Archive for the ‘News’ Category

Six rural Northern Kentucky counties have launched a new website designed to enhance communication throughout the area and highlight the region for potential economic development.

The site, http://northcentralky.com , is a collaborative effort between leaders in Bracken, Carroll, Gallatin, Grant, Owen and Pendleton counties.

Cassandre Collins, Northern Kentucky University Innovation Center director, Grant County Center, said it’s essential to regionalize and unite the six rural counties.

Full article http://news.cincinnati.com/article/20100531/NEWS0108/6010313/-1/TODAY/Rural-


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Thursday, May 13, 2010

5:00 – 7:00 p.m.

(Game follows immediately after the event)

Florence Freedom Champion Window Field

7950 Freedom Way

Florence, KY, 41042


Experience the Florence Freedom and several other local Chamber member businesses for a first hand view of their operation.

Meet the business owners and managers along with some of the actual ball players.

This event will also provides time for Chamber members to meet one another, socialize and created new networks in a fun, casual environment, characterized by a lively crowd, refreshments and snacks/light food.

Ticket includes entry into the Chamber event, a drink ticket, snacks/light food and admission to that nights baseball game. Cash bar will be available.

Supported by:

– LaRosa’s

– Expense Reduction Analysts

$5 Chamber Members

$10 Future Members

Register at:


For more information contact

Daniele S. Longo at


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Friday March 19
10 a.m. – 3 p.m.
NKU Student Union

World Class Seminars FREE

•Discussion panel with attorneys
•What business are you in?
•How do you market and sell your product?
•How do you forecast your revenue and expenses?
•When do you pitch to investors?

Networking & Lunch – FREE


•Meet with an attorney for individual and confidential consultation and advice on starting your new business.
•Create a single-member LLC by: Filing online with the KY Secretary of State Preparing an LLC Operating Agreement
•Register a domain name and email address

$300 Value for $65

SPACE IS LIMITED: Register by email at sball@kstc.com and receive a gift at the door

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Investing by ‘angels’ down 40 percent – Atlanta Business Chronicle:.

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With Venture Capital Scarce, Entrepreneurs Find Alternative Means

OCTOBER 15, 2009



Sean Conway needed to raise funds for his start-up, Notehall.com, an online marketplace for college students to buy and sell class notes. But a year into the venture he was broke and investors weren’t willing to infuse the company with a capital boost.

Mr. Conway’s grandfather contributed $17,000 for marketing and operations, which allowed the company to hit nearly 8,000 users at Mr. Conway’s alma mater, the University of Arizona, by January 2009. But the angels and venture capitalists remained skeptical.

“I had invested my life savings and I knew there was no turning back,” says Mr. Conway, a 2007 graduate.

Rob SheddSean Conway, founder of Notehall.com, found creative ways to get funding for his business.

So last March he submitted his idea to DreamIt Ventures, a sort of entrepreneurial boot camp in Philadelphia—funded by four economic development organizations—that provides office space and mentoring to fledgling business owners, and helps set them up with potential investors. Notehall.com, one of 10 ventures chosen to participate in the three-month summer program, walked away with about $500,000 in investments.

Amid a stark climate for venture capital, small-business owners are finding more creative ways to get funding. Some are turning to boot-camp-style programs like DreamIt Ventures, Y Combinator in Mountain View, Calif., or TechStars in Boulder, Colo. Others have found success appealing for funds via television, or even hitting up friends and relatives for cash.

Venture capital deals have been steadily declining since 2007 and are hovering at levels not seen since the mid-1990s, according to data from PricewaterhouseCoopers and the National Venture Capital Association. The amount of funding in the second quarter dropped more than 50% from the year earlier period, landing at 612 investments worth $3.7 billion.

Yet entrepreneurial activity can remain vibrant even in downturns. A June study by the Ewing Marion Kauffman Foundation, a Kansas City group that promotes entrepreneurship, found that periods of unemployment trigger individuals to launch their own ventures instead of applying to corporate jobs. These days, like Mr. Conway, they are needing to find alternative paths to reach investors.

After his success with DreamIt Ventures, Mr. Conway applied to be a contestant on ABC’s Shark Tank, a television show that gives entrepreneurs a chance to pitch to investors and vie for their money. Through the show, which aired Notehall.com’s episode last week, Mr. Conway landed the company an additional $90,000 after agreeing to give up a 25% equity stake. “The last two weeks have been crazy,” says Mr. Conway, who says he hopes for the company to reach 30 colleges by the end of the year.”Everyone is emailing, wanting to partner with us.”

Marc Fienberg, head of Story Films Inc., a production company in Los Angeles, also found his enterprise wasn’t garnering much respect from the venture capital community. So he tapped some acquaintances from his days at Northwestern’s Kellogg School of Management and proceeded to network for about three years.

“I quickly realized that to do this, I’d have to reach outside my comfort zone,” he says. “There was no room to be shy or humble.”

In total, Mr. Fienberg says he pitched to hundreds of contacts, many of whom scoffed at the idea and told him he was wasting his time. But eventually he found 17 people—made up primarily of Kellogg alumni—who were interested. He flew to meet each in person.

From 2007 to 2009, Mr. Fienberg says he secured between $1 million and $5 million. His company’s first film, “Play the Game,” recently landed in theaters and has grossed about $500,000 in box office sales.

In this economy, entrepreneurs need to work even harder and put more effort into thinking outside the box, says Bo Fishback, vice president of entrepreneurship at the Kauffman Foundation.”Smarter entrepreneurs are looking to put more sweat equity into the company, not magic $100 bills.”

Mr. Fishback is seeing a trend of more innovators competing online at NineSigma.com and InnoCentive.com. Large companies post challenges on these sites and award money to the winning inventor or problem solver.

Small projects from large companies can be lucrative. That’s what William Volk found out after he joined a start-up called MyNuMo LLC, a company that produces games for smart phones. In 2008, he reached out to a venture capital firm that had invested in a company where Mr. Volk had previously worked. “I thought for sure we would get it because I had a track record,” says Mr. Volk. But he wound up losing to a competitor seeking capital from the same firm.

Given his background in programming, an undeterred Mr. Volk contacted several companies to see if they’d be interested in a custom smart-phone program. “We were using those smaller projects to keep us going,” he said. The projects financed the research and development for MyNuMo’s game applications, which are now available online and as mobile-phone applications.

Revenue is expected to hit $1.5 million this year. “We managed to create a higher number of titles than our well-funded competitors,” Mr. Volk says.

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Investors are hip to “Startup lies” Oct 13, 2009 When marketing their start-ups, entrepreneurs will naturally seek to put their companies in the best possible light. Investors are a cynical lot, however, and there are a number of “red flags” which every potential investor unconsciously listens for in elevator pitches, business plans, and executive presentations, notes Martin Zwilling, CEO and founder of Startup Professionals, Inc., and managing partner of Southwest Software Ventures and Consulting. He offers a list of ‘Ten Start-up Lies,’ “not to impugn the honesty and integrity of entrepreneurs, but maybe to curb your natural over-enthusiasm that might detract from your impact.”

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Terms like Facebook, Twitter, wikis and blogs are a recent addition to mainstream vocabulary. And now it seems like everyone is fluent in the language of social media – including your prospects and customers.

This eBook explores how organizations can connect and nurture relationships with prospects and customers by effectively leveraging social media and real-time collaboration tools.

Download the eBook to learn:

What the popular social media can do for your business
Best practices for building relationships with social media, from Twitter to YouTube and more
How to leverage the powerful synergy between social media and Webinars
And more…


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