Want to know about Miami startups? A user's guide to this blog

Dear reader, Starting Gate has been providing and archiving South Florida startup and tech community news, views and resources since 2012. New to the Miami area? Thinking about relocating here? Just want to keep up with news, events and opportunities? We're there for you.

How to use Starting Gate: Besides scrolling the blog for the latest entries, you can access news and views by category. The "Funding" category will capture venture capital and angel funding news of individual startups as well as stories about funders. The startup categories chronicle news and my regular "Spotlights," and in Q&As you'll find interviews with CEOs and leaders in the entrepreneurship ecosystem. There are also categories for guest posts, views, accelerators/incubators, resources, events and more.

Have news? Have an idea for a guest post? Send it to me at [email protected]. (See my Facebook announcement here)

Thank you for your support through the years and please come back often. Follow me on Twitter @ndahlberg. - Sincerely, Nancy Dahlberg

February 08, 2018

WeWork opens in Coral Gables, its fifth Miami area location

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Just two and a half years after signaling it is bullish about the Miami market, WeWork is opening its fifth location.

WeWork, the global co-working company, has opened the doors to WeWork Ponce de Leon in Coral Gables, at 2222 Ponce de Leon, which occupies more than 31,000 square feet across six floors and accommodates a community of about 550 members.

Coral Gables Mayor Raúl Valdés was on hand for the ribbon cutting celebration: “It takes innovation and entrepreneurship to make Coral Gables a younger city and that is what WeWork does, providing space for people to collaborate and be creative together,” said the mayor.

Like its other Miami-area properties, WeWork Ponce de Leon (pictured above) offers a collection of workspaces, including private offices, dedicated hot desks, conference rooms and quiet phone booths, in a design that fits the vibe of the location. The Coral Gables location also includes a large outdoor patio. WeWork will host a Grand Opening Launch Party for WeWork Ponce de Leon tonight (Feb. 8) from 6-9 PM. For more details and to RSVP, visit we.co/ponceopeningparty.

WeWork opened the doors of WeWork Security Building in December. That location (pictured below) occupies more than 100,000 square feet on 15 floors of the historic downtown Security Building at 117 NE 1st Ave., and will accommodate more than 1,250 members, making it the largest South Florida location so far. Originally designed by New York architect Robert Greenfield, the 1926 Security Building still contains a majority of its original façade and details like brick columns, concrete ceilings and terrazzo flooring, as well as a vault. Curated by WeWork to fit the downtown location, WeWork Security Building also exhibits custom wall murals, neon signs and collages by local artists.

 The two new WeWorks join the company’s first two locations in Miami Beach and the Miami Brickell City Centre location that opened a year ago. Co-founded by Adam Neumann and Miguel McKelvey in New York City in 2010, WeWork services more than 200,000 members at locations around the world.

 In an interview in 2015 during the opening of WeWork’s original location off Lincoln Road, McKelvey said WeWork was bullish on the Miami market and planned to open five to seven locations, even though Miami was already served by a growing number of work spaces.

Wework security

January 11, 2018

Drive for Uber, ride Uber? Ironhack/Uber offer $200,000 in coding scholarships

 

Ironhack-logo-235x235For the second year in a row, Uber is teaming up with coding and design bootcamp Ironhack to award scholarships to Uber drivers and riders to help them acquire professional skills in coding and design.

This year, $200,000 in scholarships will be given out.  Four winners will be awarded full scholarships (each valued at $11,000) to enroll in one of Ironhack’s bootcamps in 2018, and 40+ partial scholarships will be awarded to additional winners.

“We were overwhelmed with the response to our first scholarship campaign last year, and we’re delighted to bring back this great opportunity for our driver-partners and riders,” said Uber Florida General Manager Kasra Moshkani. “We’re excited to make this invaluable learning opportunity accessible to new South Florida residents who are looking to launch careers in technology.”

The first class of 2017 scholarship winners included 19 year-old Ivan Jorge, a Cuban immigrant who has been working since he was a teenager to support his family. After completing his bootcamp course at Ironhack, he was hired as a Software Engineer at Xevo, which provides software for the automotive industry. Oleh Kolinko, an immigrant from the Ukraine, discovered Ironhack through the Uber Scholarship. After completing the web developer bootcamp in January 2017, he was hired as a Web App Developer at JetSmarter, a mobile marketplace for shared and private charter flights.

“We’re thrilled to team up with Uber for the second year in a row and to double our scholarship offer,” said Ironhack Miami General Manager Alia Poonawala. “We continue to see increasing demand for tech talent both locally and nationally, and through this scholarship, we’ll be able to educate 50 more South Floridians who wish to make massive career changes and become part of the rapidly evolving tech landscape. We’re inspired every day by the stories of the students who pass through our doors and who have been placed at reputable companies in South Florida like Magic Leap, Visa, and CareCloud, and we can’t wait to see what our 2018 scholarship winners achieve.”

Rated the #3 coding school in the world in 2017 by global rating site SwitchUp, Ironhack is located in the heart of Brickell at Building.co, Miami’s shared workspace for tech companies and startups. The school, which opened in Miami three years ago, also has campuses in Paris, Madrid, Barcelona, and Mexico City.

To apply, here is the process:

  1. Uber riders and driver-partners in Florida should check their rider or driver app between January 8 and January 19 for details about the scholarship opportunity. To enter, users should enter their information and will receive a link to apply to one of Ironhack’s three courses (riders should make sure they have the latest version of the Uber app installed).
  2. Scholarship applications must be received by 11:59 PM EST on January 21, 2018.
  3. Selected finalists will be contacted for second-round interviews.
  4. Winners will be announced on Tuesday, February 6.

