FOR IMMEDIATE RELEASE
APRIL 19, 2016
1871 Member Company MyChild Will Be the Fourth 1871 Company to Compete; Third Annual Demo Day For Google For Entrepreneurs North American Tech Hub Network
Facebook's Fabulous Future
Insights
Posted by: Howard A. Tullman on 4/12/16 6:27 AM
For the last year or two, it's been fairly easy for the naysayers to continually predict the imminent demise of Facebook. The latest rants focus on the alleged slippage in the sharing by FB users of their "personal" news and details. For me, even if true, this falls somewhere between "who really cares anyway?" and "TMI" to begin with. There's plenty of this kind of crap to go around and we should all actually be grateful to hear that the over-sharing is abating even if Kayne and the Kardashians are still killing us with just their shameless alliteration alone.
New Program to Provide Night and Weekend Courses in Data Science; First Course to Begin at 1871 in April
This Common Communication Mistake Is Destroying Your Productivity
Insights
Posted by: Howard A. Tullman on 4/7/16 11:01 AM
I can't tell you how often I'm in a conversation or presentation with a major corporation's senior management team and the first topic to arise is frustration with a lack of effective internal communication and information sharing.
Future Founders Moves Headquarters to 1871; Both Organizations Launched Through Chicagoland Entrepreneurial Center
I wanted to provide you with my thoughts on my first 30 days as an 1871 Mentor. Jim Dugan, J.B. Pritzker, and Ellen Rudnick were certainly right about the energy and enthusiasm of the entrepreneurs associated with 1871!
Thus far, I have conducted four days of office hours (18 total slots), met with 14 different companies with only one no-show. My discussion areas: 1) concisely presenting a company's competitive advantage to capital providers; 2) how to divide equity among startup founders; and 3) the unique challenges women entrepreneurs face in raising capital appeared to have resonated with the entrepreneurs.
This week I was told that my ideas may have already had an impact with two entrepreneurs. One company, Starchup, met with a company that I had consulted with previously, to discuss my thought that their respective business models were complementary. After meeting, they are in the process of finalizing a deal that could substantially increase their respective revenues. A second company, SpaceHQ, utilized my suggestion to create a competitive sales force model to generate increased salesperson attention to SpaceHQ’s product. I was told that potential customers have embraced this idea enthusiastically.
Other Mentors, such as Maria Burud of Zanon Group, have been very helpful in introducing me to 1871 companies they have been mentoring where my expertise and experience could be a fit. I must compliment you on the 1871 staff, especially Rhonda and George, who have been generous with their time and have been very patient in answering my many questions.
Thank you for providing me with the opportunity to be a part of this excellent business effort.
About the Author
Jerrold B. Carrington, President and COO, TurnerPatterson
Jerrold B. Carrington is President and COO of TurnerPatterson, LLC.where he oversees all operations and financial activities for TurnerPatterson. In addition to joining TurnerPatterson, Mr. Carrington is a co-founding general partner of INROADS Capital Partners, L.P., a $50 million private equity firm in the Chicago area that invests in middle to later stage companies, particularly those targeting the urban consumer. He is also the founder of Carrington Partners, LLC a financial advisory firm that specializes in providing private equity investment advice and counsel to middle market companies.
The Five Rules of Uber-ization
Insights
Posted by: Howard A. Tullman on 3/29/16 11:13 AM
Technology columnist Farhad Manjoo of The New York Times recently argued that the UBER model doesn't translate very well and can't be reliably applied to the thousands of businesses that have rapidly appeared in virtually every industry claiming to be the "UBER" of whatever. He thinks these companies are being started and run by people who are either irrational or sadly deluded and that a massive shakeout looms. There's one UBER and that's UBER-- end of story. He's not entirely wrong, but his view is too simplistic.
1871 member Peeptrade launched at SXSW earlier this month. We sat down with them to find out more about the experience:
