Monthly Archives: April 2013

Friends & Family Investors

A good read from Forbes.com, written by former VXG client Mitch Free.  -Chris Mangum

4/22/2013 @ 4:18PM | Forbes.com

Entrepreneurs: If You Love Your Family, Don’t Let Them Invest in Your Startup

When an entrepreneur is starting a new business they usually do not have the cash to fund the startup purely by themselves and will therefor need to find investors.  They often think of turning to family and friends for the initial funding, as it is sometimes easier to raise money from them than through other avenues.  Your family thinks you hung the moon and your friends trust you. They know what […]

New Orleans Jobs Shifting Closer to Downtown

New Orleans is among the top cities where jobs are shifting closer to downtown, study finds

The area around South Rampart Street and Poydras Street in the Central Business District of New Orleans. A Brookings Institution study found the city among the leading locations in the country for an increasing concentration of jobs close to central business districts. (David Grunfeld, NOLA.com | The Times-Picayune)

By Mark Waller, NOLA.com | The Times-Picayune 
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on April 18, 2013 at 1:30 PM, updated April 18, 2013 at 8:51 PM

Examining how the Great Recession influenced the way jobs spread across cities and surrounding areas, the Brookings Institutionon Thursday ranked New Orleans […]

OpenCo Innovation Festival Expands Locations for 2013

OpenCo Innovation Festival Expands To New York City, London, Detroit and San Francisco for 2013
 
Indiegogo Funding Campaign, Host Company Application Process and Early Attendee Registration Open Today
 

SAN FRANCISCO, April 9, 2013 – Today OpenCo, a new kind of conference-as-festival where a city’s most innovative companies open their doors to the general public, announced the expansion of the event series for 2013. On the heels of a very successful inaugural San Francisco event last Fall, OpenCo is expanding to highlight innovation on the East Coast via an event in New York City from May 22-24, 2013 as part of Internet Week New […]

Chris Mangum quoted in The Times-Picayune

Resurgent New Orleans attracting seasoned entrepreneurs

A welcoming business climate

Chris Mangum, 45, is from Arkansas but worked in Atlanta for 20 years for BellSouth and in venture capital before moving to Monroe as an executive with the Century Link telecommunications firm. His wife, who’s from New Orleans, was recently pregnant with their first child, and he craved more entrepreneurial pursuits. So he studied her hometown.

What sold him on the strength of the New Orleans market was a scene he spotted walking by the iSeatz office in the Warehouse District on the Friday evening before the 4th of July holiday. In […]

Thoughts about Angel Lunches/Dinners

As someone who has attended my fair share of these angel events with clients, for our own companies and as guests, here are some of the lessons learned and some thoughts about these events.

Paying to Present

I am typically not a fan of paying to access the organizer’s network without getting much other benefit.  I understand these organizers have bills to pay, but I have not seen many deals getting done out of these groups which fit the profile of the companies with which we work.

If you think it may be worthwhile to pay for one of these meetings, make […]

Changes to the U.S. Patent System

Why Filing a Patent Just Got More Complicated For Startups (Opinion)

BY SCOTT SHANE | April 17, 2013 | Entrepreneur Magazine

 The major provisions of the America Invents Act — which made the most substantial changes to the U.S. patent system in the last 50 years — came into effect on March 16, dramatically changing the U.S. system for protecting intellectual property.

The Obama administration claims the new law will benefit small businesses by speeding up the patent application process and improving patent quality. While some of the new law’s provisions will undoubtedly help small business owners, I’m not sure the changes to the patent system will help entrepreneurs on balance.

For those […]