Wednesday, April 30, 2014
Tuesday, April 29, 2014
Monday, April 28, 2014
Venture capitalist shoots for next big thing
7wire's Glen Tullman aims to harness communication technology to improve health care and education
By Janet Kidd Stewart, Special to the Tribune
April 28, 2014
Tullman, the co-founder of 7wire Ventures, passes a note to a visitor when his longtime business partner, Lee Shapiro, walks into a strategy meeting a few minutes late.
"Always late. Likes to make a big entrance," the note reads.
A few minutes later, Tullman walks out of the meeting still in progress.
"Tends to step out of meetings to pretend he's important," Shapiro retorts in another passed note after seeing Tullman's.
In a subsequent interview, Laurie McGraw, a former colleague from Tullman's days as chief executive of Allscripts Healthcare Solutions Inc., reminisced about a client meeting when Tullman tried a few antics to lighten the mood.
"The company was really just starting to hum, and we got this big meeting with Thomas Jefferson University that was hugely important for us," said McGraw, now CEO of Shareable Ink, a Nashville, Tenn., health data firm.
"We were in a boardroom with 50 seats and portraits around the room and all this history. It was a very big presentation, and we had done an enormous amount of preparation. So Glen and I are sitting next to each other, and he could tell I was nervous. I just remember listening to the most senior person in the organization speaking to us and Glen is kicking my shoe off every few minutes," she recalled with a laugh.
Tullman's playfulness belies a dogged work ethic (6 a.m. Sunday phone meetings are routine) and a serious passion about using technology to improve health and education, two areas of focus for Chicago-based 7wire Ventures. The company also has stakes in Argo Tea, a glass blowing workshop and an online pawnshop.
He personally has given more than $5 million and substantial fundraising muscle to the Juvenile Diabetes Research Foundation since two family members were diagnosed with the disease.
But it's not enough to support research through philanthropy, he believes, so his venture firm has a social entrepreneurship bent, aiming to do well by doing good.
"We have to get business focused on solving the big social problems," he said. "We can't expect charities to do it alone."
About 16 months after leaving Allscripts amid big stock declines and wrenching board turmoil, Tullman, 54, is getting close to unveiling his next big thing — an infusion of West Coast capital to create a Silicon Valley-based startup that will focus on chronic disease management using body sensors and monitoring from the cloud. He and Shapiro have invested their own money (from years of salary and stock awards at Allscripts) in 7wire.
"Picture ADT for your body," he said, referring to the company that makes home security systems. The sensors might monitor a diabetes patient's blood glucose and how quickly insulin is being absorbed based on the patient's exercise routine that day. Or they might detect elevated white blood cell counts, indicating a patient's natural infection-fighting response to a new illness. That information would then be linked, through the user's mobile phone, to medical personnel.
"Imagine getting a call from your doctor's office that you're going to be sick tomorrow, and here are a few things you can do to get ahead of it," Tullman said, beaming with an entrepreneur's excitement as he describes the possibilities.
A formal announcement is expected in a few months, but essentially there will be a software development team in California, and a support and services team in Chicago, Tullman said.
Tullman said the deal is not tied to his advisory role with Box, the Los Altos, Calif., cloud-based data storage firm that recently filed a prospectus for a $250 million initial public offering. Last month, he and Aneesh Chopra, former chief technology officer for the United States, signed on to advise the company's health care practice, which Box officials called their fastest-growing unit.
But Tullman said it will be the biggest move yet for 7wire, named for Cyrus West Field's trans-Atlantic cable — it was made of seven copper wires — that connected Europe with North America in 1866.
7wire's mission includes using communication technology to bring about radical advances in health care and education — where two of the world's most pressing problems reside, in Tullman's view. There's a world of hurt in medical facilities and schools, he said, and both are sorely in need of innovation.
The privately held venture capital firm invests in a roster of 10 companies. Among them: Digedu, a creator of classroom technology, is run by Matthew Tullman, a nephew. EosHealth is a diabetes management system, and WiserTogether Inc. is a Washington online tool that provides customized health information to patients through employers and insurance companies.