Interested Uber driver-partners and riders can also learn about the scholarships at Ironhack’s upcoming open house on Saturday, January 13 at 11 am. This free event will take place at Ironhack’s campus at 120 S.W. 8th Street in Miami. To attend, RSVP here.

For more information about the open house event or Uber’s scholarship, contact Ironhack at (305) 907-7086 or [email protected].

  • Submitted by Ironhack

December 28, 2017

Q&A: Natalia Martinez-Kalinina weighs in on Miami’s entrepreneurial ecosystem

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By Nancy Dahlberg / [email protected]

Two years ago, Cambridge Innovation Center announced it would be expanding to Miami, taking most of the space in the University of Miami Life Science & Technology Park, which is now called Converge Miami. And at that time it made a bold prediction: that it would quickly become a hub for entrepreneurship in Miami.

Natalia Martinez-Kalinina, an organizational psychologist and strategist focused on merging innovation, entrepreneurship and community impact, led the expansion as general manager, and CIC Miami opened about a year ago, taking up nearly 80,000 square feet for offices, co-working and events. It plans to expand another 50,000 feet in future buildings planned for Converge.

CIC already houses more than 220 organizations, a vibrant mix of startups, small businesses and nonprofits in multiple sectors. Thursday evenings have quickly become a networking hub with CIC’s nonprofit partner Venture Cafe typically hosting a dozen or so community events that are free and open to the public.

As its first year comes to a close, CIC Miami and UM have launched Converge Labs, shared wet lab spaces available to university startups and researchers. The spaces will be available to the greater community as well after Jan. 1.

CIC also now has an arts program, a Latin American soft-landing program with Chile, Colombia and Argentina signed on as partners, and it is getting ready to launch a Corporate Innovation Program that is focused at connecting corporates with startups and vice versa.

“It is something that CIC in other cities is known for, and we are taking a different spin at it here in Miami,” Martinez-Kalinina said.

“The objective of CIC Miami is not to build a building or a set of buildings, but to build a community, create a true place of convergence, and add tangible value and momentum behind our city’s progress. As such, our walls should feel permeable for anyone, not just our clients. Although a chunk of our programming is internal, most of it is either fully or partially open to the public, so we hope that any participant in the innovation, entrepreneurship, or research sectors in Miami can benefit,” she said.

The Herald spoke with Martinez-Kalinina recently about CIC and the Miami entrepreneurial ecosystem, and followed up with questions via email. Here are excerpts of the conversation.

You have said you hoped CIC Miami would become an engine of innovation and a hub of collaboration in Miami. How do you think CIC is doing?

We have a long road ahead, but are very proud of the first year that both CIC and Venture Café have had in Miami. Both organizations have designed an inclusive, comprehensive vision that is largely informed by our trajectory in other cities over the last 18-plus years, but also very specific to the moment of growth stage that Miami is in.

The feedback we have gotten from our partners, visitors, and other stakeholders has reinforced that our mission is coming to life, and our high net promoter score (88) has been an indicator that our clients feel they can thrive and grow with us.

Year one was marked by experimentation, in which your team tried many new programs. What exceeded your expectations that will most surely be continued?

The focus of our first year was all about piloting, bootstrapping, and adjusting from feedback. Fortunately, several initiatives have truly exceeded our expectations.

One was the launch of our Latin American collaborations and closed agreements with both public and private entities in Argentina, Chile, and Colombia. Since then, we've advised entrepreneurial missions, connected startups to investment opportunities, helped to soft-land entrepreneurs, and provided other resources to our partners.

Since opening, we have launched a long list of CIC-led internal and external programming, including our ongoing “Future of” series on Fintech, travel/hospitality, health, education, law, corporate social responsibility (CSR), et al. The communities that are forming around each of these topics and the high level of engagement they have brought have signaled to us that this was truly needed and is adding real value.

Along the same lines, seeking to connect South Florida’s entrepreneurs with investors, we have done several recurring events and workshops (such as AntiPortfolio) focused on activating/educating more local investors, as well as provided ongoing investor office hours.

After hearing a lot of talk about how the arts and business sectors need to come together and learn from each other, we launched The Creator’s Lounge to provide artists, makers and performers the resources they need to bring their talents to market, collaborate within diverse industries, and build the supportive community they need.

And what was most surprising or challenging?

In other cities where CIC is located, we have seen remarkable engagement from corporations. They not only house portions of their innovation, small business, or R&D groups within CIC for proximity to the entrepreneurial scene, but move significantly beyond that by designing programming that places them front and center in these conversations.

In Miami, we heard about a much-talked about disconnect between how our enterprise sector engages with innovation, and we can attest that working at this interaction has been slower than we expected.

For this reason, we have launched a Corporate Innovation program, based on a history of fruitful experiences at other CIC locations and aimed at plugging in our local enterprises into the startup ecosystem.

What’s ahead for 2018?

If 2017 was our year of experimentation, 2018 will hopefully be the year of us growing and deepening across all of our objectives. The Converge Labshared wet laboratory pilot has been so successful within its first three months that we are doubling it in size. Our investor initiatives will continue to grow, connecting local startups and entrepreneurs with more and more national and international investors via our virtual office hours and visiting programming.

Most notably, our established partnerships will begin to bear fruit. Our Latin American collaborations are due to ramp up in the volume of startups we see, joint events we execute, and the creation of our digital resource library for Latin American startups (to be housed within our Why.Miami project). And 2018 will be the first year that Babson College’s expanded graduate curriculum is operational in Miami.

