Tag: startups



Economists argue that normal, rational people would never take the risks that entrepreneurs do. An article in the Gulf News Media of Dubai, United Arab Emirates, cites Olin economics professor Bart Hamilton’s research on the median earnings of entrepreneurs compared to median salaried workers as evidence that entrepreneurs must be irrational because they earn 35% less.

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Prof. Bart Hamilton

A new longitudinal study begs to differ. It offers evidence that over several decades, earnings of entrepreneurs and salaried workers even out. Economists may have to admit that entrepreneurs aren’t so crazy after all.

Article: “The almost intangible quality of entrepreneurship”
10/14/15




I moved from Tel Aviv to St. Louis to attend Olin’s MBA program. After my first semester, I was looking to buy a car that I could use for a road-trip to Key West. After meeting with a few too many sketchy people on Craigslist, I almost gave up. Then, I found out that WashU has several Facebook pages and google spreadsheets for buying and selling stuff.

Guest blogger: Shai Hatsor, MBA’16, co-founder of Quadzilla

I felt much more comfortable buying from another student, but using Facebook and Excel to buy something was not convenient at all. Moreover, there were too many small Facebook groups and, therefore, not much content on each. That’s when I got the idea of combining the functionality and convenience of public marketplaces such as Craigslist with the safety of closed communities such as Facebook groups which require users to verify their university email address. That’s the idea behind QUADZILLA – a new private marketplace for college students.

quadzilla logoI’m working on Quadzilla with my co-founder Eyal whose wife is a PhD student at WashU. They too are from Israel (small world). Our mission is to improve student life and help save students money. We believe that WashU students deserve a private “Craigslist” of their own that will be safer, more convenient, and tailored to their needs.

We launched our website (www.goquadzilla.com) last spring, and we already have more than 1,000 students using it. We also have a Facebook page (www.facebook.com/goquadzilla) that we use to connect with our users.

Click here to register.

Our supporters:

  • I’m now writing Quadzilla’s business plan with a team of students (Steve, Matt, and Daniel) as part of the Hatchery class taught by Professor Cliff Holekamp. Moreover, Professor Holekamp provided me with guidance throughout the past year. The entrepreneurship platform connects students to great resources and mentors to help with starting new businesses.
  • Snarf’s Sandwiches (an amazing local sandwich shop that operates 3 stores in St Louis) has really helped us so far because they too believe in our mission to create a safe student community. Snarf’s also supports the development of the entrepreneurship ecosystem in St Louis. We now raffle off one $20 Snarf’s gift card every week among our registered users to incentivize students to sign up.

In conclusion, we will do our best to make our vision a reality. If you would like to volunteer and help, please reach out to us on info@goquadzilla.com.




Olin’s Entrepreneurship and Venture Capital Association is hosting a panel discussion at this week’s Venture Cafe, Sept. 17, 6:30 to 7:30 p.m. “Who should an entrepreneurial student know in St. Louis?” is the topic and the EVCA is inviting 8 to 10 of some of the most important contacts a student should know in St. Louis. They represent important organizations, valuable support systems, or just give damn good advice, according to the Venture Cafe calendar!

Venture cafe logoThe Venture Café Gathering is held every Thursday at the @4240 building in the Cortex Innovation District (4240 Duncan Ave. @ Boyle) from 3:00pm to 8:00pm. The weekly Venture Café Gathering serves as a physical nexus for helping innovators and entrepreneurs find one another and collaborate to bring their dreams to reality.

These Thursday evening gatherings provide a space for conversations and scheduled programs to inspire a wide range of attendees from around the world to connect. Even in this digital world, it’s important to have a physical space. Shared physical spaces provide common meeting ground and a forum for semi-serendipitous encounters that often foster brainstorming and drive creativity.

Entrepreneurs, engineers, scientists, developers, designers and other members of the St. Louis startup community drop in to chat about what they’re working on. It’s free and open to the public. Attendees are asked to act in line with the Venture Cafe’s Community Credo / Guidelines.




Olin BSBA’95 alumnus Don Breckenridge, CEO of Hatchbuck, a St. Louis-based marketing automation and CRM company, tells The Huffington Post how important talent from major universities including Washington University are to the city’s thriving startup ecosystem.

breckenridge

Don Breckenridge

Link to article: How a City’s Business Culture Helps Mold Its Startup Scene

8/31/15

 




Invisible Girlfriend, winner of the 2013 St. Louis Startup Weekend and an Arch Grant earlier this year, was co-founded by WashU alumni Matthew Homann, (JD ’93) and Kyle Tabor, PMBA ’13. The service which also offers Invisible Boyfriend, allows customers to create a pretend boyfriend or girlfriend who “exists” on social media including text and phone messages sent to the customer.

Innovoxstl.com reports that the company is changing its name to Invisible Industries and looking to expand its services. Tabor is quoted as saying, “We decided to change the name because frankly, a lot of people laughed at the original name. And we view it as much more serious.”