Copyright © 2014 Chicago Tribune Company, LLC
Sunday, April 27, 2014
1871 announced yesterday its partnership with ElmSpring, a seed-stage technology accelerator for Chicago startups in real estate. ElmSpring will be 1871's third accelerator partnership, along with TechStars Chicago and Impact Engine, since it launched in 2012.
“ElmSpring is the first of many partnerships we hope to have with leaders in a number of industry-specific verticals, we are looking forward to working with ElmSpring in supporting more Chicago-based startups in creating technology and fostering innovation for the real estate industry," 1871 CEO Howard Tullman said in a press release.
The ElmSpring accelerator provides an impressive group of entrepreneurs, executives, investors and marketers as mentors for seed-stage companies in order to grow and thrive in the trillion dollar real estate market. ElmSpring is well-versed in this market because it was launched by Elmdale Partners, the investment firm running an office of real estate giant Century21.
Participating startups in the accelerator receive $20,000 in funding and give a 6 percent equity stake. Specifically, ElmSpring will take companies through a fast-tracked, three-month business program culminating in an investor pitch day where startups have the opportunity to secure subsequent rounds of funding.
“We are thrilled to join 1871; it is the perfect environment for our startup participants," Tom Bretz, ElmSpring co-founder, said. "We look forward to offering the perks of being a part of Chicago’s digital hub to the companies we select for our summer session.”
To be a part of ElmSpring's summer session, which starts June 2, apply here by May 9.
LINKS TO RELATED SITES
LINKS TO RELATED BUSINESSES
- 1871 - Where Digital Startups Get Their Start
- BCV Social
- ConceptDrop (Now Nexus AI)
- Gather Voices
- Georama (now QualSights)
- HighTower Advisors
- Holberg Financial
- Landscape Hub
- Lisa App
- Magic Cube
- Mile Auto
- Packback Books
- Peanut Butter
- Philo Broadcasting
- Popular Pays
- Tempesta Media
- ► 2020 (313)
- ► 2019 (377)
- ► 2018 (456)
- ► 2017 (452)
- ► 2016 (930)
- ► 2015 (1001)
- 1871 HOSTS JON MEDVED (CEO OF OUR CROWD) AND ISRAE...
- 1871 CEO HOSTS KATE SULLIVAN AND CREW FOR 1871 TOU...
- 1871 CEO HOWARD TULLMAN APPEARS ON DIGITAL SIPS TA...
- PAWS CHICAGO VOLUNTEERS AWARD CEREMONY - CONGRATS ...
- NEW INC BLOG POST BY 1871 CEO HOWARD TULLMAN
- Venture capitalist shoots for next big thing
- MATTER TEAM APPEARS ON TASTY TRADE
- ACCENTURE'S FIN-TECH ACCELERATOR IN LONDON AT LEVE...
- 1871 HOSTS MIDWEST TECH CLUSTER FOR SPEECH BY DAVI...
- 1871 to kick off real estate accelerator this June
- An Evening of Art and Wine for PAWS CHICAGO
- BARCLAYS - TECHSTARS LONDON ACCELERATOR
- A DOG IS FOR LIFE
- FOX REPORT - MORE PEOPLE USING APPS THAN SEARCH E...
- 1871 CEO HOWARD TULLMAN HOSTS TOWN HALL MEETING
- On startups and grownups: You can't fake authenticity
- PORTRAITS OF DESIRE
- EXECUTIVE CLUB LEADERSHIP CIRCLE PANEL WITH 1871 C...
- 1871 HOSTS VENTURE CONNECTS
- THE POVERTY PUZZLE: 1871 CEO HOWARD TULLMAN JOINS ...
- Anyone Can Learn To Code to Launch at 1871
- 1871 CEO HOWARD TULLMAN SPEAKS TO NORTHWESTERN STU...
- 1871 CEO HOWARD TULLMAN SPEAKS ON TECH AND SOCIAL ...
- 1871 WELCOMES CONGRESSMAN BRAD SCHNEIDER
- 1871 AND Level39 ANNOUNCE FRIENDSHIP AGREEMENT
- 1871 adds a real estate accelerator, ElmSpring
- 1871 CEO HOWARD TULLMAN JOINS MAYOR EMANUEL IN WEL...
- FIXATION SHOW IMAGES
- FIXATION ARTISTS AT THE LOFT
- Fixation Show - Chicago April 18, 2014
- 1871 HOSTS MICROSOFT BRIEFING AND EVENT WITH RAHUL...