More broadly, how do you see the South Florida entrepreneurial ecosystem developing?

First and foremost, I believe our next chapter will be defined by how well we learn to collaborate; this goes for our universities, institutions, public-private touchpoints, corporations, entrepreneurs.

Secondly, I see us challenging ourselves and each other to think bigger with our ideas and push outside of Miami and Florida more aggressively with funding and scaling strategies. We need to define what success looks like outside of our own backyard earlier and better.

Thirdly, I see us learning to better optimize our resources into real strategic advantages. This includes truly taking advantage of the demographic/migration patterns in South Florida and better delivering on our position sandwiched in the hemisphere. It also includes elevating the innovation narrative and focusing resources around disrupting and advancing the industry verticals that are already our strengths (logistics, health, hospitality, real estate, et al.)

From CIC sitting in the middle of the health district, have you and your team seen a need to expand programing or services for this industry?

Yes, of course. In fact, one of the pillars of our strategic plan is to be a place of convergence between the life sciences/health sector and the rest of the innovation corridor in our city, both physically and figuratively. It is the reason why have wet laboratory facilities for chemical and biological research in addition to our office and coworking spaces. It is also the reason we piloted the shared Converge Lab with The University of Miami, which has expanded to include referrals from other universities and will be open to non-university affiliated research startups starting January 2018.

Lastly, since more than 60 percent of the companies housed at CIC are life sciences or health related, we have designed ongoing programming focused on their needs — from health investor in-person and virtual office hours and working groups and sessions with pharmaceutical, hospital, and institutional representatives to our ongoing “future of health” public-facing events in collaboration with Health 2.0.

In your view, what one or two ingredients are still needed in the entrepreneurial ecosystem?

We need a much larger and more engaged/capacitated class of local pre-seed and seed investors willing to fund South Florida based companies and be active in their development. We also need more local/state government support. Strengthening innovation and entrepreneurship should be a priority for our local public sector, and that entails the deployment of funds to incentivize talent creation, new initiatives, and direct investment.

Local government should co-lead how we connect and collaborate with innovation hubs across the region in substantive ways. Several city and regional governments around the world are setting a high and thoughtful bar for these priorities, and Miami needs to follow suit.

How best can universities play a role?

Universities play several truly invaluable roles. First, they educate the entrepreneurs, professionals, thinkers and creatives of the next generation. The impact they can have by not just inspiring, but training 21st-century and entrepreneurial skills is not just important, it is imperative for the workforce of the future.

Secondly, universities should be leaders in the commercialization of research, thus helping nudge existing markets, as well as create new ones. This is part of why we are excited to have The University of Miami as such a closer partner in the broader mission of the Converge Innovation District, and are looking forward to moving this larger vision forward in 2018.

Thirdly, it has been CIC’s experience that successful innovation clusters such as Cambridge and increasingly The Cortex Innovation District in St. Louis, are heavily anchored in not just one university, but multiple institutions that choose to align, incentivize innovation, drive capacitation, and — sorry to sound like a broken record — collaborate.

Lack of diversity has been huge topic in tech nationally. From where CIC sits, quite literally, how could CIC play a role to make Miami a role model for inclusive collaboration?

CIC takes a variety of approaches to this topic, and they are different in each city, but guided by a commitment in social engagement. In Cambridge, we run the largest private high school internship program in which nearly all participants are of color. In St. Louis, we are working directly with Forward Through Ferguson to bring innovation-focused gatherings, activities and opportunities to Ferguson.

At CIC Miami, we have taken a couple of approaches to this topic thus far, from supporting/housing several initiatives that accelerate and train low-income entrepreneurs or focus on resources for minority-led businesses and creating educational programming focused on female founders, to co-designing roundtable discussions focused on the role of immigration and partnering and designing a cohort program that supports veterans in entrepreneurship (launching Q1 2018).

One of our primary avenues for engaging in each city is Venture Café, our partner community development organization, which spun out of CIC. In Boston, Venture Café has launched targeted initiatives such as Roxbury Innovation Center in addition to inclusive, large scale projects such as District Hall. In Miami, Venture Café has already become a leading convenor of gatherings, conversations, entrepreneurial support specifically focused on diversity, among a long list of other community-facing and difficult topics.

From where we sit, Miami has a unique opportunity: as an adolescent and rapidly evolving entrepreneurial hub, we can take to heart some of the lessons learned across more seasoned hubs like San Francisco and New York and leapfrog over those hurdles. That said, we can only do so if we are intentional about the access, opportunities, and resources we deploy.

Tell us one thing about you that your colleagues may not know?

I believe very strongly in the value of adult learning, and one of the ways I do this is to pick up a new hobby every year. Over the last years, these have included horseback riding, archery, and tango; stay tuned for next year’s hobby du jour!

Follow @ndahlberg on Twitter.

NATALIA MARTINEZ KALININA

Age: 31

Current: General manager, Cambridge Innovation Center Miami, leading the CIC’s expansion to Miami. She is also the founder of Awesome Foundation MIAMI and Aminta Ventures, and is on the Governor’s Commission on Community Service, a body that oversees the administration of $32 million in federal, state, and local funding to deliver high-impact educational and volunteer programs in the state of Florida.

Previous experience: Chief innovation and technology officer for Roots of Hope, a nonprofit focused on Cuba, as well as one of six product strategists for Ultimate Software.

Education: Bachelor’s in psychology and government, Harvard; master’s in organizational psychology, Columbia.

