Author: Rich Foreman

The Startup J Curve

In his book, the Startup J Curve, noted entrepreneur and angel investor, Howard Love, essentially states that there is no straight line from startup to sustainable success. Rather, it follows a J Curve where the company initially dips after it starts. The dip can occur for several reasons: Product takes longer to develop Customers don’t embrace the initial product The business model doesn’t quite work Love describes this dip as the Valley of Death. A young startup needs to be able to crawl out of it before they run out of cash. Much of his book describes strategies in...

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Mark Haney Reminds Entrepreneurs to be a Rock Star!

Mark Haney of Haney Business Ventures has founded or co-founded over 20 businesses with a focus on community-based values by offering opportunities for entrepreneurs and military veterans. He is a board member on the Sacramento Entrepreneurs’ Organization and Allegiant Giving Corporation which all are dedicated to strengthen the entrepreneurial spirit of its region. Mark initially launched a successful video distribution company that expanded into a security/surveillance provider grossing over an annual $200 million with hundreds of employees. He also hosts a weekly radio broadcast, Entrepreneurs Unlimited which covers an array of topics related to entrepreneurship, business, startups and more. In a recent interview with Startup Grind Sacramento, Mark discussed his entrepreneurial journey. Born...

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Startup Lessons from Garage Ventures Bill Reichert

Silicon Valley icon Bill Reichert from Garage Technology Ventures recently spoke at Startup Grind Sacramento and offered some invaluable insight. With over 20 years as an entrepreneur and two public companies, Bill’s resume is quite impressive. Originally from Chicago, Bill grew up spending quality time with his grandfather who exposed him to the adventurous world of entrepreneurship. He was in Silicon Valley when the PC was first released and arguably ran one of the first app development firms in United States history, which was apparently amazingly successful but eventually “crashed and burned.” In 1992, Bill and his buddy helped save a failing organization called “The...

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Highlights From 500 Startups Batch 18 Demo Day

500 Startups held their Demo Day for Batch 18 at the Innovation Hanger near the Palace of Fine Arts in San Francisco. Batch 18 is made of 46 companies with themes in FinTech, Digital Health, Industrial Applications, Experimental Lifestyles, and Bots. Here are a few startups that I found interesting. Startup with Coolest Medical Tech Siren Care’s tagline is “Next-Generation Smart Textiles.” What they’ve developed is the ability to weave sensors into the fabric. Their first application is a temperature monitoring sock that is used to prevent foot ulcers for diabetics.   Startup with Coolest Lifestyle Concept One of...

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Impact Global Venture Summit Highlights Sacramento Region Startups

The inaugural Impact Global Venture Summit was held on November 14, 2016 at the brand new, state of the art, Golden 1 Center. Over 700 people attended and 50 Northern California startups participated in the summit with the goal of providing local startups exposure to investors. This was also the big debut for event organizer, Impact Venture Capital. Impact VC was formed from Sacramento based Velocity VC in partnership with Dixon Doll and Eric Ball. Dixon Doll is a well-known Silicon Valley investor with early investments in 20 unicorn (with a valuation over $1 B) companies. Most of the...

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The Navy’s 11 Leadership Principles

I can still vividly remember reciting the Navy’s Leadership Principles by memory while my squad leader was inches from my face during freshmen orientation for the Navy ROTC program at the University of Washington. Here are the Navy’s 11 Leadership Principles (admittedly I can no longer recite them from memory): 1. Know your people and look out for their welfare. 2. Keep your people informed. 3. Know yourself and seek self-improvement. 4. Be technically and tactically proficient. 5. Seek responsibility and take responsibility for your actions. 6. Make sound and timely decisions. 7. Set the example. 8. Develop a sense of responsibility in your subordinates. 9. Ensure that the task is understood, supervised, and accomplished. 10. Train your people as a team. 11. Employ your unit in accordance with its capabilities. When I was an 18 year old midshipman, the principles were something that I had to learn for inspections. However, during my career, they have become guidelines for me when I have had the privilege to lead. I also judge some of my bosses by whether their actions follow the principles. Take a look at the principles and think of the managers that you work for during your career. If you find them violating the principles, inherently you have judged them as poor managers. Conversely, if you find them following the principles, I’m sure you’ve labeled them as good...

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The 2016 Sacramento Region Innovation Award Winners

The inaugural Sacramento Region Innovation Awards luncheon was held on November 4, 2016. The criteria for the award is that the innovation must be developed by a Sacramento region entity. The awards were given in six categories and judged by a panelist that consisted of industry experts. Below is a list of the award winners and finalists. Innovation of the Year Golden 1 Center (Award Winner), the new home of the NBA’s Sacramento King was given a special Innovation of the Year Award for being the most sustainable and technologically advanced arena in the world. Sacramento Kings President, Chris...

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The 2016 Presidential App War: Clinton vs. Trump

As the 2016 Presidential Campaign comes to a climax this Tuesday, as an app developer, I’m going to take a few minutes to compare the official apps from each campaign. Because of the importance of mobile, I see that apps will be a crucial tool for political campaigns and it’s interesting to see how the major party candidates have implemented their mobile app strategy. Hillary 2016  Debuting last July on iOS and now available on Android, the Hillary 2016 App is about making the election fun. It has the feel of a mobile gaming platform while incorporating strategies similar...

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Sacramento Invests in Startup Ecosystem by providing $1M in Grants

Last June, the Sacramento City Council unanimously approved a $10 Million Innovation and Growth Fund. From that fund, they setup aside $1 M for the Rapid Acceleration Innovation & Leadership in Sacramento (RAILS) grants. The grants are for groups that drive acceleration, innovation & leadership for startups. The city received a total of 143 applications in which a panel selected a total of 15 organizations to receive grants in three areas: Acceleration Grants ($50k to $250k): for accelerator and incubator programs supporting Sacramento startups through mentorship, networking, and education to raise capital, grow their business, and create new jobs....

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Apptology Offers Four Scholarships to Startup Weekend Sacramento

Think you have an idea that can be the next Uber?  If you’re curious about what it’s like to be an entrepreneur, you can experience the startup life in 54 hours during Startup Weekend Sacramento on November 11-13, 2016 at Impact VC Sacramento office.  You’ll have the opportunity to pitch your idea, form a team, develop a business plan, and present to a panel of judges for prizes.  Throughout the weekend, mentors will be available to advise your team, including Apptology CEO, Rich Foreman. As a platinum sponsor of Startup Weekend Sacramento, Apptology is offering 4 scholarships for this event. Preferences will be given to...

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