Since launching in 2010, CoFoundersLab has helped approximately 350 founding teams successfully launch companies. Many of these CoFoundersLab successful match companies have blossomed over the years, and the perfect example is Revolv, the creators of the Revolv Smart Home Solution that connects all your smart home technology to an app on your phone.
Revolv, formerly known as Mobiplug, is one of CoFoundersLab’s original success stories founded in 2012. We recently caught up with Mike Soucie and Jeff Matthews, two of Revolv’s three co-founders, to get an update on the company’s continued success.
Since graduating from the Techstars Boulder Accelerator and raising $2.8 million in 2012, Revolv has experienced incredible success - the company raised an additional $4.5 million to raise their funding total to $7.3 million, started sales in 75 Home Depot stores across the US, won a number of Best in Show awards at CES 2014, and has been highlighted in large publications like TechCrunch,Gizmodo, Forbes, CBS, and USA Today.
This blog post is part of our “Meet Our Volunteers” series, a series in which we feature some of the startup community leaders in the 40+ cities where we host quarterly CoFoundersLab Matchups. As mentioned in Brad Feld’s great post, “Startup Communities Are Up to the Entrepreneurs,” our volunteers are great examples of entrepreneurs dedicated to spending their time in driving their startup community forward, helping to connect other entrepreneurs and ultimately creating jobs in their city.
This post features Lou Lomibao, our Ambassador in Orange County, CA.
Everywhere Else Tennessee is the premier national startup conference focused entirely on helping entrepreneurs and startups tackle the unique challenges of starting up outside of Silicon Valley. The event is expecting a sellout crowd of 400 for its 2nd annual event in Memphis, TN April 30 - May 2, 2014 at the 409 South Main Gallery.
Organizers have specifically reached out to CoFoundersLab to get the entrepreneur community excited for Everywhere Else Tennessee and have given us our own discount code "cofounderslab" to receive 20% off all tickets.
This is a guest post by Danny Boice, the Co-Founder & CTO of Speek - a funded startup that let's users do conference calls with a simple link (speek.com/YourName) rather than using phone numbers and PINs.
My startup Speek is fixing crappy conference calls for people all over the world. We recently announced a $5.1 million Series A from the likes of 500 Startups, Edward Norton and a slew of other high profile investors. Our star-studded advisory board consists of Edward, the founders of Nextel, the founders of AddThis and the former Sr. VP, Corporate Development from Sprint.
In talking with younger startup founders I often note that their lines of delineation between founders, board directors, advisors and mentors are often skewed. I credit a significant portion of Speek’s success thus far with us very effectively building and leveraging a curated and high quality group of advisors and mentors specifically. In this article I’m going to school you on how we pulled this off and what our derived value is from each respective group.
This is a guest post by Michael Thomas, the head of inbound marketing at Highfive, a startup backed by Andreessen-Horowitz, Google Ventures and some of the top investors in Silicon Valley.
The majority of successful startups got where they are today because they had an amazing team. There have been a few notable solo founders, like Jeff Bezos of Amazon and Pierre Omidyar of eBay, but for the most part great companies are founded by teams. But building that team isn’t always so straightforward. If you are young, like I was when I started my first company, you likely won’t have a large network or know people with complementary skills required to complete a “Golden Triangle.”
At CoFoundersLab, one of the most common questions we get from our members is: How do optimize my profile to find the best potential co-founder for my business?
We recently caught up with Evelyne White and Frank Ramirez of Bookalokal, an innovative social dining platform and CoFoundersLab successful match from New York City, who shared a valuable piece of advice: be as specific and honest as possible in your CoFoundersLab profile.
Startup internships are on the rise, and we think that’s great for interns and founders alike. Interning at a startup offers interns lots of benefits including:
A chance to make a real impact and watch your efforts materialize quickly.
Experience a wide variety of projects and develop a wide range of skills. Sometimes interning with larger, more established companies may require more routine functions.
It’s a great way to try out a startup and prove yourself if you’re part of the 54% of millennials who want to launch or be part of a startup.
Startup founders, especially pre-funded ones, often don’t have the luxury of hiring full-time staff. Hiring an intern is a great way for a founder to get the additional help he or she needs without breaking the bank.
This blog post is part of our “Meet Our Volunteers” series in which we feature startup community leaders in the 35+ cities where we host quarterly “CoFoundersLab Matchup” events. As mentioned in Brad Feld’s great post, “Startup Communities Are Up to the Entrepreneurs,” our volunteers are great examples of entrepreneurs dedicated to driving their startup community forward, helping other entrepreneurs network and connect, and ultimately creating jobs in their city.
This post features Nicole Relyea, our Ambassador in Boulder and Denver, CO.
This is a guest post by Mike Moyer. Mike is the author of several books, including Slicing Pie, a book about dividing up equity in early-stage companies.
You, the marketing whiz, and your friend, the technology rock star, decide to go into business together and spend the next three weeks planning hunkered down in a coffee shop chugging triple-venti, sugar-free, non-fat, no-foam, extra-caramel, Caramel Macchiatos. Sooner or later the conversation is going to turn to ownership and equity. You might be tempted to split the equity “50/50,” after all what could be more fair than that?
Your 50/50 split is known as a “fixed split” and it could doom the company to failure. Fixed splits are rarely, if ever, fair because they usually do not reflect actual contributions to the company’s success and they never accommodate changes. What if, for instance, you work on the project full time and your partner keeps a day job? Or what if you want to hire a marketing assistant? Do you give him your equity? Does your partner pitch in? Why should she? It’s your assistant after all. Welcome to your first equity renegotiation.
This is a guest blog post written by Kyra Assibey-Bonsu, Startup Buenos Aires Member and Contributor.
What an impressive night! The temperature outside perfectly matched the intensity of the creative energy that coursed through CoFoundersLab Matchup Buenos Aires, hosted by Startup Buenos Aires at Areatres Labs - both were on fire.
With a promising, young startup, making connections with investors is a daunting task. Where do you find relevant investors? Which ones do you reach out to first? How do you phrase cold emails? All good questions...
We recently caught up with Uxplr, a CoFoundersLab successful match, who told us about their experience meeting not just co-founders, but also investors through CoFoundersLab.com. Watch their interview below to learn more about Uxplr's experience getting connected to the entrepreneurship community.
This blog post is part of our “Meet Our Volunteers” series, a series in which we feature some of the startup community leaders in the 35+ cities where we host quarterly “CoFoundersLab Matchup” events. As mentioned in Brad Feld’s great post, “Startup Communities Are Up to the Entrepreneurs,” our volunteers are great examples of entrepreneurs dedicated to spending their time in driving their startup community forward, helping to connect other entrepreneurs, and ultimately creating jobs in their city.
This post features Jared Melnyk, our Ambassador in Chicago, IL.