December 03, 2017

From Facebook to Miami, she’s investing in dreams, maybe even the next ‘iguanacorn’

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By Nancy Dahlberg / [email protected]

When Laura González-Estéfani moved from Silicon Valley to Miami in 2015, the former Facebook executive said she was taken aback by the welcoming tech and entrepreneurship community.

“There must be something in the water in Miami that makes everyone so welcoming and so enthusiastic about the unknown. I found that willingness to take a risk,” she said in an interview this summer.

At eMerge Americas in June, González-Estéfani and business partner Clara Bullrich announced plans to start a venture-building company, called TheVentureCity, headquartered in Miami and Madrid, with an office in Silicon Valley, that would bring together a team from hyper-growth companies such as Facebook, Google and eBay. The venture builder would focus on accelerating high-potential tech startups with international growth aspirations. And that was just the beginning of a whirlwind six months for González-Estéfani and Bullrich.

Since then TheVentureCity team has begun offering free workshops and events for the community. The company has also partnered with Miami Dade College on an associate’s degree in entrepreneurship, and González-Estéfani and her team have assembled a group of instructors, including herself, who are CEOs or top executives of South Florida companies to teach the classes. The MDC program started this fall.

 “Those amazing young kids, their brains are so open,” said González-Estéfani, born in Spain and a mother of three. “What is your dream? That’s how I started my class. That was the first interview question I got at Facebook. When you can dream, things happen.”

And in September, TheVentureCity announced it has launched a $100 million venture capital fund, and kicked it off with 14 investments so far, including four investments in South Florida companies Boatsetter, RecargaPay, Above & Beyond and The FastMind.

Although her fund invests all over the world, González-Estéfani is a believer in Miami’s potential for tech. She even coined her own Miami term for so-called unicorns — companies valued at $1 billion or more. She calls them “Iguanacorns,” and Miami already has several.

To find the next iguanacorns, TheVentureCity is taking applications for its 36-month or 18-month accelerator-like program called The Garden Fellowships. Startups that can be in any place in the world must demonstrate at least a six-month track record and solid numbers on growth and engagement metrics. Using a data-driven approach, TheVentureCity builds on that foundation.

The Miami Herald interviewed González-Estéfani in her office in October about her time at Facebook and her new venture in Miami that includes a fund. These are excerpts of that conversation.

Q.  Why did you start TheVentureCity?

A. I worked for Facebook almost nine years, I’m 41, which is almost one-fourth of my life dedicated to that amazing company. I worked in Europe, Silicon Valley, Miami and Latin America. In 2000, I founded my own startup and we failed miserably. But I am surprised that after 20 years the problems in these emerging tech hubs are still the same.

A Silicon Valley startup founded by a Stanford guy is valued three times more than one founded by a Venezuelan guy based in Miami or a woman based in Spain. This is my passion — I want to fix that. I want to work with companies that are making a huge impact, not because of where the founders are.

A Silicon Valley startup founded by a Stanford guy is valued three times more than one founded by a Venezuelan guy based in Miami or a woman based in Spain. This is my passion — I want to fix that.

I believe the next billion-dollar companies won’t be coming from Silicon Valley only. There are so many huge problems to solve around the world. If you look at fin-tech, insure-tech, health-tech, feminine-tech, if you look at AR [augmented reality], those founders are so talented, so driven, but they don’t have the right people supporting them.

What moves our team is giving founders in those emerging tech hubs support to change the world in the best way they can. We have been busy executing.

Q. What do you look for in an investment?

A. We don’t invest in companies without at least a six-month track record with engagement and growth metrics. We need to understand the founders first, have chemistry with them, and then look at the product or their engineering, the core of what they are building.

If everything goes well, then we will look at the financial model and legal structure. Why? We are looking at the bones, what are the things we need to track to understand if the company is going somewhere. We are not looking at revenues from the very beginning, which is something that happens in Miami all the time [because] investors want to see early revenues. If I have a small company, I want everyone focused on growing the company. The Googles, Facebooks, eBays of the world, they didn’t start monetizing until the year three or five.

That’s the thinking. Even our term sheets are different. A lot of funds require a board seat. I don’t want that. I want the entrepreneur to feel at home and that they can call our team at any time. I don’t want to wait until the board meeting to hear what the problem is. It doesn’t make sense.

The transparency, the directness and information flow we request is very different, it is more like we are part of the same team. At the end of the day, the best deals are coming our way and our founders feel we can help them.

We need to bring more people here who want to support founders along the way. Not roadblocks; it’s already so difficult to be an entrepreneur.

Q. Tell me about The Garden Fellowships. How is it different from a startup accelerator?

A. Our program is not a fixed program; it is tailor-made for each of the startups. Our experience is giving to the talent.

We don’t require equity in advance; we invest as we go over 18 or 36 months. We have to keep earning it. If they want to leave at any point, they are free to leave at any point. We don’t want anyone to feel trapped. We are so sure of how much we can deliver, I am comfortably fine to demonstrate every day that we have earned it.

We are going to work with 25 companies. They can work wherever they want. Pushing the boundaries, that is what disruption is all about.

Every company should have a chief happiness officer. When I asked the kids at Miami Dade College what kind of company they want to work with, none of them said a corporation. They are mission-driven.

Q. What are some lessons you learned at Facebook and earlier?

A. Don’t pay attention to the noise, don’t pay attention to the drama, you can make it happen.

Figure out where you want to go and then deconstruct and move backward.

My first startup [a beach tourism portal in 2000] was a disaster. We didn’t plan in advance, of course 2000 the bubble burst, it was bad timing and we didn’t know what we were doing. I’m an angel investor who is on boards and my husband is building a company, and I’ve learned you have to think five years out and build backwards.