Invisible Girlfriend employees communicate with customers via text message to help them avoid the “social stigma of being single.” The company also says the service helps people navigate the ever-changing dating scene by providing a safe place to communicate with a real person via text.

 

 

 


By many accounts, the last few years have seen St. Louis rapidly transform into one of the most robust start-up scenes in the country. However, some of the terminology can be confusing for newcomers, especially the locations of where many early-stage companies are located. T-Rex, Cortex, TechArtista: what are people referring to when they throw these terms around? Read this article so your well-informed façade can last a little longer next time you’re talking to an entrepreneur in St. Louis.

T-REx

Where does that name come from? When the Partnership for Downtown St. Louis, the Regional Chamber and the City came together to form the Technology Entrepreneur Center (T.E.C.) they made their first home at the Old Railway Exchange. Hence: TEC + Railway Ex = T-REX.

Where is it? Downtown on the booming Washington Avenue.

T-Rex co-working space

T-Rex co-working space

What makes it special? The pricing schedule of Google Ad Words; the share of global capital owned by women; the different legal classifications of employees. Spend enough time in the co-working space at T-Rex, St. Louis’s most prominent startup hub, and you will learn all these things and more. Renowned for its collaborative environment, entrepreneurs in this space can gain skills and knowledge both from their neighbors and from scheduled lunch-n-learns, one example of the frequent programs run by the organizers of the space. Featuring more than 110 startups, 160,000 sq. ft and free pour-over coffee, T-Rex is for entrepreneurs who want to be at the heart of the startup scene. http://downtowntrex.com/

CIC

Where does that name come from? Cambridge Innovation Center (CIC) is a nationally recognized organization of space and service providers for entrepreneurs based in Cambridge, MA. This is where it gets confusing. There are two separate but nearby CIC locations in St. Louis: CIC@4240 (named for its street address) and CIC@CET (named for the Center for Emerging Technology). Both are part of the Cortex Innovation Community, a vibrant 200-acre innovation hub and technology district (usually referred to simply as Cortex).

Where is it? The Central West End and Forest Park P arkway

What makes it special? Home to Venture Café, the exceptionally popular weekly gathering of entrepreneurs and professionals, and CIC is one of the cornerstones of the startup scene in St. Louis. Its proximity to Washington University and Barnes-Jewish Hospital give it unparalleled access to significant research and technology resources. http://stl.cic.us/

Industrious

Where does that name come from? A focus on less quirk and more style led this New-York based co-working space developer to choose a name that clearly shows it means business.

Where is it? Downtown on the booming Washington Avenue.

What makes it special? To differentiate from other co-working places that provide a place to sit and little else, Industrious defines itself as a social office and offers glass-walled private offices as well as communal work space. Amenities include gourmet daily coffee and snacks, beer on tap, and shared season Cardinals box seats. With an emphasis on sophistication, this space is not for workers who want to play ping pong; Industrious is for small businesses, growing startups and satellite corporate offices who mean business.  http://www.industriousoffice.com/locations/stlouis

TechArtista

Where does that name come from? TechArtista stems from the Italian soccer term “trequeartista”, which describes a playmaker whose creativity and technique helps score goals.

Where is it? The Central West End. Click on video above for a tour of TechArtista.

What makes it special? For entrepreneurs who live and breathe their business, TechArtista’s 13,500 square foot business and lifestyle ecosystem offers 24/7 access, private parking, two kitchens, laundry, a full gym, changing rooms, showers, private video-chat booths, and a large rooftop wood deck. The space also boasts one of the most tight-knit communities of pooled brainpower. In fact, TechArtista has an in-house designer, videographer and even an attorney that works with all the resident companies. http://www.techartista.org/

Lab1500

Where does that name come from? A project of Ignition Tank, Lab1500 takes its name from the address of its headquarters at 1500 Washington Avenue in downtown St. Louis. The nearly 120 year-old building was rehabbed to capture the industrial yet rustic essence of the abandoned factory. Exposed brick walls, hardwood floors and intricate ceiling tiles make up just a few of the historic elements that were restored and combined with modern-day technology for a creative vibe.

Where is it? Downtown on the booming Washington Avenue.

What makes it special? Lab1500’s vision revolves around its principles of synergy, openness, and creativity. Members have the ability to work in different environments, including the traditional co-working space with communal areas and the relaxed and quiet lounge. The facility and its classroom are also available for members to rent for meetings, classes and events. Keep an eye on this collaborative space as it becomes an integral part of the startup scene in St. Louis. http://www.lab1500.com/#

Nebula

Where does that name come from? Like a nebula is a collection of independent galaxies that come together to form something beautiful, Nebula brings different entrepreneurs together to produce innovation through collaboration.

Where is it? Cherokee Street’s Creative District

What makes it special? Nebula opened in 2010 as the first coworking space in St. Louis, providing workspace for independent contractors, small businesses, non-profits, and creative professionals looking for a place to build, create, develop, and collaborate. http://nebulastl.com/