- 1871 CEO HOWARD TULLMAN SPEAKS AT NAPEC INNOVATION...
- WILLIAM BLAIR AND 1871 WELCOME BEN HOROWITZ, MAYOR...
- International Artists Group Tours 1871
- 1871 MAKING ROOM FOR MORE INCUBATORS
- NEW INC BLOG POST BY 1871 CEO HOWARD TULLMAN
- 6 Chicago founders went to the White House last we...
- Chicago Startups Raised over $157M in Q1 2014
- What Works Panel
- WATCH THE ENTIRE "WHAT WORKS" PANEL
- Chicago Business Leaders Brief White House Officia...
- Startups Head to White House
- Tullman, 1871 startup leaders visit White House
- Chicago's 1871 reps to White House: Let startups c...
- WATCH THE GRAMOVOX VIDEO DEMO
- Why 'creatives' need the same love as tech startups
- 1871 GROUP VISIT TO WHITE HOUSE BUSINESS COUNCIL -...
- WHITE HOUSE BUSINESS COUNCIL - NEW JOB GROWTH COME...
- 1871 TRIP TO WASHINGTON - PART 1 - MEETING WITH CO...
- 1776 in Washington, DC
- Yuddle and Tramp - by James "Red" Schmitt
- Chicago Talks Tech Jobs
- Chicago's 1871 reps to White House: Let startups c...
- NEW INC MAGAZINE BLOG POST BY 1871 CEO HOWARD TULLMAN
- 1871 CEO HOWARD TULLMAN TO LEAD DELEGATION OF 1871...
- INK FACTORY VISUALIZATIONS FROM CAMPUS 1871 EVENT
- CAMPUS 1871: BRIGHT STUDENTS & INNOVATIVE IDEAS
- 1871 CEO HOWARD TULLMAN ON POVERTY PANEL WITH BOB ...
- MAGIC TAGS INSTALLATION AT MCCORMICK PLACE - BIG H...
- 1871 MEMBER LEARNMETRICS SELECTED AS ONE OF 4 DEMO...
- 1871 CEO HOWARD TULLMAN APPEARS on WHAT WORKS CHIC...
- 1871 CEO HOWARD TULLMAN - LISTEN TO WBEZ TECH SHIF...
- 1871 CEO HOWARD TULLMAN INTERVIEWED FOR BIT TV
- 1871 CEO HOWARD TULLMAN WELCOMES MAYOR RAHM EMANUE...
- New Shots by Barry Brecheisen and New Art at the L...
- Mike Shannon of Packback on Tasty Trade - Bootstra...
- 1871 CEO HOWARD TULLMAN SPEAKS TO NOTRE DAME EXEC ...
- PEZ DISPLAYS AT THE LOFT
- CAMPUS 1871 BEGINS WITH KEYNOTE FROM 1871 CEO HOWA...
- 1871 TEAM VISITS BLUE 1647
- 1871 CEO HOWARD TULLMAN INTERVIEWED ON WBEZ ABOUT ...
- 1871, TECHSTARS AND SOCIAL CRUNCH INCLUDED IN 3 SE...
- 1871 Hosts Campus 1871, A Three-Day Cross Campus H...
- Tullman Collection Artist Eloy Morales in New Video
- Two Chicago startups win at Google demo day
- Steve Case Announces $1M Investment in “Rise of th...
- Steve Case makes a spur-of-the-moment million-doll...
- Chicago tech sector — and 1871 hub — out to expand
- GOOGLE FOR ENTREPRENEURS - DEMO DAY
- New INC Magazine Blog Post by 1871 CEO Howard Tullman
- 1871 CEO, mayor announce tech job creation pact
- Israel's PowerMat charges your gadgets without wires
- 1871 CEO HOWARD TULLMAN JOINS PANEL ON FOUNDERS AN...
- More than 100 Chicago tech execs sign letter urgin...
- ▼ April (84)
- ► 2013 (530)
- ► 2012 (419)
- ► 2011 (389)
- ► 2010 (415)
- ► 2009 (484)
- ► 2008 (573)
- ► 2007 (495)
- ► 2006 (49)