Five years in tech is a long time. I didn’t have that five-year vision when I was 20 years old. I needed to have an action plan with steps on how to get there. Now we are trying to embed that into everyone.

If you are a natural leader, people will follow you.

Have a suite of values that every member of the team speaks to. You need to do what you preach. Invest in the culture of the company, transparency, diversity, being fair to the founders, thinking of the founders first. Our list of mentors is pretty amazing and you need to connect them with the community. If you say you are going to do this, you have to do this. That’s something I learned at Facebook.

Every company should have a chief happiness officer. (At TheVentureCity that’s Miami campus director Elisa Rodríguez-Vila). When I asked the kids at Miami Dade College what kind of company they want to work with, none of them said a corporation. They are mission-driven. Millennials and those coming after are expecting to work with a purpose, not just for the money. Every company needs to invest in happiness officers guaranteeing that there will be an amazing culture.

I never hire people who want to work just because of the money. I’ve never done that. But we do pay people right. That is something Miami needs to understand — if you really want to attract the best talent, you should pay them in a fair way. You can’t expect them to work for $50,000, excuse me?

Q. How else can Miami’s entrepreneurial ecosystem be improved?

A. The showstoppers are there is a lot of money and a lot of awesome tech. Explore different ways to make an impact. We have to create those role models, the Jacqui’s [Baumgarten, CEO of Boatsetter] of the world, the guys from The FastMind, the founder of CareCloud, these are role models for the community. They need to mingle more and be more proactive. On the other side, to the founders, you can’t wait for things to happen for you. You need to put skin in the game. I’ve had founders who’ve wanted investment and they aren’t even working on their venture full time. I’m putting everything I have into this and I expect the same from you.

We need investors that really understand tech. We need traditional venture capitalists to understand that in tech it doesn’t work the same way, you can’t expect returns in a year. We need the talent to stay here because they are getting the right salary. You can’t be strangled by regulation, hello government.

We still have a long way with the government. I am not talking about handouts, I am talking about making it easier for them to thrive. Tech drives tons of high wage jobs.

Everyone contributes to what happens here.

Follow @ndahlberg on Twitter.


Laura González-Estéfani

Position: Co-founder of TheVentureCity, a venture builder headquartered in Miami and Madrid.

Experience: González-Estéfani spent nearly nine years with Facebook in various roles supporting overall growth strategies, including as director of international business development and mobile partnerships for Latin America, spearheading the Internet.org and connectivity initiatives from Silicon Valley and later Miami. Before Facebook, she held management roles at eBay, Siemens and Ogilvy Group and co-founded Esplaya.com, the first international beach tourism digital platform.

Education: Universidad Europea de Madrid and Vlerick Business School in Belgium.

Personal: 41 years old, born in Spain, “citizen of the world.” Married, mother of three, lives in Miami.

Community involvement: Mentor for Endeavor Miami and Stanford Latina Entrepreneurship Program; coach for Babson College.

November 04, 2017

Nuvola brings digital white-glove service to the hotel industry

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By Ana Acle-Menendez

Perhaps no other industry relies as heavily on customer service as the hotel industry.

So, imagine if there was a way for guests to communicate to staff directly and conveniently through the touch of a button on their mobile phone. And imagine if guests would be notified of happy hour specials while walking by the bar in real time, allowing hotels to gather behavioral data and provide better service.

Juan-Carlos-Abello-NUVOLA-2That communication platform was imagined and created. Now, it is offered by a guest service management software developed by Nuvola, a Miami-based company founded by Juan Carlos Abello, who worked as a manager at various hotels.

But while Abello developed a solution for hotels, he needed solutions of his own to grow his new startup business.

He heard about the Miami Herald Business Plan Challenge, a contest for startup entrepreneurs, through Florida International University (FIU), his alma mater. While creating the video presentation for the contest, Abello then learned about the Florida SBDC at FIU — the small business development center at the College of Business, which provides no-cost consulting to entrepreneurs and small-business owners.

“My biggest obstacle was closing on my first customers,” said Abello, who earned an MBA from Emory University and a bachelor’s degree in international business from FIU. “In technology, if you don’t have references and you’re selling software that’s intangible, it’s a tough sales pitch. Closing on my first 20 to 30 customers was the biggest challenge.”

He specifically wanted guidance on finding an investor.  “In my particular case, I was looking to accelerate the growth of the company,” he said. “I was looking for funds and I was assigned to an advisor who had experience as an investor.”

For the next six months, he met with the expert consultant every two weeks on Saturdays, going over spreadsheets, sales pitches and the program to grow more capital.

It soon paid off.

“I was extremely satisfied because I was able to raise additional funds for the company,” Abello said. “I closed with two investors and now basically I’m living my dream.”

What started three years ago with business development and sales of $30,000 doubled every year. Now Nuvola is well over $1 million in sales this year, Abello said.

What’s more, his one-man team has now grown to 18 full-time employees.

“I would recommend the SBDC,” Abello said. “First, because they understand that you’re an entrepreneur — you don’t have a flexible schedule — and most of the time they were able to accommodate my needs.

“Second, I felt that every single member of the organization that I interacted with was professional, willing to assist and the advice they gave was definitely significant in terms of the objective that I had,” he continued.

“Lastly, it’s a free service,” Abello said. “They do understand that starting a business is not easy and you’re going to face a lot of obstacles. Most of the time they know what obstacles you’re going to face so you can anticipate them, which is great.”

