spinal Technologies Inc., Mansfield, Mass. – spinal-surgery device
  • OmniSonics Medical Technologies Inc., Wilmington, Mass. – an ultrasound technology that breaks up blood clots
  • Pegasus Biologics Inc., St. Paul, Minn. – (summary unclear about business)
  • Therative Inc., Livermore, Calif. – aesthetics device for acne treatment

Computers, Networks, Communications & Robotics

  • Autonomic Networks Inc. (Formerly known as Vernier Networks), Mountain View, Calif. – network access control products
  • BrightScale Inc. (Formerly known as Connex Technology), Sunnyvale, Calif. – The maker of chips used for video processing.
  • Cswitch Inc., Santa Clara, Calif. – communications semiconductors
  • Hammerhead Systems Inc., Mountain View, Calif. – a data-switching company
  • LucidEra Inc., San Mateo, Calif. – on-demand business intelligence
  • LV Sensors Inc., Emeryville, Calif. – maker of semiconductors, micro-electromechanical devices that were to be used as wireless sensors in automobiles.
  • MetaRAM Inc., San Jose – semiconductor designed to reduce the costs of servers and workstations by up to 90%
  • Nanochip Inc., Fremont, Calif. – memory circuits maker
  • Nevis Networks Inc., Mountain View, Calif. – protect local-area networks (LANs) from unauthorized users
  • nTag Interactive Corp., Boston – digital name tags that can communicate with each other wirelessly
  • OQO Inc., San Francisco – sophisticated pocket-sized PCsOQO
  • PulseWave RF Inc. – power amplifier chips for cellular base stations
  • Recordant Inc., Alpharetta, Ga. – sales analytics technology
  • SiCortex Inc., Maynard, Mass. – A high-performance computing
  • Silicon Navigator Corp., Cupertino, Calif. – electronic design automation software for chipmakers
  • TallyGenicom LP, Chantilly, Va. – Printing products
  • Woven Systems Inc., Santa Clara, Calif. – maker of a 10-gigabit Ethernet switch
  • Yoomba Inc., Menlo Park, Calif. – VoIP technology maker

Internet & Web

  • Coghead Inc., Redwood City, Calif. – a Web application company
  • Kadoink Inc., San Francisco – mobile content delivery and advertising platform
  • ManiaTV Inc., Los Angeles – produce Internet TV shows
  • NebuAd Inc., Redwood City, Calif. – online behavorial tracking
  • Ortega InfoSystems Inc., Fremont, Calif. – remote viewing of security facilities through a Web browser
  • ProQuo Inc., San Diego – filter out people’s junk mail, while continuing to receive the offers they want.
  • SafePage Corp., Menlo Park, Calif. – “secure personal portal” using online “widgets.”
  • SkyWi Inc., Fort Worth, Texas – Originally VOIP, but to dial-up and DSL Internet service
  • SplashCast Corp., Portland, Ore. – lets people watch television shows within social networking sites
  • Sotto Wireless Inc., Bellevue, Wash. – stealthy wireless service provider
  • TeeBeeDee Inc., San Francisco – social networking Web site for people over age 40
  • Tipjoy Inc., Cambridge, Mass. – Internet tip jar for digital content
  • Trusera Inc., Seattle – health Web site

Other

  • Advanced Power Projects Inc., Fremont, Calif. – make power plants more efficient.
  • Elephant Pharmacy Inc., Berkeley, Calif. – the operator of health and wellness stores
  • Expresso Fitness Inc., Sunnyvale, Calif. – interactive stationary bicycle
  • GreenFuel Technologies Corp., Cambridge, Mass. – an algae greenhouse designed to use carbon dioxide emissions from a cement plant to create biofuel
  • TeachFirst Inc., Seattle – educational training company
  • Ugobe Inc., Eagle, Idaho – The maker of the Pleo robotic dinosaur – a lifelike, interactive toy (youtube)

    Pleo

    The interactive Pleo, robotic & life-like.

  • Ultreo Inc., Redmond, Wash. – battery-powered toothbrush that used ultrasound waveguide and sonic bristles
  • Verified Pass Identity Inc., New York – provider of faster airport security lines for approved travelers, which did business as Clear

 

How a bent penis is critical to a business plan

This a great article. It’s worth the 10 minutes read.

Car_crash_15 Things Startups Do Before They Crash
http://blogs.wsj.com/briefly/2014/02/25/5-things-startups-do-before-they-crash/

Wayra, the startup incubator of Spain’s telecom giant Telefónica SA, has a very low failure rate: of the 315 startups it has worked with, only 41 have failed. (…)

 

      1. Hire the Wrong People
      2. Completely ignore the Market
      3. Become secretive with their Backers
      4. Ignore the need for revenue
      5. Be audaciously boring

 

IndyCar_Las_Vegas_2011_big_crash_(cropped)