HindSight - The Perspiration Principles -You Get What You Work for, Not What You Wish for.

HINDSIGHT - THE PERSPIRATION PRINCIPLES : YOU GET WHAT YOU WORK FOR, NOT WHAT YOU WISH FOR.

GLADWELL'S DICTUM

THE THING THAT DISTINGUISHES ONE PERFORMER FROM ANOTHER IS HOW HARD HE OR SHE WORKS. THAT'S IT. AND WHAT'S MORE, THE PEOPLE AT THE VERY TOP DON'T WORK JUST OR EVEN MUCH HARDER THAN EVERYBODY ELSE. THEY WORK MUCH, MUCH HARDER.

............................ 1871 - Where Digital Startups Get Their Start ........................

WiNote

Tuesday, September 02, 2014

PrepMe founder is back with sophomore effort

PrepMe founder is back with sophomore effort

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 - Karan Goel
Karan Goel
Two years ago, Karan Goel sold his test-preparation startup, PrepMe Inc. Now he's back for a sophomore effort with GetSet Inc.
Instead of trying to help kids get into college, he's focused on keeping them in school with an app that's part social network, part Siri.
The company has raised $2.5 million from high-profile local backers led by KGC Capital, the venture fund of longtime Chicago investment banker Richard Kiphart; Chicago Ventures; Fieldglass Inc. founder Jai Shekhawat; Braintree founder Bryan Johnson, and Howard Tullman's G2T3V fund. Social&Capital, a fund based in Palo Alto, California, also invested.
GetSet, headquartered in the East Loop, has nine employees.
Mr. Goel, 30, recently signed up his first customer: Arizona State University, which is rolling out GetSet to nearly 11,000 freshmen and 5,000 transfer students across multiple campuses. American Career College, a vocational school in Los Angeles, also is using GetSet.
COLLEGES' MAJOR PROBLEM
As colleges face more competition for students and pressure to keep costs low, schools have to pay closer attention to keeping their customers. "Schools lose tens of millions when students drop out," he said. "This is their biggest problem."
Even some Big 10 schools graduate little more than half their students in four years. "I didn't realize how big the problem was," Mr. Goel said.
GetSet is charging schools $35,000 to more than $100,000 a year for the software, depending their size.
The primary tool allows students to ask questions online — on topics including how to deal with financial aid forms or find an office on campus — that are answered by students at their school. GetSet starts with a pool of students, called ambassadors, who volunteer to answer common questions a new student might have. Other answers will be offered by students over time.
The database relies on natural-language processing and matching to come up with the right answers in real time from what's already in the database. The platform also allows other students to comment and provide additional answers.
STUDENTS HELPING STUDENTS
The idea is that new students will get answers from other students who have successfully navigated the same problems.
An algorithm helps students find peers with similar backgrounds and interests. If they use GetSet the same way they do social networks, they'll build relationships more quickly with other students and find their way on campus.
Mr. Goel says research shows the biggest predictor of whether a student stays in college and succeeds is whether they made a "true friend" on campus.
Every student gets an account when they enroll. So far at Arizona State, about 20 percent of the freshmen and transfer students have signed onto the system.
"We're not a silver bullet," Mr. Goel said. "We're helping people who aren't necessarily seeking help."
Mr. Goel formed the company nearly two years ago and tested the product over the summer with individual students at DePaul University, Columbia College Chicago and City Colleges of Chicago. One function of the GetSet app is to send students text-message reminders of things such as study groups.
Follow John on Twitter at @JohnPletz.

THE FUTURE OF TECH? METRICS, NOT MOONSHOTS





Monday, September 01, 2014

2014 TECHSTARS DEMO DAY











1871 AND THE ILLINOIS HISPANIC CHAMBER OF COMMERCE ANNOUNCE PARTNERSHIP TO SUPPORT DIVERSITY IN ENTREPRENEURSHIP

1871 AND THE ILLINOIS HISPANIC CHAMBER OF COMMERCE ANNOUNCE PARTNERSHIP TO SUPPORT DIVERSITY IN ENTREPRENEURSHIP
Illinois Hispanic Chamber of Commerce to partner with 1871 to identify and support Hispanic technology entrepreneurs, designers and developers, foster programming and networking opportunities, and encourage startup businesses

CHICAGO (August 28, 2014)—1871 joined the Illinois Hispanic Chamber of Commerce (IHCC) today to announce a partnership agreement that will support Hispanic entrepreneurs and foster diversity in the technology community. The partnership begins today with 1871’s participation in the Illinois Hispanic Chamber of Commerce’s Hispanic Business Expo at Navy Pier, which is set to connect thousands of business owners and professionals.
“As part of our ongoing initiative to foster diversity in the technology community, 1871 is proud to work with the Illinois Hispanic Chamber of Commerce to support Hispanic entrepreneurs,” said 1871 CEO Howard A. Tullman. “The Hispanic community is a huge resource for technology talent, and the technology community must embrace this talent, and promote diversity in general, in order to reach its full potential. The best innovation occurs when people from all types of backgrounds have the opportunity to develop and share their ideas.”
1871’s partnership agreement with the Illinois Hispanic Chamber of Commerce will foster diversity in the technology community in the following ways:

·        IHCC will work with 1871 to identify promising Hispanic technology business owners, designers and developers, who will be eligible for sponsored 1871 memberships funded by corporate partners.
·        1871 will utilize its in-house recruiter to foster employment opportunities for the Hispanic community by connecting potential employees identified by IHCC to 1871 member companies seeking to make new hires.
·        IHCC and 1871 will identify startups founded by Hispanic college students and recruit those businesses to join 1871’s various programs for college students.
·        1871 will work to create opportunities for Hispanic students to attend coding classes and other trainings at 1871.
·        1871 will work with IHCC to livestream entrepreneurship workshops and events to local Hispanic Chambers of Commerce and businesses.
·        IHCC and 1871 will host joint networking events in the 1871 space for the Hispanic technology community.
·        IHCC and 1871 will identify and recruit Hispanic leaders in business, marketing, technology and entrepreneurship to become 1871 mentors.
“At IHCC we promote and celebrate collaboration and innovation,” said Omar Duque, IHCC President & CEO. “We are excited to partner with 1871 to provide Hispanic entrepreneurs and students critical resources to build transformative businesses in technology.”
1871 and the Illinois Hispanic Chamber of Commerce will continue to develop this partnership by identifying and implementing new methods of supporting Hispanic entrepreneurs, professionals, and students in the technology community.

About the Illinois Hispanic Chamber of Commerce (IHCC)
The Illinois Hispanic Chamber of Commerce (IHCC) is the leading Hispanic business, networking, advocacy and development organization in the state of Illinois. IHCC works with business owners, providing unique and strategic one-on-one services designed to help businesses thrive and grow, while also regularly hosting networking and public policy events.

About 1871

1871 is an entrepreneurial hub for digital startups. Located in The Merchandise Mart, the 75,000-square-foot facility provides Chicago startups with programming, access to mentors, educational resources, potential investors and a community of like-minded entrepreneurs that help them on their path to building successful businesses. 1871 is the flagship project of the Chicagoland Entrepreneurial Center.

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