Additionally, he said he made friends during the process and still keeps in touch with his advisor. He is also mentoring others so they can sell to their first 20 to 30 customers before going to investors.

By the way, in case you’re wondering, Abello and his team won first place in that Miami Herald Business Plan Challenge in the FIU Track category. That’s another feather in his cap that he can use for marketing purposes.

 

Ana Acle-Menendez wrote this article for Florida SBDC at FIU, which gave Starting Gate permission to post it.

 

READ MORE about Nuvola here. 

 

November 01, 2017

Miami’s TheVentureCity launches $100M global fund for tech startups

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Clara Bullrich, left, and Laura González-Estéfani at their TheVentureCity office in Miami Beach. TheVentureCity is now launching a $100 million fund for startups. Alexia Fodere for The Miami Herald

 

By Nancy Dahlberg / [email protected]

This summer, when former executives of Facebook, Google, eBay and other hyper-growth companies formed a global “city” based in Miami with everything a tech startup needs to scale internationally, they were missing one key element: the money.

But not anymore.

The founder and CEO of TheVentureCity, Laura González-Estéfani, former director of international business development and mobile partnerships for Facebook, and co-founder Clara Bullrich, a 20-year private banking and asset management veteran, have launched a $100 million fund for tech entrepreneurs. This will be a tool in its unique TheVentureCity, which offers a tailored fellowship program and consultancy for tech startups with global hypergrowth potential.

TheVentureCity Fund I has already has already put $20 million to work, investing in about 14 companies globally – four of them based in the Miami area.

The new fund has invested in Boatsetter, a boat-rental platform; gaming venture The FastMind; and financial-technology startups Above & Beyond and RecargaPay, all from South Florida. It has also funded three Silicon Valley companies; the remainder are from Latin America and Europe. One has roots in Angola. Another five companies are in the pipeline. TheVentureCity typically invests more than $1 million.

“We want to accelerate emerging tech hubs around the world with amazing entrepreneurs who want to make their dreams come true. The way to do that is to guarantee that the right, smart money is there,” said González-Estéfani, in an interview last week. “There’s a lot of money in Miami but many of the LPs [limited partners] don’t understand tech.”

TheVentureCity Fund I joins several new funds launched in South Florida in the past couple of years for early-stage investments, including Krillion VenturesRokk3r Fuel ExOLas Olas Venture Capital and AGP Miami, an active angel investing network. But the number of South Florida startups has risen 63 percent in the past two years, and the lack of local venture capital options has long been an issue in the area.

Some of South Florida’s most successful startups have gone elsewhere, including Silicon Valley, for their funding. Some don’t come back.

González-Estéfani said the fund is looking for companies that can show at least six months of strong growth and customer engagement. “We are not looking at revenues from the very beginning, which is something that happens in Miami all the time – investors want to see early revenues,” said González-Estéfani, a native of Spain who worked in Silicon Valley, Europe, Latin America and Miami at Facebook for nine years, and before that was with eBay, Siemans and Ogilvy.

“But if I have a small company, I want everyone focused on growing the company. The Googles, Facebooks, eBays of the world, they didn’t start monetizing until the year three or five.”

With an “international-first” approach, TheVentureCity aims to create cross-functional bridges between key regions to scale startups on a global level through its consultancy, its acceleration programs and in-house product and engineering expertise, González-Estéfani said.

The headquarters of TheVentureCity is in Miami Beach, but the team of 17 is looking for a 10,000-square-foot office in Miami. There is a second campus in Madrid and an office in San Francisco. It just added a presence in Sydney, Australia, and Singapore may be in the works, González-Estéfani said. Elisa Rodríguez-Vila, who co-founded The LAB Miami, runs the Miami campus.

TheVentureCity’s 36-month or 18-month tailored acceleration programs, which will be called The Garden Fellowships, will launch this month at WebSummit in Lisbon, Portugal. TheVentureCity will take equity in the startup as the partnership progresses, not upfront, González-Estéfani said.

This fall, Miami Dade College and TheVentureCity launched a two-year degree in entrepreneurship. TheVentureCity recently received a “key” from the Miami-Dade Beacon Council for locating and investing in Miami.

Follow @ndahlberg on Twitter.

October 27, 2017

Innovation festival unbound lands in Miami Nov. 1-2

 

  Unbound

By Daniel Seal 

Daniel SealFive years ago, I saw there was a need for a forum that could connect brands and corporations with grassroots startups and the cutting-edge technology that they offer. With so much innovation and ingenuity on the start-up stage, I saw an opportunity to bridge that gap between growing and established brands and the new ideas that will inevitably shape how we live and how we do business. That is how unbound was born. For startups, festivals are the opportunity to meet individuals crucial to their future success: investors, clients and partners, and for organizations, unbound festivals are where they can build their own platforms, connect with key audience members, and deliver but also look beyond their strategic objectives.

Anchored by annual festivals in London and Singapore, we wanted to add a third festival to the roster, and Miami was the best destination for us. As the gateway to the Americas, Miami and its thriving entrepreneurial community – connecting the US and Latin America – is the perfect backdrop as it’s now on everyone’s radar, from venture capitalist firms, to funds and angel investors from across the globe.

Next week, Mana Wynwood will host the first unbound Miami festival. The two-day event kicks off on Wednesday, November 1, and will gather 100+ future-focused speakers from the worlds of fintech, adtech, AI, healthtech, eCommerce, robotics and more, as well as feature immersive brand experiences, pitch sessions and startup battles. We have assembled a prestigious lineup of speakers (from VICE Media, Twitter and Slack to Marriott, VISA and Johnson & Johnson), sessions, and partners that set this event apart from any other taking place in South Florida.

ProColombia will be using unbound Miami as a platform for its annual Colombia Bring IT On campaign, bringing together 120 Latin American startups to meet brand and corporate decision makers in Miami with experience in mobile applications, digital animation, video games, digital marketing and IT solutions.

In addition, unbound Miami will present the Female Founders Startup Challenge, which will see eight female founders battle for access to a place on the Babson College Women Innovating Now (WIN) Lab program. Claro Americas will also be hosting a startup battle to showcase the best innovations in the areas of Internet of Things, artificial intelligence, and ecommerce, among others. The winner will have the chance to visit the company’s facilities in Guatemala.

We hope you can join us and participate in what is sure to be a memorable event. Please follow this link to register and use discount code sgate50.

 

When: November 1 & 2, 2017- 9:00am – 5:00pm

Where: Mana Wynwood, 2217 NW 5th Ave, Miami, FL 33127

Who: 3,000 attendees – made up of 35% corporate and brand executives, 35% founders and entrepreneurs, 15% digital and media agencies, 5% government and trade agencies, 5% investors, 5% journalists.

 

Daniel Seal is the Founder & CEO of unbound.

October 26, 2017

Endeavor taps Miami-based Chargello to join global network

Chargello

 

By Nancy Dahlberg / [email protected]

Your phone is dead – again.

In our world where a dead phone is a catastrophe, Miami startup Chargello has a solution for that. Its proprietary battery device, already available at thousands of venues worldwide, can simultaneously charge six phones three faster than a wall charger and four times faster than a battery pack.

ChargelloteamThis week, the entrepreneurs behind Chargello, co-founders Johnny Bosche and Freddy Sidi, were selected as Endeavor Entrepreneurs at Endeavor’s 75th International Selection Panel held in Sofia, Bulgaria. Endeavor is a global nonprofit organization that selects, mentors and accelerates high-impact entrepreneurs.

Bosche and Sidi, both born in Latin America, founded the ad-tech company in Miami in 2015 and began selling the product last year. Chargello is focused on building a platform to solve the low-battery problem in public places, such as restaurants, hotels and airports.

The batteries not only charge phones, but serve as an advertising platform. Chargello’s batteries can be found in about 5,500 businesses across 22 countries, and the startup is working with global brands such as Diageo, Heineken and Uber. Locally, the devices can be found at Casa Tua, Cipriani, Prime 112, Morton’s, W Hotel, Confidante, One Hotel and the Collection car dealership, among many other businesses, said Bosche, in a phone interview from Sofia. Former Miami Heat star Alonzo Mourning is a shareholder and brand ambassador.

Chargello is a team of 14 in Miami, but it has more than 200 employees through partnership businesses in the countries it sells in, Bosche said.

“We’re looking to scale globally and get access to top-tiered talent. Our goal is to be in 100 countries by the end of next year,” Bosche said. “We believe Endeavor will be an undeniable resource to us as we expand.”

Endeavor Entrepreneurs receive services that include mentorship and access to capital, global markets and talent. Based in New York City, Endeavor operates in 27 countries in Europe, Latin America, North America, Africa, Asia and the Middle East, and supports more than 1,000 entrepreneurs.

Endeavor Miami launched in September 2013 with the support of the John S. and James L. Knight Foundation as the first U.S. affiliate of Endeavor Global. Endeavor Miami’s entrepreneurs are now generating close to $130 million in revenues and employ 1,600 people, according to its impact report released earlier this month.

“As we support Chargello in scaling rapidly via a robust advisory board and additional services, I am confident that Johnny and Freddy will act as role models to inspire the burgeoning South Florida entrepreneurial ecosystem,” said Laura Maydón, managing director of Endeavor Miami.

For more information on Endeavor Miami or to nominate South Florida entrepreneurs, visit www.endeavormiami.org.

October 17, 2017

Endeavor's impact on South Florida entrepreneurship: It's in the numbers

WyncodeAuston-instructing-students
 

EverymundoSFBJBy Nancy Dahlberg / [email protected]
 
EveryMundo, founded by Anton Diego and Seth Cassel (pictured here), provides performance marketing technology for airlines. The Miami startup  has grown the team to 60 employees and has experienced double-digit revenue growth every year. It's now working with about 30 airlines.
 
Founded by Juha and Johanna Mikkola, Wyncode offers coding boot camps that prepare students for the local tech job market. It has graduated more than 450 students and more than 200 companies have hired them. It recently raised funding and opened its own headquarters space (shown above).
 
Pincho Factory, the fast-casual restaurant concept inspired by Latin American street food founded in 2010, has been on a growth spurt since the beginning of 2016. It has gone from two locations to eight, with three more are on the runway, and has added 180 employees. Today it is closing in on $14 million in annual revenue systemwide. It was founded by Otto Othman and Nedal Ahmad.
 
What the three South Florida companies have in common is they were all selected by Endeavor, the global organization that provides mentorship and services to high impact entrepreneurs, including access to talent, capital and markets on local and global levels. The Endeavor Miami chapter, the global nonprofit's first office in the U.S., opened in 2013.
 
"Endeavor has been monumental in terms of mentoring and advising us with our growth strategy. We were able to truly learn how to raise funds and how to negotiate term sheets with the help of our mentors," said Othman. "The networking component provided to us by Endeavor has been huge for us as well. Meeting other fellow entrepreneurs and successful Miami locals has played a big role in our growth. From advising to sharing best practices, these are the lessons you just simply don't learn in school."
 
FigsThese companies and others were highlighted in Endeavor Miami's just released annual impact report, which shows that the 16 active Endeavor Miami companies are booking $130 million in 2017 revenue. Together they employ 1,600 people, and that's up 37 percent since 2014 while jobs statewide were up 9.4 percent in the same period. They've raised $15 million in capital, Endeavor Miami says in its new report.
 

These include companies such as the My Ceviche fast-casual restaurant company, which has grown from two restaurants to six, including its Midtown Miami, Coral Gables and MIA locations, since the founders were selected in 2013. Powerful's yogurt and other other all-natural products are in 10,000 stores, including Target, Walmart and Kroger. FIGS, founded by Trina Spear (pictured here) and Heather Hasson, offers antimicrobial, breathable and fashionable scrubs, and is also a B Corp. that has donated more than 75,000 sets of scrubs in 26 countries. Kairos, the facial recognition and  human analytics technology startup used by a number of enterprise clients, made a strategic acquisition and has raised some $8 million in funding to power its growth.

Brian Brackeen OfficeEndeavor Miami's network of 75 mentors have donated 1,371 mentor hours to help make these successes happen, according to the report. "It’s like having a network of experts at my disposal 24 hours a day, 7 Days a week. It’s family. They would do anything to help us to win," said Brian Brackeen, founder and CEO of Kairos.

To be sure, Endeavor is part of a whole network of community organizations and university programs offering services and support to entrepreneurs in South Florida. Endeavor focuses on selecting companies that are ripe to scale and could benefit from Endeavor's help, as well as founders who are likely to give back to the South Florida community after they've found success by helping the next generation of startups through mentorship and/or investment.

Four years in since the Knight Foundation funded the launch of Endeavor Miami, the community is already seeing the give-back, with entrepreneurs like Brackeen, the Pincho founders, the Mikkolas and many others mentoring startups, offering connections and speaking around town and beyond about entrepreneurship. The organization is celebrating with a benefit gala on Saturday honoring tech visionary Salim Ismail. 

Read the Endeavor Miami impact report here.

To nominate a company for the Endeavor network, go to www.endavormiami.org

October 08, 2017

StartUP FIU: Your chance to change the world

StartupfiucohorteUntitled design (38) (1)
 

By Kate Sackman

What do fair trade yoga pants, paying off student loans, and promoting minority businesses have in common? Yep, all of these opportunities, and more, are being addressed by the StartUP FIU Empower Accelerator companies.

An exciting array of startups are in the third cohort of companies now going through the fall 2017 Empower Accelerator on the main campus of Florida International University.  This 14-week intensive program guides early stage companies rapidly through the key analyses and decisions for building a strong company foundation and scaling. Of the eleven companies in Cohort 3, six are FIU-affiliated (students, alumni, and faculty) and five are from the Miami community.  All of the companies at least have a prototype in development and four of them are generating revenue. The industries represented include apparel, food service, finance, ecommerce, supply chain monitoring and digital marketing

Companies in Cohort 3 are working to provide fair incomes and humane treatment of garment workers in Sri Lanka, help people get out from under crushing debt, and reduce fraud at construction sites.  Cool technologies such as artificial intelligence, the internet of things, and predictive analytics are being applied by companies to improve consumer intelligence, make online marketing more fair and efficient, and yes, help you get fit.

Here are the companies in Cohort 3:

Alana Athletica: Alana designs and sells yoga pants made to employ and empower women in Sri Lanka who are abuse survivors.

Aromas del Peru: A successful Peruvian restaurant chain in Miami that plans to franchise nationally.

CoinStash: An automatic savings plan that helps users pay off student and credit card debt by automatically rounding up their purchases to the nearest dollar and applying the difference to their debt.

Ekkobar: A sophisticated application of machine learning, Ekkobar enables companies to analyze their digital media in real time and interact directly with their audience.

Lunchology: A healthy meal delivery service for schools using only fresh, local ingredients.

Major Marketplace: An online marketplace for minority businesses and those who want to support them.

Merkari: A digital marketing company that enables companies to run multi-channel campaigns across any device.

Mettosof: Mettosof makes InstanRate, a SaaS system that expedites customers’ review process and helps business operators analyze customer feedback   to improve their operations.

Origo: A blockchain-based web platform that allows businesses to validate the true identity and fair trade practices of traders in the Americas.

Smart Barrel: Provides rugged, solar-powered IoT products for construction jobsites that enable construction workers to punch in and out without an RFID tag or other device and enables project managers to oversee and plan construction sites more efficiently.

Sodima Solutions: A chatbot company that provides customer management and a lead generation fitness assistant for the Facebook business page of fitness professionals and gyms.

APPLICATIONS OPEN FOR NEXT COHORT

Applications are now open for Cohort 4! Aspiring entrepreneurs from throughout South Florida are invited to apply.  Companies that have a prototype in development and a good understanding of their customers and market are eligible. Preference is for companies with some revenue, but companies at any stage are welcome to apply. You can apply on the StartUP FIU website: http://startup.fiu.edu. Cohort 4 begins in January 2018.

On the website you can also find StartUP FIU workshops, speakers, and other programs for the public. Upcoming workshops by leading experts include A Beginner’s Guide to Crowdfunding (October 5), and Sea Level Rise Mitigation (October 12). 

Kate Sackman is the director of the StartUP FIU Empower Accelerator and a seasoned entrepreneur.  She has a background in finance, marketing, high-tech, and media. She is also a consultant and a professor of Global Social Entrepreneurship at FIU.